There are approximately 22,932 cryptocurrencies in existence.
The image above shows the hundreds of cryptocurrencies on TradingView's crypto coins heat map. Click here to interact with the heat map
With so many cryptocurrencies, how does one determine which, if any, are worth investing in?
In this post, I'll explain how I sorted through thousands of...
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(XRPBTC chart)
In order to trade, you must select support and resistance points and proceed with the appropriate trading method.
To do this, we work hard to analyze charts and apply them to...
Crypto trading can be a rollercoaster ride, with prices jumping up and down. To help you make smarter trading choices, many traders turn to technical tools like the Relative Strength Index (RSI). In this article, we'll break down what RSI is, how it works, and how you can use it as a crypto trader, even if you're not a finance expert.
What is RSI?
RSI stands...
Beginners diving into the dynamic world of cryptocurrency trading often find themselves influenced heavily by news. Eager to anticipate trends and, obviously, earn big, they hang on to every piece of information. Here’s the twist: trading based on news, more often than not, ends in heartbreak and empty pockets. 📉 But what’s the reason?
🔑 KEY QUESTIONS:
How can...
Inflation is an economic phenomenon that gradually erodes the purchasing power of money over time. While it may seem like a minor inconvenience, inflation can have detrimental effects on individual savings , investment returns, and overall economic stability.
In this article, we will explore why inflation can be considered a silent killer and...
The Liquidity game is much, much easier than you think.
Most people only want posts that align with their own beliefs, the reality is Bitcoin is becoming institutional and the more players coming does not simply equate to prices rising.
Logic will tell you, these "professional money makers" will want better prices, the accumulation phase on this scale will have...
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Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
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(1h chart)
The biggest disadvantage of trading using moving averages is that it is not easy to identify support and resistance points.
To compensate for this to some extent, we looked at how to...
Here's an example of a pitchfork drawn on the 2 weekly BNC:BLX chart, measured from the March 2020 low to the Nov 2021 high and completed at the Nov 2022 low, and then extended in direction and levels (up to 9 levels can be added).
The chart above makes for a solid example of how pitchforks can be used to derive a trend or channel and find solid support and...
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Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
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The CCI indicator, which is included in the 'Strength' indicator, now displays only the oversold or overbought zones.
Accordingly, it seems that there will be difficulties in understanding the...
I'll be watching just these line to understand that market structure is broken and new bull is here (+examples)
1. Orange - break and retest for bull
2. White - for bear break and retest 2 times, 3rd one just break down
3. Blue - waiting for break and retest of 1st and 2nd lines for bull
Candlestick patterns need to be one of your trading arsenal's most effective weapons. We can determine the direction of the market using several candlestick patterns. All timeframes exhibit these patterns, but the daily candlestick patterns seem to be the most reliable.
Once you recognize these patterns, you may be ready for your next move and use other tools...
This right here is my favorite type of entry where you can basically see a nice bottom and re-test from the pullback before so in my eyes coming back down to this price too fill in the gaps is a MUST PAY ATTENTION type of trade... too me this is a continuation of price action. NOW! don't just get to your desired price and throw a market order in just because it's...
Good day, traders.
I'd like to use this opportunity to advise both new and experienced traders alike that holding (hodling) your position is not recommended beyond a certain point. According to percentage calculations, the return required to recover to break-even increases at a considerably faster pace when losses grow in size (due to compound interest). It goes...
Hello traders, today we will talk about WHY TRADERS LOSE MONEY
BIAS
WHAT IT MEANS…
HOW IT INFLUENCES TRADERS
Availability People estimate the likelihood of an event based on how easily it can be recalled. Traders put too much emphasis on their most recent trades and let recent results interfere with their trading decisions.
After a loss, traders often get...
Today, I want to provide with you an essay that will clarify just how far you should push your trading perfectionism.
There is no ideal trading technique, to put it succinctly and painfully. Losses will be a part of life. Yes, there are High Frequency Trading (HFT) outfits that have been producing successful days after successful days for the past five years, but...
I see this more and more, especially in the crypto space. There are some wild stories out there from turning $8k to a billion through to a Pizza for 10,000 Bitcoin.
Here are some home truths. Although most of you won't want to hear this.
You see, as a professional trader - there is 1 key factor, almost a scale balancing between too much and just enough....
Hello traders, today we will talk about how to manage your life and trading
Hey! When we all started, we encountered some trading challenges.
These issues typically arise in the first year of trading. By year's end, the majority of traders had lost all of their money and had given up forever.
In essence, this was brought on by excessive trading and a lack of...
This technique maximizes the estimation of a risk-on asset of interest, by monitoring capital movements from other markets. I've linked a post in which I explain this theory in more detail.
Thank you!
San
