Support and resistance of digital currency
Publish: 2021-05-12 10:10:03
1. In the K-line diagram, as long as the highest price appears many times in the same micro cell, it connects two same highest prices and extends them to form a resistance line, which vividly describes the unbalanced state of money supply greater than demand in a certain price range. When the trading price rises to this range, because of the increase in gas sales and the buyer's reluctance to catch up, the price shows a downward trend. Its internal essence is: just as the support level appears in the transaction intensive area, the resistance level also appears in the transaction intensive area. Because there is a large cumulative trading volume in this range, when the trading price is below the dense range, it means that there are a large number of floating loss areas, that is, those who hold up. Therefore, when the market rebounds from the bottom to the top and approaches the resistance level, those who have a bad outlook are eager to unwind and close their positions or take profits, so a large number of selling gushes out and the money supply enlarges. There are two types of prospective investors: one is short-term bullish, who are hesitant to follow up because they are worried about the high price and expect to build their positions after the price returns; The other is that the medium and long term is optimistic, and the investors will take advantage of the bargain. The former is not a firm demand side, and it is easy to lose confidence under the pressure of the air side and join the supplier by turning over the air side; The latter is a firm demand side. Although it is possible to break the resistance line, if it is weak, that is, there is no large trading volume, the trading price will return below the resistance line. Therefore, the demand for money is relatively small, repeated resistance will naturally form, and the longer the ration, the more difficult the resistance to break through. When the market rebounds from the bottom to the top and approaches the resistance level, if there is good news to cheer on, and after the trading price breaks the resistance, the trading volume will be enlarged and coordinated, then the resistance level will be effectively broken, and the trading price will rise to a higher level, and the resistance level will become the support level for the future market. Resistance is also not just generated in the transaction intensive areas. When the market rises to 50% or 0.618 of the original falling wave (which can be analyzed by the golden section line), it will stagnate and make a back adjustment, which is another psychological resistance level for the majority of investors. In addition, the stage of the highest price is often difficult for investors to break through the psychological resistance war. Because the support level and resistance level are formed in the transaction intensive area, the same transaction intensive area is not only the resistance area of the market from the bottom up, but also the support area of the market from the top down. When the transaction intensive area is broken through, in the process of market rise, generally accompanied by high turnover rate, resistance level changes to support level; If there is a big positive news stimulation, transaction intensive areas are easily broken, that is, suddenly jump short, then the pressure of profit taking will increase, continue to go up will face the test, the bull situation is often wasted. In the process of market decline, the turnover rate generally does not increase significantly. Once the market breaks through effectively, the support line changes to the resistance line. We should pay attention to the following points when using the resistance level to analyze the foreign exchange market: (1) the downward trend rebounds. If the positive line of the K line is weaker than the previous negative line, especially when it is close to the resistance price, the trading volume can not be enlarged, and then the negative line quickly eats the positive line, and the exchange rate falls again, which is a strong resistance 2) The downward trend has a strong rebound, the positive line appears frequently, and the bulls have a strong strength. Even if they make a slight return near the resistance level, but they change hands actively, the exchange rate will break through the resistance level and end the downward trend 3) After a period of consolidation near the resistance level, a long negative line appears, and the resistance level is naturally effective 4) After a period of consolidation near the resistance level, a long positive line will break through upward, the trading volume will increase, and there will be people taking over the low-end market, which will encourage the buyers, and the exchange rate will rise further 5) The exchange rate breaks through the resistance level from bottom to top. If the trading volume is enlarged, it means that the resistance level is effectively broken, and the market will change from a downward trend to an upward trend. Generally speaking, in the downward trend, if the market breaks through the resistance line of the intermediate upward trend after the intermediate upward trend, then the downward trend is over; In the intermediate downward trend, if the market breaks through the resistance level of the secondary upward trend after the secondary upward trend, it means that the intermediate downward trend has ended and will continue to rise according to the original upward trend 6) If the exchange rate rushes to the resistance level from the bottom to the top, but fails to break through and turns back, there may be a new period of decline. No matter what the profit or loss is, it should close out in time 7) When the exchange rate hits the resistance level from the bottom up and the trading volume increases greatly, it should be long in time; If the resistance level is broken, but the trading volume is not released, we should wait and see. It is likely to be a false breakthrough with weak upward momentum and blocked fall. We should not rashly follow up.
2. Support level and resistance level:
support level refers to the price that may encounter support when the stock price falls, so as to stop falling and stabilize. Resistance level refers to the pressure that the stock price may encounter when it rises, so as to reverse the falling price
resistance level, also known as pressure level, means that when the price rises to a certain level, the price stops rising or even falls back
resistance level is an important method of trend analysis. The reason for its formation is that the price fluctuates up and down in a certain region, and there is a relatively large volume accumulated in the region. Then, after the price rushes over or falls below the region, the region will naturally become the resistance level of the price
the relationship between resistance level and support level:
when the stock price is running, resistance and support are interchangeable. Specifically, if a significant resistance level is effectively broken through, the resistance level will in turn become an important support level in the future; On the contrary, if the important support level is effectively broken down, then the price will become the resistance level of future stock price rise.
support level refers to the price that may encounter support when the stock price falls, so as to stop falling and stabilize. Resistance level refers to the pressure that the stock price may encounter when it rises, so as to reverse the falling price
resistance level, also known as pressure level, means that when the price rises to a certain level, the price stops rising or even falls back
resistance level is an important method of trend analysis. The reason for its formation is that the price fluctuates up and down in a certain region, and there is a relatively large volume accumulated in the region. Then, after the price rushes over or falls below the region, the region will naturally become the resistance level of the price
the relationship between resistance level and support level:
when the stock price is running, resistance and support are interchangeable. Specifically, if a significant resistance level is effectively broken through, the resistance level will in turn become an important support level in the future; On the contrary, if the important support level is effectively broken down, then the price will become the resistance level of future stock price rise.
3. There is no need to calculate, it is objective. Short term 5-day moving average, 10 day moving average, long term 30, 60 day moving average. As can be seen from the K-line chart, the stock price is below the moving average, which is resistance, on the contrary, support
how to understand the moving average
the moving average, also known as the moving average, is a common analysis tool in technical analysis. When it is used, it is often combined with the K line to judge the trend and technical form. The calculation of the moving average is the arithmetic average of the closing price and the closing point over a period of time. The continuous average line forms the moving average. However, this is just an ordinary moving average, it can also derive a weighted moving average, trading volume moving average and so on. We usually use the average. The parameter of moving average is time. The default setting of moving average of 5 days, 10 days, 20 days, 30 days, 60 days, 120 days and 250 days is often given in technical analysis software. The 120 day moving average and the 250 day moving average are usually called half year line and annual line (taking into account the factors of holidays). It is not difficult to see that the moving average actually reflects the average transaction price over a period of time, that is, the cost of chips. If the time parameter is too small, the average cost reflected by the moving average belongs to the short-term nature, such as the short-term moving average on the 5th and 10th; The medium-term moving average of 20, 30 and 60 days reflects the medium-term cost; 120 and 250 days are the long-term moving average, reflecting the long-term cost. In the use of moving average system, mainly divided into the following categories: first, the trend. Short term moving average upward, indicating that the stock or index is in an upward trend in the short term. Similarly, the medium-term moving average and long-term moving average rise, reflecting the rising trend in the medium and long term. If it is not upward, but downward, it shows a downward trend. If the slope of the moving average is not large and it is in a horizontal running state, it shows consolidation pattern. In the sustained long-term upward trend, the short-term moving average is generally above, the medium-term moving average is in the middle, and the long-term moving average is below. In the sustained long-term decline, the general short-term moving average is below, the medium-term moving average is in the middle, and the long-term moving average is above. Of course, the short-term, medium-term and long-term moving average sometimes have different directions. For example, the short-term moving average of the Shanghai Composite Index turns downward, while the medium-term moving average and long-term moving average still maintain an upward trend. However, if the decline continues for a long time, the trend of medium-term moving average and long-term moving average will also change. Second, cross breakthroughs. We can judge the breakthrough trend of indivial stocks or the market from the cross of moving average system. For example, the Shanghai Composite Index from the beginning of February to the beginning of March has a very close average on the 5th, 10th, 20th and 30th, which is in a state of repeated and staggered convergence. This shows that the market lost the sense of direction ring this period, in shock finishing period, short-term costs and medium-term costs are very close. However, under normal circumstances, consolidation often does not last for a long time, otherwise it will become a stagnant pool. Finally, consolidation will turn into a breakthrough. The 5-day moving average on March 9 will cross the 10 day moving average, and soon the 10 day moving average will cross the 20 day moving average, forming an upward cross pattern, indicating the establishment of an upward breakthrough. At present, the 5-day moving average is close to the 10 day moving average, and if it successively crosses the 20 day moving average in the future, it indicates the establishment of the decline. The third is divergent form. Divergence refers to the increasing distance between short-term, medium-term and long-term moving average, especially the short-term moving average tends to be very steep at this time, that is, the slope is very large. If it is upward, it means that the short-term cost is much higher than the medium-term and long-term cost, the profit chips increase greatly, and the short-term cash out pressure is faced. If it is in a declining state, it means that the short-term cost is far lower than the medium-term and long-term cost, the pressure of cash out is weakened, and the short-term is facing a rebound. Fourth, support level and resistance level. The combination of moving average and K-line often plays the role of support and resistance. If the K-line touches the short-term moving average and close positive at the top, it indicates that it will be supported in the short term, and then the trend will still go higher; If the distance is too large, then the short-term profit chips increase, there is pressure. If the K-line touches the short-term moving average and closes negative below, it means that it is subject to short-term resistance and has a larger decline in the future; If we widen the distance from the short-term moving average, there will be a rebound. Similarly, when the K-line rises or falls, it touches the medium-term or long-term moving average, which will proce support or resistance. If the K line falls below the support, or breaks through the resistance, it indicates the establishment of the operation trend. Of course, this is just a simple way to use the moving average. In practical application, investors can set their own time parameters combined with the K line to find the parameters suitable for the stock. In addition, when using it, investors need to learn and use it flexibly in combination with fundamental factors, which can not be copied. Listed companies continue to soar e to significant material benefits. Even if the moving average system is extremely divergent, it may not fall immediately. In a word, a single technical index is not a panacea, investors need to combine various factors to make rational judgment.
how to understand the moving average
the moving average, also known as the moving average, is a common analysis tool in technical analysis. When it is used, it is often combined with the K line to judge the trend and technical form. The calculation of the moving average is the arithmetic average of the closing price and the closing point over a period of time. The continuous average line forms the moving average. However, this is just an ordinary moving average, it can also derive a weighted moving average, trading volume moving average and so on. We usually use the average. The parameter of moving average is time. The default setting of moving average of 5 days, 10 days, 20 days, 30 days, 60 days, 120 days and 250 days is often given in technical analysis software. The 120 day moving average and the 250 day moving average are usually called half year line and annual line (taking into account the factors of holidays). It is not difficult to see that the moving average actually reflects the average transaction price over a period of time, that is, the cost of chips. If the time parameter is too small, the average cost reflected by the moving average belongs to the short-term nature, such as the short-term moving average on the 5th and 10th; The medium-term moving average of 20, 30 and 60 days reflects the medium-term cost; 120 and 250 days are the long-term moving average, reflecting the long-term cost. In the use of moving average system, mainly divided into the following categories: first, the trend. Short term moving average upward, indicating that the stock or index is in an upward trend in the short term. Similarly, the medium-term moving average and long-term moving average rise, reflecting the rising trend in the medium and long term. If it is not upward, but downward, it shows a downward trend. If the slope of the moving average is not large and it is in a horizontal running state, it shows consolidation pattern. In the sustained long-term upward trend, the short-term moving average is generally above, the medium-term moving average is in the middle, and the long-term moving average is below. In the sustained long-term decline, the general short-term moving average is below, the medium-term moving average is in the middle, and the long-term moving average is above. Of course, the short-term, medium-term and long-term moving average sometimes have different directions. For example, the short-term moving average of the Shanghai Composite Index turns downward, while the medium-term moving average and long-term moving average still maintain an upward trend. However, if the decline continues for a long time, the trend of medium-term moving average and long-term moving average will also change. Second, cross breakthroughs. We can judge the breakthrough trend of indivial stocks or the market from the cross of moving average system. For example, the Shanghai Composite Index from the beginning of February to the beginning of March has a very close average on the 5th, 10th, 20th and 30th, which is in a state of repeated and staggered convergence. This shows that the market lost the sense of direction ring this period, in shock finishing period, short-term costs and medium-term costs are very close. However, under normal circumstances, consolidation often does not last for a long time, otherwise it will become a stagnant pool. Finally, consolidation will turn into a breakthrough. The 5-day moving average on March 9 will cross the 10 day moving average, and soon the 10 day moving average will cross the 20 day moving average, forming an upward cross pattern, indicating the establishment of an upward breakthrough. At present, the 5-day moving average is close to the 10 day moving average, and if it successively crosses the 20 day moving average in the future, it indicates the establishment of the decline. The third is divergent form. Divergence refers to the increasing distance between short-term, medium-term and long-term moving average, especially the short-term moving average tends to be very steep at this time, that is, the slope is very large. If it is upward, it means that the short-term cost is much higher than the medium-term and long-term cost, the profit chips increase greatly, and the short-term cash out pressure is faced. If it is in a declining state, it means that the short-term cost is far lower than the medium-term and long-term cost, the pressure of cash out is weakened, and the short-term is facing a rebound. Fourth, support level and resistance level. The combination of moving average and K-line often plays the role of support and resistance. If the K-line touches the short-term moving average and close positive at the top, it indicates that it will be supported in the short term, and then the trend will still go higher; If the distance is too large, then the short-term profit chips increase, there is pressure. If the K-line touches the short-term moving average and closes negative below, it means that it is subject to short-term resistance and has a larger decline in the future; If we widen the distance from the short-term moving average, there will be a rebound. Similarly, when the K-line rises or falls, it touches the medium-term or long-term moving average, which will proce support or resistance. If the K line falls below the support, or breaks through the resistance, it indicates the establishment of the operation trend. Of course, this is just a simple way to use the moving average. In practical application, investors can set their own time parameters combined with the K line to find the parameters suitable for the stock. In addition, when using it, investors need to learn and use it flexibly in combination with fundamental factors, which can not be copied. Listed companies continue to soar e to significant material benefits. Even if the moving average system is extremely divergent, it may not fall immediately. In a word, a single technical index is not a panacea, investors need to combine various factors to make rational judgment.
4. The resistance level is the selling pressure formed on a stock,
many people are trapped on it,
the support level is the place where many people build their positions,
both are for the purpose of major capital
many people are trapped on it,
the support level is the place where many people build their positions,
both are for the purpose of major capital
5. Mike is an index that changes with the fluctuation of stock price. Formula:
middle price = (highest price + lowest price + closing price) / 3
primary pressure = middle price + (middle price - 12 day's lowest price)
primary support = middle price - (middle price - 12 day's lowest price)
intermediate pressure = middle price + (12 day's highest price - 12 day's lowest price)
intermediate support = middle price - (12 day's highest price - 12 day's lowest price) Price)
strong pressure = 2 × 12 day high price - 12 day low price
strong support = 2 × The lowest price on the 12th - the highest price on the 12th
research and judgment skills:
1. When the stock price departs from consolidation and moves towards the upward trend, the three "upper limits" above the stock price are its pressure reference prices
2. When the stock price departs from consolidation and moves towards a downward trend, the three "lower limits" below the stock price are its supporting reference price
3. In consolidation, if the stock price is higher than the middle line, the "upper limit" price is selected as the reference; If the stock price is lower than the middle line, then choose the "lower limit" price as the reference basis<
support line and pressure line
drawing method:
connect two or more relative low points into a straight line to get support line
connect two or more relative high points into a straight line to get pressure line
usage:
1. Function of support line and pressure line
support line is also called resistance line. When the stock price falls near a certain price, the stock price will stop falling and may even rise. The price that prevents the stock price from continuing to fall or temporarily prevents the stock price from continuing to fall is the position of the support line
pressure line is also called resistance line. When the stock price rises to a certain price, the stock price will stop rising, or even fall back. The price that prevents or temporarily prevents the stock price from rising is where the pressure line is
the function of support line and pressure line is to prevent or temporarily prevent the stock price from moving in one direction. At the same time, the support line and pressure line have the possibility of completely preventing the stock price from changing in the original direction
2. Support line and pressure line transform each other
If a support line is broken, it will become a pressure line; Similarly, if a pressure line is broken, it will become a support line. This shows that the position of support line and pressure line is not unchangeable, but can be changed, provided that it is broken through by effective and strong enough stock price changes< Generally speaking, the importance of a support line or pressure line to the current impact has three aspects: one is the length of time the stock price stays in this area; the other is the length of time the stock price stays in this area; Second, the trading volume of stock price in this area; The third is the distance between the occurrence time of this support area or pressure area and the current period
trend line
middle price = (highest price + lowest price + closing price) / 3
primary pressure = middle price + (middle price - 12 day's lowest price)
primary support = middle price - (middle price - 12 day's lowest price)
intermediate pressure = middle price + (12 day's highest price - 12 day's lowest price)
intermediate support = middle price - (12 day's highest price - 12 day's lowest price) Price)
strong pressure = 2 × 12 day high price - 12 day low price
strong support = 2 × The lowest price on the 12th - the highest price on the 12th
research and judgment skills:
1. When the stock price departs from consolidation and moves towards the upward trend, the three "upper limits" above the stock price are its pressure reference prices
2. When the stock price departs from consolidation and moves towards a downward trend, the three "lower limits" below the stock price are its supporting reference price
3. In consolidation, if the stock price is higher than the middle line, the "upper limit" price is selected as the reference; If the stock price is lower than the middle line, then choose the "lower limit" price as the reference basis<
support line and pressure line
drawing method:
connect two or more relative low points into a straight line to get support line
connect two or more relative high points into a straight line to get pressure line
usage:
1. Function of support line and pressure line
support line is also called resistance line. When the stock price falls near a certain price, the stock price will stop falling and may even rise. The price that prevents the stock price from continuing to fall or temporarily prevents the stock price from continuing to fall is the position of the support line
pressure line is also called resistance line. When the stock price rises to a certain price, the stock price will stop rising, or even fall back. The price that prevents or temporarily prevents the stock price from rising is where the pressure line is
the function of support line and pressure line is to prevent or temporarily prevent the stock price from moving in one direction. At the same time, the support line and pressure line have the possibility of completely preventing the stock price from changing in the original direction
2. Support line and pressure line transform each other
If a support line is broken, it will become a pressure line; Similarly, if a pressure line is broken, it will become a support line. This shows that the position of support line and pressure line is not unchangeable, but can be changed, provided that it is broken through by effective and strong enough stock price changes< Generally speaking, the importance of a support line or pressure line to the current impact has three aspects: one is the length of time the stock price stays in this area; the other is the length of time the stock price stays in this area; Second, the trading volume of stock price in this area; The third is the distance between the occurrence time of this support area or pressure area and the current period
trend line
6. When judging the support level and resistance level, my common way - I think it is the most accurate way - is to observe the historical prices of trading varieties on the K-line chart. What is the highest point? What is the lowest point? And what's the closing price? These are often illustrative. This method of judging support level and resistance level can be realized on the k-chart at any time (balox): daily chart, weekly chart and monthly chart.
7. In most cases, high price or low price will be concentrated in a certain area, rather than a point, that is, "support area" or "resistance area". The top or bottom of the market often constitutes resistance or support; The unfilled gap in the technical figure also forms an effective support or resistance level; Moving average also helps investors judge support and resistance; Observing the trend of the trend line can also determine the support and resistance of the market in the future. Another way to find support and resistance is to observe the & quot; price in the process of operation; Withdraw & quot;. There is also the use of psychological price to determine the support level and resistance level, these figures are often integer. It should be noted that when the main support level is broken down, the support level will be converted into the main resistance level; When the main resistance level is broken through, the resistance level becomes the main support level. How to judge the resistance level of the current gold price effective support, resistance and support are the two forms of rising and falling space. The gold price trend chart is a clear evidence of the balance of strength between the long and short sides. When the multi power is strong, it will go up, and when the short power is strong, it will go down. Resistance and support: two forms of rise and fall space. The gold trend chart is a clear proof of the balance of strength between the long and short sides. When the strength of many sides is strong, they will go up, and when the strength of the short side is strong, they will go down. It's so simple. For example, a person climbing and skiing, climbing will encounter obstacles, affect the upward speed; Skiing will also encounter resistance so that it can't go down. The gold market has evolved into resistance and support. 1、 Resistance level: resistance level is formed naturally where the short power is strong and the long power is weak. In practice, e to the consistency of public expectations, the following areas often become obvious resistance areas: 1. The opening price of gold on that day is lower than the previous closing price. In the process of climbing up, there will be resistance here. This is because after a night's thinking, the long and short sides have reached a consensus on the previous close. When the opening day was opened, the price of gold was low, indicating that there was a strong selling intention. In the process of gold price rebound, on the one hand, it will be hit by new selling at any time; on the other hand, when it is close to the previous closing, the morning accumulated selling will have an effect, making it easy for bulls to cross this barrier. 2. Gold prices fell after the opening of the day. Because in the opening price of a large number of selling, so rebound back here will encounter resistance. 3. The reason for the formation of the former high point is that there is an obvious backlog of selling here. When the gold price falls back and picks up again, once it is close to the former high point, there will be new short power intervention, and bulls will become cautious. In the trend chart, the obvious m head shape is formed, and most of the time, the high point on the right will be lower than the high point on the left. 4. Due to people's psychological role, some integer levels often become an important resistance to rise. The purpose of identifying the resistance zone is to sell at the highest point or the second highest point. Generally, it can be sold before entering the identified resistance zone. Or when the gold price falls from a high point, it will sell when it is close to this high point for the second time. 2、 Support level: the place that can't fall is the support level. The common support levels are as follows: 1. If it goes higher after the opening price, when it comes back to the opening price, it will have stronger support e to more buying precipitation. 2. Before the close, if the gold price falls from a high level, the support of the former close is also strong. 3. Before the low point, the low point area formed last time will generally become people's psychological support, the reason is the same as the resistance area. 4. The resistance of the previous high is relatively large. Once it is effectively crossed, it will generally be supported when it falls down again e to more accumulated buying. Judging the support level is to strive to buy in the low zone. From the above analysis, it can be seen that support and resistance are a pair of contradictions that can be transformed into each other. After the original resistance level breaks through, it can turn into support level, and after the original support level breaks through, it can turn into resistance level. To grasp the support level and resistance level is helpful to study and judge the big market. For example, when passing through the resistance area, it shows that the market is very strong and can be bought or sold; When it falls below the support zone, it indicates that the market is weak and can be sold or not bought.
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