At 3:30 PM, I saw the 5-minute chart of ZEC form 8 cross patterns, and when I checked the 4-hour chart, the downward trend was still ongoing. I thought there was a high probability of another major drop. Sure enough, as soon as I went short, the price started crashing, and I happened to be right.
The Ethereum rebound is relatively weak, decisively short 10% of the position. If it goes up, you can add more, and pay attention to position management.
The RSI value reflects the strength of the upward trend relative to the downward trend in the short term. In other words, the larger the RSI value, the stronger the upward trend relative to the downward trend; the smaller the RSI value, the weaker the upward trend relative to the downward trend. 1. RSI Bullish and Bearish Signals RSI > 50 is considered a bullish market; RSI @ 50 is considered a bearish market.
2. RSI Reversal Signals RSI > 80 indicates overbought conditions and may reverse downward; RSI @ 20 indicates oversold conditions and may reverse upward. 1. When the RSI forms an M top or head and shoulders top pattern above 80, it is considered a downward reversal signal, and selling is recommended, as shown in the figure below:
2. When the RSI forms a W bottom or head and shoulders bottom pattern below 20, it is considered an upward reversal signal, and buying is recommended, as shown in the figure below:
Are the main forces washing or dumping? A glance at the intraday chart reveals all.
The essential internal logic of washing and dumping: Washing the盘: Making retail investors willing to sell their chips even at a loss (creating panic); Dumping: Making retail investors willing to buy chips even when the price of the currency is high (creating greed).
Washing The price of the currency continues to fluctuate at a low level, and after breaking through the resistance level, it continues to fluctuate:
The following classic washing intraday chart appears simultaneously:
The price of the currency shows a slight rise, then falls below the yellow moving average, and continues to fluctuate downwards, inducing retail investors to short and cut losses, facilitating subsequent rises. Dumping The price of the currency continues to fluctuate after rising to a high level:
The trading volume shows these 6 major abnormal signals, and the market will experience a significant reversal
Signal 1: Trading volume decreases, but the coin price rises sharply Signal 2: Trading volume decreases, but the coin price falls sharply
Signal 3: Trading volume increases, but the coin price does not show significant fluctuations
Signal 4: Trading volume decreases, but the coin price shows significant fluctuations
Signal 5: Trading volume decreases, but the rise in coin price increases Signal 6: Trading volume decreases, but the decline in coin price increases
Real case analysis:
Number 1: Volume and price rise synchronously, the volume-price relationship is normal; Number 2: Volume increases while price decreases, the volume-price relationship is abnormal, the bearish force surpasses the bullish, and it appears at the resistance level, likely leading to a reversal; Number 3: Trading volume increases, but the decline decreases, the volume-price relationship is abnormal, a large amount of buying occurs, buying pressure increases, likely leading to a reversal;
The King of Indicators MACD - The Most Comprehensive Three Functions
Components of MACD: Fast line DIF, Slow line DEA, Zero axis, MACD bars Function One: Determine Trend When both the DIF line and DEA line are above the zero axis, it indicates that the market is in a bullish trend; If below the zero axis, it indicates a bearish trend. Function Two: Determine Buy and Sell Timing When the DIF line crosses above the DEA line to form a golden cross, it's a buy signal; When the DIF line crosses below the DEA line to form a death cross, it's a sell signal.
Function Three: Identify Divergence Bearish Divergence: The price is in an uptrend, but the MACD indicator is falling, indicating that the price may reverse downwards; Bullish Divergence: The price is in a downtrend, but the MACD indicator is rising, indicating that the price is about to reverse upwards.
Is it possible that while I'm watching the market, a beautiful retail investor sister wearing glasses with a golden wire frame and dressed in formal attire suddenly appears, gently holds my hand and says, "Sister, buy this, I'll pull you up."
I came across a photo of myself studying trading knowledge two years ago. I am now an experienced trader who has gone through several bull and bear markets. I advise everyone to study trading knowledge well, so you can lose less. $ETH
$BNB missed bnb, missed Binance life, missed szn, missed stands, missed ama, pay more attention to sister and brother's updates, more useful than anything else
The first time in Macau, I experienced a few things, and suddenly had a sense of déjà vu. Upon reflection, I realized this is none other than the cryptocurrency world.
Who understands, shorting at the 3900 position on Ethereum, holding the position until now, staying up late every day just to watch the market and only able to play games, who can be as miserable as I am? $ETH