Analysis and judgment of different cycles
Long-term: The long-term defined by Yiming refers to a cycle of more than 3 years. The long-term bull market in the crypto market still exists. The current retracement will not affect the future results, because the Federal Reserve will cut interest rates one day. The process of interest rate cuts and the one-year period after the interest rate cut will bring a large amount of incremental funds to the crypto market.
Monthly line: The monthly cycle can only be regarded as the scope of the medium-term in the trading market. From a monthly perspective, May is likely to be a correction of the medium and large Yin line.
Weekly line: The weekly line has entered the scope of short-term trading. This week has reached a new low, but there are new lows below the new low.
Daily line: Yiming believes that this is the smallest unit of short-term trading. The style of this time unit switches quickly, and Yin-Yang conversion often occurs. Retail investors are also easily misled by false signals.
Before trading, figure out what you want? What cycle you are in, just trade according to the trend of that cycle. Don't transplant flowers and trees. It's wrong to use the long-term thinking to do short-term or the short-term strategy to do long-term.
Knowing yourself and the enemy, you can win every battle. If you don't know yourself, how can you win?
