Chaos Theory Analysis 8.09: BTC rose as expected, and the 4-hour upward line segment has appeared!

一生一心缠论说 · 2023-08-09T00:01:16.000Z

The trend of BTC is as analyzed and deduced by this account before. In the early morning, it once again broke through 30047 and reached a maximum of 30244. The current price is 29792. Let’s first take a look back at the strategy given on August 7th the day before yesterday. At that time, it was clearly stated that the logic of the buying point in the third section of the 4-hour center has not changed, and positions will be covered near 29,000. Yesterday afternoon, at the community firm reminder meeting, it broke through 30047 points and went up for 4 hours, and it has been realized now. The market has materialized, and the focus now turns to the question of when this 4-hour upward line segment will end! Judging from the strength of this wave of gains, it is high-volume. There is a high probability that it will not finish, and may even challenge the high of 31,800 to complete the upward stretch of the daily level.

The trend of BTC is just as analyzed and deduced by this account before. It broke through 30047 again in the early morning and reached a high of 30244. The current price is 29792.
Let's first look back at the strategy given on August 7, the day before yesterday. At that time, it was clearly stated that the logic of the third buying point of the 4-hour central axis has not changed, and the position was covered near 29000. Yesterday afternoon, the community firmly reminded that it would break through 30047 points and move up in the 4-hour period, which has been realized at the moment.
The market has been realized, and the focus of attention has shifted to the question of when this 4-hour upward line segment will end! Judging from the strength of this wave of increase, it is a large volume, and it is very likely that it has not been completed, and it may even challenge the high point of 31,800 to complete the upward segment of the daily level.
No guessing, no prediction, everything is based on the current structure, structure is king, and indicators are trimmed.
Let's look at the 4-hour chart first. As the price breaks through 30047, the 4-hour upward segment has appeared. Judging from the MACD's rising volume, this upward segment has not been completed, and it has just left the bottom consolidation range. This account insists on the prediction of breaking through 31800.
This buying point of the 4-hour pattern has a resounding name in our Yiying Chan Theory: Funnel Strategy. Its connotation is very simple, and it has been shared many times before. It is to break the lowest point of the center to form a short trap and then pull back.
Let's look at the 1-hour chart. The reason why we choose the 1-hour chart first is that it is clearer than the 30-minute chart. At present, the third buying point of the central axis is rising upward without divergence. The most likely trend in the chart is: the central axis will withdraw downward after the end of the segment and will not enter the central axis after the third buying point, and will continue to rise. Therefore, if it breaks through 30244 again today or tomorrow, short-term positions can be appropriately reduced, and wait for the callback to the buying point before covering. Long-term positions remain unchanged.
The above analysis is for reference only and does not constitute any investment advice!