"Develop good analytical habits"
These are some important points of the market analysis I wrote this morning when I turned on my computer and looked at the market. A good memory is not as good as a bad pen, and the same should be true for market analysis. I have been in the cryptocurrency circle for 9 years, and being able to survive is also a kind of success.
For example, you have to write down important points such as pressure support. In addition, the analysis of indicators in each time period should be written well, and the final conclusion of the combination of indicators should also be written out. This is called a time period summary. For example, I like to analyze indicators: ma ema kdj macd vol.
The time period is large, but the weekly line, daily line, 4 hours, and as small as the hourly line 30 15 5 minutes.
Weekly market minutes: K-line historical trajectory, weekly line, and daily line are enough, which basically determines the general direction of the market. If the market is particularly complex, combined with the assistance of the 4-hour hourly line, there will basically be 2-3 trends. At this time, you have to wait for the market to fluctuate for one to two days and it will enter your trend analysis range, then the general trend will be determined.
For daily market analysis: daily line 4 hours hourly line time period analysis combined, just like the market, simple results will come quickly, complex, just wait for the market to go in which trend, there will be results. But generally the daily market is not too complicated, even if there are some major data, such as non-agricultural, Federal Reserve interest rate decision, it will at most disrupt the range, and the market will not escape the weekly market trend. All data and news are in panic, is it useful? It is not very useful. It is useless, it can disrupt the market.
The skyrocketing market, it just rose enough during this time when the indicator analysis was bullish and the indicator turned from rising to falling, and it fell less when the indicator analysis fell. At any time, we must return to the market itself.
I said last week that the market this week is oscillating and rising in the range of 53,000-(60,500-61,300). As long as the market rises too close to 60,500, the market will come down. In the oscillating upward trend, to put it simply, it will take until the Fed’s interest rate decision on September 19. In the current range, it is neither up nor down. The high of 73,800 has been there, and 48,900 has also been there. Capital is making a game to cut leeks through this interest rate decision.
This week is a contract week. If you can’t make money this week, ask yourself if you are suitable for this business!
