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:
Comment
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I was surprised this idea got so many views and then I realised "oh it's a bitcoin post nevermind".
dude what the fuck are you trying to say, what are all these drawings proving ??
be direct or just be quiet, nobody waiting for this nonsense!!
MrRenev
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@MonocoleDundee, sigh
jollygreen
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@MonocoleDundee, Appreciate it for what it is.
amir.shahrivar.054
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Dude please get your head out your technical bag and look what's happening in the world around you. there is very high tension between US and Iran in ME in the Persian Gulf. where almost all important OPEC countries are located. there were bombings on UAE and Saudi Oil carriers and Saudi's Oil rigs. USA is gonna send 120,000 troops to the region and it already send USS Abraham Lincoln. any military action by US can trigger a war between these countries. there will be a shortage in Oil supply anywhere on this planet. the price of oil and after that the price of fuels will go up and inflation will hit almost every country. stock markets will take a dive and people will lose their investments. people are uncertain. they are just trying to protect their money by pouring it in bitcoin and cryptocurrencies in general. many people consider BTC a better option than gold because of it's scarcity and it's actually safer to store bitcoin than physical gold. it's also easier to liquidate. of course the fundamentals for BTC is better than ever before but fundamentals of Oil - the most important commodity on the planet - is very bad.
stop with this nonsense already.
majic92
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@amir.shahrivar.054, i have 3x lol when you have said crypto is better like metal are you a illumited also, crypto is backed only by wind.
amir.shahrivar.054
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@majic92, i said "many people". I'm not one of them because i know the intrinsic value of metals is far more than crypto. all i say is whether i, you or MrRenev like it or not people see crypto as a viable option to store their money. people buying it. talking about it. making hype and FOMOing in it. you can call this wind but this is exactly how this market works. put your windshields to use.
filbfilb
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have you considered stand up?
tearliner
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watch this low IQ guy buying bitcoin dip once it pasts ATH and corrects back down to 25000$
Boss_Coyote
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You still missed the monster move .. sucks for you .. haha !
MrRenev
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@Boss_Coyote, You still missed 5 monster moves in other markets .. sucks for you .. haha !
be direct or just be quiet, nobody waiting for this nonsense!!