How to judge the reversal of the weekly line of the cottage
First, let's see which stage it is in now?
To make big money, we still need to look at the cycle and trend. It is currently in the early stage of the cycle (it is not ruled out that there will be a FUD in the middle). Now we must do something, make plans, accumulate chips, find our favorite projects and get more chips at low prices.
Last October, my point of view told you: the cottage will not run synchronously with the big cake. Facts have proved that I am right. Then how do we judge which targets have reversed first on the weekly line?
At the beginning of this year, I kept telling you that the big bull market of the cottage currency has not yet arrived. For those who bought at low levels, hold on to the chips in your hands and ignore the short-term decline📉
For example, let’s look at the weekly reversal:
NEAR is the start of October🈷️
I switched the weekly EMA20 line to the 60-day line
1⃣️First, the bottom appears higher and higher. The daily line boundary, the weekly line looks at the trend, the daily line looks at the buying point structure, and the 4-hour buying point is found. The small level drives the large level
2⃣️The long-term downward trend line is a correct and effective breakthrough and retracement without breaking the low point. It is also possible to use the 2B structure to build a position
3⃣️The volume at the bottom is large: the volume and price are moving together. After the price breaks through, it does not fall below the bottom point after a large amount of
4⃣️The price stands on the EMA20 weekly line for the first time, and the retracement to the weekly line is confirmed to be effective. Then the EMA weekly line begins to turn upward, and the price quickly leaves the shock zone, tests the previous high and falls back, and retraces the double moving averages of 60 and 20. The price does not fall below 20 and 60, and then the moving average crosses for the first time. This is a highly certain re-entry position close to q1un + Wei: BTC158268
Coins that have reversed on the weekly chart:
NEAR has the most beautiful trend
LINK COMP GRT PEPE RIO ICP YGG RAY
You can find others using this method
Of course, there are more data sets to increase your confidence