36-Year-Old Cryptocurrency Winner's Account: Mindset is Key, Bottom-Forming Strategy for Success
Since entering the cryptocurrency space at 28 years old, ten years of ups and downs have allowed me to avoid the hardships of traditional industries and the fierce competition of e-commerce, resulting in a life of freedom and comfort. In my view, cryptocurrency investment is never about technology, but about who can maintain their composure amid volatility—this calmness is the key to my repeated victories.
Must-Learn for Beginners! High Win Rate 'Bottom-Forming' Bottom-Picking Tool
The bottom-forming pattern is known as the reversal textbook among candlestick combinations, consisting of 3-4 candlesticks, and often appears at the tail end of a downtrend. Especially when the third candlestick is a bullish one that fully engulfs the first bearish candlestick, combined with a bottom doji, it serves as a golden signal for bottom-picking!
1. Three Essential Elements of the Pattern for Accurate Bottom Identification
1. Trend Positioning: Applicable only in a clear ending phase of a downtrend
2. Candlestick Structure: Bearish Candlestick (confirmation of decline) → Doji/Small Candlestick (market indecision) → Bullish Candlestick (bullish counterattack)
3. Strength Verification: The body of the bullish candlestick must completely cover the first bearish candlestick, and an increase in trading volume is even better
2. Visualization of Bull-Bear Game
The bottom-forming pattern essentially represents the turning point of bullish and bearish forces:
- The first bearish candlestick is like a speeding car, with the decline and trading volume determining the downward momentum
- The middle candlestick resembles a sudden brake, with a brief standoff between bulls and bears
- The final bullish candlestick is like pressing the accelerator for a reversal, where the greater the rise and the stronger the volume, the higher the certainty of the reversal
3. Practical Entry Rules
When the bottom-forming pattern is confirmed, decisively follow through! If an ascending flag pattern appears simultaneously, it is considered 'double insurance'—this is not only a trend reversal signal but also an excellent opportunity to capture the main upward wave. Tomorrow, we will deeply analyze the practical techniques of the 'ascending flag' to help you accurately grasp the main upward wave!
Final Advice: Technical analysis is just a tool; true experts always navigate the market with a calm mindset.
