What K-line analysis software should be used for coin trading (learn to read K-line charts in one minute)

08/18/2023 19:09 • Metaverse Matters • 63 views

According to official sources, K-line analysis software is a trading tool specifically designed for coin trading. This software has rich technical and indicator data, powerful market intelligence system, and detailed strategy reports. It can automatically analyze and monitor the trend of digital currency prices and various factors in real-time. It also provides professional K-line trading tracking services, helping investors find the correct direction during market fluctuations. Additionally, it can observe market trend changes through simulation trading.

Learn to read K-line charts in one minute

Editor’s note: This article is from the FHL community (ID: FHBT18), written by Peipei, authorized reposted by Odaily Star Daily.

Hello everyone! I am Peipei. Bitcoin has indeed shown relatively strong momentum in yesterday’s trends, but it is currently difficult to break out into an independent market. From the daily chart perspective, there is still a demand for a pullback, but in the short term, it may continue to trend in a volatile adjustment. However, this does not mean that the bull market is over, at least not now. Let’s take a look at the chart below:

The above K-line pattern seems simple, but it is actually a very obvious combination of K-lines, and there are many uncertainties within it. For example, when the coin price fell, it encountered some minor resistance levels and fell directly. If this situation occurs, there may still be a rapid pullback afterwards, which serves as a warning for investors who have already entered the market. The following is an image. It is also worth noting that there is a long shadow on this K-line, which roughly means in the form of a red bar.

I have divided it into several dotted objects – red, yellow, and three color zones. There are many intersections among them, and these are price ranges, which can be understood as the boundaries between two markets, and it is about the information and transaction information you want to understand in those areas. The last one is called a Dead Cross or a Death Cross, which is the most common type of attack method that is generally used by people and can also cause its collapse when something happens. Then let me give an example using other indicators: the green, blue, purple, and yellow-green lines all represent a certain level of fear in the market; the orange, black, and gray lines represent market sentiment, and the gray line expresses a certain degree of greed or fear. Of course, it may also be extreme pessimism or doubt.

In conclusion, no matter what, K-line technical analysis requires learning based on knowledge from multiple dimensions. If you have insufficient understanding of blockchain technology, you need to first know what blockchain is and why you should pay attention to this field. Because it is one of the hottest directions in the near future, many people should not forget the most important part in this field – data, which is one of the important issues facing the entire digital currency ecosystem. At the same time, with the development and popularization of the blockchain industry, more and more projects are trying to enter this field and actively explore how to transform these new things into practical applications. Today, we are going to introduce the principles of K-line, first look at its structure, and then see if it can support the overall market price and observe whether it has continuous upward potential and breakthrough resistance positions.

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What K-line analysis software should be used for coin trading (learn to read K-line charts in one minute)

Learn to read K-line charts in one minute

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