CryptoTradeWorldLTD

CryptoTradeWorldLTD

Always wait for the market to retest the recent trendline. If the candles breakout the trendline take short position. If the candles tests the trendline and pulls back, take long position. Always keep an eye on VOLUME indicator for volume confirmation and RSI indicator for fake diversion.

CryptoTradeWorldLTD

Regardless of what type of market analysis a trader uses, there is a set of tools needed in order to do the job effectively. Traders cannot do everything themselves and need certain tools to carry out particular functions to get them through the day. Not having them could mean failure. Obvious basic tools are a computer, phone or tablet, additional monitors,...

CryptoTradeWorldLTD

When approaching a field like Crypto trading where personal decisions translate into profits or losses, having a well-outlined and easy-to-follow plan can make the difference between success and failure. Having a plan to be successful in any field of endeavor is highly recommended, but trading the Crypto or any other financial market without a plan is almost a...

CryptoTradeWorldLTD

We have always believed that the business of Cryptocurrency Trading thrives on 3 things – Intelligence, Psychology and Information. If all humans had the same level of IQ and everyone was emotionally zero (i.e. had similar psychological traits) and if the flow of information to everyone was equal, then what purpose would the Crypto markets serve? None...

CryptoTradeWorldLTD

Many traders would have you believe that a certain trade or indicator is the best way to manage your risk in the Crypto market. But the truth is, the best risk management strategy, is self-discipline. Specifically, as a trader, you must never risk more than 1% of your total capital on a single trade. The main reason for this rule is to minimize capital losses in...

CryptoTradeWorldLTD

The more Lower High and Lower Low points the best the situation will be.

CryptoTradeWorldLTD

The more Higher High and Higher Low points the best the situation will be.

CryptoTradeWorldLTD

We get into the trade only when the new candles start forming, after the breakout of Trend-Lines and a Re-Test of the level

CryptoTradeWorldLTD

It's very important to understand the phenomena and the process of formation of a candle. It tells us the behavior of the buyers and sellers accordingly.

CryptoTradeWorldLTD

Whenever a wick is absent on any candle it simply means that during the formation of that candle, the price fluctuation did not occur with good volume. Comment below whether you perfectly understand the beginner's lessons.

CryptoTradeWorldLTD

Every WICK of a candle tells us a story of it's formation.

CryptoTradeWorldLTD

If you choose the time frame of 1h, each candle indicates the scenario of price within 1 hour. Irrespective of a Bullish candle or a Bearish candle. Bullish candle is a Green candle which simply means that the price has increased within the hour. Bearish candle is a Red candle which simply means the the price has decreased within the hour.

CryptoTradeWorldLTD

The important point we need to remember is that for technical analysis it is very important to keep the chart clean so that we can interact with it easily and can understand the price action well.