Long story short: find a rectangular box
This is also my only two operating methods. The other one is triangle breakthrough. In fact, the two methods are essentially the same. There is no difference. They are both looking for boxes, but the shapes are different, which also means that their states are not quite the same, but they are similar.
The method is very simple
First, pick five or six sections. If you have enough energy, you can choose more. It depends on your preference.
I select two to three coins for each sector, such as Dragon One, Dragon Two, and Diao One. The so-called Dragon One and Dragon Two are the top two in market value or the recognized top two. Diao One is my personal name, which is the one with the largest and most exciting fluctuations in this sector.
Okay, now you have more than 10 or 20 coins in your selection.
Next, cut the candlestick chart to the daily level (at least 4 hours), zoom out, and find the box. The longer the box, the better.
So, what is a box? I personally think that it takes at least two steps to be considered as the initial appearance of the box, in plain words, there must be at least a W bottom.
If you check these twenty or so coins according to this standard, you will find that for some of them, you cannot find the box, for some of them, the box is just beginning to take shape, and for some of them, the box is particularly obvious. What should you do then?
It's very simple. You can usually find three or five boxes that are particularly obvious. Look for the ones with obviously enlarged volume. I usually operate three or four at the same time, and then buy each of them three or four times. For specific buying points, please refer to the figure below (black dots).
Then buy according to the buying point in this picture, and then wait for the harvest.
Finally, let’s talk about stop loss. It’s very simple. Let’s use the above chart again. There are two situations.
① When running within the box, the stop loss is slightly below point c. How to calculate point c? bc/ab≤113%. If it exceeds this ratio, I will stop loss.
② After breaking through the box, in principle, it should not return to the box. However, principles are meaningless to the banker. But in any case, it should not fall below half of the box, let alone fall below point C. Personally, I will use the half of the box as the first stop loss and C as the ultimate stop loss.
③If you stop loss, look for the next coin.
After talking about stop loss, let's talk about stop profit. This depends on personal preference. I usually double the principal and then leave it alone. Of course, you can calculate the top according to morphology. But I firmly believe that the bull market has no top.
Finally, I will give you some of my orders as proof.
Okay ordi, I'm so sold out hahahaha, but this is the method, I have shared it with you all, and I hope it will be helpful to you.
