Several common bottom signals
1. The arc bottom refers to the bottom shape of the average price line of the K-line when the currency price is in the low price zone. The reason for the formation of this shape is that some long funds are building positions in a small amount step by step, indicating that the currency price has found the support of the stage bottom. Its theoretical increase is usually twice the increase from the lowest price to the neckline. (Figure 1)
2. Double bottom refers to when the market and individual coins have experienced a long period of decline, there are signs of stabilization, and a double bottom shape will be formed on the K-line graph, and the trading volume will increase on the right side. At this time, once the neckline position is broken, it is time for us to boldly buy the bottom. (Figure 2)
3. The head and shoulders bottom generally appears at the bottom. After the currency price hits a new low continuously, it starts to rebound upward. After the rebound ends, it fails to continue to hit a new low, but starts to attack at a position higher than the previous low. When the currency price stands on the previous high point, that is, the neckline, the time to buy the bottom has come. (Figure 3)
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1. The arc bottom refers to the bottom shape of the average price line of the K-line when the currency price is in the low price zone. The reason for the formation of this shape is that some long funds are building positions in a small amount step by step, indicating that the currency price has found the support of the stage bottom. Its theoretical increase is usually twice the increase from the lowest price to the neckline. (Figure 1)
2. Double bottom refers to when the market and individual coins have experienced a long period of decline, there are signs of stabilization, and a double bottom shape will be formed on the K-line graph, and the trading volume will increase on the right side. At this time, once the neckline position is broken, it is time for us to boldly buy the bottom. (Figure 2)
3. The head and shoulders bottom generally appears at the bottom. After the currency price hits a new low continuously, it starts to rebound upward. After the rebound ends, it fails to continue to hit a new low, but starts to attack at a position higher than the previous low. When the currency price stands on the previous high point, that is, the neckline, the time to buy the bottom has come. (Figure 3)
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