$DOGE is consolidating quite well~wait for new highs!

How to identify and use top and bottom divergences in K-line analysis? (Episode 1) Timeline: 00:30 Basic concepts of top and bottom divergences 02:35 Continuous divergences 03:17 Techniques for identifying divergences 04:18 Time and effectiveness of divergences 06:55 Divergence is not used to determine the exact position 08:29 How to practice divergence

👆How to identify and use the top divergence and bottom divergence in K-line analysis? (Episode 1) The file limit is divided into 3 issues~#TechnicalAnalysis#MarketAnalysis #K-lineTechnology#DailyLesson#BTCTrendForecast

Good morning! Let’s start today by learning divergence!

DOGE still has room to grow. The RSI and MACD indicators have not exceeded historical records. It has now reached Fibonacci's 0.5. The next target is 0.47, and the next is around 0.6. After the adjustment, there is hope for continued growth.
$DOGE #行情分析

🌟 RSI indicator in "Daily Trading Classroom" 📈
RSI (Relative Strength Index) is a magic tool used to determine whether the market is "overbought" or "oversold"✨! It is like a barometer of market sentiment, telling you whether everyone is more inclined to buy or sell.
Simple understanding👇:
👉 Overbought:
When the RSI value exceeds 70, it means that everyone is buying frantically💸, and the price may have risen a bit too much at this time~ There may be a correction (falling down📉).
👉 Oversold:
When the RSI value is lower than 30, it means that many people in the market are selling😭, and the price may have fallen a bit too much, and there may be a rebound (rise back📈) in the future.
RSI value range: 0~100
The higher the value (above 70): it means that the buying power is very strong🔥!
The lower the value (below 30): it means that the selling power is stronger🌧️.
💡 Tips: Using RSI can help you avoid "chasing up and selling down" and better seize buying and selling opportunities~🌟

#K线技术 #每日交易课堂 #RSI指标 #技术分析 #行情分析

🌟 《Daily Trading Classroom》 on MACD Indicator 📈
Among trend indicators, MACD is undoubtedly a "must-have for beginners". It's simple, practical, and especially friendly for beginners.
Overview of MACD Basic Knowledge 👇
1. MACD Fast and Slow Lines (also known as DIF and DEA)
The correlation between the DIF fast line and price movement is stronger than that of the DEA slow line, meaning it "moves faster".
✨ Small Tips: The combination analysis of DIF and DEA hides common golden cross and death cross signals here!
3. MACD Histogram
👉 Function: Displays the difference between DIF and DEA, the positive and negative changes in the histogram reflect the strength of market forces.
✨ Understanding Method: When the histogram shifts from negative to positive, bullish strength increases; when it shifts from positive to negative, bearish strength increases.
Application of MACD Indicator 💡
Crossing of DIF and DEA
Golden Cross 🌈: The DIF line crosses above the DEA line from below, indicating that market strength may turn strong, which is a buying signal! Death Cross 💔: The DIF line crosses below the DEA line from above, indicating that market strength is weakening, consider reducing positions or selling.
Changes in Histogram
Histogram shifts from negative to positive 📈: Bullish strength recovers, and the market may enter an upward trend. Histogram shifts from positive to negative 📉: Bearish strength intensifies, and the market may enter a downward trend.
Pros and Cons of MACD 👀
Pros:
🌟 Suitable for judging medium to long-term trends, signals are relatively stable, suitable for trend following.
Cons:
⚠️ Easily generates false signals in choppy markets!
⚠️ A bit slow for short-term trading signals, suitable for friends holding medium to long positions!

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#技术分析 #K线指标 #每日交易课堂 #学习笔记 #学习打卡

Regarding this SOL candlestick, the worst it can do is surpass that small previous high of 212, with just a bit of effort it can reach a historical new high. Last night I happened to see a minute candlestick around 190 with some up and down spikes, this kind of high-level spike I have seen before, usually meant for shaking off positions, and the price will continue to rise afterwards, so I hurriedly got on board. $SOL

Preliminary results are expected tomorrow morning. The end-date options pairing can take a long position on wave fixed rates, but the current end-date options have already been priced in and are too expensive. In the short term, it can only affect Bitcoin's fluctuations by up to five points. So it's better to spend a little pocket money and bet on one side, focusing on participation.

Figure 1: 4h Bottom Divergence of ETHBTC
Figure 2: Daily K Bottom Divergence of ETHBTC
Figure 3: ETHUSDT has a chance of a rebound, with the first target around 2800, and a hopeful 3000 around November.
Figure 4: Currently, the 1-hour chart shows a structure similar to a diamond bottom, which is likely to become a continuation of the upward trend. In terms of operations, besides long contracts, one can also consider configuring a daily call option expiring tomorrow or on the 1st, betting on a recovery to above the previous high of 2770 in the next couple of days.

Bottom Divergence: Usually observed using RSI or MACD, I prefer to look at both together. As illustrated in the figure, when the price makes a new low but the indicators do not, it is called bottom divergence. Bottom divergence is usually accompanied by a market reversal.

#ETH🔥🔥🔥🔥 $ETH

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