Yo_adriiiiaan

Yo_adriiiiaan

Risk management is VERY important, especially in crypto. If you don't know how to manage your money you will likely lose a whole lot. Take ripple for example from 4/24 - 5/09. We can see it trading in a sideways channel. Channel simply refers to the area in which the price is contained. It has this sideways rectangular shape. If you don't understand support and...

Yo_adriiiiaan

This post is meant for traders who may not understand support and resistance levels, how we establish these lines and why they're a useful tool. Support refers to an area that is likely to cause a bounce or a trend reversal to the upside. Resistance refers to an area that is likely to reject the price or cause a trend reversal to the downside. So how do...

Yo_adriiiiaan Updated 

Buy low sell high. But when do you buy? And when do you sell? What I think is important to remember isn't always getting in at the exact top/ bottom, it's about making consistent profits. A good trader isn't right 100% of the time nor does a good trader get perfect entries and exits. A good trader is simply consistently profitable. Making a small profit is better...

Yo_adriiiiaan

Last post on bitcoin cash and how you can use Fibonacci to make money on the bounce. Read my other posts before this one to have a solid understanding of using Fibonacci. If you've been following along then it should be easier by now. Connect the most recent low with the most recent high. Target that beautiful .618 level and boom you make a profit. So say you...

Yo_adriiiiaan

"Buy the dip". I'm sure you've heard it before. But how low will it dip? Wouldn't it be nice to buy as low as possible? Well if you read my last post on using the Fibonacci to buy the dip then you know, we start at the lowest point and extend the Fibonacci to the highest point of a trend. In this situation instead of starting from the absolute lowest at the...

Yo_adriiiiaan

So you missed a nice uptrend? No worries, you can always profit from the bounces going down. If you don't know how to use Fibonacci I will explain. First you need to establish the lowest point (labeled in green) and the highest point (labeled in red). So first take the Fibonacci tool and line it up with the the lowest point. Next, take the Fibonacci and line it...

Yo_adriiiiaan Updated 

Tron is a favorite by many. Their main net just launched and maybe price is doing as well as some may have expected. I've establish a few trend lines to show the support and resistance levels. We could see it bounce based on where we are currently at but I believe we will retrace a little further before bouncing up. That bounce will either occur along the lowest...

Yo_adriiiiaan

I see Neo reaching the .5 and .618 fib levels. In order to make the price go up, realize that there is no price.

Yo_adriiiiaan Updated 

Technical analysis isn't about saying "this is exactly what's going to happen" . It's about analyzing the data we have in front of us and drawing possible cases. In my opinion it's better to prepare for both the bullish and bearish scenario. If you're always bullish or always bearish, you may miss opportunities in the market because you aren't prepared. TA is best...

Yo_adriiiiaan

One of the simplest strategies in trading is to buy and hold. To succeed with this strategy you need to dollar cost average your position. It's not recommended to put a lump sum of money in all at once. Rather buy periodically. We all know that you are supposed to buy low and sell at a higher price. Yet somehow people lose money because they buy high and sell low....