Bit One Brother Analysis Class Study Notes



Bollinger Bands Indicator
Three lines
Upper band. Middle band. Lower band. Taking four hours as an example.
The middle track serves as the dividing point between long and short positions. The upper track.
It is a bull market. The middle track is the support level, the lower track is the bear market. The middle track is the resistance level.
The large bearish candlestick that drops from above the middle track to the lower track is considered a true breakdown. A correction is about to happen.
Breakthrough to the middle track from below.
A real breakout occurs when the price breaks through the middle line from the lower line, indicating an upward trend.
It is possible to determine whether the trend is upward or downward. Look for support and resistance levels.

2

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2. The length of the shadow line must be greater than twice the length of the body. The shadow line refers to the tip of the dashed needle.
Hammer candlestick. The appearance of a hammer candlestick during a downtrend represents a reversal entry signal 📶 is coming soon.
Hanging line. The appearance of a hanging line in a bullish market indicates the end of the trend.

1) In terms of position, the stock price has fallen below the 30-day moving average for a period of time and is far from the 30-day line;

2) One day suddenly appeared a long upper shadow, the longer the upper shadow the better, the smaller the body the better, both small bullish and small bearish candles are acceptable;

3) After the inverted hammer pattern appears, the next day a reversal bullish candle must appear, and for several consecutive days, it should not break below the bottom of the long upper shadow;

4) After a rebound market appears, the general first rebound target is usually near the 30-day moving average.
Three Steps of Trading
1. Observe the trend. Look at the resistance and support levels.
2. Find the key points
3. Wait for the entry signal. Wait for the evening star and the hanging line.
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1. What level to look at
From the larger time frames. From the support and resistance levels on the four-hour and one-hour charts. Then back to the 15 and 5-minute charts.
2. When to enter the market
You can use the hammer and the hanging line at half of the shadow line. Set the stop-loss at the lowest point of the shadow line.
Wait until it breaks the resistance level before taking action. Know where to set your stop-loss and take-profit levels.
Combine with other indicators like MACD.

3
True Breakout and False Breakout
After the bullish candlestick breaks through the resistance level, it becomes the support level. Don't be afraid if the second candle shows a retracement wick.
A false breakout appears in the form of a pin or a shadow.
The box range fluctuation has broken below the solid bearish candle. This indicates a significant drop is imminent.
There is also a triangular shape

4
macd
King of Indicators
Exponential Moving Average
diff green. fast line. dea yellow. slow line. The red-yellow boundary line is called the zero axis, representing the watershed between long and short positions. Bullish signals above. Bearish signals below.
Golden cross pattern. The fast line crosses the slow line. When the market shows a golden cross, the energy bars increase, indicating an upward trend. Buy signal.
The market is experiencing a decline, and the green bearish energy bars are getting shorter. A golden cross appears, indicating a potential long position.

Death cross pattern. The green fast line crosses the slow line, indicating a pullback and drop in the market. Sell signal.
Divergence. During the price decline, the price is falling while the MACD indicator histogram is rising. A second golden cross appears. This is a buy signal.
Top Divergence. In an uptrend, the price reaches a high point and a death cross appears. The indicator declines, forming a secondary death cross pattern. Short position entry signal.
Mnemonic:
Golden cross above the zero axis. Strong upward trend.
Death cross above. Pullback in the upward trend.

Golden cross below, rebound after decline
Death cross below. Strong downtrend.

A bottom divergence appears in a downtrend market. It is an entry signal.
A top divergence appears during an uptrend. It is a short-term pullback exit signal.

5
How to find support and resistance levels
1. The more times you come into contact, the better.
2. had a strong reaction
3, can be seen at a glance
4, while acting as both support and resistance levels
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