Good morning, traders. The big news yesterday was potential proof that the Mt. Gox trustee was selling Bitcoin on the BitPoint exchange, rather than OTC, through the first half of 2018 (www.goxdox.com). If so, it could help us understand why price failed to rally strongly enough off the $6000 level and ultimately fell through, after that level supported price for...
Good morning, traders. Bitcoin continues to trade sideways with no significant increase in visible supply or demand on the order books. While Bitmex has continued to show stronger supply, spot exchanges are showing stronger demand. Traders should consider both but give more credence to spot exchanges as Bitmex's swap system and 100x leverage draw to it the...
Hey Traders, Here is Section 2 of the "How to read structure (Charts) Tutorial". In this Section, you will learn some of the methods that professional trend traders use to bring home a profit week after week, month after month, & year after year! In this Section, I will be explaining-
- The Characteristics of a healthy trend (Chart 6)
- A simple method that makes...
The highly anticipated release of the How to read structure tutorial is finally here! Thank you for your patience traders, lets get right into it. In Section one and two of the how to read structure tutorial, we spent a lot of time going over the process that I use to identify potential reversals as well as what I consider to be confirmation of a trend reversal....
I know the notations and names are not technical, but just a begginer guide on how to taste a trading range like a complex wine instead of being afraid of it!
Some of the typical occurances in the day week in week out. Here's what needs to be taken note :
1. Price hit the range has high probability for the price to reverse or move sideways (especially after London closes)
2. If price hit the range, sometimes it is followed by a "final" push (breaking the range) before a reversal happens. Some like to call it Market...
Using Wyckoff's schematic 1 Accumulation,we can analyse the volume to the price action and structure. The description worth mentioning is written on the chart :P.
