Hope this idea will inspire some of you !
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Fibonacci patterns of support are holding this market as a bullish pattern. The internal momentum is weak and not being applied to any direction, so I am watching the near-term support and resistance i laid out on the chart as points of interest moving forward.
Today I go over some advanced mass readings and define some excellent ways BTC has been faking us out these past few weeks.
The readings I'm getting make for some choppy trading, I am more inclined to take smaller position sizes until trend clearly defines itself.
Welcome to my new "series" I'm calling this The Trend.
I intend to make a video a day for this series helping our traders keep up with the current state of crypto, and what we need to be prepared for that day. If you like the idea of this channel, please leave me a comment to let me know!
I intend on having a second series as well -- which will be geared...
Here I go at length discussing training channels. Especially flattened trading channels. It is important to note that sideways action is important - at least as important as the uptrends and downtrends. In my last video I show a "support cloud" and a "resistance cloud" (Those are my terms, I've never seen anyone else use them) and they are built by sideways...
Alright viewer's. Sometimes as traders we have to be willing to go against the greater wave of sentiment. Sometimes as investors we have to sit back, look at the big picture, and make our own decisions. This is one of those times, where we need to be ready to make those types of decisions. I think you should watch this video with a grain of salt - and I think...
I wanted to broadcast a quick video showing how you can use indicators, long term trends, and just plain DRAWING! to stimulate trading ideas, and to give yourself some emotional clarification on what is happening in front of you. I do this dozens of times before I feel like i have ONE idea.
I think you should too.
I hope you gain from this experience.