Tonight at 9 PM, I judged that the market was basically stable, and BTC long positions can be increased. The key is that one candlestick on the hourly chart—trading volume was indeed very high, but at the close, it was a small wick.
What does this indicate? The significant selling pressure has been fully absorbed, and in the short term, the buyers' strength has overtaken the sellers. It also reflects that although the sellers are fierce, they ultimately couldn't change the outcome (with such huge trading volume, the real body of the bearish candle is so small, which itself is very telling).
So, by the 9 PM close, I can confidently say that the market has stabilized.
This is a classic example of volume and price action working together. Honestly, trading is not about guessing based on intuition, but about learning to interpret what the chart is telling us—using real data like trading volume and candlestick patterns to discover market reversal signals. Do you agree with this reasoning?
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MissedAirdropBro
· 23h ago
The combination of price and volume is indeed reliable, but I went short again around 9 o'clock haha.
I saw the details on this small needle, but I felt it wasn't stable enough, and I ended up eating my words.
Next time, I'll try to analyze from the trading volume perspective and stop relying on intuition to make random moves.
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MemeCurator
· 23h ago
I've seen this pattern of the small spike coming up too many times before. The key is whether it can hold in the follow-up; don't let it retest again.
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ChainBrain
· 23h ago
The combination of price and volume is indeed explained clearly, but I still think this kind of judgment is prone to hindsight bias.
Take the small needle pattern, for example. It has appeared at the bottom countless times without a rebound, and the ones that actually move up are often some seemingly ugly candlestick patterns. So, it's still necessary to look at support levels on longer timeframes.
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PerpetualLonger
· 23h ago
It's the same story again. Little Needle said it's stable right after coming up? I thought so too, but it broke through directly in the early morning, and the added position is still lying there.
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BearMarketBuyer
· 23h ago
I saw it the moment it was injected, and it was indeed absorbed very cleanly. The combination of volume and price really can't be fooled.
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ConsensusBot
· 23h ago
This pin is indeed excellent; the absorption of momentum is so thorough that there's no suspense in the short-term buying interest.
Tonight at 9 PM, I judged that the market was basically stable, and BTC long positions can be increased. The key is that one candlestick on the hourly chart—trading volume was indeed very high, but at the close, it was a small wick.
What does this indicate? The significant selling pressure has been fully absorbed, and in the short term, the buyers' strength has overtaken the sellers. It also reflects that although the sellers are fierce, they ultimately couldn't change the outcome (with such huge trading volume, the real body of the bearish candle is so small, which itself is very telling).
So, by the 9 PM close, I can confidently say that the market has stabilized.
This is a classic example of volume and price action working together. Honestly, trading is not about guessing based on intuition, but about learning to interpret what the chart is telling us—using real data like trading volume and candlestick patterns to discover market reversal signals. Do you agree with this reasoning?