For construction details of yellow horizontals see previous posts. NOT ADVICE. DYOR.
We know many of you are really interested in the smaller altcoins... The altcoins market continues to grow stronger and in bullish potential, here is what will happen next. Now, before we get started, it is always necessary to make this small but very important distinction when we talk about Altcoins. Conventional analysts here talk about Bitcoin and...
Using a weekly log chart showing Bitcoin from when it was only 1 cent up to today's prices of around 9k. In regards to anything mentioned below wait for BTC to close twice above or below any level mentioned for full confirmation. Indicated is each halving of BTC on the chart with the vertical red lines (close enough to date as can't do exact when using weekly...
Double three is a sideways combination of two corrective patterns including zigzag, flat, and triangle. When two of these corrective patterns are combined together, we get a double three Guidelines • A combination of two corrective structures labelled as WXY • Wave W and wave Y subdivision can be zigzag, flat, double three of smaller degree, or triple three of...
Contrary to popular belief, we have been forming a large bull flag since the market flipped bullish back in February. The next move up will be denoted by a significant swing low. As you can see from my commentary I believe the candle we are forming currently is the swing low we need to move toward 30 / 40 / 50 K BITSTAMP:BTCUSD
wanted to post this because I see so many people commenting on and trading these patterns "incorrectly." I put incorrectly in quotes bc I acknowledge that it's subjective. This is ideal from a risk/reward standpoint. Whether one is right or wrong really doesn't mean that much in trading if you make a lot more money when you are right than when you are wrong (or...
Bitcoin's main trend is upward. Which formed the ascending channel . Always trade with the trend. Decide in which trend you are trading and on which timeframe. Decide on strategy and risk management. Your first enemy is a lack of experience and knowledge. Your second enemy is greed and a sense of lost profits. You always have time to make money, the market...
Let’s say you have been down since.... down to the level of 6k. Paid no attention to those that called you a Joke, When You get determined and, while on your Pace, you could make a 20k And Surely, you will look back and BLESS all that has been supporting you and all that Never gave up On You! THINK!!!
NOT ADVICE. DYOR.
For construction details see previous postings. NOT ADVICE. DYOR.
In this video I cover some of the techniques I use for trade management. I rarely post about how I specifically manage trades. Enjoy! *Side notes* -2% of 10,000 is $200. I said $2,000 but then corrected myself :) -I stated I have probably haven't lost more than 5 consecutive trades. Honestly, I probably have but it has been a while. Due to my defensive...
For a long time I've been saying that here is something in 4H trends. This screecast shows why.
NOT ADVICE. DYOR.
Will coronavirus hedge go parabolic or will Chinese stocks recover? We'll soon find out. Caveat - Line Break Charts and small sample size. NOT ADVICE. DYOR.
Okay so I have not paid too much attention to this in the past but just how fast does the RSI reset itself after a run into overbought territory? Well here is a good example of a comparison that can help us understand that the RSI does not necessarily have to drop with the candles and vice versa. The RSI went down a lot during a pretty flat area in price...
Caveat - small sample & line break chart. NOT ADVICE. DYOR.
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