Hello everyone: I am a trader - Yangtze River
I have conducted detailed analysis from large, medium, and small cycles, at the weekly level, daily level, and hourly level. These three levels can be compared with the analysis chart I screenshot, which can be applied to medium and long-term investments as well as short-term operations.
First: In the weekly level of the long cycle, the previous three weeks have continuously closed with bearish candles, which indicates a certain retracement market, forming a downtrend. In the short term, it means to go short in accordance with the trend, to follow the larger trend and go against the smaller trend.
This week welcomes a rebound, and the particularly important place to pay attention to is the key candlestick marked with my red circle, which is the weekly candlestick opened on July 7. You can view the volume surge after the consolidation on July 7, which indicates that the funds from the institution have pushed it up, and it has crucial reference value. The lowest point of the upward surge, 107591, happens to be the support of this weekly retracement, meaning that the institution has already distributed profits at the high-level chips. Now that the weekly chart is rebounding, we can refer to the half of the entity of the bullish candlestick in the week of July 7. Why half of the entity? The content of the article cannot be explained in a moment, please follow me, I will explain in the live stream.
Looking at the chart I drew above, the price at half of the entity at 113743 has not been reached. If it does not reach this level by the end of next week, then the weekly rebound will be very weak, and it will need to consolidate. In terms of operation, you can short when approaching near 113743, with a conservative profit of at least 3000～4000 points.
Now let's take a look at the daily chart: When the daily chart opens, those who can see the pattern can immediately tell that the daily chart is a standard M-shaped candlestick combination. Currently, it has broken below the neckline, indicating a weak market trend. If the rebound does not break through the neckline, we will continue to look for short opportunities. The daily close at eight o’clock shows that the neckline level of 112000 is not stable, and it will drop further; we do not consider going long. At this point, you should also check the direction of your positions and manage your risk well.
The M head and shoulders line is a very critical reference technical shape. Breaking through the neckline resistance usually requires a significant volume increase, so if the daily level does not break above the neckline with volume, I will not consider going long. Conversely, I will look for short opportunities at high points, closely monitoring the price action near the neckline at 112000.
Let's take another look at the hourly level movement: First, look at the 4-hour level. Last night at 8:30, the non-farm payroll data was released, which directly caused a significant volume sell-off. Of course, there was a pullback before the drop. Yangtze tells everyone that there will definitely be a drop during data releases; the question is how much it will drop, and we don't care whether it’s a news-driven drop or not. Looking at the naked candlestick analysis combined with volume, it is a very standard volume decline, and it is a significant volume drop. This indicates that the market makers have no intention of bullishness at this time, and combined with the news, they are unloading. We need to pay attention to the rebound volume after the sell-off; if the volume is very low and the market cannot break above half of the 4-hour sell-off candlestick, then when the market touches the range of 111700～112000, we can start to build short positions in batches, targeting a continued drop below the 110000 mark. If it breaks below 110000, we will continue to look down to the range of 106500～108500.
Family members: Let's look at the hourly level again. Last night at 22:00, there was a direct sell-off, resulting in a nearly full-bodied bearish candlestick. This indicates that the bearish strength is very strong, and the selling volume is substantial. The buying volume is insignificant in comparison to the selling volume, so this large bearish candlestick can serve as a reference for short-term trading. The reference point is the green horizontal line at 111700, which is half of the entity. Of course, at this time, we need to pay attention to more than just one level; when we build positions, we also need to consider a resistance range that has already been provided to you at the 4-hour level, 111700～112000. If the market cannot break above 112000 with low volume, touching 112000 does not mean it has broken above; it needs to close above that level. Otherwise, the market will drop again, and you can set your stop loss above 112400.
Finally, there is a 15-minute analysis chart. The 15-minute chart shows the upper resistance range of 111700～112050, which are the first and second resistance levels. The analysis is for reference only. From the above content, I hope everyone can learn to analyze from the larger time frames step by step down to the smaller time frames. This way, at least you are not relying on a single time frame to read the market, but have more conditions to reference market trends. If you have any questions during your analysis, please follow me and leave a message, and I will reply to your questions in the comments section. The homepage chat room welcomes everyone to leave a message ❤️
I am your good friend Yangtze, I love you all just like I love myself. Thank you for your attention and support. #非农就业数据来袭 #加密市场回调 #美联储降息预期 #上市公司囤币潮
