Greomar González

Key points for judging reversal pattern signals

In trading, the key feature of a reversal pattern is that after the balance of the pattern is broken, the price fluctuation direction is opposite to the previous trend. To judge a true reversal signal, the following key points are required:

Obvious trend market: This is a necessary prerequisite for judging a reversal pattern. Before the reversal signal appears, the market must have a clear upward or downward trend. If the previous trend is vague, the possibility of the pattern becoming a reversal pattern is small. Note that the non-directional trend of sideways fluctuations is not a prerequisite for a reversal pattern.

Effective breakthrough of important trend lines: In the judgment of reversal patterns, this is an important signal, which means that the trend formed over a long period of time may reverse. In the process of completing most standard reversal patterns, the previous pressure line or support line will be effectively broken. If it is not broken, be wary of false reversals.

Volume requirements for bottom reversal: If the reversal signal appears at the bottom, the volume needs to gradually increase in the second half of the upward breakthrough. Reversal is often accompanied by huge volume. The better the volume and currency price match, the greater the possibility of reversal.

Influence of time span and fluctuation amplitude: The larger the time span and fluctuation amplitude of the reversal signal, the greater the fluctuation amplitude of the market. Generally, the longer the price reversal pattern takes to brew and the larger the fluctuation range, the higher the possibility of a large-scale market after completion.

Although there are reversal signals that can be summarized, market reversals are still unpredictable and accidental. In trading, you should always pay attention to trends, grasp the characteristics of trends, prepare for trading plan deployment, and be fully prepared for reversal markets.

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Bybit was stolen. When new users invest in virtual currencies, please note:

Choosing an exchange:

1.1 Choose one that holds a compliance license from a mainstream country (such as the United States, Japan, and the European Union) to reduce regulatory risks.

1.2 Confirm that cold and hot wallets are isolated, and most assets are stored in cold wallets.

1.3 Give priority to platforms that regularly disclose third-party audit reports (such as Merkle Tree proofs).

1.4 Check the exchange history to see if it has been hacked and compensated.

Account security:

2.1 Use Google Authenticator or hardware keys (such as YubiKey) for strong secondary verification, and prohibit SMS verification.

2.2 Set a unique password of more than 12 characters, including uppercase and lowercase letters and symbols, and change it regularly.

2.3 API transactions only grant "read" or "trading" rights, and withdrawals are prohibited.

2.4 Use dedicated equipment, install VPN or encrypted network, and do not install irrelevant software.

Fund operations:

3.1 Test the first withdrawal of a small amount to verify the address and process security.

3.2 Deposit large amounts in hardware wallets (such as Ledger/Trezor) and leave trading funds in the exchange.
3.3 Enable login reminders and freeze accounts when unfamiliar IPs are found.
3.4 Manually enter the official website domain name, do not click on the link, and check the SSL certificate.

Investment awareness:
4.1 Reject high-yield scams and stay away from derivatives on informal platforms.
4.2 Understand the tax and legality policies of cryptocurrencies in your country.
4.3 Use conditional orders (Stop-Loss) to automatically stop losses and prevent emotional liquidation.
4.4 Independently verify the news, do not follow the trend or KOL recommendations.

Emergency preparation:
5.1 Handwrite private keys/mnemonics, store them in a fireproof and waterproof manner, and do not take screenshots or store them in the cloud.
5.2 Preset profit and loss values, regularly evaluate exchange risks and transfer assets.

In short, exchange security is a matter of probability. We need to diversify risks (multi-platform + hardware wallet), take proactive measures (2FA + independent password), pay attention to market trends, and flexibly adjust strategies.
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#莱特币ETF Speaking of $LTC spicy strips, we have to mention the promotional slogan of Bitcoin Gold, Litecoin Silver, and Infinite Copper. The project parties in the currency circle know how to market. As the vanguard of Bitcoin, spicy strips were very important in the past. However, since the emergence of Ethereum Layer 2, Binance ecology, and the ecology on the new public chain, the significance of spicy strips is not as great as before. It is more because of the old mainstream currency, so it is held and known by many people. I personally prefer the creation of an ecosystem, just like the Binance platform coin, which takes all the benefits of the entire ecosystem.

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