Watching Total 2 closely for alts to continue further upside.
Looking for a clean S/R flip of the previous range highs.
Currently Looking Good!, forming a nice symmetrical triangle as well.
We need to be cautious of a fake out to downside, but mainly looking for the apex of the triangle to hold to confirm that bulls are in control for a break to the upside.
If...
I am now about 4 weeks into sharing my #Barrelin pattern and associated trading strategy mostly on Twitter.
In that time I have developed more regimented rules in hopes of automating the hunting if not the trades themselves. Here is the strategy as it stands today:
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Entry
4hr close above 75% on RSI (14)
Continuation
Hold EMA (8) on 4hr close
OR
1D...
Bitcoin is consolidating at the same price range as it did back in January. Once we broke that STRONG Resistance, it flipped to Support while BTC Ranged up.
Now that same critical level is back to being a Resistance Area. The longer a coin/token consolidates, the stronger the Breakout will be. Think of it as a wall, and the more times we hit it in a short period,...
Quick glance: In our last tutorial analysis, we discussed RSI Divergences. In this tutorial, we discuss the difference between a fast and slow moving RSI and how to effectively use this in crypto-trading.
First let us understand what is meant by "lookback" period?
Lookback is the period under consideration. For example, typically RSI is calculated on a...
Read and watch carefully. Learn to think. Opportunities do not turn into a manic-depressive syndrome due to your greed, misunderstanding of work and processes, both local and global.
Shown in the graph for comparison. Today's situation is 19 05 21 ("Creativity 19") versus 13 03 21 ("Creativity 13") a similar situation in the past.
Your intelligence in the right...
If you notice that in the previous Bitcoin crash, there was a move during which the bearish move did not go above the previous candlestick, in other words, no previous candlestick broke until a long shadow candle (pin bar) was formed and Then a powerful ascending candlestick broke its previous candlestick and then an ascending movement was formed ... such...
What is pyramid profiting ?
When we add to our existing profitable positions, while managing risk properly, that's the way to pyramid profiting. Pyramid profiting is done when we see a healthy trend be it bullish or bearish. While bullish, we add to our existing longs, and vice versa for bearish. Basically, we are taking advantage of trends by adding to our...
Hi CryptoPatel Family!
This is a Informational/Educational post on one of Trading strategy PnD( Pump and Dump).
Basically in other words we can correlate it with another word SCAM, we should try to always avoid these kind of strategy.
By following this we can end up with major loss.
Always remember there is NO shortcut to SUCESS.
First LEARN then remove...
Volume is one of those indicators that remain as part of the standard palette of essential indicators (if there is such a thing), and yet, from intermediaries, brokers and exchanges, they teach you how to use it incorrectly. . Ultimately, as with most misconceptions, it is perpetuated by group mentality and dogma, and makes traders who use them fail. However, it...
On this coin, in a secondary trend that has formed an upward channel with an impressive step of more than 100%, a symmetrical triangle is formed near its base of the trendline. The price is clamped. Let me remind you that the "radiant cryptocurrency" made exactly + 600% from the breakout of the resistance level of 0.08572 to 0.59. These are not random numbers. The...
I made an addition to the previous trading idea of working / learning on this instrument as the price broke through the support of the inner channel and the downtrend developed. Entry # 2 into a short position after breaking the support of the inner channel was confirmed. Trading with the trend.
I have shown potential reversal areas in an existing trend on the...
HELLO EVERYONE
Here's some insight on the crpto market cap, supply based dealing with the Circulating supply , Total supply & Max supply.
JUST FOR INTEREST SAKE
HOPE THE MARKET IS TREATING YOU WELL A GOOD ONE...
This is very different from my usual analyses, but I still hope you enjoy!
This chart calculates the premium or discount you are paying/receiving when trading GBTC . If you don't understand how such a thing can happen I will explain at the end!
For now I will explain how I created such a chart and how you can do it yourself! This can be applied to other bitcoin...
I have combined the idea of learning by cycles and pivot points (zones) with an actual trading idea for positional work using the example of the Tezos (XTZ) coin paired with USDT (USD).
According to Dow theory, there are 3 types of trends:
1) main (long-term).
2) minor.
3) insignificant (small).
3) Phases of trends.
In turn, each trend has the following...
Hello, guys!
Here is a cheat sheet for the very reliable pattern - Gartley. If you are able to find it on a chart the successful trade can be executed. The most important thing for gartley is the proportions which should be approximately like on the chart. There are four most popular Gartley's types:
-Crab
-Butterfly
-Bat
-Classical
Please, write in comments...
Hello, traders!
Here is a cheat sheet which help you to identify the most frequent and reliable chart paterns. I should tell you that the patterns from the group "indefinite" are classified as bullish or bearish in classical literature, but in practice we should be careful using it in trading decisions.
BULLISH PATTERNS
Inverted Head & Shoulders , Double ...
1-consistent set actions
-Your action must be consistent
-inconsistency leads to inconsistent results
-what are your goals from trading
2-money management
3-model success
4- Emotion management
5- Trader Psychology
if you are interested any crypto that you want analyze with me and any questions please do not hesitate and comment below the chart!
if u like it...
