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If what you call staring at the market only involves watching the ups and downs, you might as well save your energy and get a good night's sleep. Even after trading for ten years, it's all in vain! Sorting out 'top-bottom reversal', even rookies can make a comeback as seasoned traders. Selfless sharing, it's recommended to read it several times!
1. Judging the bottom reversal
1. Morphological composition
①Price broke through the downtrend line;
②The decline no longer sets new lows;
③The price crosses the short-term rebound high point resistance level.
Note:
The previous market trend must be a downtrend, accompanied by a bull market volume and price candlestick breaking through the resistance level.
2. Judging the Top Reversal
1. Morphological composition
①Price broke through the downtrend line;
② The rising market no longer reaches new highs;
③The price broke through the short-term pullback low point support level.
Note:
The previous market trend must be a rising market trend, accompanied by bear market volume and price candlestick breaking through the support level.#BTC #ETH