Iron Rule 1. Trend Reversal Signal: In a downtrend, a continuous series of more than 3 bullish candles rebounding, or a pullback in an uptrend that does not exceed 3 consecutive bearish candles, is a warning signal for a trend reversal.
Iron Rule 2. Oscillation Breakthrough Guide: In a volatile market, an increase in volume typically accompanies a significant breakthrough towards the end of a price stabilization phase. Buying on dips and waiting for two bullish volumes to exceed the previous bearish volume can allow for early entry.
Iron Rule 3. Holding Strategy: In a strong market, the holding strategy is simple and straightforward: as long as the daily line does not break the rising moving average, maintain positions, ignore technical indicators, and avoid being affected by high-level dullness.
Iron Rule 4. K-line Combination Interpretation: A medium bullish candle paired with two doji candlesticks usually signifies a continuation of an upward trend and is a typical bullish pattern for strong coins.
Iron Rule 5. Market Contrarian: The market often proves that the majority's views are incorrect; the smoke released by major players and market tops often occur when there is a general consensus of optimism.
As a seasoned cryptocurrency investor, I share my experiences and insights for free. Interested in the crypto world but don't know where to start? Follow me to see my analysis and guide you to achieve freedom in this bull market.