How does PA understand market structure? (Market Cycle)
PA believes that the market continuously cycles between trends and ranges. In other words, when prices are not in a trend, they are in a range.
Trends can further be subdivided into strong breakouts and channels, where strong breakouts represent strong trend strength, while channels indicate that the trend is beginning to weaken.
In Figure 2, from left to right, strong breakouts represent strong trends, which turn into narrow channels after a pullback, weaken into wide channels still with a slope, and finally evolve into parallel ranges.
After passing through these four structures in a bullish trend, it reverses into a bearish trend, ultimately entering an infinite loop.
The structure is going well. The daily line rebounded successfully after testing 200 and is now at the key price. Break through and wait for a pullback / If blocked, fall back to test support. Unpredictable. Follow the price execution plan (edited) #PendleV2
#BTC 24 is good, it indicates that BTC is close to the lower edge of the descending channel, and short sellers will choose to short here. It is still relatively accurate at present.
According to previous expectations, the price has now reached the upper edge of the downward channel. The bears will definitely look for opportunities to short, and the bulls will also choose to take profits at this position. The momentum indicator has shown overbought and is currently in a correction.
4H continues to maintain a bearish trend. The price has reached a key price, long-term moving average resistance + horizontal key resistance, and a low 2 pattern appears, a micro double top. If 6W is not stable, then there is a high probability that the bearish trend will continue to fall. The falling target will first look at 5.66w.
Daily line closed a large volume shadowless positive line on the 8th, a bull surprise bar, which usually represents the consumption of short-term bullish power, testing the long-term moving average resistance at the daily level, and then closed with a negative + a cross star. If the daily line closes at the lowest today, the long upper shadow line + closing at the lowest will be a good bearish signal K.
If it was before, I would say that left-side trading or right-side trading is just a matter of personal choice. Just accept the pros and cons of different trading. You can't have everything.
But I now have a new understanding. As an individual trader who wants to survive in the market, right-side trading is the only way out. Right-side trading will continue to wear out under certain market conditions, and it will continue to wear out for a long time, but after all, it is just wear and tear. The nature of left-side trading is that it is difficult to withstand multiple consecutive losses.
HK has a warning message, which is dedicated to promoting anti-fraud and legal knowledge. Today, I will write a coin news to popularize some necessary risk awareness.
In the currency circle, you must learn to lower your expectations, which can help you avoid many pitfalls.
If you think that a 20% return per year can satisfy you (this number is very high in traditional finance), then you will not dream of a hundred times or a thousand times the return, and naturally you will not take huge risks to do 50x 100x high-leverage contracts.
You will not see some borderline women who are setting up their own personalities, and be attracted by her continuous profit sharing, and then enter her private domain high-leverage contract to take orders, without setting stop losses and finally blow up the whole warehouse.
You will not spend thousands of U to learn technical analysis from the so-called master, and finally learn a mouthful of professional terms, but do a terrible job in trading and he will be PUA and say that you don’t understand, and evade you with a sentence that does not constitute investment advice. Do you know that in the same position, the master’s technical school and trading volume can be analyzed by ten people in ten different ways?
It is your greed that tempts you to be used by these people with ulterior motives. You are lustful, greedy, and lazy, and there is always a sickle waiting for you.
When you are incapable, do spot trading honestly, don't do FOM, study technology seriously (accumulate for a long time), and combine with fundamental knowledge, who can cut you?
At worst, you can go back and buy some US stocks, at worst you can only buy government bonds, and at worst you can make a large deposit in the bank, who can cut you?
Man, the financial market is cruel, it never creates value, it just moves risks and money from one person's pocket to another's pocket.
To be cut or not to be cut, which one do you want to do? It all depends on your thoughts.