Newbie Special: How should newbies who just entered the industry read K-line charts?

Today, let's talk about the core functions in our products from a Newbie's perspective — the K-line chart! This is a "must-learn" in Cryptocurrency Trading investment, and its importance goes without saying～

First, you need to know where to view the K-line. Open the homepage and click on "Market" at the bottom, and the K-line chart for the coin you are interested in will appear. You can also use the coin filter discussed in the previous Newbie session together with this, which is also a review of old knowledge~ Do any friends remember this function?

On the homepage, find "Condition Coin Selection," and below are the coin selection strategies we have saved. Today we will use the "Spot Trading Volume Coin Selection Method," which is a strategy with preset parameters, just use it directly~ Friends who don't understand how to customize parameters can review previous live broadcasts to catch up on the lessons~ Today, the main package is here to "feed" knowledge to the newbies.

After filtering with this strategy, the eligible coins are here. Just pick one, like BTC, click the "Place Order" on the right, and the spot and contract options will appear. The spot can't be leveraged, so let's try the contract~ Then it will redirect to the market interface.

This is the K-line chart, let's explain it one by one from top to bottom, from left to right~

At the top are all the coins we are concerned about, and we can switch by clicking on them. Now we are looking at the BTC perpetual contract. Further down, there is a bunch of dense terms.

First, look at "Indicators"; the MA (20), MACD, and others discussed in the last class can be selected here.

Let's first select a MA, using the default parameters MA (7, 30), without adjustments (but you can adjust manually if you want). This represents the 7-day and 30-day moving averages respectively.

The chart will show yellow and green lines, corresponding to 30 days and 7 days, and the top left corner also indicates the meaning of the colors ~ The colors can be customized, you can set whatever color you like ~

The entries next to the indicators can be skipped by newbie friends; let's directly look at the "cycle" on the far right.

Except for 45 minutes which is a VIP feature, other time periods can be switched. These times represent the duration of each block in the K-line chart. For example, selecting 1 minute means a red-green block represents the rise and fall within one minute.

Do you have any questions at the moment? If no one speaks, I'll assume you all understand, hehe~ It seems like everyone is a potential stock! Let's move on, this line is for the drawing function. Experienced users will use it to mark key nodes and trends, while newbies will use it less for now; if you want to know more, we'll discuss it later~

Next is the core K-line part.

For newbies, looking at K lines mainly involves watching the ups and downs~ The colors in our cryptocurrency trading circle are the opposite of A shares, with green representing gains and red representing losses. So what stock investors fear as a sea of green might actually be good news for us, haha~

The MA indicator line selected just now is also within the price line, and golden crosses and death crosses will occur. Does everyone still remember how to judge this? If you forget, I'll repeat it again~ A golden cross occurs when the MA line crosses above the price line from below, which is usually a signal for an upward trend; a death cross occurs when the MA line crosses below the price line from above, which is usually a signal for a downward trend. By combining this candlestick chart, you can see many intersection points corresponding to price movements, which is the wonderful use of indicators~ However, different coins and the duration of trading can affect the effectiveness of indicators, so it needs to be combined with actual use, okay~

Next is the order placement area. The first is the order area, clicking here will redirect you to the exchange to place an order.

Next to it is the custom indicator, which means you can set parameters like MA and EMA lines yourself. Those who can code can give it a try, or use the member-exclusive feature to let AiCoin officially help you write it～ Have any friends experienced this?

There is a grid function behind the order area.

Grid trading is a trading method suitable for automated operations. By setting upper limit prices (selling points) and lower limit prices (buying points), trades are executed automatically when the price is reached, profiting from volatility. The advantage is that it can generate profits in stable or volatile markets without manually monitoring. However, one should be cautious of potential losses in trending markets, accumulation of transaction fees, and risks in extreme market conditions. Newbies are advised to start on a small scale and gradually adjust. Simply put, it is automated buying and selling, so there's no need to monitor the market 24 hours a day!

Looking at DCA, which stands for Dollar Cost Averaging, it is a strategy of buying a fixed amount at regular intervals.

Buying in batches can reduce timing risk and is suitable for long-term investors. The main difference between it and grid trading is that one is used more for the long term and the other for the short term. Friends who believe in the long-term rise of cryptocurrencies can smooth their costs using DCA~ However, you still need to choose tools based on the situation, so I won't elaborate further on this~

The combination order placement and AI analysis at the back are used as needed, not very frequently. Let's look at this column on the right.

The threshold for understanding the information is not high, mainly consisting of coin introductions. The functionalities include "Add Alert", which allows you to set price alerts that will pop up and remind you to take action when there are fluctuations; and "Add to Favorites", which is for bookmarking, making it convenient to check next time.

Click on "Strategy" to jump to the strategy interface and select the appropriate investment strategy.

The summary and the right sidebar will display the coin's history, news, capital flow, etc. Some investors will use this information to make judgments. Those interested can take a look～

Finally, looking at this long string of numbers, the most difficult to understand is the main force's pending orders.

In simple terms, it refers to the large buy and sell orders placed by big players or institutions, which have a significant impact on market liquidity and price volatility~ There are also order ratio and order difference here.

The委比 (委比) is the ratio of the buying order volume to the selling order volume over a certain period, measuring the strength of the buy and sell orders; the 委差 (委差) is the absolute difference in the buying and selling order volumes, and the price difference between the highest buying price and the lowest selling price (liquidity spread). These are all reference information for judging buying and selling ~ Friends who have mixed in the A-shares should be familiar with it, haha.

The latest transactions and large transactions below are easy to understand. The ones above are the limit orders, and the ones below are the actual transactions, both of which can be used as investment references.

Alright, that's the introduction to the K-line chart page content~

Remember to lock in AiCoin live broadcasts every Monday, Wednesday, and Thursday. You can directly enter the group chat on the PC side. We will invite industry experts to share from time to time, so don't miss it!

This article only represents the author's personal views and does not reflect the position and views of this platform. This article is for informational sharing only and does not constitute any investment advice to anyone.