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Finding buy and sell points in the cryptocurrency market is a common problem for most people. Many buy at high points and get stuck. Today, I am giving everyone a comprehensive trading pattern guide for free to help you turn losses into profits. Through rigorous testing, it has proven effective!
Usually, when we open the Binance trading software, we can see the K-line chart of Bitcoin. However, not every time and price point is suitable for trading; otherwise, it is easy to get stuck at high points. Therefore, we must wait for the bottom structure or top structure to appear, as these are the best entry points. This involves your skills and understanding. Next, I will teach you how to distinguish the bottom and top patterns from K-line shapes.
1. W Bottom
(1) Concept: The Double Bottom, also known as 'W Bottom', refers to a stock price chart pattern formed when the price reaches approximately the same low point twice in succession. The line connecting the two lowest points is called the support line. Its formation occurs at the end of a downtrend, as the selling volume of stocks decreases, and when the stock price drops to a certain level, it begins to stop falling.
1. W Bottom
(1) Concept: The Double Bottom, also known as 'W Bottom', refers to a stock price chart pattern formed when the price reaches approximately the same low point twice in succession. The line connecting the two lowest points is called the support line. Its formation occurs at the end of a downtrend, as the selling volume of stocks decreases, and when the stock price drops to a certain level, it begins to stop falling.
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