The candlestick chart (K-line) is absolutely one of the greatest inventions in human history
Every day, everyone watches trading software—what they look at the most is the K-line chart
As long as you know how to draw lines, you can judge the market and support your trading
When I read that book about Japanese candlesticks before, I just thought the author was incredibly awesome
What a smart brain—how could they come up with such mystical techniques
In any case, for me personally, the K-line is definitely an important reference factor, aside from macro factors
Of course, the premise here is that the larger the K-line timeframe level, the higher the accuracy
Lastly, let’s talk about the market—my view is that any large bounce is still a high-probability rebound, not a V-shaped reversal
At the very least, it needs to range-bound for a few months to rebuild its stored energy. Restoring confidence takes time. After all, this round has really shaken the morale a bit. The most important next node is Q3 earnings reports
At that time, bringing out the data to speak will be more conducive to the formation of market trends
As for Bitcoin, there’s really nothing much to say—right now it’s in the bottom area. Just wait for the early stage of the bull market
Every day, everyone watches trading software—what they look at the most is the K-line chart
As long as you know how to draw lines, you can judge the market and support your trading
When I read that book about Japanese candlesticks before, I just thought the author was incredibly awesome
What a smart brain—how could they come up with such mystical techniques
In any case, for me personally, the K-line is definitely an important reference factor, aside from macro factors
Of course, the premise here is that the larger the K-line timeframe level, the higher the accuracy
Lastly, let’s talk about the market—my view is that any large bounce is still a high-probability rebound, not a V-shaped reversal
At the very least, it needs to range-bound for a few months to rebuild its stored energy. Restoring confidence takes time. After all, this round has really shaken the morale a bit. The most important next node is Q3 earnings reports
At that time, bringing out the data to speak will be more conducive to the formation of market trends
As for Bitcoin, there’s really nothing much to say—right now it’s in the bottom area. Just wait for the early stage of the bull market