$BTC Price trend: 96,100 ──▲ (support) ── 98,500 (current price) ── 100,743 (resistance) Operation: 1. Go long when the price falls back to around 98,000, stop loss at 97,500, target at 100,743. 2. Go long after breaking through 100,743, stop loss at 99,500, target at 102,000 Risk warning: Strict stop loss is required in highly volatile markets to avoid carrying orders.
$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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1. Randomly choose a random altcoin; 2. Flip a coin to decide the direction; 3. Write the following copy: Do (Do/Kong) $■■ immediately! (The exclamation mark ❗️ is a must, it enhances persuasiveness) Then add some obscure terms, like golden cross, oversold, double top, divergence, etc. (It doesn't matter if you get it wrong, the internet has no memory), and professionally package the copy; 4. Publish the article, then just wait for the content mining commission on Thursday.
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