$BTC

Teaching someone to fish is better than giving them a fish. Hello everyone, this is Nose Brother.

Feeling bored and stuck, here's some valuable content for my followers. Do you often find it hard to grasp the market trends? Not sure where the support and resistance levels are?

Today, Nose Brother will teach you about the so-called 'trading techniques' of paid bloggers, which are actually quite basic. You just need to understand moving averages and MACD. My trading skills are average; I can only make profits in contracts with sufficiently liquid coins like Bitcoin, but ended up losing everything in altcoins.

Without further ado, the so-called trading cycle involves looking at the 4-hour and 15-minute charts. If you're day trading, you need to check the 5-minute chart. Set the moving averages to EMA21, EMA55, EMA144, but I mostly just look at EMA21.

What is trend trading? Open the 4-hour chart to see if the overall trend is up or down. It's quite obvious that it's trending up, so we engage in trend trading, which gives us the best chance, meaning we go long.

The various values in the Fibonacci sequence exist as support levels. When the MACD fast line crosses the zero line, that’s the starting point, and the highest point is the endpoint. You can clearly see that 65800 is a support level. If this level breaks, you should wait for the 0.618 level at 64593. The 0.618 level indicates that this upward momentum is almost coming to an end. If it breaks below 0.618, you might as well stop considering whether to go long; those who should deliver food should do so, and those who should tighten screws should tighten screws. You shouldn’t gamble at 0.5, but would you dare to gamble at 0.618? Ask yourself honestly.

Of course, gambling isn’t mindless. Timing your entry is crucial. I usually like to look for bullish engulfing patterns on the 15-minute chart. You can learn about specific reversal candlesticks by searching on Bilibili. If the body breaks down without any signs of stopping the decline, then cut your losses and exit.