ETH + ALARM BELLS on TradingView
Updated
Important facts you should all know regarding tradingview. If you don't read this you will lose money and will always find it hard to succeed.
For those of you that are reading you will appreciate this info as its probably one of the most valuable things to understand when trading.
The tools at your current disposal probably aren't being used as they should be, here you will see how easy things can be.
BTC has had strong movements, if you think you can trade alts while BTC is doing its thing without being cautious you will lose.
Tradingview has created tools for us ALL to use, simple alarm systems. I posted a trade yesterday on THC (in related articles) the trade shot up 10% in the first hour. I published if the BTC breaks the 200EMA on the daily then close the trade immediately, and guess what when it broke the trade crashed but if listened to instructions you hit target 1, moved up your stop and sold at a 10% profit as you sold when BTC broke the 200EMA.
Now i'll explain how tradingview makes life easy for us, they have a system where you can set an alarm for when Price crosses EMA etc, so you select this, switch it on and tradingview would of alerted you BTC crossed 200EMA yesterday and you could of sold out of your alts immediately. How easy is that people say can you update the chart when you need to sell...... Tradingview doesn't sleep I do so set their alarm and you can't fail.
Why do the alts crash when BTC drops? I am going to write an article on this it will be the most powerful article for your trading success.
BTC is part of the pair you are trading example ETH/BTC so you must check both charts..... IF BTC is crashing everyone will sell their ETH to get out their BTC to the sell back to Fiat. Simple millions of dollars are pulled out in seconds just as when we crossed that 200EMA the next support was long down who wouldn't sell their BTC in a hurry, half the market did and 90% of alts went with it as everyone pulled out.
So if you don't use tradingview charts to analyse buy it today, sign up forget the charts on exchanges they are only useful for price nothing else. Use alarms on BTC when trading alts, set alarms at its supports so when you break support on BTC jump to your alt and sell before it crashes. Simple.
Now looking at ETH been in a downward move and now we have formed a channel, generally you would think we would consolidate and break low However, check the RSI out its momentum is flying up which means it could be gearing for a break out. If so sell at green targets, keep in mind we don't enter until trade confirms so this trade is a guaranteed winner you can't lose.
Don't enter this until we break the channel though otherwise you could buy in lose momentum and break low of channel. See the 50EMA we need to break over this also as thats creating some resistance but at the moment chart says we will break high.
See the top of the Channel the black line go to tradingview now and set an alarm on that price then you get an update 100% when we break channel. First candle to close over buy it.
Same time your buying this keep an eye on BTC as all trades are affected when trading BTC as a pair.
RSI - What is it? Relative strength indicator - Some say its to check the strength as its in the name. This is actually used to check momentum on the currency you can research this.
If i was looking at the strength I would get a chart of Crypto and a chart of the coin I am trading and compare the 2... at the moment crypto is in a downward trend.
Next article I release will be the most important piece for you to read to understand trading BTC against alts and how to operate to profit more.
Cash Is King we all know it so lets earn it now lose it.
For those of you that are reading you will appreciate this info as its probably one of the most valuable things to understand when trading.
The tools at your current disposal probably aren't being used as they should be, here you will see how easy things can be.
BTC has had strong movements, if you think you can trade alts while BTC is doing its thing without being cautious you will lose.
Tradingview has created tools for us ALL to use, simple alarm systems. I posted a trade yesterday on THC (in related articles) the trade shot up 10% in the first hour. I published if the BTC breaks the 200EMA on the daily then close the trade immediately, and guess what when it broke the trade crashed but if listened to instructions you hit target 1, moved up your stop and sold at a 10% profit as you sold when BTC broke the 200EMA.
Now i'll explain how tradingview makes life easy for us, they have a system where you can set an alarm for when Price crosses EMA etc, so you select this, switch it on and tradingview would of alerted you BTC crossed 200EMA yesterday and you could of sold out of your alts immediately. How easy is that people say can you update the chart when you need to sell...... Tradingview doesn't sleep I do so set their alarm and you can't fail.
Why do the alts crash when BTC drops? I am going to write an article on this it will be the most powerful article for your trading success.
BTC is part of the pair you are trading example ETH/BTC so you must check both charts..... IF BTC is crashing everyone will sell their ETH to get out their BTC to the sell back to Fiat. Simple millions of dollars are pulled out in seconds just as when we crossed that 200EMA the next support was long down who wouldn't sell their BTC in a hurry, half the market did and 90% of alts went with it as everyone pulled out.
So if you don't use tradingview charts to analyse buy it today, sign up forget the charts on exchanges they are only useful for price nothing else. Use alarms on BTC when trading alts, set alarms at its supports so when you break support on BTC jump to your alt and sell before it crashes. Simple.
Now looking at ETH been in a downward move and now we have formed a channel, generally you would think we would consolidate and break low However, check the RSI out its momentum is flying up which means it could be gearing for a break out. If so sell at green targets, keep in mind we don't enter until trade confirms so this trade is a guaranteed winner you can't lose.
Don't enter this until we break the channel though otherwise you could buy in lose momentum and break low of channel. See the 50EMA we need to break over this also as thats creating some resistance but at the moment chart says we will break high.
See the top of the Channel the black line go to tradingview now and set an alarm on that price then you get an update 100% when we break channel. First candle to close over buy it.
Same time your buying this keep an eye on BTC as all trades are affected when trading BTC as a pair.
RSI - What is it? Relative strength indicator - Some say its to check the strength as its in the name. This is actually used to check momentum on the currency you can research this.
If i was looking at the strength I would get a chart of Crypto and a chart of the coin I am trading and compare the 2... at the moment crypto is in a downward trend.
Next article I release will be the most important piece for you to read to understand trading BTC against alts and how to operate to profit more.
Cash Is King we all know it so lets earn it now lose it.
Trade active
This trade is developing nicely as we head to target 1.Trade active
Target 1 has been reached. Now move your stop loss to entry, this guarantees that you won't lose any money.From here on in this trade is risk free you only have upside potential! What a nice feeling.
Cash Is King!
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