How to judge the trend of the new K-line coin price based on the closing market
First, the coin price fluctuates sideways throughout the day, and starts to rise near the closing, indicating that the main force has started to build a position after a day of observation, and the new K-line must rise.
Second, the coin price suddenly drops sharply near the closing K-line, and the closing K-line makes a long upper shadow line pattern, indicating that the main force is shaking the warehouse, and there will be continuous rises in just a few trading days.
Third, the closing K-line breaks through the daily line consolidation box and there is a burst of volume released, indicating that the main force has completed the position building, and the market will rise sharply in the future.
Fourth, the coin price fluctuates downward throughout the day, and the closing K-line turns red after stepping back on the trend line, and finally leaves a long lower shadow. If the new K-line of this type of variety opens, it is more likely to pull the main rising wave.
Standardized formula, process replication, rules can be followed!
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