Cryptocurrency Moving Averages + Candlestick Seven Essential Techniques, If You Can't Learn Don't Say Trading with Moving Averages + Candlesticks Seven Essential Techniques: Trend Signals All Depend on This Set, If You Can't Learn Don't Say Trading!
If you want to grasp the trend in the cryptocurrency market, you must understand the combination of moving averages and candlestick patterns. Seven classic patterns almost cover the entire process of bull and bear games, don't be deceived by the surface, just remember the following points:
1. Line Suppression:
Prices are pressed down by the downward moving average, and the probability of continuing to fall is high; it's best to short with the trend. Unless you see the moving average turning into support, never forcefully top out.
2. Line Support:
Prices adhere to the moving average and rise steadily. It's best to follow and go long; don't be scared off by slight pullbacks because the line support is meant to make impatient people exit.
3. Line Range:
Prices repeatedly coil around the moving average, direction is weak, and it's easy to get washed out; patiently wait for direction before taking action.
4. Jump Line:
Suddenly deviating from the moving average but quickly returning. It could either be a market acceleration or a bait for more buying or selling; the key is to watch the support and resistance after returning to the moving average, don't rashly follow in.
5. Break Line:
Prices fly away from the moving average, the deviation is too large, and a correction is likely. If it has risen too much, watch for a pullback; if it has fallen too much, watch for a rebound, and wait for it to return to the moving average before considering entering.
6. Pullback:
After breaking above the moving average, it confirms support by retesting; an effective pullback is a good buying point. Breakthroughs without a pullback may continue to rise, but most will come for a confirmation.
7. Rebound:
After breaking below the moving average, a bounce confirms resistance; an effective rebound is a selling point, and be cautious of a direct accelerated decline if there’s no rebound.
Still not sure how to proceed?
Why not join Teacher Hash to lay in advance, planning potential coins ahead, don’t chase peaks and kill dips anymore.