Yesterday we proposed that 314XX USD has the potential to form a top between 24XXX-314XX USD, and this trend has been successfully fulfilled.

In the comments section, I found that there were many voices questioning the theory.

Here I explain my point of view!

There are many types of trends, especially when there are severe market divergences.

Either direction has possibility and can be confirmed by the trend. This is the same no matter which analyst comes.

At the same time, in the Bitcoin market, there is a high probability of a V-shaped reverse spike, a high-level shock and a series of irregular shocks.

This is also caused by insufficient market depth.

If you simply apply theories mechanically, the results will often be counterproductive.

Therefore, I introduced a series of concepts such as divergence, structure, time, strength and level from the Chaos Theory into my theory.

Although it is impossible to guarantee a 99% winning rate, the winning rate will be higher if we simply apply the theory.

Let's go back to our disagreement on the diversity of trends. There is diversity in the trend all the time. What I can do is to propose the possibility of this trend through breakthroughs or breaks or indicator types to make a tendency suggestion for a certain trend.

All that is left is to buy and leave, wealth and honor are in the hands of God. But do your best and leave it to fate!

Finally, I would like to reiterate that the analysis I do is purely voluntary, and I do not plan to charge for the analysis in the future. It is just a suggestion. If you have different opinions, you are welcome to discuss in the comment section. No trolls.

Back to the board:

What is relatively certain about Bitcoin in the short term is that this wave of price increases has ended.

I think the retracement range below is reasonable if it is above 61.8%. The 61.8% position is at US$27,864.

Assuming that 314XX is the mid-term top wave 5, the follow-up will be a major mid- to long-term adjustment. Although I think this plan has many internal structures and is not very clear.

If 314XX is the top of Za, then after the adjustment of 24-314XX, there will be an upward attack of Zc. The logic of Z wave is to assume that the bottom is three sawtooth! (For details, please see the division of the copywriting a few days ago)

The rise of 24XXX-31XXX USD is a clear driving wave upward, without assuming that the Z wave is completed.

In layman's terms, after the adjustment, according to theory, if wave 5 is excluded, there will be another surge! Assuming it is wave 5, this is the top of 15XXX-314XX.