This is going to be a short post where I explain the easiest way to know when to enter or exit at anytime.
Everyone knows support and resistance levels are a great way to enter and exit, but what about smaller timeframes or ATHs? In general this will help you understand how to trade. Take a look at the RSI. You can easily trade on divergence. I like to enter on bullish hidden divergence and exit on bearish hidden divergence. Mostly because with hidden divergence the change in direction is very quick. If you take a look at the chart 30min timeframe, once you have an established bottom on RSI, the price during consolidation will be headed lower, so you know it will create another bottom on the RSI indicator. Once the RSI crosses the previous bottom, you can enter, and soon after, the price will move upwards. This can help you especially when entering and exiting during a continuation pattern like a flag. You can always do the opposite. I will take a look at the RSI at its previous peak, once the RSI crosses its last peak, I will exit. You will have to take a look a the timeframes and line up the RSI pattern and the consolidation price action to do this correctly. This is especially helpful when the price is reaching highs never before seen. For instance, I did this with KDA, I knew the price was likely not done moving because it had not crossed the previous peak on RSI. Once it crossed, I take profit and use the RSI to re-enter. I hope this helps. Once you understand this, you will know exactly where the price is going. When I make a discord and make the videos, I will show you how to do this. I hope you understand how to do this at least a little. Thanks again.
By the way. ADA is still consolidating in the pattern. If you want the next target, measure the flagpole and add it to the top of the pole. It's that easy my friends! Thanks again!
I am going to make a video soon teaching everyone my approach to charting. I will cover the entire workflow process I go through. I hope you enjoy it.
Tell me what you think?
This is not financial advice. DYODD.
Everyone knows support and resistance levels are a great way to enter and exit, but what about smaller timeframes or ATHs? In general this will help you understand how to trade. Take a look at the RSI. You can easily trade on divergence. I like to enter on bullish hidden divergence and exit on bearish hidden divergence. Mostly because with hidden divergence the change in direction is very quick. If you take a look at the chart 30min timeframe, once you have an established bottom on RSI, the price during consolidation will be headed lower, so you know it will create another bottom on the RSI indicator. Once the RSI crosses the previous bottom, you can enter, and soon after, the price will move upwards. This can help you especially when entering and exiting during a continuation pattern like a flag. You can always do the opposite. I will take a look at the RSI at its previous peak, once the RSI crosses its last peak, I will exit. You will have to take a look a the timeframes and line up the RSI pattern and the consolidation price action to do this correctly. This is especially helpful when the price is reaching highs never before seen. For instance, I did this with KDA, I knew the price was likely not done moving because it had not crossed the previous peak on RSI. Once it crossed, I take profit and use the RSI to re-enter. I hope this helps. Once you understand this, you will know exactly where the price is going. When I make a discord and make the videos, I will show you how to do this. I hope you understand how to do this at least a little. Thanks again.
By the way. ADA is still consolidating in the pattern. If you want the next target, measure the flagpole and add it to the top of the pole. It's that easy my friends! Thanks again!
I am going to make a video soon teaching everyone my approach to charting. I will cover the entire workflow process I go through. I hope you enjoy it.
Tell me what you think?
This is not financial advice. DYODD.
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BTW, I do not mean to enter right now. It is just an example on the chart. LOL in case anyone get confused. I am just showing you how to use it.
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I should also mention using this to trade works best on the 4hr to 1hr timeframe. It is just easier to show you on the 30. If you are using the lower timeframes to make quick trades, you will want to enter at oversold and overbought areas.
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For anyone that is worried, higher lows means the trend is going up. Also, look at my ADA chart showing the outlook. That is what I expect. Rotations by smart money should be expected, that is how they take liquidity and push BTC up. Cheers!
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Happy Veterans Day to all my military family out there! Enjoy the day!
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For those of you who had a holiday yesterday I hope you enjoyed it! I know I did. I made a comment last night because I was laying in bed and couldn't post an update. But I was saying that if BTC does not hold its current level, it will head to 60k before heading back up for its big run. Alts will follow, however, I expect any falls from the vast majority of altcoins will end up turning into a basing patterns. This will be the case for some of the flagging patterns you see that were broken by the pullback. Some will be able to complete their flags and the others will turn into basing patterns. This is due to the overall market being bullish.
Another thing I wanted to note is I have been getting a lot of questions regarding the recent price movements. I basically get these questions anytime BTC starts correcting. I am not worried at all. There are a couple of reasons for this. The first being that I am not emotional when I trade, so worry doesn't exist with me in general. However, I assume what people mean by this question is if I think BTC will fall soon, and my answer to that is no. The reason for this is on chain data shows selling has just started by long term holders. This usually starts at the beginning of a major bullish leg. That is why I said a few days ago that we are officially in the last leg of the bull cycle. Some people do not believe that historical data does not dictate future movements, however I disagree. Every hedge fund manager and whale I know personally, use this data. If you don't believe me, Plan B is an institutional investor who has accurately predicted the price of BTC many times and he set up his models using historical data of assets and on chain data.
The question you need to ask yourself is why you are worried at the beginning of the last bullish leg? Where do you think the price will go? When I say this I am not just talking about the price of BTC, I mean the price of all crypto assets. Do you think the price of ADA will ultimately fall until the next cycle from now? If you do, what information are you using to base these feelings on? I see the opposite. What I see is with all the information we are seeing right now, there is no indication that the market is at its top. Since that is true, that means alts will move up. No small liquidity event or correction will make me think differently until I see large supply changes via the on chain data. This should help you understand how I think and help you control the fear that bubbles up anytime you see a big red candle. Now, I understand that anything can happen. I am not some shill that only thinks the price is going up. However, I can see the on chain data and that will alert me when there is a meaningful change. Thanks again everyone! I will put out more charts later tonight or this weekend! Cheers!
Another thing I wanted to note is I have been getting a lot of questions regarding the recent price movements. I basically get these questions anytime BTC starts correcting. I am not worried at all. There are a couple of reasons for this. The first being that I am not emotional when I trade, so worry doesn't exist with me in general. However, I assume what people mean by this question is if I think BTC will fall soon, and my answer to that is no. The reason for this is on chain data shows selling has just started by long term holders. This usually starts at the beginning of a major bullish leg. That is why I said a few days ago that we are officially in the last leg of the bull cycle. Some people do not believe that historical data does not dictate future movements, however I disagree. Every hedge fund manager and whale I know personally, use this data. If you don't believe me, Plan B is an institutional investor who has accurately predicted the price of BTC many times and he set up his models using historical data of assets and on chain data.
The question you need to ask yourself is why you are worried at the beginning of the last bullish leg? Where do you think the price will go? When I say this I am not just talking about the price of BTC, I mean the price of all crypto assets. Do you think the price of ADA will ultimately fall until the next cycle from now? If you do, what information are you using to base these feelings on? I see the opposite. What I see is with all the information we are seeing right now, there is no indication that the market is at its top. Since that is true, that means alts will move up. No small liquidity event or correction will make me think differently until I see large supply changes via the on chain data. This should help you understand how I think and help you control the fear that bubbles up anytime you see a big red candle. Now, I understand that anything can happen. I am not some shill that only thinks the price is going up. However, I can see the on chain data and that will alert me when there is a meaningful change. Thanks again everyone! I will put out more charts later tonight or this weekend! Cheers!
