I have to post this apparently...

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Not that it will make a difference with 90% people...
At least it gives me some practice. Always good.

No point for me writting a large textwall explaining everything simply, those that need this do not read it or understand it anyway.

I am not a trend expert. I am not a trend trader. I find it simpler to find reversal points at support at the end of corrections and typically miss the meat of the moves.
Some people do this, most (successful) follow the trend, whatever works for you is good. What you have ease doing.
But I think I am qualified enough to explain what a trend is. Plus I study them all the time to try and figure out where the pullback ends.

Let me make a few drawings a 5 years old can understand:

Now, let me take this 1 step up, making it a little harder, but still with a simple drawing even the people raging at me can understand.

Now, I will make it slightly harder once again.

Let's take it one step further. If anyone is having difficulties, start back at point 1.

Now, to the next lesson, lets combine the 2:

Putting it all together:

There are exceptions:

Some practical exercises:

Are you biased? Or are you not?

Trends are easy, corrections are hard.
Only 1 type of trend. 21 types of corrections.

Can look like this:

Or like this:

Or like this:

Not like this, it cannot look like this:

Or like this:
"Willy bot was built to stabilize the market"
- Mark Karpelès, master troll.
dont try to teach... just post your opinion...
+1 Reply
- No FOMO any more
- Facing with supply zone
- AD break down trendline
- Bearish Engulfing pattern
- All good news has been published
- We're seeing bearish divergences in the RSI ...

Please take a look at our idea and let us know what you think!

Someone seems to be suffering from the Dunning-Kruger Effect.
Thanks for your view - It seems to me that you have a leak in your game, and that is when it comes to reading the market and market psychology in general.

Thanks for taking the time to share this information. I believe there are two key prices to be aware of right now.
selling at 6.6K? goodluck bro
The reckoning has come for coinflip retail crypto traders
They would'nt dare talking this way if they were in front of us.....
Arrogant idiots
+1 Reply
@MrGabe, Plenty of coinflip overtraders "don't miss out" have been blowing up lately + losing money borrowed from friends and family. Crypto coinflip traders have a half life of 1-2 years at best.
These ones will just disappear little by little and be replaced by new ones.

Probably there is a big retrace in this 8000-9000 area. I'll cut my losses if it goes higher and look at 11500 next.

Actually I wonder how they will all react if BTC price drops in half again? "We just need to cool off for the next rally" like last year all year long?
+1 Reply
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