Bitcoin analysis 20220919 with Chinese unique theory-Chan
https://www.tradingview.com/x/EBm2RK1g
1
Using the theory of Chan to analyze Bitcoin price movements.
Firstly,please forgive my poor English,I havent uesed English to express since high school.
It is conceivable that there will definitely be many mistakes in my description.
2
It is difficult,even tough for me to exactly express what my saw and mean,because in Chan there are many original terms,they are very useful to help you figure out what is going on in market,but not that easy to understand.
I will try my best to get this done.
3
On the other hand,my kid level English may help me to clarify the Chan in concise and straightforward language,which is better for foreign friends to know what is Chan and how it works.
The theory of Chan,Mathematical Principles of Market Philosophy,referred to as Chan
4
Ihere is the chart of btc,the yellow and red lines in the figure mean trend of removing noise or price movement of removing noise.
conclusion1:no doubt btc is in down trend,the red line downward
the problem is that BTC drop ends or not?
5
conclusion2:bottom has appeared or bottom is builting
conclusion3:in the foreseeable future,bitcoin price will back to 30-40k
When?hard to say or hard to use English to express,only to know,it will happen after the bottom finishes its structure.
6
detail of the chart,some possibility ,pay attention to the keypoint 1 or 2.Anyway,bull market will come,no matter how it finishes the bottom.
In Chan,we do not guess,we just response the market,respect whatever it come to us.
7
By the way,what I mean bottom is forming/builting,not means that price doesn't fall.Actually it need to fall ,so you can distinguish that the strength of the decline is fading.Bears are getting weaker ,oters' panic is not rational.
1
Using the theory of Chan to analyze Bitcoin price movements.
Firstly,please forgive my poor English,I havent uesed English to express since high school.
It is conceivable that there will definitely be many mistakes in my description.
2
It is difficult,even tough for me to exactly express what my saw and mean,because in Chan there are many original terms,they are very useful to help you figure out what is going on in market,but not that easy to understand.
I will try my best to get this done.
3
On the other hand,my kid level English may help me to clarify the Chan in concise and straightforward language,which is better for foreign friends to know what is Chan and how it works.
The theory of Chan,Mathematical Principles of Market Philosophy,referred to as Chan
4
Ihere is the chart of btc,the yellow and red lines in the figure mean trend of removing noise or price movement of removing noise.
conclusion1:no doubt btc is in down trend,the red line downward
the problem is that BTC drop ends or not?
5
conclusion2:bottom has appeared or bottom is builting
conclusion3:in the foreseeable future,bitcoin price will back to 30-40k
When?hard to say or hard to use English to express,only to know,it will happen after the bottom finishes its structure.
6
detail of the chart,some possibility ,pay attention to the keypoint 1 or 2.Anyway,bull market will come,no matter how it finishes the bottom.
In Chan,we do not guess,we just response the market,respect whatever it come to us.
7
By the way,what I mean bottom is forming/builting,not means that price doesn't fall.Actually it need to fall ,so you can distinguish that the strength of the decline is fading.Bears are getting weaker ,oters' panic is not rational.
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