Those who understand the basics also know how it might move.
Similar to the last metaphor of carving a boat to seek a sword, this is another false breakout, the second push during the decline, and this is one of the reasons why some people watch 5W/4W.
If it really moves like this, after the second push, it will basically be close to the bottom.
$BTC
余三水
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If you can't understand the trend, just list a few moving averages for assistance.
But the focus should still be on "support/resistance".
The arrangement of moving averages is only a reference for the trend and is not suitable as an entry and exit signal.
For example, although $ETH shows a bullish arrangement on the 4H chart, it is still in a large bearish arrangement on the 1D chart.
Currently, it is still considered just a pullback in a major downward trend.
To break this situation, it will require a breakthrough on the 4H chart, and only after another range breakout can we determine that a reversal in the major cycle has begun.
Pay attention to 2275 and 2238 for $ETH in the short term.
These are the levels that were previously short-term support. Let's see how the pullback behaves this time after the drop. If it can form a breakout of the oscillation range again, it might be worth trying to enter again.
If you can't understand the trend, just list a few moving averages for assistance.
But the focus should still be on "support/resistance".
The arrangement of moving averages is only a reference for the trend and is not suitable as an entry and exit signal.
For example, although $ETH shows a bullish arrangement on the 4H chart, it is still in a large bearish arrangement on the 1D chart.
Currently, it is still considered just a pullback in a major downward trend.
To break this situation, it will require a breakthrough on the 4H chart, and only after another range breakout can we determine that a reversal in the major cycle has begun.
余三水
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$ETH This wave 4H has already broken through the range, and if it goes down further, there's really no way out.
At the same time, it is accompanied by the real emergence of the daily K, looking up to 2390 first.
Here you can reduce your position, and then the stop loss has gone up.
$ETH
余三水
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$BTC If all goes well, it should be in the range of 79200 - 81000.
From the perspective of the upward trend, my sister-in-law $ETH is leading the way, hoping to move forward without hesitation and not to have another false breakthrough.
$BTC If all goes well, it should be in the range of 79200 - 81000.
From the perspective of the upward trend, my sister-in-law $ETH is leading the way, hoping to move forward without hesitation and not to have another false breakthrough.
$BTC was held at 79 on the 4H chart yesterday, failed to break through, and did not generate a signal for long positions.
However, yesterday's lower shadow also broke down but reclaimed, still at the 75 level.
Currently, I have entered some bottom positions, hoping to form a double bottom like the left side of the chart. If you prefer a conservative approach, just wait for the double bottom to complete and break through before entering.
The pancake steadily falls into the gray box in the picture.
However, based on the current K-line, I personally believe it hasn't finished falling and there should be another downward bottoming phenomenon, like the "small gray box" on the left side of the picture.
Is the next surging commodity crude oil, natural gas/coal, or chemical products?
According to the order in this chart——
Is it now the early transition from the second phase to the third phase in the chart?
Or is the second phase (industrial demand confirmation phase) still dominant, but there are early signs of the third phase (energy cost transmission)?
The code for crude oil in TradingView is USOIL
From the market perspective, crude oil is still in a low-level fluctuation, and the key condition for a reversal should be a breakthrough at 65, stabilizing after entering this range.