In the cryptocurrency world, survival is always the first principle. When there is a danger of hindering this principle, all other principles should be abandoned. No matter how much you have earned or how many times you have made a profit, as long as you lose once, all the previous profits will be returned to the market.
Every time a transaction is successful, we are actually just taking a small step forward, but as long as we suffer a loss, we will take a big step back.
In the process of cryptocurrency trading, there are things that you never thought of that could cause you to lose money. To decide whether to stop loss, you can ask yourself this question: If you enter the market now, can you accept the current price? If not, don't hesitate, stop when you should, and leave when you should.
Survival is more important than making money. Only long-term and stable profits can make you the last one laughing. Pursuing huge profits without considering risks will eventually be forced to exit the market because of a huge loss.
The presence of these 5 signals in trading volume is a sign of a sharp drop, so quickly escape the top
1. Top volume and price characteristics. When the price of a currency has already risen to a certain extent, the price of the currency rises rapidly on a certain day, the trading volume increases sharply, and a huge positive or negative line is closed. This is often a sign that the dealer is selling, and traders should follow and exit in time.
2. A large negative line with large volume at a high position. If the price of the currency has risen significantly in the previous period, a large negative line with large volume on a certain day indicates that the main force is fleeing at any cost, and traders should exit in time.
3. Long positive line with large volume at high position. The price of the currency has risen greatly in the previous period, and a lot of profit has been accumulated. If a large positive line is closed with large volume on a certain day, it means that the market divergence is increasing, and traders can gradually reduce their positions. If the price of the currency reverses the next day, they can clear their positions.
4. High volume with shadows. High volume with shadows means high stagnation and the market is about to reverse. Traders should be cautious in holding coins and gradually reduce their positions. The shadows here can be cross stars, upper shadows, lower shadows, etc.
5. The price of the currency has increased significantly in the short term. In a certain period of time, the positive K-line turns into a large negative K-line, and the volume is enlarged. Traders should leave the market and wait and see.
The above is the high-level volume-price relationship shared today, one of the essential skills for escaping the top!
BTC has been fluctuating around the 27100-27250/28600-28800 range in the past 79 days.
During this period, it maintained a high level of 29600 for about 8 days, and the support level of 27100-27250 was strong.
This morning around 4:00, BTC touched the low of 27262, and then started to fluctuate and touch the high. The early trading was weak, and it explored the 27600-27800 range three times in a row, and was pressed down by 27700.
Before and after the European session opened, BTC hit the bottom of 27437 and began to rise
Before and after the opening of the U.S. market, after hitting the bottom of 27517.7, the intraday lows gradually rose, and the bulls became stronger. At present (21:13), the volume has slightly increased to challenge the upper limit of the 27600-27800 range. It is currently trying to stabilize at 27800!
In this round of healthier rebound, the probability of a second step on the 27100-27250 line is retained!
Support levels: 27100/27250/27300
Pressure level 28000/28200/28600/28800
The current narrow range of fluctuations is 27500-27800
Operation suggestion: Return to 27100-27250 to cover the position 1-2
If it falls below the 27100-27250 platform, then add 3-5 positions in the 24800-25500 range, and then choose to lie flat and let the main force perform!
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