In this educational post, I'll be demonstrating how you can approach the market with simple technical analysis techniques, and logic based on simple probabilities. This is not financial advice. This is for educational purposes only. Identifying Support and Resistance - The first thing you want to do, when you begin with a clean chart with nothing on it, is...
🔥 Types of Analysis 📉 In trading and investing there are 2 types of analysis a trader can make to have an edge and generate trading ideas. 📉 There is no such thing as technical analysis is better than fundamental or viceversa, personally i use fundamental analysis to understand what to buy or what to sell on a mid-long term perspective and technical analysis...
Going Full Margin Risk management is the most important in this game because it keeps you alive, keeps your account fresh during bad market conditions. Learn risk management first to understand how to protect your capital first of all and then learn a strategy You have to know your risk numbers in terms of • Risk per trade • Daily Drawdown Limit •...
✅ I will look at the momentum to understand if price has power to move towards my take profit area or no, a perfect scenario is when i enter a long or a short order the momentum should increase from candlestick to candlestick not decreasing, increasing momentum meaning that price has fuel and it is not exhausted. 🎯 Increasing momentum - bulls/bears has power,...
There are a cluster of lows around this area so price will most probably want to take out the lowest low before going higher. This is due to traders stops being positioned under these lows so eventually the market will gravitate to these and take them out and possibly go lower to shake off retail traders, they can only "buy the dip" so many times before their...
Hi Trading view Family, Theres lot of noise on social media regarding selling bitcoin, But we should see this scenario before selling bitcoin.On dailt TF we can see a trendline with fib retracement, And till now it is retraceing 0.382 level with 20 EMA support. Along that we also can have testing of 0.5,0.618 level on fibonacci retracement. And high chance is that...
Hello my small TV community! Today I've prepared a chart where I will be showing you my approach to current Bitcoin price action and how I usually trade. I love to trade ranges as I have a lot success with them, not only with Crypto assets. Usually I am not opened to all four trades, (usually I just follow the trend, when the overall trend is uptrend I just...
Another Ultra Long Term chart ( I hate doing short term trades !) Here is a VERY IMPORTANT quote from Jason Shapiro from the book “Unknown Market Wizards” by Jack Schwager: " Everyone understands that the market is a discounting mechanism. What people don't understand is that the discounting mechanism is not the price, it is participation. Its not that the price...
Dear Traders and Hopeaholics alike, HOW TO SCALP LIKE A PRO - NO BOTS, NO SCRIPTS, JUST UNDERSTANDING HOW THE INDICATORS CAN BE USED. As the self-proclaimed President and Founder of HOPEAHOLICS ANONYMOUS (or HA for short) , you are NOT going to laugh at this strategy... BECAUSE USING THIS... YOU... YES YOU... will be laughing all the way to the crypto...
In today's episode, we review support and resistance as levels. We explain why price action moves the way it does via buyers and sellers and how to enter/exit based off liquidity in the markets. Enjoy! DISCLAIMER: Investing into cryptocurrency comes with inherent risk including technical risk, human error, platform failure and more. Invest at your own risk....
Now, I wanted to take a look at something here. I am new to using the Wyckoff Method for the distribution phase of a chart's characteristics, So this for me is a lesson in time, I want to see how well our charting and recognition here actually come true. In this area, there are Phases A-E A fantastic write up here about this type of charting pattern....
Journey begins today with this 1st lesson for beginners. Jumping on the quick and profitable trading strategies is secondary. Primary objective of Cryptocians account is to provide ground level basic knowledge for beginners right from what are candle sticks and how do the perform, to how to plot strategies and trend lines. Of course in couple of months you will...
These are the most important Bitcoin trends.
10 minute read, you have been warned. This will be a detailed walkthrough comprised of key points for both the bulls and the bears. Technical analysis will be done at a beginner-intermediate level. Readers are encouraged to look up vocabulary they do not understand, because hey, it's almost 2020, everyone can use Google and TradingView has their own wiki. We...
What a beauty move. But be honest...who didn't saw that guys? Just need some manual draws on RSI(20). RSI(20) breakout once, than confirmed twice. Look what caused this on the candles chart: What's next? In the next 45 minutes (before the next 1H close) bitcoin will decide : which direction to keep before this weekend. Be safe: it could be a...
Welcome to everyone. here are some bitcoin analyzed SD zones on weekly time frame. Price respects these zones and there are chances to change the trend's dirrection after touching these areas. As we know there is a prediction of btc price. In this year price could possible to touch around 30k usd. so waiting for the strong move. Enjoy the Weekend. Happy Trading