I write this article to shine a light on the importance of the learning process and increasing your knowledge in trading.
Unfortunately, many new traders start trading during the bull cycle without knowing the basics of the market, and the result is almost always the same.
They do not know Bullish trends will not last forever, and this coin has another side!
I...
You may not believe it but I published several intermarket analysis that could be a learning opportunity for avid traders and investors.
Most Bitcoin traders and investors think they have the best performance with 254% gain since November 2020. But they will become depressed if they check the Bitcoin miners stocks performance such as RIOT(+1400%),MARA (+1730%),...
1st we should look at the definition of Intermarket Analysis:
Intermarket analysis is a method of analyzing markets by examining the correlations between different asset classes. In other words, what happens in one market could, and probably does, affect other markets, so a study of the relationship(s) could prove to be beneficial to the...
See the setup for a bullish scenario with pullbacks possible to cover previous gaps up, creating buying opportunities. Often times the gaps in price action will have a tendency to be covered by future price action. These areas act as support and resistance and magnets for price action to retrace and afterward continue the underlying trend.
