... facts are in the charts. Not on Twitter.
That volume at the peaks... whoof.
It always feels better to be outside of trades that lack clear direction. It keeps you in control of your money and if you know what you are doing, you may be able to use that capital elsewhere while this thing sorts itself out.
again, maybe demand will show up and push against...
-Target supply/demand and support/resistance zones
-Analyze effort vs result using hawkeye volume indicator (lazy bear)/ volume spikes at key zones
-general pattern recognition
Lazy bear hawkeye volume (standard numeric settings, inverted red/green color scheme. Binance volume feed
-Attempt to identify probable turn points at key re-tracement zones using 1 hour
-Maintain support/demand awareness
-resist temptation to chase
Volume (binance data feed)
the trend is your friend.
don't chase. some spiky volume at the low. have to see how far it pushes it back into the channel.
daily surely looks weak. But those random spikes can really throw the direction off.
look to target above support or below resistance.
New high ground/new low ground TGTs to observe activity.
where is SM targeting?
pretty high volume into that last high zone... no?
lets see how the facts play out compared to what the experts tell us...
To be continued....
The volume spikes are pretty telling.. the volume spikes provide facts that if you understand how to interpret you are closer to golden... and in BTC it really does stand out.
takes practice and patience and you dont have to risk a dime figuring it out. But one must train ones eye....
to keep it simple, look at what happens when price breaks support or...
Identify strength (or weakness) in key retracement zones (fib, linear reg High/mid/low) using the 1 hour.
Indicators: Linear Regression, Supply/demand by AEK_coder, Lazy bear S/R volume, Lazy bear colored volume
Music: Front line assembly silent ceremony
Just a pretty clean examnple of a triple bottom (maybe quadruple) with associated volume spikes.
Low area price rejections on high volume.
Top of range low volume (diminished supply) ... accumulation. Took about 9 days to exit TR for about a 20% impulse. This was a pretty textbook counter trend situation. for a bonus, invert your chart so to see the inverse...
that was a crappy run. But I want to keep it honest.
Probably moving a bit too fast on that one. I will typically have specific training objectives when practicing in this way. For example I may only look for specific candles and their location in order for me to see what the reaction in relation to the volume was or I may sometime shut down all indicators and...