$BTC has been liquidated again. I woke up in the middle of the night to use the bathroom and saw so many messages; it feels like the sky has fallen. Sigh, I don't know what I was doing. I shorted at 73k and got liquidated after losing over 1700u midway, then I shorted again at 79k and lost another 1400u. I will not operate against the market anymore; never think about selling at the top and buying at the bottom.
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Note: Please do not brainwash yourself or invest your own money, otherwise the commission will be completely lost ❤️
The top pattern of the K-line can be distinguished from the following aspects:
I. Common top K-line patterns
1. Shooting Star
Features: The K-line body is small, the upper shadow is long, and there is generally no lower shadow or the lower shadow is very short.
Meaning: It shows that in the process of rising market, the buyer's power is gradually exhausted and the seller begins to exert force.
2. Inverted Hammer
Features: The K-line body is small, the lower shadow is long, and there is generally no upper shadow or the upper shadow is very short. It is a top signal when it appears at a high level. Meaning: It suggests that the upward trend may end and the market is about to reverse and fall.
3. Evening Star
Features: It consists of three K-lines, the first day is a positive line, the second day is a small real body K-line (can be a positive line or a negative line), and the third day is a negative line, and the negative line body is deep inside the positive line body of the first day. Meaning: It is a relatively strong top reversal signal, indicating that the market may begin to turn from rising to falling.
4. Dark Cloud Cover
Features: It consists of two K lines, one positive line on the first day and one negative line on the second day. The opening price of the negative line is higher than the highest price of the positive line on the first day, and the real body of the negative line is more than half of the real body of the positive line on the first day. Significance: It shows that the market has shown signs of short-selling after the rise.
2. Technical indicators to assist judgment
1. Trading volume
During the formation of the top pattern, the trading volume may be abnormally enlarged, which is often a signal of the main force to ship. Subsequently, as the stock price falls, the trading volume gradually shrinks.
2. Moving average
The price may gradually move away from the long-term moving average in the high area, such as the 60-day moving average, the 120-day moving average, etc. When the stock price begins to return to the moving average, it may indicate the formation of the top.
3. Relative Strength Index (RSI)
The RSI indicator usually appears overbought in the top area, that is, the value is higher than 70. When the RSI falls back from the overbought area, it may indicate that the market is about to peak.
3. Notes
1. Multiple patterns confirm each other
A single K-line top pattern is not necessarily reliable, and should be judged comprehensively in combination with multiple patterns and other technical analysis methods. For example, if the evening star and volume enlargement, RSI overbought, etc. appear at the same time, the possibility of the top will increase. $BTC $ETH $SOL
Entry Price: 568.5💰. Take Profit Price: 575🎉. Stop Loss Price: 565😟.
Strategy Explanation: The current price is close to the support range of EMA(25), and RSI(6) is also close to the relatively strong range. If the price stabilizes further and increases in volume, it is expected to test the upper resistance level of 575 in the short term💹. The take profit price is set at 575, which is the short-term target price. Once this point is reached, profits can be taken and exited😃. The stop loss is set at 565 to prevent further declines after breaking the support.
Expected Maximum Return: If the price reaches the take profit target (575), the theoretical return is about +11.43%💹.
This seems to be a very promising investment! 🎯RSRUSDT | Long | 10x💪
Entry: 0.006058💰 Take Profit: 0.0066🎉 Stop Loss: 0.0058😟 Maximum Yield: 89.40%💹
However, investment inevitably comes with risks. The cryptocurrency market is highly volatile and uncertain, and prices can fluctuate significantly, potentially leading to investment losses. Before making any investment decisions, you should fully understand the market risks and make informed decisions based on your risk tolerance and investment objectives.💡 $RSR
- Current Price 69623 is close to the short-term EMA (7) 69,688.4, below the medium-term EMA (25) 70,105.0, and above the long-term EMA (99) 68,497.9. This indicates that the price is between the short-term and long-term moving averages, with an unclear trend.
2. Relative Strength Index (RSI) Analysis
- RSI(6) is 41.1, which is in a relatively neutral position, neither in the overbought nor oversold zone, indicating that there is currently no significant pressure of excessive buying or selling in the market.
3. MACD Analysis
- DIF is -195.6, DEA is 3.9, and MACD is -199.6. The MACD is negative, suggesting that the short-term trend may be weak.
4. Volume Analysis
- Current trading volume Vol is 7,163.8310, which is lower than the 5-day moving average volume MA(5) 12,167.1095 and the 10-day moving average volume MA(10) 39,255.1406. The relatively low volume may indicate that market trading activity is not high.
In summary, the current market is in a rather ambiguous state, lacking a clear direction. If considering going long, one can observe whether the price can break through the medium-term EMA (25) and hold above it; if successfully broken, entering the market can be considered, with a stop-loss set below the short-term EMA (7) and take-profit determined based on resistance levels and risk-reward ratios. If considering going short, one can wait for the price to break below the long-term EMA (99) to confirm the downtrend before entering the market, with a stop-loss set above the recent high and a take-profit similarly determined based on market conditions. However, it is important to note that making trading decisions solely based on these indicators involves risks and should be combined with other technical analyses and market fundamentals for a comprehensive judgment.
- The current price of 570 is below the long-term EMA (99) of 587.11, and above the medium-term EMA (25) of 581.74, indicating that the price is at a relatively middle position, and the trend is not very clear.
2. Relative Strength Index (RSI) Analysis
- RSI(6) is 28.57, which is generally considered to be in the oversold area when the RSI value is below 30, indicating that there may be some rebound demand in the market.
3. MACD Analysis
- DIF is -5.80, DEA is -5.03, MACD is -0.76, and the MACD histogram is negative, indicating that the short-term trend may still be weak.
4. Volume Analysis
- The current trading volume Vol is 54,203.6200, which is above the 5-day moving average volume MA(5) of 42,492.6000, but below the 10-day moving average volume MA(10) of 92,416.7600. The changes in volume also reflect the uncertainty in the market.