95% of beginners don't understand why patterns don't work as it shown in the books. That's why losses, stress, and worries appear. The point is that only practice and personal experience will help you understand how to use it correctly. I will give you a few secrets how to trade in the channel successfully: 1. after testing the borders of the channel, wait...
Had fun making this as I believe almost every novice trader will be able to relate if you can relate, then you got a lot to work on, which is good Here's an example of what kind of mistakes a novice trader does. avoid those mistakes and if you have done those already, then stop doing that you got the wrong mindset zoom out, journal your trades the same way and...
As we expected, Bitcoin tested the $37800-39600 zone. But how could you predict this? You have to use the volume profile. A volume profile is close to horizontal volumes (bottom panel), but using them, you can indicate: 1. value areas(support and resistance) 2. liquidity gaps This indicator is easy to apply, it is in the left sidebar in the "Prediction and...
Bitcoin has been in a $30,000 to $67,000 global consolidation for more than a YEAR. You can see on the chart that Bitcoin was down -31%, -36%, -58%, -25%, -52%, -19%. If you use a leverage larger than x2, you could be liquidated multiple times! Do you want to increase your deposit? Use risk and money management! These are simple rules that help to calculate...
Hey everyone. Today i want to proceed my sharing of my knowlege about the behavior of large players in the market, how to notice them and how to use it. In the last tutorial we had a discussion about points where the major players places them SL and that this points it is = the biggest sales or buys in the market according the directions. So today i want to show...
Key Level. How can a common tool help you to earn more? Let's take Axie Infinity (AXS) as an example! A key level is a local minimum or maximum. It can be clearly marked after a BIG price movement up or down (points of extremum). Key levels are often the price of 1, 10, 50, 100 dollars, because many traders pay attention to this numbers. On the chart we have...
as i use this confluence to enter trades. 🎯 Risk ON vs Risk OFF market sentiment reflects all the market activity, its not a market sentiment for crypto or forex or stock market its for all the financial markets, when i use this confluence i try to understand what are institutional/retail investors are doing are they buying risk on assets or they are buying risk...
Do you have trouble with FOMO or sticking with your plan? One of the most simple tricks to help take your emotions out of the game and stick with logic is to change your candle colors. Yes, it really makes a difference! Psychologically we are hard wired to react to red and green as STOP and GO reactions. This is actually the opposite of what you want when...
the text in the chart says it all don't think u're a genius because you longed a dip, zoom out to see the bigger picture and understand that any trade requires risk management for this specific reason don't try to catch a falling knife, either go with the motion or wait til it has fallen look for strong demand zone and your stop loss will be your best tool...
never ever ever think like a RETAIL, CT and RETAILS are ALWAYS WRONG if you want to exit the rat race, or stop being a sheep you need to level up your psychology and mindset game this is the biggest alpha I can give you so far
Bitcoin versus the S&P500! Why is volatility so important? Volatility is always an opportunity for the trader and investor. But what is it? Volatility is the ability of price to change in % over a period of time. Buying Bitcoin and the S&P500 at the same time close to the lows you would earn +$400 and the S&P500 +$130. The same with short positions....
🎯 Those are the examples where you use all the confluences i am teaching in my community posts. ✅ Market Structure ✅ Key Level ( Support, Resistance areas) ✅ Candlestick Patterns ( bullish or bearish ) ✅ Fibonacci Retracement ( discount or premium ) You can use them as a single confluence but to have a better trade probability i recommend to allign them...
✅ A spinning top is a candlestick pattern that has a short real body that's vertically centered between long upper and lower shadows. The candlestick pattern represents indecision about the future direction of the asset. It means that neither buyers nor sellers could gain the upper hand. ✅ White spinning tops are candlestick lines that are small, green-bodied,...
I always emphasize that time in the market beats timing the market, but I want to share an interesting approach that you can consider taking when timing the cryptocurrency market, especially when it comes to Bitcoin's overall direction. This is not financial advice. This is for educational purposes only. Tether Dominance - Just as Bitcoin dominance refers to...
As many of you guys know closely look at the Fear/Greed Index indicator when trading the crypto market and i try to allign the technical analysis with the sentiment analysis because crypto market is very emotional and many moves are based on the emotions either it's fear/greed or anything else. For today the 04.02.2022 FEAR/GREED index indicator is located at a...
Shiba Inu (SHIB) is one of the most popular project of 2021. After the accumulation phase, it rose by about 1000%! Now the token has dropped by 70% of its ATH and has been consolidating for about 2 months. Could this mean the beginning of a new growth phase? Accumulation phase is the purchase of cryptocurrency by BIG players to sell higher to the retail...
What is General Pattern Failure? General Pattern Failure occurs when a chart pattern breaks out, fails to hit target, quickly reverses then rejects off that same breakout level back inside the pattern continuing in the opposite direction of the breakout. Pictured above in the original chart is a normal breakout on a Inverse Head And Shoulders Pattern while the...
What is the value of bitcoin? Is it an asset or currency? In my opinion it is neither just yet. In article #1 We discovered that the first time bitcoin was priced by an exchange. They did so by calculating the electricity it took a single computer to mine a bitcoin. So if the last bitcoin will be mined in 2040,What then will bitcoin be priced by? January...