There is a very foolish way to trade cryptocurrencies that almost guarantees 100% profit. I made over 20 million using this method! It's suitable for everyone!
1. Look at the K-line
Use colors to distinguish the direction through Yin and Yang.
Yin: Downward movement, solid line, represented by green in China and red internationally.
Yang: Upward movement, hollow line, represented by red in China and green internationally. If you connect the Yin and Yang lines, it's easy to see the direction.
Look at the size of the body, which is the middle column representing the difference between the closing price and the opening price. The greater the difference, the stronger the upward or downward momentum.
Based on the fluctuation range between the opening and closing prices, K-lines can be classified into extreme Yin, extreme Yang, small Yin, small Yang, medium Yin, medium Yang, and large Yin, large Yang types. The fluctuation range for extreme Yin and extreme Yang lines is about 0.5%; small Yin and small Yang lines typically fluctuate between 0.6% and 1.5%; medium Yin and medium Yang lines generally fluctuate between 1.6% and 3.5%; and large Yin and large Yang lines have a fluctuation range of over 3.6%.
Look at the length of the shadow lines. The shadow line is the thin line above and below the column, indicating the difference between the highest and lowest prices of the day and the closing price. The longer the shadow line, the greater the resistance. A longer upper shadow indicates greater resistance to upward movement, while a longer lower shadow indicates greater resistance to downward movement.
2. Patterns and Positions
There are mainly two types of investment patterns in the cryptocurrency circle: long-term patterns and short-term patterns. Generally, investors pay more attention to long-term patterns because short-term patterns tend to move within a relatively small range, and the data reflected is not substantial. They are also easily influenced by various factors, making it difficult to accurately grasp and ultimately get lost in numerous influencing factors.
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