1、What is a trend line (1) Introduction to trend lines Trend lines can be used to identify and confirm trends. Usually a trend line connects at least two price points on a chart and extends forward to identify sloping areas of support and resistance. A trendline with a positive slope (extending up to the right) shows a net rise in demand and constitutes support for the price. As long as the price action stays on this line, there is a bullish trend. A negative slope (extending down to the right) trend line shows a rise in net supply, which acts as a resistance to price. As long as the price trend stays below this line, there is a bearish trend. (2) Trend line drawing When analysing trends, this is often done by drawing trend lines. Drawing trend lines is a means of measuring the development of a trend and the direction of the trend line provides a clear view of the direction of price development. Depending on the direction, trend lines can be divided into uptrend lines and downtrend lines. In its most basic form, a trend line is a straight line connecting an obvious area of support (the lowest point) in an uptrend; in a downtrend, a straight line connecting an obvious area of resistance (the highest point), is also a trend line. In order to draw a trend line correctly, we simply need to find 2 tops or bottoms of some significance and then connect them correctly. A valid trend line can be drawn with 2 bottoms or tops, but it takes 3 tops or bottoms to confirm it. The steeper the trend line, the more likely that trend line will be broken. As with horizontal resistance support, a trendline that has been tested many times is a strong trendline and relatively difficult to break. Most importantly, never draw a trendline to force a market. If the trend line does not fit the market, then it is not valid. The function of the rising trend line is to show the price of rising support, once the price in the process of fluctuations below this line, it means that the market may be reversed, from up to down; the function of the falling trend line is to show the price of falling in the process of rising resistance, once the price in the fluctuations of the up break this line, it means that the price may stop rising. (3) Using trend lines Using trend lines to determine buying and selling points. Whether in an uptrend or downtrend line, when the share price touches the pressure line above, it is the time to sell; when the share price touches the support line below, it is the time to buy; if in an uptrend line, it is found that the share price breaks through the pressure line above, it proves that a new uptrend line will be created; similarly, if in a downtrend, it is found that the share price breaks through the support line below, a new downtrend line may be created In an uptrend, the peak of a wave will be higher than the previous peak and the trough of a wave will be higher than the previous trough; in a downtrend, the peak of a wave will be lower than the previous peak and the trough of a wave will be lower than the previous trough; in an uptrend, if the share price cannot reach the pressure line above, it means that the upward trend is weakening. (4) Correction of a trendline To amend the rising trend line, for example, when the share price falls below the rising trend line and then quickly return to the trend line above, one of the original lows used should be connected to the new low, to get a revised new rising trend line, can more accurately reflect the trend of the share price. The trend line should not be too steep, otherwise it can easily be broken by horizontal finishing and lose its analytical significance. In the study of the trend line, should be careful not to use the trend line to make the "trap". Generally speaking, in the share price did not break through the trend line before, the rising trend line is every down support, down the trend line is the share price of each rebound resistance. When the stock price breaks through the trend line, if there is a gap, a reversal of the trend is highly likely and the reversal has some strength. When the stock price breaks through the resistance of the downward trend line and rises, it generally needs the cooperation of large volume; when the stock price breaks through the upward trend line, the volume is generally not enlarged, but the volume will be sharply enlarged within a few days after the breakthrough 2. The content introduced above is only about the basics of cryptocurrency, which relates to whether we can make money through cryptocurrency. Cryptocurrencies make money not only by scientific methods to increase income, but also by finding ways to save money. The handling fees are small, but they must not be ignored. I have calculated that with frequent transactions and long trading hours, the accumulation of fees can add up to more than 10,000 U a year. Next I will introduce a few common ways to reduce fees on large trading platforms. (1) Lowering Binance's fees Binance is currently the world's largest digital currency exchange, and you must sign up for Binance if you want to speculate on coins. The transaction fee will be deducted from the assets received. For example, if you buy Ethereum/USDT, the fee is paid in Ethereum. If you sell Ethereum/USDT, the commission is paid in USDT. Example. You place an order for 10Ethereum at a price of USD3,452.55 per share. Transaction fee = 10Ethereum0.1% = 0.01Ethereum Or you place an order to sell 10Ethereum at 3,452.55 USDT per share. Transaction fee = (10Ethereum3,452.55USDT)*0.1% = 34.5255USDT What many people do not know is that the Binance transaction fee can also be reduced. If you want to reduce your Binance trading fees, you must register using the invitation link below or use the invitation code "Q022W7SC". https://accounts.binance.com/en/register?ref=Q022W7SC

(2) Reducing OKX fees OKX is a professional digital currency trading platform loved by many users, and its transaction fees can be reduced. Depending on the volume of transactions, OKX divides its users into two levels: normal and professional. Ordinary users are graded according to their OKB positions, while professional users are graded according to their trading volume and asset size. The different tiers determine the trading fees for the next trading day. When calculating the fee levels, if the coin trading volume, total trading volume of delivery and perpetual contracts (USDT delivery contract, coin-based delivery contract, USDT perpetual contract, coin-based perpetual contract), option contract trading volume, and asset volume meet the conditions of different fee levels, users will enjoy the fee discount of the highest level. First method: OKX has an official maximum savings rate of 20%. Use the link below to register with OKX and save 20% on fees. https://www.ouyi.business/join/BTC1ETH Second method: Open the OKX website and enter "BTC1ETH" in the "Invitation Code" on the registration page to see the cashback percentage: 20% at the bottom. Be sure to enter this invitation code, otherwise you can not get 20% cashback percentage. (3) Reduce FTX fees FTX is currently a very fast-growing, contract players more exchange, you must register FTX if you play the contract. if you want to reduce the FTX transaction fees, you must use the following invitation link to register. https://ftx.com/referrals#a=121031692 3, trading road is long, together with forward Want to know more about how to reduce the commission? telegram: btcethcool We have set up a community dedicated to the study of trading, add telegram friends to pull you into the community.

1、What is a trend line (1) Introduction to trend lines Trend lines can be used to identify and confirm trends. Usually a trend line connects at least two price points on a chart and extends forward to identify sloping areas of support and resistance. A trendline with a positive slope (extending up to the right) shows a net rise in demand and constitutes support for the price. As long as the price action stays on this line, there is a bullish trend. A negative slope (extending down to the right) trend line shows a rise in net supply, which acts as a resistance to price. As long as the price trend stays below this line, there is a bearish trend. (2) Trend line drawing When analysing trends, this is often done by drawing trend lines. Drawing trend lines is a means of measuring the development of a trend and the direction of the trend line provides a clear view of the direction of price development. Depending on the direction, trend lines can be divided into uptrend lines and downtrend lines. In its most basic form, a trend line is a straight line connecting an obvious area of support (the lowest point) in an uptrend; in a downtrend, a straight line connecting an obvious area of resistance (the highest point), is also a trend line. In order to draw a trend line correctly, we simply need to find 2 tops or bottoms of some significance and then connect them correctly. A valid trend line can be drawn with 2 bottoms or tops, but it takes 3 tops or bottoms to confirm it. The steeper the trend line, the more likely that trend line will be broken. As with horizontal resistance support, a trendline that has been tested many times is a strong trendline and relatively difficult to break. Most importantly, never draw a trendline to force a market. If the trend line does not fit the market, then it is not valid. The function of the rising trend line is to show the price of rising support, once the price in the process of fluctuations below this line, it means that the market may be reversed, from up to down; the function of the falling trend line is to show the price of falling in the process of rising resistance, once the price in the fluctuations of the up break this line, it means that the price may stop rising. (3) Using trend lines Using trend lines to determine buying and selling points. Whether in an uptrend or downtrend line, when the share price touches the pressure line above, it is the time to sell; when the share price touches the support line below, it is the time to buy; if in an uptrend line, it is found that the share price breaks through the pressure line above, it proves that a new uptrend line will be created; similarly, if in a downtrend, it is found that the share price breaks through the support line below, a new downtrend line may be created In an uptrend, the peak of a wave will be higher than the previous peak and the trough of a wave will be higher than the previous trough; in a downtrend, the peak of a wave will be lower than the previous peak and the trough of a wave will be lower than the previous trough; in an uptrend, if the share price cannot reach the pressure line above, it means that the upward trend is weakening. (4) Correction of a trendline To amend the rising trend line, for example, when the share price falls below the rising trend line and then quickly return to the trend line above, one of the original lows used should be connected to the new low, to get a revised new rising trend line, can more accurately reflect the trend of the share price. The trend line should not be too steep, otherwise it can easily be broken by horizontal finishing and lose its analytical significance. In the study of the trend line, should be careful not to use the trend line to make the "trap". Generally speaking, in the share price did not break through the trend line before, the rising trend line is every down support, down the trend line is the share price of each rebound resistance. When the stock price breaks through the trend line, if there is a gap, a reversal of the trend is highly likely and the reversal has some strength. When the stock price breaks through the resistance of the downward trend line and rises, it generally needs the cooperation of large volume; when the stock price breaks through the upward trend line, the volume is generally not enlarged, but the volume will be sharply enlarged within a few days after the breakthrough 2. The content introduced above is only about the basics of cryptocurrency, which relates to whether we can make money through cryptocurrency. Cryptocurrencies make money not only by scientific methods to increase income, but also by finding ways to save money. The handling fees are small, but they must not be ignored. I have calculated that with frequent transactions and long trading hours, the accumulation of fees can add up to more than 10,000 U a year. Next I will introduce a few common ways to reduce fees on large trading platforms. (1) Lowering Binance's fees Binance is currently the world's largest digital currency exchange, and you must sign up for Binance if you want to speculate on coins. The transaction fee will be deducted from the assets received. For example, if you buy Ethereum/USDT, the fee is paid in Ethereum. If you sell Ethereum/USDT, the commission is paid in USDT. Example. You place an order for 10Ethereum at a price of USD3,452.55 per share. Transaction fee = 10Ethereum0.1% = 0.01Ethereum Or you place an order to sell 10Ethereum at 3,452.55 USDT per share. Transaction fee = (10Ethereum3,452.55USDT)*0.1% = 34.5255USDT What many people do not know is that the Binance transaction fee can also be reduced. If you want to reduce your Binance trading fees, you must register using the invitation link below or use the invitation code "Q022W7SC". https://accounts.binance.com/en/register?ref=Q022W7SC

(2) Reducing OKX fees OKX is a professional digital currency trading platform loved by many users, and its transaction fees can be reduced. Depending on the volume of transactions, OKX divides its users into two levels: normal and professional. Ordinary users are graded according to their OKB positions, while professional users are graded according to their trading volume and asset size. The different tiers determine the trading fees for the next trading day. When calculating the fee levels, if the coin trading volume, total trading volume of delivery and perpetual contracts (USDT delivery contract, coin-based delivery contract, USDT perpetual contract, coin-based perpetual contract), option contract trading volume, and asset volume meet the conditions of different fee levels, users will enjoy the fee discount of the highest level. First method: OKX has an official maximum savings rate of 20%. Use the link below to register with OKX and save 20% on fees. https://www.ouyi.business/join/BTC1ETH Second method: Open the OKX website and enter "BTC1ETH" in the "Invitation Code" on the registration page to see the cashback percentage: 20% at the bottom. Be sure to enter this invitation code, otherwise you can not get 20% cashback percentage. (3) Reduce FTX fees FTX is currently a very fast-growing, contract players more exchange, you must register FTX if you play the contract. if you want to reduce the FTX transaction fees, you must use the following invitation link to register. https://ftx.com/referrals#a=121031692 3, trading road is long, together with forward Want to know more about how to reduce the commission? telegram: btcethcool We have set up a community dedicated to the study of trading, add telegram friends to pull you into the community.