Hello traders! Today we will talk about Bitcoin and its dominance! Well, as you know BTC Dominance is in the sharp rise and looking at the current wave structure, it doesn't look like it's already topped yet! A potential continuation triangle formation can be also seen in the ETHBTC chart, which means that BTC is still leading! So, in our opinion, based on many...
This rising wedge played out perfectly, came back to the exact starting point on the 4h.
In bitcoin trading, many chart forms are applied, such as double bottom, double top, head and shoulder bottom, triangle, etc. The most important one belongs to triangle sorting. I think a lot of people remember last November's crash. At that time, bitcoin was in a large convergence triangle, which failed to break upward several times and was well supported in...
cross want to crack resist i believe BTC true in wave 33
Welcome back everybody, Thanks for the 587 likes on my previous video. I hope i can help you out in this video as much as i possibly can as well. In this video, we have talked about 3 RULES THAT YOU NEED TO KNOW BEFORE DAY TRADING BITCOIN. The first rule is HAVING A TRADING PLAN . It is the most important one of all. If you don't have a plan, you will...
All details on chart NOT ADVICE DYOR
Signal line (Orange) has turned positive. NOT ADVIVE. DYOR.
Here's a few helpful tips I have learned trading RSI in a bear market. Watch for trends and act accordingly. Open shorts at good entry points with a stop loss right above it. If your stop is hit, do not panic. Just admit you were wrong and go long/buy into the trend if the buying volume and price action is strong enough. For shorting, watch for the RSI bounces....
Against the Swiss Franc which is also a fiat shitcoin, the USD fell 84% from 1971 to 2011 (40 years). Just by looking at how much it fell compared to Gold from 1975 to 2011, the USD lost 94% of its value. (1/XAUUSD = USDXAU) The same and worse holds for most fiat shitcoins right now. As for Bitcoin and USD, Bitcoin came into life when the USD restarted its...
Sometimes I ask myself why am I producing all this educational material on TW since it gets much fewer views than trade ideas themselves. Usually, the answer is because I want to give something back. I want to teach the ones that want to learn how to catch a fish, not only get a fish. Nikola Tesla said that we should check number 3, 6 and 9 and we would know much...
In this educational idea I will talk about the current state of the global economy and how Bitcoin fits in. Most people don't realize how bad the current situation is. It could last for a few more years, as we have reached a new level of madness. Right now people are buying bonds which are so expensive, that there is no way they will get anything out of them. Not...
So, the title is obvious. Why should you be using this chart. Well unless you want to keep your Bitcoin, pin your ears back. When BTC dominance is going up and keeps going up it means only one thing. Bitcoin is moving faster than alt-coins meaning your alt holdings are bleeding BTC at a heavy rate. Too many people think they are winning in this industry because...
All details on chart NOT ADVICE. DYOR.
All details on chart NOT ADVICE DYOR
Just a simple look at support and resistance. Someone asked me to help them identify support and resistance. When the price does finally go up or down we will see the next area of support or resistance. You can find these by using a Fibonacci or Moving Average or historic support/resistance. If you have any questions leave a comment.
When to buy the dip - NOT ADVICE. DYOR