There's considerable confusion about the practical use of anchored VWAPs. Personally, I leverage them as genuine resistance/support lines due to their integration of volume. Consider the 2021 LTC top around 397 USD, often perceived as the resistance line prompting many to exit. However, in my Anchored VWAP trading approach, the true resistance stands at 136 USD....
key Takeaways 1. The risk/reward ratio is used by traders and investors to manage their capital and risk of loss. 2. The ratio helps assess the expected return and risk of a given trade. 3. An appropriate risk reward ratio tends to be anything greater than 1:3. How to Measure Reward-to-Risk (RRR) ? 1. Evaluate the potential price levels for your stop...
Hey guys, I know I've made a chart like this before, but this version is more complete. We all see too many people having the satisfaction of losing their money every day and sometimes it happens to us too. I think it's best if we share with other people how it's done. There are 10 effective and original ways to do this: 1. Panic Sell: This one is a classic....
Moving average convergence divergence indicator (MACD) refers to a momentum oscillator used for a trend following trading strategy. There are two lines, a MACD line and a signal line. When the MACD line crosses above the signal line, MACD is signaling a bullish trend. The MACD line is calculated by subtracting the 26-period EMA (exponential moving average) from...
✅ The MACD line is the 12-day Exponential Moving Average ( EMA ) less the 26-day EMA . Closing prices are used for these moving averages. A 9-day EMA of the MACD line is plotted with the indicator to act as a signal line and identify turns. The MACD Histogram (Below the chart) represents the difference between MACD and its 9-day EMA , the signal line. The...
Wanna lose your money? Follow these steps: 1. Follow Elon Musk on Twitter 2. Panic Sell 3. FOMO Buy 4. Enter more than 5% of your assets into a single trade 5. Use high leverages 6. Buy new hype coins 7. Get greedy 8. Draw meaningless lines on a chart 9. Don't use Fibonacci 10. Believe that you're the smartest person in the room Which one of these mistakes have...
On many websites educating us in relation to various trading methods and trading psychology we see often Wyckoff Schematics in relation to Distribution and Accumulation. This example presents IOTAUSD trading pair, but obviously could be used on others. It's quite complex and extensive for beginner traders to wrap your head around but if true and spotted early...
When doing fundamental analysis into a stock or in this case a coin – you need to appreciate, it is still a company after all. So, your fundamental analysis should include, taking a deep dive into the available information. You might want to review the project use case, the team, and the money the project has raised so far. As you can’t really do technical...
I made an addition to the previous trading idea of working / learning on this instrument as the price broke through the support of the inner channel and the downtrend developed. Entry # 2 into a short position after breaking the support of the inner channel was confirmed. Trading with the trend. I have shown potential reversal areas in an existing trend on the...
I've been curious as to what players would be involved to have the Crypto world have a one trillion dollar market cap. Looking at the top 20 coins, it looks as though we sit around $600 Billion, so less than a doubling of the current market. I truly believe the "FOMO" hasn't even arrived in the market and once they catch on that we'll see the trillion dollar...
It is also worth noting that the coin is relevant for trading now! Now we are in an important zone from which long-term movement is decided! I chose the LTC / BTC pair as an example for positional trading. This coin works perfectly technically. To Bitcoin, the coin is held in a horizontal channel from the very beginning of trading. I think you understand that...
LTC has been in a downwards trend for quiet sometime now. I am currently watching this current demand block. if we break though it we should see a move down to the next demand zone or even a touch and bounce off it. that's when I will be looking for longs. no trade just yet. if we tweezer bottom off the support then I will be looking for longs after a break in...
This is the second part of the training material on the method of capital management - pyramiding or scaling as it is also called. Let me remind you once again in the first part of working long with an uptrend, we earned $ 20,000 - $ 52,000 time. Read more about the process of working in long in this trading idea: Pyramiding How to earn 52000 with a risk of...
huge profit to be made if you can identify chart patterns
BTC update, a live trade in LTC, and a few more Crypto ideas
Got my mic working so Audio included! As I mentioned this is a brief rundown for Bonfire setup and I will include more videos and screenshots soon. Check below for more ideas on this chart below.
Just a quick mention on something interesting I stumbled across while constructing my long term LTCBTC strategy. During the 2015 recovery phase after the bear market, Litecoin started rising aggressively prior to Bitcoin and led cryptos into the start of the new bull market. At some point it pulled back considerably and BTC started gaining momentum and lead the...