Preface:
Many people analyze currencies and make orders
Can't always tell the trend
Leading to round-trip loss
Let me help you solve this problem today
As long as you can learn
Not to mention how much money you make
But at least I am not confused and I will not enter the market blindly.
Then I will show you my analysis in the form of pictures and texts.
Since uploading pictures will compress the image quality, save them to your phone for viewing.
Let’s analyze it based on the current market situation of BTC
When we analyze the trend of a currency
Top-down analysis
First look at the daily chart of BTC
Why look at the sky map?
First, we need to determine where the price is at a large level.
If it is at a relative bottom or high, we need to look at the direction based on the price trend.
In this way, we can determine which orders we should focus on and never make orders against the trend.
What does it mean not to make counter-trend orders?
If the current trend is a big bear, only short and not long, this is not to do counter-trend trading.
If the current trend is bullish, only go long and not short, do you understand?
Then you will ask, I don’t understand whether it is more or less now?
Look down
1. If you have studied price action
In the picture you can see that the price has made an isolated high.
The price has tried to break through this high point several times but failed.
Subsequent price decline
Then the price will have several trends at this position:
1. Walk between the green and blue lines
2. The price falls below the blue line and a relative reversal occurs
3. The price breaks through the green line position and breaks through this position
Obviously, the third trend is a failure now. The price has tried to break through many times and failed.
The second price is still far away from this position and it is impossible to reach this position immediately.
No need to consider
The first is the current price trend, which is also in line with our judgment
The information read from the daily chart is that the current general trend needs to be bearish.
This is the first way to determine the direction of the trend, using price action.
2. Index resonance
Just open a MACD and see if it is diverging.
For those who don’t know how to read MACD, we will make a video later to explain it in detail.
Now the indicator also tells you that you need to go short
Open our fast line, middle line, slow line moving average and take a look
The current level of the moving average cannot be shorted, telling us to wait and see
However, since the moving average is a trend indicator
The hysteresis is very large
Then we can go down a level and see
Open the 4-hour chart and look at the fast line, mid-term line, and long-term line
The position of the green arrow is the short position arrangement
Then you would say that the red arrow is not a short arrangement.
If you learn the Granville Moving Average Rule
You will find that this is a very simple and clear small breakout structure.
Then these two methods are enough to distinguish the market trend.
Are you asking if there is any other way?
have
But no need to say so much
We come to this market not to know more than anyone else.
Know more than anyone else
To put it bluntly, everyone is here to make money.
You only need to know one of the above and be able to practice it firmly.
This is enough for you to identify the trend. Don't bite off more than you can chew.
We will analyze the Tiantu here
Next is our focus
When we see the current price trend on the daily chart, it is bearish
Retreat to a smaller level to find our entry point
As I said earlier, we are mainly shorting now and we only do orders that follow the trend.
Now I'm only looking for short opportunities.
Don’t consider long opportunities
Analysis Method 1: Price Action
Isn't it very simple and clear at a glance?
After the price fell below the green trading range
Bounce off isolated highs
Subsequent price attempts to breakout from isolated higher highs fail
It's an opportunity to short
At the current 4-hour level, Pinbar is formed twice at the isolated high point
Is this the Pinbar strategy that I often talk about with a very high winning rate?
The profit-loss ratio from this position to the low point of the range is also 2R to 3R
It was also a very successful transaction.
Analysis method 2: moving average
The moving averages of the fast, middle and slow lines tell us that the price is already in a short position at the green arrow.
Combined with key bit signal
You may not dare to enter the market at the first two circled positions, and it does not conform to the moving average system.
But you still don’t dare to enter the last circled position?
You can always seize one out of three chances, right?
It doesn't matter if you can't catch it three times
Now the short position is arranged and the rebound continues.
Can we analyze it at a smaller level?
able
But I won’t talk about it today. I’ll talk about it next time.
Because our theme today is to make trading easier
Summarize:
If you're not that technically proficient
I don't understand multi-period analysis.
Unable to do small cycle orders
I can’t do short-term day trading.
The daily chart and 4-hour chart are also a good choice
Although the waiting time is longer
There are few trading opportunities.
But it is easier and clearer to read the market
You can make orders with a little technical knowledge
But many people fail because they don’t want to wait
Dislike the long transaction cycle
Can't hold the order
I also dislike the profit and loss ratio.
I also feel that I earn too little.
It's like you are ugly, fat and have acne all over your face.
You always want to find a beautiful and exquisite wife
Also requires people to keep in shape every day
Can we first look at our own conditions?
You need to have a clear positioning
If the technology is not good
Let's learn a technique to take root first
Start with a slightly larger cycle.
The noise of large cycles is relatively less
Don’t think about how much money you can make.
First stabilize and don't lose money
Slowly improving my technical skills through learning and practice
It’s better than not being able to understand the trend and getting liquidated every day.
Rough words but true
Then through the analysis of the above technology
The latest trend of BTC
Are you bullish or bearish?
Leave your thoughts in the comments section
See if we resonate
I am Coach Panda, who is good at making complex issues simpler.
What do you want to see next time? Tell us what you want to see next time.
