The rules of survival in the currency circle! 10U survival rule: First buy a set of Ele.me clothes from a certain group and rent a battery car. Start a takeaway life 100U survival rule: Choose 2 pre-sale native dogs and stud them. Thanks to my honest life and work, I have earned a lot of money as a young model in the club. 1000U survival rule: Find hot coins and invest in them. Buy whichever one is more popular, you really can’t sign up for the contract! 10,000 U survival rule: Find 3 potential coins to buy and wait for the skyrocketing! For example, AI section, layer 2 section, and Meme section! 100,000U survival rule: every time there is a correction, invest in 5 potential coins, such as AI sector, layer 2 sector, Meme sector, platform currency sector, btc ecological sector 1 million U survival rule: stop playing with coins. I go to stake the star projects Renzo, Puffer, and Swell every day, and earn hundreds of thousands of U directly after the market opens. I have an income of 1-2 million a year. 10 million U survival rule: Stay flat ~ buy the bottom when it crashes, and sell at the high point. If nothing happens, pledge it. If you are bored, go to the popular project Jiajia Pool 100 million U survival rules: Make whatever you want, or give me some. If you can’t help it, just click follow + fans.
Many people may ask, where is the new high for ETH? Yes, it is indeed not there yet, but it will reach a new high soon. This is my prediction for the upcoming market, just like I said last month that Bitcoin would break new highs.
Yes, I also said that Dogecoin is strengthening, AAVE is strengthening, and low-position coins will experience a rebound. These have indeed happened. Dogecoin soared at the beginning of the month, Bitcoin hit a historical high approaching 100,000, many coins have risen. I said DOT would easily return to 10, and it indeed returned to 10. You complain that ETH hasn't risen enough, but it has also risen from 2500 to 3700. Additionally, ENS surged, XRP surged, UNI doubled, and although ARB and OP only rose a little, they are already gaining strength. A surge is already a high-probability event.
BTC: The big cake touched the 90,000 mark for the first time today. Although it couldn't stabilize, the overall trend is very strong. In this strong upward market, do not blindly guess the peak. The short-term has just tested around 85,500, and note that this is a normal pullback in a bull market, not a shift to a bearish trend. Tonight, pay attention to the pressure range at the 88,200 level; after breaking through, it is likely to continue rising. ETH: It has already shown a trend of catching up. Tonight, pay attention to the small-level pressure near 3,360; after breaking through and stabilizing, it will continue to rebound. DOGE: Overall, it is showing an independent upward trend. The small-level pressure is around 0.42; pay attention to the breakout situation tonight.
As we have observed, when the market reaches significant support or resistance levels, it often rebounds or breaks through (except for false breakouts, of course). Clearly, if you can predict the market's direction, you can reap substantial profits. Unfortunately, the market is unpredictable, but the benefit of technical analysis is that various chart patterns often recur. If you can learn to identify such patterns, such as when they begin to form, you can often gather clues about the next price movement. Remember that such patterns are by no means foolproof and can only serve as a guide to the market's future direction.
Behind every big market trend, there is always a major key event. No one may pay attention to this event at the time, but looking back many years later, this event will always be mentioned repeatedly. On May 22, 2010, a programmer named Laszlo Hanyecz exchanged 10,000 bitcoins for two pizzas. This event marked the first time that Bitcoin was used for real-world transactions and Bitcoin began to have value. In October 2010, the first public mining machine Open CL was created, and the price of Bitcoin subsequently rose from $0.06 to $1 for the first time in February 2011.
After a long-term decrease in trading volume, the 13-day moving average starts to flatten out after a decline. Once the price reaches the 13-day moving average, it gradually rises with a series of small upward candles, easily pushing the price up to the 55-day moving average. We refer to these continuous small upward candles as 'Ants Climbing the Tree.'
It generally appears in the bottom area of the price, marking the start of a strengthening trend. I. Characteristics of the 'Ants Climbing the Tree' pattern 1. After a long-term decrease in trading volume, the moving averages start to flatten out. 2. When the price reaches the short-term moving average, it gradually climbs with a series of small upward candles, pushing the price up to the long-term moving average.
"Breakthrough, retracement, confirmation" to distinguish retracement and regression
Trading breakouts can be dramatic because momentum often weakens after a breakout, which leads to an interesting phenomenon: price retraces back to near the breakout level. A pullback to previous support and resistance levels is called a "retracement" or "pullback," and this is when the risk of entering a position is minimal. To simplify the explanation, we will use the word "retracement" instead of the other two terms from now on. In terms of support and resistance, when we are in an uptrend, a retracement is when the price drops from a high point to near the previously broken resistance level. Conversely, a rebound in a downtrend is when the price rises from a low point to near the previously broken support level.
20-Day Moving Average Strategy, the Simpler, the More Effective
The way of heaven is called yin and yang, the way of earth is called softness and hardness, the way of humanity is called benevolence and righteousness, the way of the market is called balance of short and long. Below, we will discuss the 20-day moving average strategy, which even beginners can understand.
1. Judging short-term trends
When the 20-day moving average turns upwards, it indicates an upward trend in the short term; when the 20-day moving average moves down, it proves a downward movement in the short term; if the 20-day moving average moves slowly or approaches the average, it indicates that the short term is entering a small range of oscillation. When the price of the currency shows a bullish arrangement in the short term, the 20-day moving average is rising, and the K-line is above the 20-day moving average, it supports and strengthens the subsequent trend of the currency price. When the price shows a short-term pullback, it becomes a good buying point.
When these 5 bottom formation signals appear, the market is about to rise.
The more the market struggles, the more interesting it becomes. If it doesn’t struggle, it becomes stagnant. This gives rise to some complex bottom patterns, rather than achieving a sudden 10X or 20X market trend, which is unrealistic. Through analysis, the following 5 types of bottom patterns are all precursors to the main forces initiating a market trend. 1. V Bottom This bottom pattern is like a V shape, quite cunning. It quickly builds a bottom during the decline and then rapidly rebounds to form a V bottom pattern, which can be established in just a few days. By the time everyone reacts, the price has already risen significantly.
An important tool for judging market trends: support and resistance levels
Support and resistance levels are commonly used to judge market trends and are an important method of technical analysis. However, we cannot visually see the support and resistance levels on the candlestick chart, so we need to draw lines to assist in analysis.
1. What is a support position When the price of the coin undergoes one or several rounds of decline and reaches a certain price level, buyers take this opportunity to buy at a low price, resulting in an increase in buying and a decrease in selling, causing the price of the coin to stabilize after the decline. In simple terms, the support level refers to a point that prevents the price of the coin from continuing to fall. The market may continue to consolidate or may start to rebound.
The contour lines of snail shells, the logarithmic spiral of human ears, the golden ratio, and the proportions of the microscopic structure of the human world are all closely related to the magical Fibonacci ratio. Since stocks fall within the realm of human collective activities, it is generally believed that the stock market must adhere to the same growth spiral. 1. Fibonacci Characteristics (1) The sum of any two adjacent numbers equals the next number after them, for example, 5 and 5, the next is 8. (2) Apart from the first four numbers, the ratio of any number to its adjacent next number approaches 0.618; similarly, the ratio of the next number to the previous number is approximately equal to 1.618, and the larger the number, the closer it approaches 1.618.
Finally someone explained MACD clearly, even a novice can understand it
The use of MACD indicator is very simple. You just need to remember one formula: the relationship between two benchmark lines. Here the benchmark refers to the zero axis, and the two lines are DIF and DEA, which are the fast line and the slow line. You only need to find the one that changes quickly with price changes, called the fast line, and the one that changes slowly is the moving average, referred to as the slow line. Next, we will directly describe the cross relationship between the fast line and the slow line between the zero axis in 4 ways. 1. Above the zero axis
When the fast line crosses the slow line upward, it also becomes a golden cross. The currency price moves upward with the market. At this time, the overall market forms a bullish arrangement, which is a bullish buy signal.
Generally speaking, in an upward trend, shorter-period or steeper moving averages will remain above longer-period or flatter moving averages. It is not hard to imagine that this is because flatter moving averages have a longer reaction time to trends. For example, in the figure below, during an upward trend, the 10-day moving average is at the top, followed by the 20-day moving average, and then the 50-day moving average below it. In a downward trend, reversals are generally valid, as shown in the figure below, where the 50-day exponential moving average is at the top, followed by the 20-day exponential moving average, and then the 10-day exponential moving average below it:
6 phrases to thoroughly explain the essence of moving averages, even beginners can understand
1. The annual line turns downwards, preparing for the old bear.
When the annual moving average turns downwards, it indicates that the market will enter a long adjustment period, commonly referred to as the entry of the old bear, representing at least a six-month trend.
2. The annual line turns upwards, decisively buy on the pullback. When the annual line of the cryptocurrency price is moving upwards, it indicates that the market is gearing up, waiting for the price to pull back, which is a good entry point, at least a one-year trend. When the price stabilizes above the annual line, various potentials will be showcased.
There is a famous prospect theory in behavioral finance. The most famous idea of prospect theory is that decisions depend on reference points. So what is the reference point? For example, if the company increases your salary by 3,000 yuan this month, are you happy? You must be happy to get an extra 3,000 yuan. At this time, your reference point is your previous salary. But after a while, you find that your colleagues all got a raise of 4,000. I believe you will not be so happy, because the reference point then becomes your colleagues' salary. So, whether you are happy or not depends on what your reference point is.