In the bull market of the cryptocurrency circle, it is the best solution to wait for a pullback and buy on dips. Once the bull trend shows the "double ten road", it means that the adjustment has ended and the next wave of main rise is about to come. I hope this strategy will help you!
What is a double cross?
The double cross star is a K-line combination with the following characteristics:
1. Consists of two K lines;
2. The first K-line is a medium-sized or large-sized Yang line;
3. The second K line is a long cross star, located on the right shoulder of the big Yang line. The cross star can be Yin or Yang. We call this special combination a Yang line right shoulder cross star.
Interpretation of the Double Cross K-line
1. If the price of the currency is at a relative bottom, this combination is a typical upward attack pattern. The long cross star is an upward attack relay, which plays a role in washing the market. You should intervene in time;
2. If this combination is in the main rising stage, it will act as a wash, take a breath, accumulate energy, and then attack upward. At this time, you should intervene in time;
3. If this combination appears in a high-price zone with a huge increase, it is a peak signal and you should exit in time.
The right shoulder cross star of the positive line has different meanings in different environments, and determines our operations differently. This is something we must pay attention to.
What does the double cross represent?
1. The right shoulder of the Yang line is long, and it is crazy in the long stage. It is a wash in the main rising stage, and it is accurate to cut in;
2. After a moderate increase in volume at a low level, a long positive line (or daily limit) appears. At the same time, the trading volume is supported by an upper cross positive volume, and it immediately rushes to chase the rise.
3. The first day is a long black candlestick, and the next day is a positive candlestick, which engulfs the first day’s long black candlestick. You can buy after the closing of the second day’s daily candlestick.
4. The first day closes with a positive line, and the second day K line goes up first and then down, closing with a long upper shadow (BTC2% or more) and a cross line (either positive or negative), and the trading volume is enlarged. Often the third day's K line will use a long positive line to eat up the second day's daily shadow line. Investors can buy after the second day's pattern is established, and there will be returns.
5. BTC relies on the bottom pattern (V-shaped, W-shaped, arc bottom) to impact the large moving average, that is, the monthly line. If it breaks through with large volume, it will directly retrace at the resistance position of the breakthrough or buy on the rise. It is a winning K-line pattern that is undefeated by bulls and bears.
6. In a mid-term or above market, there will usually be seven consecutive days of positive daily lines, becoming the leader. Investors can buy near the breakthrough resistance position on the third day. There is still a rise of more than 10% in the future, which is a winning strategy for short-term experts.
Details and conditions required for the “Double Ten Points” pattern:
1. A pullback occurs during the rise, which is a signal of a wash;
2. When the callback occurs, the trading volume decreases;
3. Two cross star patterns appear at the bottom;
4. The cross star corresponds to the lowest trading volume, which is a bottom signal;
5. Enter the market when a positive line with large volume appears;
