What does needle callback mean (principle of needle method)?
What does needle callback mean? Needle callback is an English term, which means
What does needle callback mean? Needle callback is an English term, which means that when the market rises, it will engage in reverse trading, while when the market falls, it will form a sideways oscillation trend. Generally speaking, when we talk about “needle callback”, it means that the price will quickly rise or fall after breaking through a certain period of time, and then continue to go down to the previous high point to short or go long. Therefore, this situation usually occurs, but it does not mean that the market trend has ended, because the market is in a very weak state.
Principle of needle method
According to coindesk, the principle of the needle method is that when the market is in an upward trend, it will generate a fast rising signal (vice versa), and if a downward signal appears, a large rebound will occur. This method is called the needle method.
In Bitcoin, when we talk about “rise and fall”, it refers to the selling behavior of sellers in the market causing the price to fall to a certain extent; but when the BTC price reaches that point, a similar situation may occur – that is, the buying price is higher than the selling price; then when BTC falls to a low point, it starts to bounce back, eventually forming a top, and at this time, traders need to pay attention to the market situation again.
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