Why did I want to go long on BTC in yesterday's video? Technical Sharing ——————
Actually, there is no need for trend lines or anything like that; just look at the strength of funds breaking through key positions.
During this consolidation process, the basic chips are around 117400, and a weaker point is around 116800. So, after confirming this position, we need to observe the K-line and the reaction of funds.
Now, here's the key: a large bullish candle breaks through the boundary line of strength and weakness, and if it pulls back without breaking, it indicates that the price will continue to rise.
If the volume fails to rise and then gets heavily sold off immediately, it shows that the bearish forces are stronger, and it may continue to test downwards.
The third scenario is when there is no trading volume or funds going up, and then a large bearish candle hits down from the resistance level, which is similar to many previous instances; if it can't go up, it will continue to test downwards or someone is selling off at high positions.
Summary: 1. Identify the boundary line of strength and weakness in the range, and pay attention to the position of the K-line at this boundary line.
2. Monitor whether the funds at the strength and weakness boundary line are surging, and if there is little trading volume, then when it approaches the boundary line, more funds surge up.
3. Keep your stop-loss in mind; your stop-loss is the large K-line or the strength and weakness boundary line.
Basically, these three days are consistent; this pattern reflects the mentality of breaking through, and the most important thing is to manage your stop-loss while trying; it doesn't matter if you go all out. #BTC重返12万 #ETH突破4300