Wedge

The wedge pattern consists of two trend lines, one rising trend line and one falling trend line. These two trend lines will gradually converge. Taking the rising wedge as an example, the price may continue to hit new highs, but the momentum gradually weakens, and the distance between each new high and the previous high gradually decreases until it loses momentum and turns downward. Investors can sell when it falls below the lower trend line. If the price returns to the lower trend line, it is judged as a failed rising wedge and stop loss and exit.

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Rectangular pattern (box, box type)

Rectangular pattern is a waiting pattern. After the market has consolidated between relatively fixed support and resistance levels, the long and short game will eventually result in a breakthrough to one side and the next wave of market. Taking the following figure as an example, investors can conduct interval operations after the market has tested the support and resistance, sell high and buy low, and if the price breaks through, they can reverse and follow the trend; or wait for the market to break through and then open a position. If the price returns to the rectangular area, it is judged as a failed rectangular pattern breakthrough, and stop loss and exit.

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Ascending triangle pattern

It is a strong pattern waiting to change. In the process of narrowing the amplitude, the bottom of the ascending triangle pattern will gradually move up, indicating that the bulls have the upper hand. When the price breaks through the top of the triangle, it usually indicates that the market will continue to rise. If the price returns to below the upper trend line, it is judged as a failed ascending triangle pattern and stop loss and exit.

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#今日市场观点

Triangle pattern

Triangle is a waiting pattern. After the market experiences triangle convergence, the long-short game finally comes to a conclusion, and then breaks through the range and moves out of the next wave of market. Triangle patterns can be divided into three types: symmetrical triangle, ascending triangle and descending triangle.

As shown in the figure below, the market encounters resistance after a round of rise, the top gradually moves down, and the bottom gradually rises at the same time, and the two sides narrow to the middle by roughly the same amount. Finally, the power of one party pushes the price to break through in one direction and move out of the corresponding market. Taking the figure below as an example, investors can use the distance from the first top of the symmetrical triangle to the lower trend line as the target distance after the breakthrough. If the price returns to the lower trend line, it is judged as a failed triangle pattern, and stop loss and exit.
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#今日市场观点
Double bottom/triple bottom pattern

Double bottom/triple bottom is also a reversal pattern, which is opposite to the double top/triple top pattern and usually indicates that the market will turn to decline. The standard double bottom pattern consists of two low points, and the positions of the two low points are close. When the price experiences a round of decline, it touches the first low point of the double bottom (bottom 1) and encounters support and rebounds, but is blocked and falls back at the neckline position. When it returns to the position similar to the previous low (bottom 2), the bulls will exert force again and break through the neckline (the triple bottom pattern will fall back to the previous low once again). At this time, the double bottom pattern is confirmed and the market will turn to rise.

In general, breaking through the neckline can be determined as the position for long positions. The theoretical rising target (satisfaction point) is the distance between the bottom low point and the neckline. If it returns to above the neckline, it is determined to be a failed double bottom/triple bottom pattern, and stop loss is exited.

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Common Patterns in Morphology 3: Double Top/Triple Top Pattern

Similar to the head and shoulders top, the double top/triple top is a reversal pattern, which usually indicates that the market will turn to a decline. The standard double top pattern consists of two high points, and the heights of the two high points are similar. When the price has experienced a round of rise, it touches the first high point of the double top (top 1) and encounters resistance and falls back, and gets support and rebounds at the neckline position, but when it reaches the position similar to the previous high (top 2), the shorts exert force again and break the neckline (the triple top pattern will rebound to the previous high once again). At this time, the double top pattern is confirmed and the market will turn to a decline.

In general, breaking the neckline can be determined as the position for shorting. The theoretical falling target (satisfaction point) is the distance between the top high and the neckline. If the neckline is crossed again, it is determined to be a failed double top/triple top pattern, and the stop loss is exited.

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The head and shoulders bottom is the opposite of the head and shoulders bottom. When the price has risen for a certain period of time and a certain amplitude, it begins to repeat and test the resistance level. The head and shoulders bottom pattern consists of three low points, the middle low point is the lowest (head), and the two low points on the left and right are relatively low (shoulders). When the price breaks through the neckline connected by the support points, it usually indicates that the market will turn to rise.

In general, breaking through the neckline can be determined as a long position. The theoretical rising target (satisfaction point) is the distance between the head low point and the neckline. If it returns to the neckline, it is determined to be a failed head and shoulders bottom pattern, and stop loss and exit.

Common patterns in behavior 2: head and shoulders bottom pattern

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BOME
It has been going strong recently
You can see 0.012

It is a perfect fulfillment of this wave of analysis.
The next thing we need to worry about is the high point ahead.
It's best to just hold the cost. #BinanceTournament #小韭社区 #合约锦标赛 #feedfeverchallenge #BTC

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Big pie short-term trading opportunities

Let me tell you about the current situation. The continuous correction in the past few days has reached the strong support position in the past month, which is roughly around 27000. If there is a reversal signal here, you can consider intervening in long orders. You can see that it is near the high point. The profit-loss ratio is also very suitable.

If the market directly breaks through this position, please pay attention to the weekly line. The weekly line forms a head and shoulders bottom position. If the market goes back, consider backtesting to this neckline position, which means a head and shoulders bottom plus an upward trend line is formed near 25,000. Superimposed rising demand,

Therefore, if the market falls below this level, you can consider opening a short order to close to 25,000 and take profit.

Wait for the reversal signal to come out and intervene in a weekly level long order,

Ethereum rises strongly

Consider a reversal signal near the falling trend line and intervene in long orders?

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