The trend of BCH is relatively strong, when other currencies have not yet gone out of trend.
BCH has gone out of trend
Judging from the weekly chart, the price trend after coming out of the consolidation range
After a strong 90-degree rise, it returned to the upper track of the range.
The trend is very good
You don’t need to be so big on short-term contracts within that day.
Just focus on what is trending at the moment.
The 1-hour level is now an uptrend and is an effective breakthrough from the previous high.
Pay attention to the trend of the white line segment in the picture
1. If you are good at making trend pullback orders, wait for the price to effectively break through the high point again.
Wait for the callback before entering the market, as shown in the picture
2. If the price makes a complex adjustment at this position, then pay attention to the price trend to see which one is consistent. Just buy the long position at the key position of the white line and see if the subsequent price trend will go out of the 2.0 trend.
(If you cannot break through this high point, you can make a short-term short order to take advantage of the trend pullback. If you don’t understand it, it is not recommended to make a counter-trend order.)
3. If you like to make a breakthrough order, you need to be able to identify whether the high point is a real break or a false break.
as the picture shows:
Notice:
1. No matter how the price goes, if you have a strategy to deal with it, you won’t panic.
Nor will I enter the market blindly.
2. Of course, you also need to look at what level of order you are making.
3. But you must know whether you are doing a follow-the-trend order or a counter-trend order.
Which trend goes with the trend, and which trend goes against the trend?
The above is all the technical analysis. Analysis is analysis, but the price trend may not go according to the analysis.
Then you need to rely on yourself to distinguish the price status and then place the order.
The above does not constitute investment advice, and you are responsible for your own profits and losses when entering the market.
The above only uses price action analysis without adding any other techniques.
If you have the ability to analyze, don't look at mine, trust your own analysis
Your analysis is the most correct and correct.
If our analysis resonates, that's best.
Thank you for your attention and likes.
