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DNTBTC

district0x, What To Do With This One? THIS IS HOW TRADING WORKSNothing goes up in a straight line... Not with these charts. When prices are going down, we see bounces, green candles, fake moves, recoveries... Then continues the drop... As prices move up, the same is true... We have red days, drops, retraces and then the growth is resumed. We trade but we also read charts. For me, I have to focus on the reading, this is what I am doing for you all. For trading, the ups and downs are irrelevant... This is how the trading goes. Prices going up for a while can be nice but be prepared knowing that they will eventually fall. They can fall for a few hours, a few days, sometimes weeks, or even more... When the drops stop, the market resumes the growth. Back to trading; we don't worry about this at all. We keep it so, so, so simple... This is how trading goes. We set a target (sell price for-profits), And we also set a stop-loss (sell price in case things go wrong). Whatever happens in-between does not matter. We just wait patiently and let our trade develop... THIS IS HOW TRADING WORKS! Namaste.
DEducation
by AlanSantana
6
distric0x Chart Mapped by RequestBy the request of one of our followers, here we have the distric0x (DNTBTC) chart. There are always multiple scenarios that can play out at any time, it is hard to guess/predict exactly when or where each candle will close. Instead of trying to predict exactly when or where the price/value of a pair will be, I rather and try and predict the levels where the candles will turn (change of trend) and ride the whole wave. Here DNTBTC is switching from bearish (dropping) to bullish (rising) which is exactly what we want. If we can find the next resistance levels and also the support, we can know when the trend will potentially change. After a support/resistance level is conquered, we can consider the change 'confirmed'. Here DNTBTC broke below support just to quickly bounce back up. Above support (blue square) we remain bullish and aiming higher. If prices break below support, this is a signal that there can be more red. If by any chance you are trading, it is wise to close the trade and try again on the next wave. It looks like DNTBTC will need to consolidate longer before printing really strong growth. If prices remain above MA200, it can continue straight up... I think a retrace is more likely before the next jump. Thanks a lot for your continued support. Namaste.
DEducation
by AlanSantana
2