How to Capture the Starting Point of an Uptrend
1. Bottom Formation
There are many types of bottom formations. The chart shows a candlestick bottom combination pattern. You can also judge using W bottoms, head and shoulders bottoms, triple bottoms, rounded bottoms, etc.
2. Significant Volume Increase
As the saying goes, volume precedes price. Volume is the driving force behind the rise in cryptocurrency prices; the larger the volume, the higher the success rate. This volume increase is not ordinary; it should be at least three times the usual volume.
3. Indicator Resonance Golden Cross
The golden cross resonance of technical indicators across different time frames is an important basis for judging short, medium, and long-term trend rebounds. It is essential to master the judgment techniques proficiently.
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