While I have seen and heard of Crypto Trading I must admit that I paid no attention to the explosion of these markets. Being an old salt Bank currency trader when I discovered Bitcoin at 3.00, I laughed and thought to myself these guys are going to get set up by the G7. The Central Banks are the biggest and most Powerful Mafia on the globe. They don't like competition. They will allow them to get really invested and outlaw them crashing the market. I Was Completely Wrong and Missed A huge opportunity because of narrow minded thinking. Am I very Late to the party ? No, I think I missed the First few Dances as this Party is just getting Started. The Volatility is fantastic and the liquidity deeper than the Marianas Trench. I look forward to commenting on and proffering my ideas to this community.
Here are the lower TRNs:
1454.36
1368.75
1296.68
1224.30
1156.00
1031.80
Who Am I To Develop an Indicator?
I must admit that once I developed these areas of Resistance and Support, I could not faithfully trade them. I had no real confidence in the levels because I created them. In order to gain confidence, I had called up several traders from different bank trading desks (all given different currency TRNs as not to skew the data) and asked them to evaluate these pivot points I was using. The positive feed back was overwhelming. All traders wanted to know how to calculate them. Many were using with Fibonacci Levels and Pivot levels to fortify Resistance and Support levels. When asked what service I was using to obtain these levels I then revealed I derived them. Still in disbelief as to their validity I kept asking my fellow traders “Do You See What I See?” Most replied “Of Course” and “Are You Blind?” to the most assuring “ Hey just keep calculating and Giving them to me, they are a great incite.” Their replies to my question convinced me to finally have faith in my indicator. Over time you will also see the power in these points to help you make educated trading decisions that lead to low risk, less confusion and superior profits.
All the Best
Here are the lower TRNs:
1454.36
1368.75
1296.68
1224.30
1156.00
1031.80
Who Am I To Develop an Indicator?
I must admit that once I developed these areas of Resistance and Support, I could not faithfully trade them. I had no real confidence in the levels because I created them. In order to gain confidence, I had called up several traders from different bank trading desks (all given different currency TRNs as not to skew the data) and asked them to evaluate these pivot points I was using. The positive feed back was overwhelming. All traders wanted to know how to calculate them. Many were using with Fibonacci Levels and Pivot levels to fortify Resistance and Support levels. When asked what service I was using to obtain these levels I then revealed I derived them. Still in disbelief as to their validity I kept asking my fellow traders “Do You See What I See?” Most replied “Of Course” and “Are You Blind?” to the most assuring “ Hey just keep calculating and Giving them to me, they are a great incite.” Their replies to my question convinced me to finally have faith in my indicator. Over time you will also see the power in these points to help you make educated trading decisions that lead to low risk, less confusion and superior profits.
All the Best
