🚗 #GateSquareCommunityChallenge# Round 1 — Who Will Be The First To The Moon?
Brain challenge, guess and win rewards!
5 lucky users with the correct answers will share $50 GT! 💰
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📅 Ends at 16:00, Sep 17 (UTC)
Today is the 440th day since I started posting dynamically, and I haven't missed a single day. Each post is not done perfunctorily, but with serious preparation.
If you think I am a serious person, you can follow me, and I hope that the content I share daily can help you. The world is big, and I am small, so please follow me to avoid difficulty in finding me.
Why look at the 4-hour, 1-hour, and 15-minute candlesticks?
Dear ones, after years of struggling in the crypto world, I've seen too many people get rubbed by the market because they stubbornly cling to a single cycle's K-line. Today, I'm sharing my heartfelt skills — the multi-cycle K-line trading method, just three steps to directly grasp trends, points, and timing!
1. 4 Hour K Line: The "Dinghai Shenzhen" of trends, helping you find the right direction amidst the vast fluctuations. Don't underestimate this single K Line of 4 hours; it filters out the intraday noise, making the trend clear at a glance:
Upward trend: Highs and lows are getting higher like steps, and at this time, a pullback is an opportunity to make money, so decisively buy the dip!
Downtrend: High points and low points are sliding down all the way, and the rebounds are like crocodile tears. Don't get too excited; finding opportunities to short is the right path.
Sideways Consolidation: The price is repeatedly bouncing within a range; frequent trading during this time only results in paying fees to the exchange. It is recommended to lie back and watch the show.
Remember, in the cryptocurrency world, only by following the trend can you make a profit; going against the trend is just joking with real money!
2. 1 Hour K-Line: Precisely Locate the "Battlefield"
The overall direction is set, and the 1-hour K line is our "battle map". At this time, the focus is on finding support and resistance levels:
Trend lines, moving averages, and previous lows serve as the "moat" of the market; when prices approach these levels, there is often support, making them potential entry points. Previous highs and key resistance levels, combined with top formations, signal a retreat; it is time to take profits or reduce positions.
3. 15-Minute K-Line: The "Last Second" to Pull the Trigger
The 15-minute K-line should not be used to determine trends; it only helps you find the best entry points! Just like a sniper waiting for the prey to show a flaw, we need to wait for these signals:
A key price level shows engulfing patterns, bullish divergence, or golden cross signals; this is a good time to take action.
Pay attention to trading volume! Breakouts without volume are just tricks; they are likely false breakouts. You must see an increase in trading volume before entering the market.
Multi-timeframe combination practical mnemonic:
Set direction: First look at the trend on the 4-hour chart, whether to go long or short is clear in mind;
Draw circles: 1-hour chart marks support and resistance areas, locking in entry range;
Follow the signal: When a reversal signal appears on the 15-minute chart, decisively pull the trigger!
Guide to Avoid Pitfalls from Blood Loss Summary
When several cycles are at odds, don't force your way in; staying in cash and observing is better than losing money.
Short-term fluctuations are fast, so be sure to set stop-loss orders, otherwise you could be swept away in minutes.
Trends, position, and timing are all essential; don't rely on gut feelings and guess blindly. Using this set of methods is the way to go!