Attention all friends in the cryptocurrency community, a very effective method for identifying oscillations is when the moving average is almost horizontal.
For example, set a 60-period moving average on the chart. When the moving average is completely horizontal, the candlestick is basically oscillating around the 60 moving average. At this point, you can look for consolidation patterns on the candlestick chart, usually rectangular consolidation or triangular consolidation. Once the consolidation pattern breaks out, you can enter the market.
Take a look at the image below. After a period of rising prices, the 60 moving average flattens out, almost reaching a horizontal state. Observing the candlesticks, they are oscillating around the moving average, forming a rectangular consolidation.
At the tail end of the rectangular consolidation, you will notice that the candlesticks are overall rising, indicating that the trend is developing towards a bullish direction. Pay attention to opportunities for bullish breakout, and you can go long directly. #技术分析参考