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BITCOIN on hourly chart 13.11.2020💥Hello, dear traders! On the chart, we can see, that the price has formed a rising wedge, the exit from it should be down by the width of the wedge,according to TA. The MacD indicator shows that the market is Overbought, and that's also a signal for a fall in prices. What can You said, friends? What will be the correction? Deep or moderate? Thank you for staying with me💋 I try to be useful to You🧡 Always sincerely with You😊 Your Rocket Bomb🚀💣
BITSTAMP:BTCUSD
by RocketBomb
22
BITCOIN : Deep correction soon?🤔Hello, my dear friends!🧡 Today I would like to discuss with You, what I see on the daily chart. I know, that many of you don't believe in fractals and don't like the typicality of movements, but as we said in Ukraine, "can't throw out words from a song"😆 And one of the market axioms says " History Repeats"! Below I'll put link on my very old tutorial postfor You. If You interested, check it out😘 So let's still analyze the past bull run with the present😏 There has been no deep correction for a long time. Is it really soon?🤔 Share Your vision in the comments) It's okay if your opinion doesn't coincide with mine, I'm always open to dialogue. Let's discuss. Only a huge request🙏🏻, no ridicule, no offense. Let's be tolerant and show respect for each other.😊 Thank you for your attention🧡 I'm glad that You are with me😘 Always sincerely with You💋 Your Rocket Bomb🚀💣
BITSTAMP:BTCUSD
by RocketBomb
43
MA on BTC 🚀💣How to use moving averages!!! A moving average is used to help us forecast future prices and help us identify a trend. By looking at the slope of the moving average, we can better determine the potential direction of market prices 📈⁣ There are two types of moving averages✌🏼⁣ 🔵Simple MA⁣ 🔴Exponential MA⁣ With the use of SMAs we can identify if a pair is trending up, trending down or ranging. The one problem with SMAs is that they are susceptible to spikes. Signals can be false.⁣ EMA’s let’s traders know what is happening in more recent price action.⁣ Disadvanrege of using EMAs is that consolidation periods can present fakeouts The best use MAs in conjunction to eachother. Wait for crosses and use the MAs as a confirmation before enter into deal GOOD LUCK🧡⁣
BITSTAMP:BTCUSDEducation
by RocketBomb
12
OUR health 🧡Hello, friends!💋 It occurred me write a very useful post for you! 💪🏻 ❗❗The trader's activity is filled with daily stresses, worries and psychological stress. At the same time, most traders do not pay due attention to maintaining their health.❗❗ Reasons for Careless Traders' Health 💥Belief in the magical power of money. 💥 When you just start the path to big money, it seems that you can buy everything on them. But, unfortunately, this is not entirely true. You can buy the services of the best doctors in the world without any problems. The problem is different: medicine, unfortunately, is not omnipotent yet. 💥Risk appetite💥 Traders are accustomed to take risks, many of them have an increased craving for adventurism. And adventurous natures can even put their health at stake. 💥The habit of stress and nervous overload💥 Traders are used working in a stressful environment, which seems normal for most of them. People don't think about the consequences of constant stress.😔 So it shouldn't be!!!🙅🏻‍♀️ Let's develop and get better together💪🏻 💥Underestimation of danger💥 Many of us consciously sacrifice health in order to achieve the goal. Worst of all, when a trader (like many businessmen) has an attitude to health as a resource that can be invested in business. The peculiarity of the psychology of a person who tends to success, like an armored train, is the ability to surrender to the business without a trace. 🔥What should be done to reduce the impact of negative factors on the psychological state? 🔥How to maintain and protect your health? 🔥How we can become strong and successful person? 🔥How to find time for a healthy lifestyle? ❗❗❗Don't neglect such important knowledge. ❗❗❗ 🔥Start taking care of your health right now!🔥 ✍🏻If you liked my post, put like, write comments, ... Always Your Rocket Bomb🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
15
How to stay motivated 😉Hello friends! Have you ever felt tired of what you have been doing for a long time? Wild desire to quit this and forget about it forever? I've experienced this a hundred times. What helped me? - recreation - discipline - motivation. I wrote earlier a post about <>. If you have a desire, search for the hashtag #rocketbombmotivation . On the screen, you see a list of what helped me become better🧡 A few years ago, I considered myself perfect girl. I thought I was too good for what was written above, that these are all Instagram phrases to attract attention. I laughed at all this. But I'm glad, that life showed me a different side at one moment. I have lost a lot. But I learned a lesson, an invaluable lesson that made me go up step by step. in 2017, I invested a lot of money in Cryptocurrency trading with absolutely no knowledge.🤦🏻‍♀️🤦🏻‍♀️🤦🏻‍♀️ It seemed to me that I would soon become incredibly rich, becouse Bitcoin continued grow ... As long as your wallet grows, you feel that you are a hero, even a super-hero. What happens next? When I realized that my deposit is almost zero and that my dreams of untold wealth have been destroyed, panic, hysteria begins. At such moments, it seems that you are on the verge of abyss . And all because of what? Because of my own stupidity!🤦🏻‍♀️ How foolish was it to hope that without knowledge and without skills I can become rich? It's impossible. But I'm grateful to fate, that 2018 became a turning point and special for my life. Only "on the verge of abyss", I realized that it was the most valuable lesson, what I need to change my thinking in order to become successful. That's why I've (from the very beginning of my stay here) always said that EVRYBODY need to develop and improve YOURSELF. I wish each of You success and I'll be very glad if my experience can help You to avoid mistakes that happened to me😘 Thank you very much for your attention, I hope you were not bored!😏 Always sincere with You🧡💋 Rocket Bomb🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
4
Just act like a pro, think like a pro, live like a pro. Hello, my dear friends!💋 ⭐Psychological knowledge is basis for starts trading. Probably, you have heard, that among of traders, only 5% are successful. 🧐And what about the remaining 95%? These 95% make up the usual crowd, which was grew up like everyone else. Therefore, many of you are "like everyone else." And you will act “like everyone else” in the markets, and, will losing your money. 💸💸💸 The secret is not in a miracle of indicators and not fantastically profitable trading systems. 🙅🏻‍♀️ 🙉 Everything is only in your head. 🙉 🏹You need to change yourself a little, learn to think in other categories in order to become successful. 🏹 You are responsible for your emotions and actions yourself. In the market it's important how you can manage yourself and your money. 🤑 The market is a game without a beginning and an end, and even without a middle: it all depends on your own plan. There are no bosses, no one will set plans for you, no one will force you to make reports. 🔔You have to do everything yourself. 🔔The market is an environment, that gives complete freedom with limitless opportunities and limitless risk. ✔You need to achieve a strong self-confidence. ✔ 🔪The vice, that killed many traders is greed. Many of us want to achieve everything at once. 🔪 Greed is basis for other vices, such as impatience and excitement. Your greed is enjoyed by other, more experienced players. 🚷Fear and greed are the basis people’s problems. 🚷 Forget about it existence, when you open a trading terminal. ❣ Only if you have a clear and well-developed action plan on the market, with daily work on yourself, with a constant analysis of your actions, you can really solve many problems. ❣ Just act like a pro, think like a pro, live like a pro. You can’t control the market, but you can control yourself. So, you will succeed, even with a primitive trading system. Start working on yourself. 💪🏻💪🏻 Identify your weaknesses, strengthen them with strengths. Study the psychology of human behavior to understand how a strong minority makes profit. 📎Markets are 90% psychology, because the same people work there. And each of them is exposed to fears and greed. 📎 Stay tuned by Rocket Bomb🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
10
BTC / USD by #rocketbomb🔥Hello, guys! How are You doing? Hope You are fine🧡 Once again, wanna remind everyone, who watches me, reads me, follows me or just saw me first time !!! Guys, never go in position on highs. Waiting for the correction and enter the position🔥 For buy Bitcoin at the best price, you should split buy orders intob several levels below) Good trades to everyone🤑 I'm always in touch with you🧡 Always sincerely with You💋 Your Rocket Bomb 🚀💣 Below my EDU post. Check it out😉
BITSTAMP:BTCUSD
by RocketBomb
62
Hope. 🙏🏻 Fear. 😱 Greed. 🤑Welcome, guys! 😊Today I wanna talk with you about our feelings and emotions! Fear of falling prices provokes a sell, and the opportunity to lose chance to make monney leads to an unreasonable buy.💥 ⚡Such pernicious emotion like greed is a manifestation of the trader’s arrogance and his thirst for a good income as soon as possible, which also provokes the unfoundedness of transactions.🤷🏻‍♀️ Many psychologists and scientists do a lot of research in the study of human emotions and feelings, the results of which show the ability to control their emotions. 💪🏻 In trading, managing emotions is a very necessary.💪🏻 Let's consider three seemingly simple emotions on which a trader’s work in the market depends in more detail: 📌Fear 📌Hope 📌Greed 😱The role of fear in trading 😱 In fact, fear plays a significant role in the market. Fear often deprives the trader of the opportunity to earn money, but also saving him from making fatal decisions. The emotion of fear often serves as a kind of "brake" for the trader. A frightened trader is obsessed with the adverse aspects of trading. Fear of losing money generates a lot of other negative emotions in your head. 🤑Trader's greed would destroy.🤑 Greed is a disastrous and dangerous feeling, especially for a trader. The prevalence of greed rarely can help to achieve the desired result. It depriving people of the ability to think soberly and objectively. Often, having felt success, a trader wants to earn more and more by making the following mistakes: ❗ Untimely exit from the transaction ❗ Hold position more then you need ❗ Overstatement of risks 🙏🏻Hope is the last thing to die🙏🏻 Of all three emotions, most market participants live with hope. This emotion is completely opposite to fear, because its presence affects the positive thinking of the outcome of the trade. In moments of hope, the thinking of market participants is aimed at making profit, not losing it. People trade in order to achieve success and financial stability, taking income from the market. The circle of such people was divided into optimists and pessimists, absorbed in hope, fear and greed, only to different degrees. One way or another, an overabundance of these emotions can lead to losses . The best option is to find the “golden mean” and learn how to manage your emotions.💪🏻💪🏻💪🏻 😊😊I hope you enjoyed my post, don't forget to support me with like 🌞, subscribe,for don't get lost!💋 Below are links to my previous ideas👇🏻👇🏻👇🏻 Stay with me🌞 Your Rocket Bomb🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
9
Cycle Theory and Wave Analysis Hi guys. 💋Well, let's continue develop ourselves???💪🏻 Ok, now let's start from the few words about theory of cycles💪🏻 🌀The theory of cycles is more developed at the theoretical than at the practical level, and deals with cyclical fluctuations not only in prices, but also in natural phenomena in general. Almost all methods of technical analysis fit into this classification.✔ 💥If you wanna be successful trader, you need to understand this method of analysis💥 ☝🏻 The trend (impulse waves) has a 5-wave structure (waves are indicated by the numbers 1,2,3,4,5, A, B, C) and consists of impulse waves and correction. 📌 Impulse Waves 1,3,5 - longer than correction waves - show the direction of the trend 📌 Correction Waves 2 and 4 - has a 3-wave structure (a-b-c) - show the direction opposite to the current trend ☝🏻 1st, 3rd, 5th impulse waves have a 5-wave structure of their subwaves. Correction waves (2 and 4) have a 3-wave structure and are denoted by A-B-C. 📌 Signs of a trend reversal in terms of wave analysis are: - finite diagonal triangle - extended 5th wave - truncated 5th wave 👉🏻The 2nd and 4th waves are corrective. The movement on these waves takes the form of the following correction models: - zigzags (5-3-5) (Zigzags) or simple ( zigzag ) correction - planes (3-3-5) (Flats) or flat (flat) correction - triangles (3-3-3-3-3-3) (Triangles) or triangular correction - double triples and triple triples (combined structures) - incorrect correction In fact, wave analysis has nothing to do with the market. At least in the modern world. This theory once worked, but not now. ☝🏻Although it attracts a lot of people with its simplicity and visibility. Now you will not find two wave operators, that would give the same market assessment and forecasts. So many directions and methods of wave analysis have formed today. Wave analysis is an artificially invented method for predicting markets, that is, not natural even for human behavior. 💥If you use it, then be extremely careful. To say, that wave analysis doesn't work is too subjective. Each for himself decides what and how to use. 😆Right or wrong - the market will judge by adding or taking money to the account.😆 🤔I hope I have clearly explained you my vision of wave analysis, if you are interested, you can study this method more deeply.💪🏻💪🏻 😸Subscribe and don't forget to put like to my enthusiasm, I try for you😉😉😉 Stay with me🌞 Kiss You 💋 Your Rocket Bomb🚀💣
Editors' picks
BITSTAMP:BTCUSDEducation
by RocketBomb
19
The Fibonacci levels #rocketbombedu🚀💣Hello, dears!🧡Today I want to introduce you with Fibonacci levels. Let's start💪🏻 Leonardo Fibonacci is a great mathematician who lived in the XI century. The scientist deduced a number of natural numbers, which later began to bear his name. Each number in the series was the sum of the two previous numbers: 1 + 1 = 2; 1 + 2 = 3; 2 + 3 = 5 etc. The result is a series of numbers: 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, etc. Fibonacci numbers have some properties: 📌Division of any number of the series into the subsequent tends to 0.618 (the golden ratio in ancient Greek and ancient Egyptian cultures); 📌dividing any number of the series by the next + 1 tends to 0.382; 📌dividing the subsequent number of the series by the previous one tends to 1.618; 📌division of the number of the series by the second number preceding it tends to 2.618. Fibonacci numbers are often used not only in technical analysis , but also in physics, astronomy and other disciplines.💪🏻 ☝🏻 The technical analysis usually uses the number 0.618 or 61.8%, 0.382 or 38.2%, as well as the psychological half (middle) of 50%. ✔ Very often, based on these coefficients in the technical analysis of the market, Fibonacci lines, Fibonacci levels and Fibonacci periods are built. Fibonacci lines are built relative to significant highs / lows and represent support or resistance lines, from which they make a purchase or sale. Fibonacci numbers - the magic of numbers that works in everyday life. But it works with varying success in trading. ⚡ Please note, that the number of Fibo level workouts is much less than the number of failures. The same applies to other types of levels and various methods for constructing them. 💥You can simply draw arbitrary horizontal lines on the chart, and ... oh that's mystic... they will also be worked out both in the past and in the future.💥 🌞🌞My dear, if you have questions about the topic or you want me to continue the topic of TA, write about this in the comments✍🏻✍🏻✍🏻 Stay with me💋 Your Rocket Bomb 🚀💣 Below are links to previous TA ideas👇🏻👇🏻👇🏻
BITSTAMP:BTCUSDEducation
by RocketBomb
12
TRADING PLAN by Rocket Bomb 🚀💣Hello, friends! Let's talk about Trading plan today! The basis of any action on the market is a well-designed trading plan (TP). The basic rule is never trade without a plan, and when you have done TP, never break it. Work without a plan leads to randomness and spontaneity of actions subject to emotions.🙅🏻‍♀️ ❗❗Before opening a position, you must determined :❗❗ 📌position opening price 📌open position size 📌stop loss order 📌take profit order 👉🏻That's necessary in order to determine the possible risk / win ratio. ⭐⭐A trading plan should uniquely determine the actions of a trader in two scenarios: 1. Price moves opposite the open position 2. Price moves towards an open position ❗A trading plan is drawn up before a position is opened, when a trader is in a balanced emotional state and can adequately think. ❗ After opening a position, you should follow the trading plan very accurately and not allow yourself to make changes to it during the course of trading. ❗ After closing the position, an analysis of the results is carried out, the optimality of actions is evaluated, and conclusions are drawn for the future. ❗ Trading does not end when you close your position. ❗You must analyze it and learn from it. ❗ After closing a position, many players forget about it and start looking for the next deal. ⚡Don't miss the essential elements of the path to the level of a professional trader - analysis of the past and introspection.⚡ Write down your trading plan. Write down the reasons for the exit and what you did right and what is wrong. You will receive a history of your transactions and thoughts in pictures. This journal will help you learn from past experiences and discover gaps in your thinking. 💪🏻Don't forget about self-development!!!!💪🏻 💙If my post was interesting for you, don't forget to put me like and write your thought!!!💛 Your Rocket Bomb🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
11
EDU " How to trade Accumulation and Distribution" 🔥 Today I wanna tell you about accumulation and distribution zones Come on🚀🚀🚀 ⚡Prices always go from balance to balance and no other way!⚡ Wyckoff said that the price always following one of the 4️⃣ phases: 💥the consolidation zone (flat), where the big player is gaining volume , is called accumulation; 💥if after exiting the flat, demand is higher than supply, then the price rises and an up-trend development is observed in the market; 💥the area of ​​consolidation (flat), where large players exit the position, is called distribution; 💥if after the release the supply prevails over demand, then a down-trend is formed. If you look at these 4 phases of the market, the key problem of forecasting further price behavior will lie in the first of them, in accumulation, when it may not be entirely clear where the price will go after. Below, based on the Wyckoff and VSA method, I'll show how to correctly assess the situation and take a position in the right direction. 🔋🔋🔋Accumulation🔋🔋🔋 🏹Phase A - Market Stop. 🏹Phase B - Supply and demand balance. 🏹Phase C - False Breakdown. 🏹Phase D - Search for entry points. 🏹Phase E - Beginning of a new trend. In the ❗distribution❗ phases, everything is similar to the accumulation phase, only upside down. Important💣💣: don't go into shorts in the accumulation zone; in the distribution area don't go into long!!!! Guys, if you liked my post, put me 👍🏻 and write a comment✍🏻 Don't forget to subscribe, if you aren't already😆 And of course, stay with me, dear💓💓💓 Your Rocket Bomb🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
10
HOW TO TRADE TRIANGLES🔥Hello, my dear friends!💋 Let's get a little developed👩🏻‍🎓 Today we a talking about 🔺 TRIANGLES 🔺. These figures 🔺 of technical analysis are distinguished by some “deceit”, therefore they are assigned to a separate category.❗ This is due to the fact, that during their formation it's rather difficult to unambiguously determine in which direction the price impulse will follow - up or down.🤷🏻‍♀️ Among such figures, symmetrical, ascending and descending triangles are popular among many traders. Of great importance ❗is the trend preceding the formation of the figure. So,🔥 if the uscending triangle was preceded by a bullish🐃 trend, then the trend will most likely not change its direction.🔥 On the picture above, the blue 💙 lines - indicate the most probable scenario of the price movement after completion of the formation of the Ascending Triangle . In green 💚 - a slightly less likely scenario that shouldn't be ruled out. Thus, in most cases, the “Rising Triangle” is seen by traders as a bullish pattern .🐃 The appearance of this figure usually indicates consolidation before the resumption of the upward movement of prices.❗ 💥Other features of this figure:💥 🔺the upper resistance level passes through two or more local peaks approximately equal in height; 🔺the reliability of the figure increases in proportion to the duration of the previous uptrend; 🔺the lower resistance line consists of at least two consecutive minima, with each subsequent one must be higher than the previous one; 🔺often during the formation of this figure there is a decrease in trading volumes; 🔺the moment of breaking the resistance line should preferably be accompanied by an increase in trading volumes; 🔺after breaking through, the line of resistance of the figure becomes a line of support; 🔺the approximate purpose of further price movement usually corresponds to the width of the triangle formed by the upward movement. 👉🏻The “descending triangle” is often regarded by traders as a bearish🐻 pattern: This pattern is formed on a downtrend 👇🏻, in most cases indicating its continuation. At the same time, as we can see in the figure near, sometimes when you exit this figure, the price moves in the opposite direction. In its features, this figure is similar to the “Ascending Triangle” formed on the bull trend and, in fact, is its mirror image.🤲🏻 The "symmetrical 🤲🏻 triangle" is a relatively neutral figure: However, for example, if the formation of the "Symmetric 🤲🏻Triangle" was preceded by an uptrend, then this pattern will signal a high probability of continued bull dominance in the market. The same for downtrend. 💥Other features of the figure:💥 🔺a triangle is considered reliable and indicates a high probability of the continuation of the trend, if the trend lasted for at least several weeks before its formation; 🔺to build this figure, at least four points are needed - two for the resistance line, two more for support (a more reliable triangle is formed by six points - three for the top line, and three for the bottom); 🔺as the triangle forms and the range narrows, the trading volume should decrease; 🔺the approximate purpose of price movement is usually determined by the width of the triangle. ❗❗❗Traders should be very careful when working with a triangle, especially with a symmetrical one. Each time when forming such a figure, two likely scenarios of price movement should be taken into account at once. Guys, I try very hard for you💓💓, I carefully select the material, I want to express my thoughts as clearly as possible! 💋💋I like to teach, I get pleasure of it😘 !!! 👍🏻Support my enthusiasm with like!😘😘 ✍🏻Write me in the comments if everything is clear to you, maybe you have any questions!🧐 🌞I'm glad of your feedback !!!🌞 Always Yours Rocket Bomb🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
9
What are Motivation and Engagement in trading? 🤔What are Motivation and Engagement in trading? 🧐 What are Motivation and Engagement in trading? Motivation is defined here as the energy, drive, interest, and inclination to learn and achieve goals. Engagement is defined here as the behaviours following from this energy, drive, interest, and inclination. Motivation and engagement are desirable ends in themselves (i.e., it is great to be motivated and engaged). Motivation and engagement are also a means to desirable ends such as achievement (i.e., motivation and engagement lead to great things). There are four areas of motivation and engagement, and 11 facets of motivation and engagement within these four areas. Positive Motivation • Self-belief. Self-belief is an essential feature of any successful trader. Belief and confidence in ability to meet challenges you face in the market, and to perform to the best of your ability. • Valuing. Valuing is the extent to which you believe what you learn is useful, relevant, meaningful and important. You can assess the importance of the deal in a given period of time. Assess risks and possible rewards. • Learning focus. Traders, who are learning focused are interested in learning, developing new skills, improving, understanding new things, — not just for rewards they become more successful. I ALWAYS DO ACCESS ON DEVELOPMENT !!!NEVER STOP DEVELOPING !! Positive Engagement • Persistence. Persistence is shown by traders when they keep trying to work out an answer or to understand a problem, even if that problem is difficult or challenging. • Planning (and monitoring). Planning refers to how traders plan assignments, deals. Monitoring refers to the strategies used to keep track of their progress. • Task management. Task management refers to how traders use their time, organise their timetable, and choose their potential deals. Negative Motivation • Anxiety. Anxiety has two parts: worrying and feeling nervous. Worrying is fear about not doing very well , miss an opportunity, losse money etc. Feeling nervous is the uneasy or sick feeling traders get when they think about or do their work. • Uncertain control. Traders have an uncertain or low sense of control when they are unsure how to do well or how to avoid doing poorly. • Failure avoidance (or fear of failure). Traders are traing to failure avoidant but the main task is to learn how to control risks in each deal. Negative Engagement • Self-sabotage. Traders self-sabotage when they do things that reduce their success at the market. Example: Be afraid to enter a deal too early and enter a deal too late. • Disengagement. Disengagement happen a trader after several losing trades. The main thing is not to give up, at such moments you need a support of more experienced traders who went through the same feelings. TO BECOME A SUCCESSFUL TRADER WITH FULLY ENOUGH POSITIVE MOTIVATION AND ENGAGEMENT !!!
BITSTAMP:BTCUSDEducation
by RocketBomb
20
Chiliz vs Stellar 🔥🔥🔥Hello, Chiliz fans and dear subscribers💋 Today I would like to present You my comparison chart of Chiliz vs Stellar 🔥🔥🔥. The price movement is very similar. On the right side ( Stellar ) we can see, that after wave 5 we see a distribution according to the Wyckoff Distribution model. Will history repeat itself with Chiliz? We'll find out soon. - While the price continue forming the Symmetrical Triangle and we expect wave 5. What do you say, friends? Be safe and profitable 💋 Always sincerely your Rocket Bomb 🚀💣
by RocketBomb
6
<<Perfect trade>> 😏Are they exist?🧐Hi, my dear friends!💋 Let's talk about Perfect trade. Are they exist?🧐 The “perfect trade” is what every trader strives for. But in order to be able to make "perfect deals", you need to remember some rules before entering each of them. First rule: 🔥Realistic expectations🔥 - Sorry, but not every trade will be profitable. REMEMBER That !!! The first step to a perfect trade is to accept and deal with losses, this will help you get a clear mind for the next trade, which may bring you a profit. Second rule 🔥Managing Your risk🔥 We can't control the market, but we can control ourselves The second step to a perfect trade is to control risk. You must clearly calculate how much you can lose on each trade. The third rule of "perfect trading" 🔥Assess Market Condition🔥 Step Three - We need to understand the state of the market and the structure of the market. - Is the market slow and volatile or is it trending? And accordingly, have tactics for each of them. The fourth rule - 🔥 STRATEGY 🔥 Step four: NEVER LEAVE YOUR STRATEGY !!! There are different strategies in my trading plan, that are used in different market conditions. 💡Even if the trade is unprofitable, if I follow these four steps, it will still be the perfect trade.💪🏻🚀💣 Thanks for Your attention🙏🏻 Stay in touch🧡 Sincerely yours Rocket Bomb 🚀💣 Previous EDU post 👇🏻
BITSTAMP:BTCUSDEducation
by RocketBomb
17
🔥 SOME TIPS FOR BEGINNERS 🔥 𝑅𝑜𝒸𝓀𝑒𝓉𝒷𝑜𝓂𝒷🚀💣Hello, my friends! 🧡I have a lot of new subscribers, that's why I wanna publish EDU posts more often💋 I get great pleasure when I share my knowledge with You!🙏🏻 Today I wanna give some very practical advice for beginners: 👍🏻 Enter in pullbacks of trading markets 👍🏻 Use breakout and retest 👍🏻 Catch reversals 👍🏻 Don't afraid and analyze your loses 👍🏻 Don't stop develop Thank you for staying with me!💋 Always sincerely your RocketBomb 🚀💣
BITSTAMP:BTCUSD
by RocketBomb
11
<<Reversal Patterns of Technical Analysis>> Hello, my lovely and so clever friends! Today we are talking about <> 🧡 💥 Head & Shoulders Pattern 💥 After the pattern has become clearly visible, namely, the right shoulder is clearly visible, the trader needs to wait for the neckline breakout. Breakouts occur on strong impulses with a sharp increase in volume. Therefore, in order not to miss the entry and enter at the best price, it's better to use a sell stop order. To calculate where the price will go after the breakout of the pattern, it is enough to measure the height of the pattern (vertical from the maximum of the head to the neckline) and postpone it to the breakout point. 💥Inverted Head & Shoulders Pattern 💥 An inverted head and shoulders pattern occurs in a downtrend and heralds an uptrend. The rules for working on a figure are similar to the previous ones. It is worth noting that the head and shoulders pattern is rarely encountered in its pure form. Be careful! 💥 Double Bottom Pattern 💥 After you have identified the pattern on the price chart, you need to wait for the breakout of its resistance line. If the price has broken through the resistance, then the target will be the width of the pattern's range - the distance from the lowest point to the resistance. 💥 Double Top Pattern 💥 A double top is similar to a double bottom. The only difference is that this pattern is reversed and occurs on uptrends. The number of extrema in a pattern can be not only double, but also triple, and even more. But the rules of work will be identical for everyone - enter on a breakout, postpone the target to the height of the figure and wait for its execution. 💥 Diamond 💥 We measure the height and wait for the breakdown of the diamond. If a breakout has occurred, then the price movement target will be the height of the pattern from the breakout point. 💥Cup & Handle💥 Trades are opened on the breakdown of the "handle" upwards. Target is the height of the figure. Thanks for Your attention🙏🏻 Stay in touch🧡 Sincerely yours Rocket Bomb🚀💣 My previous work for You 💋
BITSTAMP:BTCUSDEducation
by RocketBomb
17
𝕋𝕣𝕖𝕟𝕕 ℂ𝕠𝕟𝕥𝕚𝕟𝕦𝕒𝕥𝕚𝕠𝕟 ℙ𝕒𝕥𝕥𝕖𝕣𝕟𝕤Hello friends! Let's keep learning?😉 Today we will talk about Trend continuation patterns 💪🏻 LET"S GOOO🐱‍🏍🐱‍🏍🐱‍🏍 🐂 Bull flag 🐂 The principle of bullish flag trading, like all technical analysis figures, is the same - a breakout of the control point is required. As soon as a breakdown has occurred, you can immediately post the target. The target in a bull flag will be the height of the pole. There is one more feature of this figure - the canvas of the flag should be tilted against the main trend. 🐻Bear flag🐻 For the most profitable entry, it is better to enter into a deal with a pending order. As soon as the trade is entered, the take profit is placed at the height of the pole from the breakout point of the pattern. 🐂Bullish pennant🐂 The pattern trading rules are identical to the bull flag trading rules. 🐻Bearish pennant🐻 The trading rules are the same as for the bear flag. Thanks for Your attention🙏🏻 Stay in touch🧡 Sincerely yours Rocket Bomb 🚀💣 Previous EDU post about Reversal-Patterns 👇🏻
BITSTAMP:BTCUSDEducation
by RocketBomb
13