Crypto Circle News
June 18 Hot Topics:
1. Sun Yuchen's father invests $100 million in TRX to take control of a US stock company, SRM Entertainment will be renamed Tron Inc.
2. Digital ophthalmology company Eyenovia invests $50 million to establish HYPE reserves.
3. Coinbase announces the launch of the Spark (SPK) token, labeled as "experimental asset."
4. JPMorgan Chase will pilot the issuance of the JPMD token on the Base chain, marking the first time commercial deposits are put on-chain.
5. Trump will sign an executive order to extend the TikTok sale deadline by 90 days.
Trading Insights
Understanding candlestick language during trading can yield great results. Below is a comprehensive guide from single candlestick patterns to trend trading strategies! You will definitely find it useful!
I. Core Secrets of Single Candlestick Patterns
Bullish Signals
① Long bullish candlestick: Strong bullish control, appears at low levels or marks a reversal point.
② Bullish candlestick with shadows: Long upper shadow indicates resistance, long lower shadow indicates strong support.Bearish Warnings
① Large bearish candlestick: Bearish pressure, caution for trend reversal at high levels.
② Long lower shadow bearish candlestick: After bearish pressure, bullish counterattack, hidden turning point.Special Patterns
① Long doji star: Bull-bear stalemate, key position reveals or triggers trend storm.
② Hammer/Inverted hammer: Reversal signal at the end of a trend, tool for bottom fishing and top escaping.
II. Winning Strategies for Candlestick Combinations
Combination Patterns | Occurrence Scenarios | Trading Signals
--- | --- | ---
Morning Star | End of a downtrend | Actively go long
Evening Star | Top of an uptrend | Timely go short
Three White Soldiers | Continuation of an uptrend | Buy on pullback
Three Black Crows | Continuation of a downtrend | Sell on rebound
III. Trend Positioning Trading Rules
- Uptrend: Rely on trend lines/moving averages, buy when the pullback stops falling.
- Downtrend: Touch resistance level and stagnate, decisively go short at rebound highs.
- Consolidation Phase: Focus on breakout with volume support, chasing the trend is more secure.
LIFE IS LIKE
A JOURNEY ▲
Below are the real trading signals from the Big White Community this week. Congratulations to the friends who followed along. If your trades are not going well, you can come and test the waters.
Data is real, each trade has a screenshot from the time it was sent.
**Search for the public account: *Big White Talks Coins*
BTC
Analysis
Bitcoin's daily chart fell from a high of around 107,700 to a low of around 103,300 yesterday, closing around 104,500. The support level is around 103,750; if broken, it could drop to around 101,600. A pullback can be used to buy near this level. The resistance level is around MA14; if broken, it could rise to around 107,350. A rebound to this level can be used to sell short. MACD shows increasing bearish momentum. The four-hour support level is around 104,200; if broken, it could drop to around 103,450. A pullback can be used to buy near this level. MACD shows decreasing bearish momentum.
ETH
Analysis
Ethereum's daily chart fell from a high of around 2,620 to a low of around 2,450 yesterday, closing around 2,510. The support level is around 2,490; if broken, it could drop to around 2,410. A pullback can be used to buy near this level. The resistance level is around MA30; if broken, it could rise to around MA200. A rebound to this level can be used to sell short. MACD shows increasing bearish momentum. The four-hour support level is around 2,510; if broken, it could drop to around 2,480. A pullback can be used to buy near this level. The resistance level is around MA200; if broken, it could rise to around MA60. A rebound to this level can be used to sell short. MACD shows increasing bearish momentum.
Disclaimer: The above content is personal opinion and for reference only! It does not constitute specific trading advice and does not bear legal responsibility. Market conditions change rapidly, and the article may have some lag. If you have any questions, feel free to consult.
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