Chaos Theory Analysis 7.07: BTC’s 4-hour new high trend is finally perfect!

一生一心缠论说 · 2023-07-07T00:24:31.000Z

BTC broke through again and hit a new high yesterday afternoon, reaching 31500. This account has already predicted the trend of breaking new highs. The community practical chain promptly prompted the reduction of spot positions and long orders as soon as it broke new highs. It is safe to be safe. After the market breaks a new high, it divergences and triggers a major correction. This is called "the trend will eventually be perfect" in the theory theory. The popular explanation is that breaking a new high will induce bulls to counterattack and harvest the leeks chasing the high. At present, the price of the pie has fallen back to around 29,900, and has dropped 1,600 points sharply from the high. Many friends are worried about whether this wave of rising prices has come to an end? This question involves the level issue. At present, it can only be said that the upward period of the 4-hour period has ended, but the expectation of the upward period of the daily line remains unchanged. From the perspective of the daily line level, it is just a callback. Positions that have been reduced at a high level only need to wait patiently for 4 hours before the end of the next period to replenish the position.

BTC broke through again yesterday afternoon to create a new high of 31,500. This account has previously predicted the trend of breaking the new high. The community practical chain promptly prompted to reduce spot positions and long orders as soon as the new high was broken, so as to lock in profits.
After breaking the new high, the big rebound was triggered by a divergence. This is called "the trend is finally perfect" in the Chaos Theory technique. The popular explanation is that it broke the new high to lure more buyers and then made a counter-attack to reap the leeks that chased high prices.
At present, the price of Bitcoin has fallen back to around 29,900, and has fallen back 1,600 points from the high. Many friends are worried whether this wave of rise has come to an end? This question involves the level issue. At present, it can only be said that the 4-hour upward segment has ended, but the expectation of the daily upward segment remains unchanged. From the perspective of the daily level, it is just a correction. The positions that have been reduced at high levels only need to wait patiently for the 4-hour downward segment to end and then cover the positions again.
Let's look at the 4-hour chart first. After the 4-hour chart broke through the new high, the double divergence of the yellow and white lines and the green column triggered a large correction. The new 4-hour maximum central interval is drawn. What needs to be paid attention to next is that the end of this downward section of the 4-hour chart will constitute the third buying point of the 4-hour central axis, which is also an opportunity to buy at the upward departure section. From the downward force, it is highly likely that it will fall below the lowest point of the central axis at 29,500, forming a short trap again, and then strongly pull up and burst into the short.
Looking at the 30-minute chart again, yesterday's 13th buying point of the central axis finally broke through the new high! Using the same-level decomposition perspective to decompose the market, as shown in the figure, with the end of the upward trend type after breaking the new high, the next one is the downward trend type. What we need to pay attention to is to cover the positions in batches after the buying point appears in the downward trend type.
The long-term positions will continue to be held unchanged, and the short-term high positions will be reduced patiently waiting for the buying point to appear!!!
The above analysis is for reference only and does not constitute any investment advice!