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Bitcoin (Cryptocurrency)

Bitcoin: Multiple time frame analysisWhat is your favorite time frame? When you finally decide on your preferred time frame, that’s when the fun begins! SHORT-TERM (SWING) PERSPECTIVE: "Earning assets with trades. Looking to sell near the top to buy near the bottom.". Short-term traders use hourly time frames and hold trades for several hours to a week. ADVANTAGE: More opportunities for trades. Less chance of losing months. DIFFICULT: HARD - The smaller the time frame, the greater the difficulty. Study the market daily and be prepared for the worst. MEDIUM-TERM Mix of shorts and longs. It's my favorite. LONG-TERM Trades usually from a few weeks to many months, sometimes years. PERSPECTIVE: "Buy and to forget and when it falls, buy more." ADVANTAGE: Don’t have to watch the markets intraday.Fewer transactions mean fewer times to pay the spread. More time to think through each trade. DIFFICULT: EASY - With cash in reserve to take advantage of opportunities, it's easy.
Education
by RNiedson
1
Newest layout and maybe my best one yet!This layout has everything you'll need for price action trading. All custom settings with included indicators. ( Trendlines, pivot points, bollinger bands, RSI Divergence, VMC-Cipher, Money-Miner with custom settings and bar colors. - This setup is absolutely awesome for scalping and intraday trading. It only has useful moving averages and indicators and everything flows together almost seemlessly. Enjoy!! --CryptoSavvy Link to chart setup - www.tradingview.com
Education
by clardonald20
Bitcoin Wyckoff [Accumulation & Distribution] — ⚠️Possible 24000This trading method was developed by Richard Wyckoff in the early 1930s. It consists of a series of principles and strategies originally designed for traders and investors. Wyckoff devoted much of his life to studying market behaviour, and his work still influences much of modern technical analysis (TA). Currently, the Wyckoff method is applied to all types of financial markets, although it was originally focused only on stocks, but I find it amazingly good on cryptocurrency market and Bitcoin During the creation of his work, Wyckoff was inspired by the trading methods of other successful traders (especially Jesse L. Livermore). Today he is in the same respect as other key figures such as Charles H. Doe and Ralph N. Elliott. Wyckoff's Three Laws The law of supply and demand The first law states that the value of assets begins to rise when demand exceeds supply, and accordingly falls in the opposite order. This is one of the most basic principles in the financial markets, which does not exclude Wyckoff in his works. We can represent the first law as three simple equations: Demand > Supply = Price Increases Demand < Supply = Price Falls Demand = supply = no significant price change (low volatility) In other words, Wyckoff's First Law assumes that the excess of demand over supply leads to higher prices, since there are more buyers than sellers. But in a situation where there are more sales than purchases, and supply exceeds demand, it indicates a further drop in value. Many investors who use the Wyckoff method correlate price movement with bar volume as a way to better visualize the relationship between supply and demand. This often helps to predict the future movement of the market. Personally I recommend use higher timeframes and indicators like ADL and Stochastic RSI. The law of cause The second law states that the differences between supply and demand are not coincidences. Instead, they reflect preparatory actions as a result of certain events. In Wyckoff's terminology, the accumulation period (cause) ultimately leads to an uptrend (effect). In turn, the distribution period (reason) provokes the development of a downtrend (consequence). Wyckoff used a unique technique of plotting patterns on charts to assess the potential consequences for specific causes. In other words, he created methods for determining trading targets based on periods of accumulation and distribution. This allowed him to assess the likely expansion of the market trend after exiting the consolidation zone or trading range (TR). The Law of the Connection of Efforts and Results Wyckoff's Third Law states that changes in price are the result of total effort that is reflected in trading volume. In the case when the growth of the asset value corresponds to the high trading volume, there is a high probability that the trend will continue its movement. But if the volumes are too small at a high price, the growth will most likely stop and the trend may change its direction. For example, let's imagine that the bitcoin market starts to consolidate with very high volume after a long bearish trend. High trading volumes indicate more demand, but sideways movement (low volatility) suggests little outcome. If a large number of bitcoins change hands and the price does not fall significantly, this may indicate that the downtrend may end and there will soon be a reversal. To sum up, the Wyckoff Method allows investors to make smarter and more logical decisions without relying on their emotional state. His extensive work provides traders and investors with a range of tools to reduce risk and increase their chances of success. However, there is no single, reliable methodology when it comes to investment. You should always approach all trades with caution and take into account all potential risks, especially in the highly volatile cryptocurrency market. Best regards Artem Shevelev
INDEX:BTCUSDEducation
by ArtemFuturesTrading
25
EDUCATION - Candlestick Cheat Sheet ⚡⚡One of the most powerful tools in your trading arsenal should be candlestick patterns. Various candlestick patterns can tell us where the market is heading. These patterns can be found on all timeframes, however the Daily candlestick patterns appear to be the most reliable. Once you see these patterns, you can ready yourself for the next move and use other tools to enter the market such as flag patterns, MA strategy - which we've covered before (See linked charts).
Education
by Altsignals
1
EDUCATION - Candlestick Cheat Sheet ⚡⚡One of the most powerful tools in your trading arsenal should be candlestick patterns. Various candlestick patterns can tell us where the market is heading. These patterns can be found on all timeframes, however the Daily candlestick patterns appear to be the most reliable. Once you see these patterns, you can ready yourself for the next move and use other tools to enter the market such as flag patterns, MA strategy - which we've covered before (See linked charts).
Education
by Altsignals
16
Buy at the tops & sell the bottoms! Richard Ney spoke about think of the market like a warehouse, the owners of the warehouse CM (composite man) needs to fill the building with inventory, they need to sell some as they acquire more - issuing news releases of their grand launch. But their whole objective is to buy at the wholesale rate & sell at retail prices. Think of this in a simple chronology form; Strong hands buy cheap and sell at a higher price – to the retail clients, willing to pay more. This is usually due to the retail buying the tops and selling the bottoms. If you take a look at the CryptoQuant chart - replicated from their site, into @TradingView You will notice the drop off towards the end of Feb. this was in essence the buyers climax. I’ve had several people ask – why would the big boys bail at 40k? Again, you need to think of the wholesale/retail scenario. CM buys low and sells high, retail buy high and sell low. If you apply some Elliott logic here, you will see we were at a weekly 3 & that was finished with a daily 5 – giving the need of a correction (in Warehouse terms) selling inventory, in trading lingo – it’s distribution. Here I posted the map in March; As you can see it played out as expected. Let’s go back to the Wholesale logic by Mr Ney; This is by far the easiest way to think about it. The primary goal of composite man (the market maker) or in the warehouse owner. Is to make money. To do this, they acquire stock or BTC and fill their warehouse(fund). In the accumulation phase, CM (Composite man) needs enough inventory to make it worthwhile, making demand – you will see positive news, attracting the retail to the store. The whole process is about supply and demand. Does he have enough supply for the demand? The warehouse will not be filled with only one truck – it will take several months and multiple deliveries to accumulate enough stock/BTC. Then the emphasis is put on mass marketing! Think a Musk tweet, positive news and so on! Attracting retail buyers – who now have confidence in the product on sale as it’s shot up recently. Supply seemingly limited and demand high! As buyers buy – CM is selling as seen by the Blockfi wallet image above. Price driven up as supply becomes exhausted and demand is peaked! Now what? – well Price is too much for CM to want to buy anything back at an ATH. He wants it back at a new fair value – wholesale price. So, the best thing to do is – cause a little fear and doubt, a political statement or a tweet or two in today’s world. The media is basically yesterday’s news, tomorrow. But so many people buy into it and that allows for the puppeteering. And this is known as the distribution phase. We are now at a 1,3 or 5 Elliott wave. Let’s go with only at 1 in Elliott terms. CM can’t frighten retail too much and needs to keep the dream alive. Or there would be no dumb money buying into the next rally. So, the distribution & re-accumulation phase often blends in the 2nd wave of an Elliott move. If you look inside, you will see the ABC type moves giving hope to retail and gathering a strong position to go again. All CM is doing is filling the shelves in the warehouse. He continues to buy new inventory and sell the old (hedging) And once there’s enough supply to make a new campaign – off he goes, selling to the world. If news is bad at the highs, retail suckers would not buy anymore & CM would be left carrying the weight. Instead, the news is good, knowing a drop is imminent. The same applies at the bottom, if news is good – then retail will be buying in preparation for a move up. CM knows how to balance these moves without showing his hand. It’s knowing that retail fools – will always try to catch the bottom and stay in until the top. And you wonder why it is that retail lose 75% of the time or more! CM simply takes advantage of the retail’s fear and greed. I recently wrote another TradingView article on emotional analysis. This explains a little as to why Elliott, Wyckoff and Dow theory are still used today. The logic from re-accumulation or Elliott 2 – goes on into 3, down to 4 and then up to 5. Before the cycle is completed and a new cycle starts. We cover this in more depth with the education. But I hope you get the general idea here. Enjoy the rest of the weekend! Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
COINBASE:BTCUSDEducation
by Mayfair_Ventures
47
Un-Common Sense...I have recently recorded a video titled “Fear + Greed = Stupidity” I would say that lack of patience is the number one problem of traders who have come to me for mentoring or education over the years doing this. There is a term used in the industry known as the 90-90-90 rule; 90% of traders, lose 90% of their money in 90 days. Just think about that for a second! There are two types of money, 'smart money' and 'dumb money'. You, 'retail' traders are 'dumb money'. The investment banks and institutions consider themselves the 'smart money'. Their job is only to move the dumb money into the pockets of the smart money, and they do this every day, all day long. (making the rich richer & the poor ...............well broke). It amazes me, that it takes several years to go through university for many professions, yet the assumption is that you can work part time as a trader (after the 9-5) and come and dominate in crypto or FX – and we wonder why 90% lose 90% of their money in 90 days… In order to make money in the markets, you need liquidity. The 'dumb money' provides the liquidity that the 'smart money' uses to get in and out of trades. Trading is a zero-sum game, every single penny you make is because some other poor soul lost it. For every buyer there's a seller and vice-versa (in an efficient liquid market). Have a read of this little parable by @Paul_Varcoe Think of the ‘business model’ of the exchanges and brokers; many have built their empires on this one simple rule – they are happy to give leveraged accounts to people as they know it’s only ‘dumb money’ that take them up on the offer, pushing people into the funnel is a repetitive cycle. Many brokers offer commission to introducers for what’s known as “FTD’s” first time deposits. Some offer introducers commission on spreads. They know all too well; the dumb money pouring in is the fuel for the machine. Humans are naturally designed to lose; we have the fear of being hurt and the welcoming of pleasure, this goes on to create more endorphins. So, when we see a red P&L or open position, we naturally want it green so we leave the losses run. On the HOPE of it coming back. But when we are green, we cut the profits for the FEAR of it turning red. Again, step back and have a think about this point. Now combine what I have just said above; Fear + Greed = Stupidity and smart money are here to make you broke, as well as the fact that exchanges have based their business off the 90-90-90 rule. What to do about it? 1. Do you use wide stops? If so, you’re just making the brokers rich and guaranteeing losses on your part. After all, the market always trades towards the stops. How else will it shake out all the weak players before making the real move? Using the right techniques, you can learn to enter and manage your risk a whole lot better. Many “gurus” will be teaching methods that most retail traders fall for, this is another machine for making money off dumb money. I have seen these educators talk about not using stops or trading standard off the shelf tools. You ever hear some guru say "The price is about to break support off the back of a hanging man, RSI is overbought and price broke out of the Bollinger band channel. It has also crossed under the 21-week EMA" (or some other shait like this), just remember that the price doesn't care, it'll go wherever the composite man needs it to go... 2. Statistics show there are certain times to trade various chart formations, stochastic are great in ranging markets and RSI are better suited for trending conditions. All of the dumb money are busy trading RSI in range bound markets as it’s the only tool they know how to use. Knowing when to use tools will go a long way – you get to a point of not really needing them, but until then acquire some more tools for the tool-box. A screwdriver is no good for hammering in a nail. 3. Do you know when to reverse your position? Since the market loves to catch everyone going the wrong way, this is a great and highly profitable tactic, but you have to know how and when to do it. I had a ton of people tell me how wrong I was on the call made in March for BTC – perma bulls, in an exhausted market. Glad to say my 30k call for the drop from 62,500 was on point. Over shot by 2k, but what’s that among friends? (See rocket post, in the related ideas) You have to work the market both ways, or at least learn to sit out during the corrective phases. They do happen from time to time! 4. Making a plan – people are busy trying to catch the bottom, this is reminiscent of that lego batman scene “first time” after several attempts of calling the bottom. They will be right at some point. The number of posts on TradingView calling the BTC spring in the most recent drop – scary. When building a plan, it should be focused on risk management and a systematic approach for both entries and exit. I would much rather catch 60-80% of the swing with high probability, than try to obtain the full A to B move with little possibility. 5. I encourage the traders I mentor to “Trade less. Earn more.” You need to learn that its better to make a bit with 95% certainty than to try to make 100% with only a 10% chance of hitting the home run! And in this way you keep your liquidity costs low and add to your earnings at the end of the year. If you’re looking to trade crypto – take a look at this; On the psychology side; And finally here’s the logic for why the cycles can last a “little longer” – see yesterday’s stream! www.tradingview.com Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
COINBASE:BTCUSDEducation
by Mayfair_Ventures
98
Unique Pattern BTCThis is the strongest Bitcoin Pattern. Its called the Ladel Pattern, and it Starts when BTC reaches All-time high. The Ladel pattern has been consistently appearing at every major all-time high of BTC. And the accuracy of this pattern is pretty high as you’ll see in this video. People are used to “One Size Fits All Patterns”. The ladle pattern is proof that each Currency/Stock does have their own unique patterns that cannot be found in the traditional textbook pattern list.
BITSTAMP:BTCUSDEducation
by MoonBets
9
Found something awesome about DXY and BTC!Hi every one today we wanna talk about something that Is pretty Interesting and quite awesome for Crypto Traders! so we observed the chart of DXY and BTC and from last year they've been moving in the opposite direction! pay attention to the charts! you can see that the price of BTC starting from may 11th 2020 has started a bullish rally while on DXY chart the price has the started a Bearish movement exactly starting from that date! and In a single year DXY has kept Decreasing and BTC kept increasing . starting from may 11th 2021, DXY has started a bullish movement and you can see that the BTC price has started a bearish rally from that point. so we can come to a conclusion that If DXY moves (weather It's Bullish or bearish) BTC always moves in the opposite direction and of course Crypto market follows BTC. So this thing can be quite helpful for Traders such as you to understand the market better. Have a nice day and Good luck.
TVC:DXYEducation
by CobraVanguard
10
Why do most traders get burnt buying the high side?weekly, 2 week and monthly charts hold the most value for any investor, Here's why, I strongly believe that the high percentage of investors that fail to trade the markets correctly is simply because they don't know where the buyers and sellers are. With higher timeframes, we can eliminate a lot of the unnecessary noise in the markets and identify the true direction of a market. I think that a lot of traders fall victim to wanting to make quick money and lack patience. I personally like to treat the markets as an alternative avenue to generate passive income over an extensive period of time. I like to trade less and I like to increase my chances of winning more consistently by playing the megatrends. Patience and saying no to greed is a skill set that every investor needs to master. Without the right mindset to approach the markets will break you. There is nothing wrong with day trading, but just know that the micro-trends in any market can be very misleading most of the time. You're studying price action on such a low timeframe that you tend to forget what the big picture of a true market cycle is representing. Become patient and let the investment work for you over time. I can day trade but to me, it's not worth my time and effort. Anyways, This video will talk about the lifecycle of Bitcoin and the megatrends. You always hear the hype and the story of "How I bought high and lost money in the markets." Every megatrend on bitcoin has been easy money if you would have just played the buyers or the sellers from a long-term perspective. I will talk more about this in the video, Take Care.
BITSTAMP:BTCUSDEducation
by UnknownUnicorn2319099
3
Trading - Expectations VS RealityHey Traders, In this post we will aim to clear some of common misconceptions of trading and how we can help you go further in your trading career by giving you all the tools you need to better understand the market and kill the game. ____________________________________________________________ 1. Trading is easy. Trading is relatively easy IF you know the rules of the market and use certain analytical techniques. Once you have a full arsenal of technical tools, you can easily understand the market and figure out where it may go next. 2. Market moves in one direction. That can be true to a certain extent where we have trending markets. However, within that trend there are various types of pullbacks. Once you understand the different market phases, you can make money whether it's a trending or ranging market. Opportunities are endless! 3. Buy when low. Sell when high. If only things were that straight forward, right? Sometimes the lows aren't really the lows and the highs push higher and higher. This is when you need to understand the different patterns and structure of the market to help you figure out where the best possible place is to buy or sell. Once we understand the market, we need a trading plan. How do we enter? Where do we enter? Where is the stop loss? This is where having rigid checklist really helps! You can tick things off the list and grade the trade setup from good to bad and then enter accordingly using various entry methods. It may sound like a lot of but once broken down into little bits, you can learn this EASILY and know exactly how to analyse and enter trades! ____________________________________________________________ What we will be covering: - Market structure: Impulse & Corrections - Using Index charts to correlate your trades (Very important Topic!) - Drawing a trendline and levels correctly – There’s a hack to it! - Using Moving Averages Correctly - Combining higher timeframe & lower timeframe - Different patterns and how to trade them - More topics to come! Comment below on what other topics you would like to see! I hope this post help clarify some of the misconceptions of trading and the different elements involved. See the links below for information on how we can help you!
OANDA:XAUUSDEducation
by WicktatorFX
30
What is it that's stopping you from becoming a better trader?In this video, I touch more on emotions and how an "average trader" approaches the markets. I believe that we as traders get the wrong impression on how to read a chart. I feel that most traders have a strong tendency to make trading more complicated than it needs to be. I've traded with so many strategies out there and I always tried to search for the next best thing. But the one thing that I made complicated was figuring out how to park my cash and let it work for me by following the right side of the trend. The market is nothing more than buyers and sellers and our job is simple... Make sure to be on the winning team. One of the most common things told in the educational side of the markets is, "The trend is your friend." - (THE MOST VALUABLE GOLDEN NUGGET") I strongly believe that we focus on an exact price entry combined with so many other trading routines and in the long run, it just makes trading complicated for most. You need to stay patient and let the trends play out. Filter out the noise, Take a break and let the bigger picture unfold. The confirmation will come when it is ready. Don't put a price on it. Don't put a time on it. Just let the market breathe and take what it gives you. Take care,
BITSTAMP:BTCUSDEducation
by UnknownUnicorn2319099
3
Bitcoin Demand on MonthlyI'm looking for long-term opportunities to convert my dollars into Bitcoin. This is the monthly BTC/USD chart and the yellow area tells me that demand exceeded supply in a huge way. We have yet to visit this area for the first time since so this is a "fresh" demand zone. If or when price ever returns to this level I will be buying because the odds will be stacked in my favor. The news, trading view, twitter etc... will be very negative on bitcoin if price returns to these low prices. I want to buy from these sellers.
BINANCEUS:BTCUSDEducation
by SupplyDemand
3
EDUCATION - Moving Average Trading Tutorial ⚡⚡What is a Moving Average? In technical analysis, there’s an indicator called moving average which calculates the average closing price over a set period of time. If the market is too choppy, often a moving average can help smooth things out and provide a clearer visual of what’s going on in the market and an indication as to where the momentum is whether it’s a bear market or a bull market. How is moving average calculated? A moving average is calculated by calculating the closing prices and then divided by the set number of days e.g. 100 day moving average takes into account the closing prices for the last 100 days and then divides it by 100 to give you the moving average. Once you have enough data, you will be able to plot a smooth line which you can use to help with your analysis. How do you use moving average? In very simple terms: if the price is above the moving average, you can assume that the market is bullish. If price is below the moving average, you can assume that the market is bearish. The way we use the moving average is that we see it as dynamic resistance/support. Dynamic support – When price is above the moving average and approaches it, the moving average will act as a support base where price could potentially bounce off. Dynamic resistance – when price is below the moving average, price may come up to reject the moving average before moving lower. Transition from bearish to bullish (vice versa) We found that one of the most probable moments where the moving average acts as a dynamic support/resistance is when price impulses through the moving average and then retests it. It is possible to gain an entry on the retest provided there are other confluences playing a part such as previous structure or price action. What moving average do we use? 100 and 200 moving average. Examples
Education
by Altsignals
4
EDUCATION - Moving Average Trading Tutorial ⚡⚡What is a Moving Average? In technical analysis, there’s an indicator called moving average which calculates the average closing price over a set period of time. If the market is too choppy, often a moving average can help smooth things out and provide a clearer visual of what’s going on in the market and an indication as to where the momentum is whether it’s a bear market or a bull market. How is moving average calculated? A moving average is calculated by calculating the closing prices and then divided by the set number of days e.g. 100 day moving average takes into account the closing prices for the last 100 days and then divides it by 100 to give you the moving average. Once you have enough data, you will be able to plot a smooth line which you can use to help with your analysis. How do you use moving average? In very simple terms: if the price is above the moving average, you can assume that the market is bullish. If price is below the moving average, you can assume that the market is bearish. The way we use the moving average is that we see it as dynamic resistance/support. Dynamic support – When price is above the moving average and approaches it, the moving average will act as a support base where price could potentially bounce off. Dynamic resistance – when price is below the moving average, price may come up to reject the moving average before moving lower. Transition from bearish to bullish (vice versa) We found that one of the most probable moments where the moving average acts as a dynamic support/resistance is when price impulses through the moving average and then retests it. It is possible to gain an entry on the retest provided there are other confluences playing a part such as previous structure or price action. What moving average do we use? 100 and 200 moving average. Examples
Education
by Altsignals
24
Futures BasisIn crypto the derivatives market accounts for the most volume so it's important to be aware of the dynamics of that market. There are two types of contracts that are very popular: the perpetual swap contracts and the classic futures contracts with an expiration date. The main difference between the two is that perpetuals are continuous contracts on which, in theory, you can keep your position open for as long as you want as the name would suggest. On the other hand futures contracts settle after a specific time period. In crypto the quarterly contracts are the most popular and they last 3 months of course (one quarter of the year). Quick tip: the exchanges Huobi and Okex have the most actively traded quarterly futures contracts, although Binance has gained a lot of market share too in recent times. These futures contracts, normally speaking, trade higher than the spot market (or the perpetuals which closely follow the current spot price). The further away the expiration the higher the prices are (for example December contracts trade higher than September contracts). Eventually decay happens when the expiration date starts nearing and in the end the futures contract completely converges and starts trading at the same price as the spot market. Quick tip: the vast majority of futures contracts in crypto are coin margined, although there are also a few dollar margin contracts (which use tether). The futures basis looks at that premium at which futures are trading compared to spot. The calculation is simple: (fut - spot) / spot This information can give you valuable insight in what's happening in the market. Most of the time these futures contracts from different exchanges trade at similar prices, although small differences always happen, and they move in line with spot albeit at a premium. However sometimes the futures (or futs in short) diverge a little bit more radically and they rise or decline more relatively to the spot market, or they even start moving in the opposite direction. Thus divergences can happen, both bullish and bearish. Comparing the lows and highs of the spot price and the futures prices can give you insight in how aggressive derivatives market participants are in either direction. When the futures are trading higher than the spot market, which could be considered the default setting, they are trading in what we call "contango". Nevertheless sometimes they do trade below the spot price and we call this "backwardation". When looking at historic crypto data we can easily conclude that backwardation only ever happens after a violent sudden crash or a deep sustained downwards bleed. Quick tip: these moments of backwardation have proven to be great buying opportunities more often than not. So paying attention to the futures basis can pay off, literally!
FTX:BTCPERPEducation
by ByzantiumScripts
3
HOW TO buy shitcoins?Hey guys, Many people asked me how they can get some altcoins they had in mind (AKA "shitcoins"), so I thought why not publish an idea? I'll make this short. There are three main ways to buy these coins: 1. Trust Wallet (PancakeSwap & UniSwap) 2. Enterprise websites 3. Any cryptocurrency exchange provider Trust Wallet First, you have to make a Trust Wallet. You can use crypto.com or any other platform you like, but make sure it supports BNB. Then buy some BNB and then transfer it to your Trust Wallet address. After your transfer is processed, open your BNB page on your Trust Wallet and then swap it to the Smart Chain (Because you will be using Smart Chain to make your purchases). Now that you have everything done, you should "connect" your Trust Wallet to either UniSwap or PancakeSwap if you're using an app, or go browse through your Trust Wallet to the PancakeSwap or UniSwap websites to get your desired coins. That's it. This method is used a lot because most "shitcoins" are not available to buy when they first come out. But you can readily get them on your Trust Wallets. Enterprise websites This method is hardly used because it's only relevant when you can't find your shitcoins on trust wallets. After all, they are exclusively launched only and only on their websites. So you only have to connect your Trust Wallet to their website or any other payment method they require. Any cryptocurrency exchange provider If your desired coin has been on the market for a while, there's a possibility that you can get it on any ordinary exchange website like you buy Bitcoin or any other coins. So there's not much to explain here as it's pretty obvious how you can make the purchase. Now let's talk... Have you used any of these methods? What are your experiences? Any tricks you got in mind so that we can strategize buying shitcoins based on it? Comment below!
Education
by ShawnMCR
1
Continuation Chart Patterns - Falling WedgeHello guys, this is an additional Tutorial idea following the previous one. You can also use this trick to read your chart if you want to make sure if it's bullish or not. It's called a Falling Wedge. What is a Falling Wedge? When this pattern is found in an uptrend, it is considered a bullish pattern, as the market range becomes narrower into the correction, indicating that the downward trend is losing strength and the resumption of the uptrend is in the making. "The falling wedge pattern is characterized by a chart pattern which forms when the market makes lower lows and lower highs with a contracting range. When this pattern is found in a downward trend, it is considered a reversal pattern, as the contraction of the range indicates the downtrend is losing steam. When this pattern is found in an uptrend, it is considered a bullish pattern, as the market range becomes narrower into the correction, indicating that the downward trend is losing strength and the resumption of the uptrend is in the making." Now let's talk... Have you used this patterns? What are your experiences? Any tricks you got in mind so that we can improve reading charts based on it? Comment below!
Education
by ShawnMCR
5
Continuation Chart Patterns - Let's ReadHello guys, Now that the market is pushing down and we all know what's about to happen, I thought let's not talk about the obvious analysis and learn something. Today I decided to teach you guys about four famous chart patterns so that maybe you can cheat a little on how to play with this market. I have set out 4 patterns for you: 1. Bullish Flag Pattern 2. Bearish Flag Pattern 3. Bullish Pennant Pattern 4. Bearish Pennant Pattern Bullish Flag Pattern: Bullish flag formations are found in stocks with strong uptrends and are considered good continuation patterns. They are called bull flags because the pattern resembles a flag on a pole. The pole is the result of a vertical rise in a stock and the flag results from a period of consolidation. Bearish Flag Pattern: The bearish flag is a candlestick chart pattern that signals the extension of the downtrend once the temporary pause is finished. As a continuation pattern, the bear flag helps sellers to push the price action further lower. Bullish Pennant Pattern: A bullish pennant is a technical trading pattern that indicates the impending continuation of a strong upward price move. They're formed when a market makes an extensive move higher, then pauses and consolidates between converging support and resistance lines. Bearish Pennant Pattern: A bearish pennant is a technical trading pattern that indicates the impending continuation of a downward price move. They're essentially the opposite to bullish pennants: instead of consolidating after a move up, the market pauses on a significant move down. When to use these patterns? Well, It's known that using tricks like this requires wide time ranges. For example, you can't get good results using 15-min charts on these patterns. I always try to use 4H charts to get the best results. There are other patterns too, which are helpful but I'll get to them in the upcoming published charts. Now let's talk... Have you used these patterns? What are your experiences? Any tricks you got in mind so that we can improve reading charts based on it? Comment below!
Education
by ShawnMCR
8