Trading does not seek extremes, only stability

To judge the trend, look at the 1-hour chart for the big direction; to judge the rhythm, look at the 15-minute chart for entry points. First, let's talk about how to see the 1-hour trend. There are three simple methods: First, look at the moving averages. With the 50 and 200-period moving averages, if the price is above the moving averages, with the 50 line on top and the 200 line below, and both are rising, then it’s an upward trend; conversely, it’s a downward trend. If the price is moving back and forth around the moving averages, then don’t trade. Second, look at the highs and lows. In an upward trend, each high is higher than the last, and each low is also higher; in a downward trend, each high is lower, and each low is also lower. If the highs and lows are messed up, it indicates a trend change, so stop trading quickly. Third, draw trend lines. During an uptrend, connect the lows of the pullbacks; as long as the price is above the line, the trend is intact; during a downtrend, connect the highs of the rebounds; if the price is below the line, the trend still holds. If the line is broken, the trend may reverse. Next, let’s talk about how to catch the rhythm on the 15-minute chart, which also has three methods: First, look at support and resistance levels. In an uptrend, wait for the price to pull back to the previous low, the 50 moving average on the 15-minute chart, or near the 1-hour trend line; if it stabilizes, you can enter; in a downtrend, wait for the price to rebound to the previous high, and if it stops rising, you can short. Second, look for MACD divergence. In an uptrend, if the price pulls back to a new low but the MACD does not make a new low, it means the pullback is almost over; in a downtrend, if the price rebounds to a new high but the MACD does not make a new high, it means the rebound is almost over. Third, look at the candlestick patterns. In an upward trend during a pullback, if there’s a long lower shadow hammer or a bullish candle that engulfs a bearish candle, it’s a good signal; in a downward trend during a rebound, if there’s a long upper shadow shooting star or a bearish candle that engulfs a bullish candle, then be ready to enter. Remember a few key points: first look at the 1-hour trend, then look at the 15-minute rhythm, and both directions need to be consistent. If the trend is right, even a slightly wrong rhythm will still earn you some profit; if the trend is wrong, no matter how good the rhythm is, it’s useless. Don’t always think about buying at the lowest or selling at the highest; being close is good enough. In a trend, entry points are near support or resistance levels, and with confirmation signals, it’s good. The trend is the big direction, the rhythm is the entry point; look at both together, and then add in the position control and take-profit/take-loss strategies mentioned earlier, and you can trade more steadily. $BTC $ETH #ETH突破4600 #CPI数据来袭