I can say that I have used 80% of the methods and techniques in the market. If you want to make cryptocurrency trading your second job and use it to support your family, sometimes you can listen more and watch more, and you will find some things beyond your cognition, which can at least save you 5 years of detours!
How to judge whether a currency has formed a breakthrough? You can start from the four aspects of volume, price, time and space:
1. Volume: Before the troops move, the food and grass must go first. The initial volume increase in the formation of the trend is an indispensable link, especially the first volume increase after a long period of sideways trading, which requires our focus. However, this is not the best entry point. Generally, after the trial market callback and the main force washing the market, the second volume increase is our real opportunity;
2. Price: Generally look at the closing price. No matter how ups and downs the process is, if the closing price can be stable, it means that the main force is serious! This is the key to distinguishing true and false breakthroughs. In summary, if the closing price can be above the pressure level, the probability of a true breakthrough is greatly increased;
3. Time: Before the breakthrough occurs, the price should have experienced a long period of time. The time of shrinking sideways trading should be more than 3 months, and the concentration of chips should be less than 10%. Only in this way can the main force of the currency absorb chips fully, and the subsequent pull-up will have stronger explosive power;
4. Short: Find the key pressure point. The pressure point here may be the starting and falling position of the previous large-volume adjustment, or it may be the W bottom, the neckline position of the head and shoulders bottom, or the integer level of the currency price. As long as the pressure point is clear, once the currency price breaks through, the room for increase can be easily measured;
The above 4 dimensions are the basis for judging the sideways breakthrough. In order to deepen everyone's understanding, I decided to share with you some of the currency trading notes I wrote in my own handwriting and treasured for many years. Each summary condenses the essence of my countless days and nights of review. Giving roses to others will leave a lingering fragrance on your hands. Share dry goods from time to time! Like, follow and forward are the greatest support!