Modern technical analysis is different from Classical technical analysis in the sense that
- historical price action is not taken into consideration , rely on more recent price action .
- Trendlines , pivot points are dynamic and keep changing with new price action
- You learn to time markets and not dicsuss charts after action has taken place .
This projection is based on Demark method of fib retracement (price arcs)
We will see rest of the year mostly sideways movement and prices slowly creeping up to 15k levels in Christmas'19.
Analysis is dynamic and would change with new pivot points , follow me for more posts :-)
DId you lose money in the recent Bitcoin dump ? Read the chart above to understand -
Time for a new long !! Market manipulation at its best . Have a look at the chart above .
Start reading the market and stop reading news !!!
Indicators driving the trade -
1.TD count 9 has been reached ( indicating a bullish momentum)
2.Trend line broken ( TD supply line...
Buy above 0.0415 only on Breakout ( place STOP BUY order , unselect REDUCE only )for upside targets,
RSI had a golden cross & trend line was touched once but rejected
Use REDUCE ONLY for TP & SL using STOP MARKET /TAKE PROFIT order
For 2 % risk use 0.9 times of your total portfolio with Cross on leverage ( dont fix...
It is a to- the- point analysis without any frills and lets you know exactly how to put the trade .
A lot of trade pandits will beat around the bush without telling you exactly how to exceute an order on BITMEX . This will show you how to put an order without getting REKT .
First the TECHINCAL ANALYSIS
Eth analysis needs breakdown on all time frames 1 hr (green...
Hey all ,
I understand a lot of you struggle on Bitmex because of lack of money management and complexities in placing orders.
Bitmex = money management + technical analysis .
Bitmex is the best platform in the crypto market because it has got abilities to place take profit , trigger and stop loss all at one go but you should know how to use it .
So set and...
Perfect convergence of multiple factors :-
1. Long term trendline broken.
2.Golden cross on the MACD indicator
3. Divergence on the MACD
If you are still bearish think again !
A lot of traders are still paralysed by the downtrend and in fear are thinking it will go down further .
These were the same traders who were in excitement when the trend reversed at the...