How do you find a Trading Range (TR)? - Bitcoin Example
Hi fellows,
As you know, I'm a big fan of trading ranges, and I thought of sharing an educational chart on Bitcoin. Note those three tips when charting/trading:
1. Keep It Simple, Stupid (KISS) - "KISS is an acronym for "Keep it simple, stupid" as a design principle noted by the U.S. Navy in 1960. The KISS principle states that most systems work best if they are kept simple rather than made complicated; therefore simplicity should be a key goal and unnecessary complexity should be avoided."
2. Technical Analysis is all about reading and judging a chart. Make sure your judgment is correct, as Jessie Livermore once said: "A man must believe in himself and his judgment if he expects to make a living at this game."
3. Keep an open mind, its ok to be wrong. Markets are designed to fool the majority, but don't let your ego and emotions drive you.
Here is an idea I published on the same trading range that formed on Bitcoin, but before the breakout.
Regards,
Abdulla
As you know, I'm a big fan of trading ranges, and I thought of sharing an educational chart on Bitcoin. Note those three tips when charting/trading:
1. Keep It Simple, Stupid (KISS) - "KISS is an acronym for "Keep it simple, stupid" as a design principle noted by the U.S. Navy in 1960. The KISS principle states that most systems work best if they are kept simple rather than made complicated; therefore simplicity should be a key goal and unnecessary complexity should be avoided."
2. Technical Analysis is all about reading and judging a chart. Make sure your judgment is correct, as Jessie Livermore once said: "A man must believe in himself and his judgment if he expects to make a living at this game."
3. Keep an open mind, its ok to be wrong. Markets are designed to fool the majority, but don't let your ego and emotions drive you.
Here is an idea I published on the same trading range that formed on Bitcoin, but before the breakout.
Regards,
Abdulla