Hello, let's run over an analysis of the ETH and that's going to be an amateurs understanding and pattern recognition. Along with a few other treats, the legendary Bollinger Bands. Plus, I'll throw some lines in there to look official like the almighty poop cannon. www.tradingview.com/u/MagicPoopCannon/
SO, everytime this sucker drops below 30, we crash and burn. And we just need one good push to lower us to all time lows. "SHOW ME THE MONEY"
Then it's a steady rise usually back above the 70 RSI indicator giving us amazing profits to our intial investment. That's why swing trade only for a profit and you're confident its gonna retrace and not going parabolic.
Don't be afraid to take a few dollar profit and watch it go down a few dollars. Okay, you're already too worried. Did you invest more than you can afford. :-\ Movving onnn.....
Satoshi
A Satoshi is the smallest fraction of a Bitcoin that can currently be sent: 0.00000001 BTC, that is, a hundredth of a millionth BTC. In the future, however, the protocol may be updated to allow further subdivisions, should they be needed.
If you trade the Satoshi value. You take the stress of trading real money and you focus on raising your number. I get a white board and set my weekly goal. Which will be $200 or something simple. When you hit your targets, it feels good and you get a sense of accomplishment. I recommend this method.
RSI
I've noticed an emerging pattern when you expand the chart. The common RSI levels 30 and 70 are extremly strong indicators on where the market will swing if it hits. Over 70 is a breakout, under 30 is BTFD.
Yup, so it doesn't hurt.
Bollinger Bands ; steemit.com/trade/@i...with-bollinger-bands
I don't know any other way to explain this better than what this dude has already done. So I'll only ask you, if you like making money flawlessly from a phone, at work on your lunch... (Wait that's me, nm) :)
So I can make 1-2 trades an hour. Either shorting the stock (u believe it is going down) or it's time to, BTFD! So, do it. Might as well be doing something while you stuff your face. Heck you might even pay for lunch if you make a decent trade.
Conclusion: :-|
I like ETH. But it's so much better when you apply to alt coins. So, buy ETH, sell ETH, HODL ETH!!! A million reasons yes, a billion reasons no. RUN FOR THE HILLS. GLHF
SO, everytime this sucker drops below 30, we crash and burn. And we just need one good push to lower us to all time lows. "SHOW ME THE MONEY"
Then it's a steady rise usually back above the 70 RSI indicator giving us amazing profits to our intial investment. That's why swing trade only for a profit and you're confident its gonna retrace and not going parabolic.
Don't be afraid to take a few dollar profit and watch it go down a few dollars. Okay, you're already too worried. Did you invest more than you can afford. :-\ Movving onnn.....
Satoshi
A Satoshi is the smallest fraction of a Bitcoin that can currently be sent: 0.00000001 BTC, that is, a hundredth of a millionth BTC. In the future, however, the protocol may be updated to allow further subdivisions, should they be needed.
If you trade the Satoshi value. You take the stress of trading real money and you focus on raising your number. I get a white board and set my weekly goal. Which will be $200 or something simple. When you hit your targets, it feels good and you get a sense of accomplishment. I recommend this method.
RSI
I've noticed an emerging pattern when you expand the chart. The common RSI levels 30 and 70 are extremly strong indicators on where the market will swing if it hits. Over 70 is a breakout, under 30 is BTFD.
Yup, so it doesn't hurt.
Bollinger Bands ; steemit.com/trade/@i...with-bollinger-bands
I don't know any other way to explain this better than what this dude has already done. So I'll only ask you, if you like making money flawlessly from a phone, at work on your lunch... (Wait that's me, nm) :)
So I can make 1-2 trades an hour. Either shorting the stock (u believe it is going down) or it's time to, BTFD! So, do it. Might as well be doing something while you stuff your face. Heck you might even pay for lunch if you make a decent trade.
Conclusion: :-|
I like ETH. But it's so much better when you apply to alt coins. So, buy ETH, sell ETH, HODL ETH!!! A million reasons yes, a billion reasons no. RUN FOR THE HILLS. GLHF