Combined a teaching idea and a trading idea. Trading is relevant now. A pair of BTC/USD, a favorite pair of vanguards.
First, I will describe what is happening at the moment and how to trade, provided that you do not trade intraday. Then I will give training material for real use, and not fortune-telling on coffee grounds.
At the moment, a formation like a...
Bitcoin's main trend is upward. Which formed the ascending channel .
Always trade with the trend. Decide in which trend you are trading and on which timeframe. Decide on strategy and risk management.
Your first enemy is a lack of experience and knowledge. Your second enemy is greed and a sense of lost profits.
You always have time to make money, the market will...
CAVEAT - SMALL SAMPLE SIZE
NOT ADVICE. DYOR.
Trying to work out conditions that need to be met for a big downward move using "line break charts" and MACD.
This weekly one show better what a green bar with a white vertical through it could do for bears
Using USDCNY (Caveat- LINE BREAK CHART & small sample size) See what happens when MACD signal line drops into negative territory. Significant support line for bitcoin price. See Oil and Gold price effect on support line. Will coronavirus shut down bitcoin mining in China? What will happen when Chinese market reopen. Is bitcoin about to explode? Bahhhhhh...........