Rocketbombedu
Chapter 2 🚀💣 << Methods of Technical Analysis (TA) >>Guys, I thought, that my training posts need to be streamlined and highlighted by topics! ❗❗❗They're difficult to find in the general flow.
Support my idea with 👍🏻 if you like this format.
💡Enjoy your learning!!!
👉🏻By clicking on the links below you can find my posts on such topics:
Stay with me💋
Your Rocket Bomb🚀💣
Link on chapter 1 👇🏻
CHAPTER 3 🚀💣 3.1 << Graphical technical analysis >>🚀💣Guys, I thought, that my training posts need to be streamlined and highlighted by topics! ❗❗❗They're difficult to find in the general flow.
Support my idea with 👍🏻 if you like this format.
💡Enjoy your learning!!!
👉🏻By clicking on the links below you can find my posts on such topics:
Previous chapters 👇🏻👇🏻👇🏻
💥 Money Management (MM) and Risk Management (RM) 💥Hello, my dear friends🧡
🔊I would like to talk a little about money management and risk management. 🙌🏻That’s very important in trading.
Because trading isn’t only psychology. 🙅🏻♀️Your financial result depends on how competently you can manage your available capita l💸.
🤜🏻 Risk management - determining the maximum position volume in a transaction and the maximum stop value.
📌 Never enter the market with one position on all available capital.
The most common money management tactics:
⭐ trade in all capital
⭐ fixed lot
⭐ fixed percentage
⭐ optimal percentage
⭐ safe percentage
⭐ fixed proportion
👌🏻But no matter what money management tactics you choose, the essence will stay the same - you should always consider your risks (the amount, that you will lose in transaction).
If You entered the deal, You should always put Stop Loss, and keep in mind the price level after which you MUST close deal.
✔The concept of positive mathematical expectation✔
The average value of your profits must be higher than the average value of your losses.
THE MOST IMPORTANT RULE IN THE MARKET: 🔴 DON'T STOP! ❣Do not worry about your losses❣
🤜🏻Only on your own mistakes you can learn to be successful💋💋💋
And of course, 👉🏻don’t forget about improvement of your skills.💪🏻
😉Read my EDU posts and everything will be cool :)
🌹Stay with me🌹
Your Rocket Bomb🚀💣
My previous ideas 👇🏻
Who Said, that Road To The Moon 🌜 Would Be Easy?Hello, dear friends!!!🧡
Many of You were worried about the current movement of Bitcoin, so I thought, that a lot of people need my support 💋
And I couldn't sleep without publishing a new chart for You. 🤗
On the left side You can see the price movement of 2019 year. On the right side - the present price movement.
Such movements ( like it was today ) are typical for BTC. ☝🏻
But each trader - master of his own destiny!Everyone can worry, panic, make mistakes. But we must always remember - Trading is a risk! Having missed an opportunity Fomo may comming, being too greedy - a big risk of losses.
LISTEN ONLY YOURSELF 🙏🏻FOLLOW YOUR OWN STRATEGY🙏🏻, MAKE YOUR OWN MISTAKES 🙏🏻BUT DON'T STOP - THAT'S A KEY TO SUCCESS🚀💣
If position size and risks are calculated correctly, there is a great chance of getting profit. 🥂
🔥The most important RULES :
- designate a clear stop-loss in case of a market reversal;
- fix profit upon reaching the targets;
- split buy and sell orders;
- if you make mistake -
you need to accept it - analyze it and move on🚀;
- learn and develop further.
Thanks for Your attention🙏🏻
Stay in touch🧡I'm going asleep with a clean soul😴💤
Sincerely yours Rocket Bomb 🚀💣
BITCOIN on hourly chart 01.08.2020💥Hello, my lovely friends!🧡
Today is a great day. 🌞 Saturday . 🔥 My morning(like morning of any trader) doesn't start with coffee ☕🙅🏻♀️ 🤣🤣🤣. And I love coffee most of all in the world. 🤣
I haven't opened my eyes yet, my hands automatically grab the phone to check the market situation 🤣🤣🤣
My PM is filled with optimistic messages ... and it gave me a boost for the whole day ...🚀🚀
On the chart, you can see how the price is forming an ascending channel. You can find next targets also there.
I have also published new statistics for You 🧡 Although it hasn't changed since the last time. People aren't ready to turn into bulls yet.🤷🏻♀️
BUT I HAVE VERY INTERESTING THOUGHT. WANNA DISCUSS WITH YOU:
What if the price doesn't return to the levels 3k - 4k - 5k - 6k any more? What do you think? 🧐🤔
Too many people expect that. By the way, my buy orders are there too🤣
Thanks for staying with me🙏🏻🧡
Sincerely yours Rocket Bomb 🚀💣
Take a look at my new EDU posts 🤗
Maslow's Pyramid & Rocket Bomb Descriptions in trading 🚀💣Hello, my dear lovers of self-development !💙💛
I haven't posted any EDU Posts for a long time. For me, each of them is special, in which I put all my soul and creativity 🤗
Today I would like to talk about very interesting topic - which is called <> !
💡The first thing, that came to my mind was Maslow's Pyramid of Needs .
If you start reading modern literature, You'll understand, that most authors think, that Maslow's pyramid no longer works, or doesn't fully work. 🤷🏻♀️
⚡ According to Maslow, higher-level needs can only arise when lower-level needs are met ⚡
Someone may disagree with this, but personally for me, everything is very transparent and obvious. Only by closing the basic needs (basic knowledge in trading) we go further, we simply don't think about what we have attained the truth in a certain sense. 🙏🏻💥
Now it has become fashionable in the world to refute theories and make adjustments in it🙄 But the wisdom, that has been passed down to us for centuries can't be ignored. 🙏🏻
Today I would like to share with You Maslow's Pyramid in my descriptions for traders. Hope You'll like it 🙏🏻
⚡At the first stage , a trader tries to cover the most basic needs: most often a person comes to the market for money, and that's the physiological need in trading.
⚡Going to the second stage, he seeks safety, because he faces difficulties ... and only if he realizes, that on the first stage he made a mistake (down arrow), after re - thinking, he can move on to the third stage (up arrow).
But that's a huge work. It takes time and endurance, patience and calmness, desire and fortitude!💪🏻
⚡With the transition to the third stage , a person becomes more successful, he change his thinking . And that's a great sign on the road to success.💪🏻 He begins to be proud of himself, but realizes, that there is an opportunity to develop further.🚀
⚡The fourth stage - he start makes a good profit, the trader, by default, accepts all previous experience and moves on, filled with motivation and success.💪🏻
⚡And the fifth stage - most important thing for any trader is self-realization. A trader understands, that he is successful, self-sufficient and he has something to share with other traders ... he can motivate, inspire, and that's the highest reward !!!💪🏻
Only 5% of traders reach the 5th stage, and maybe less.🔥
Do you strive to be part of that 5 percent? ☝🏻🧐 At what stage do you feel yourself?
Thanks for Your attention🙏🏻
Stay in touch🧡
Sincerely yours Rocket Bomb 🚀💣
💡 Discipline vs Motivation 💡Welcome friends!💋 What's more important to you: Discipline or Motivation?
Today we'll talk about it.😊
There are two main ways to force yourself to do something:
⚡ the first, most popular, is try to motivate yourself;
⚡ the second, less popular, is to develop self - discipline.
What's the difference?🧐
Motivation is based on the erroneous assumption, that a specific mental or emotional state is needed to complete a task.
Discipline separates activity from moods and feelings and thus bypasses the problem. The consequences are staggering.
Simply put, you don't have to wait until you'll in Olympic form to start training. No, you train to achieve this form!!!!
Why discipline is more important than motivation ? IMHO🧐
Chasing motivation means, that we need to do only what we're in the mood for.
The trick is to cut the connection between feelings and actions, to do right thing anyway. You will feel good and energetic afterwards.
To achieve success with only motivation is the wrong way. You risk losing your enthusiasm very quickly.
Since real life in the real world sometimes requires people to do things that can't always be done only with enthusiasm, sometimes willpower is needed.
Motivatio n has a tiny shelf life and needs to be constantly updated.
Motivation is not the best foundation for your normal daily activities, and it is unlikely to help you achieve long-term results.
Discipline is a motor, that once started and constantly supplies energy to You.
For consistent, long-term results, discipline trumps motivation. Discipline is when you do something even when you're not in your best condition.
Discipline is more or less permanent, and motivation is fleeting.
How to develop discipline? 🧐
You need to acquiring habits - starting with small, even micro ones, gaining momentum, using them to make further changes in daily life.
THE MAIN ADVICE TO YOU: Even if it's difficult for you - fight!🔥 The hardest fight is the fight with yourself! But the victory would be so sweet💪🏻
Thanks for Your attention🙏🏻
Stay in touch🧡
Sincerely yours Rocket Bomb 🚀💣
My first two chapters of free manual . Links below👇🏻 ENGOY YOUR LEARNING 🚀💣
BITCOIN vs MACD on weekly time - frame 🔥Hello my dear and lovely friends🧡
I noticed, that you like my charts on longer timeframes better, it makes me think that most of my followers are medium-term or long-term investors. Isn't it?🧐
There are many indicator fans here. 🤗I thought it would be interesting for beginners to get some information on <> in practice.💥
There are many subtleties in setting up indicators, but you need to start with basic knowledge. ☝🏻
Most often, MACD indicator is used to identify trading signals during sideways price movements - periods of stabilization of the rate after an increase or decrease (consolidation).
Usually, a Buy signal is considered when the MACD line (blue line in the figure) crosses the signal line (red line) upwards. A Sell signal is considered when the MACD line crosses the signal line from top to bottom.
The larger the timeframe (the time period of one chart element), the less false signals will be.
If You have any questions - write me 👇🏻
The best way to say thanks to me is to put like and write a comment under my idea 💋
Thank you guys for staying with me🙏🏻
I appreciate everyone of You😘
Love love love🧡🧡🧡
Always Sincerely Your Rocket Bomb🚀💣
BITCOIN & #ROCKETBOMB 🚀💣's thoughts 💡Hello, trader friends 🧡 Hope You are fine 🤗
Today we are talking about mid - term & long - term trade of BTC 🤑
As always link on a good view of my chart 👇🏻
From my previous posts, You know, that I expect price to rise to the level of 9900 - this level borders on the line of dynamic resistance.☝🏻
And here will be the most interesting .🤗
🧐If the price manages to break this resistance, we can fly very high. That's a long term perspective .
You'll have to be patient, but the result will be worth the wait .🤑
I keep statistics in order to understand the market sentiment - that's an excellent indicator 💥
It can be concluded, that now people are still not ready to believe in the bullish attitude of Bitcoin. And this is natural. Strong interest will appear after breaking through the level of 9 900 🚀.
Of course, if you are currently in a position or planning to enter, You must clearly indicate your stop-loss in case the market moves against you.🙏🏻 Be clear about your plan and your strategy .💡
Thanks for your attention🙏🏻
I love You very much and appreciate each of You💋
Sincerely yours Rocket Bomb 🚀💣
💡 My EDU posts, if You have time, check it 👇🏻👇🏻👇🏻
Short - term and mid - term trade by Rocket Bomb 🚀💣Hello, my dears !!!🖐🏻 What a wonderful day !!!😊 Bitcoin came alive, and my life with it ... ahaha .. just kidding !!! 😀
Although ... there is some truth in every joke😉
Today I wanna share with you my new chart, tell you goals, that I set for myself for a short and medium term. 🔥
On the hourly chart , I think everything is clear. The price will correct a little and rise to 9600, I hope🤭
But on the daily chart the picture is very interesting: you can see some different patterns that confirm the growth!🚀
Today I painted a < >.
If you don't know or have forgotten how to trade this pattern, I will remind you !💡
💥 Need to compare the price at the bottom of the cup to the price at the start of the handle. Take that number, and add it to the price at which the handle breaks upward - that's the price would be Your exit from the position. 💥
Medium-term target of 9900. Let's go🚀
I also wanna duplicate one of my previous post, which was removed by the moderators from my page, maybe someone has not seen it.
If you interested, follow the link, there is a description !!!💋
Thanks for your attention🙏🏻
I love You very much and appreciate each of You💋
Sincerely yours Rocket Bomb🚀💣
Let's be ready to trade the triangle💪🏻Hello, my dear friends!💋I hope You have a nice mood🧡And I wanna share with You my new Bitcoin's chart 📊
Link on a good view👇🏻
Each of us sees something different on the chart. And that's great! 💪🏻The price moves and becouse of that we can confirm or change our opinion. It's okay too. 👌🏻
The longer I live in the world, the more clearly I understand, that a successful person will never declare, that he has comprehended the truth ... we live in order to comprehend it throughout life ...🙏🏻
In trading the same way ... there is no limit to perfection. 💪🏻Let's just go ahead and don't stop!🚀
The bears and bulls has always been and will be at the market . My post today is rather neutral. It lets you catch the wave.🏄🏻♂️🏄🏻♀️
Let's be ready for this.💪🏻
✍🏻If You have any questions, write me, I'm always ready to help
Hug and love everyone💋
Thank you for staying with me🧡
Sincerely Yours Rocket Bomb🚀💣
Using MACD indicator for different types of traders🔥Hello, my friends. 💋Today I would like to analyze with you using of MACD indicator at different time - frames. We can understand the appropriateness of its use for different types of traders.
👉🏻 On the chart, you can see 3 different time periods of the Bitcoin price. ✅ At the bottom of each chart is an indicator.
I marked the entry points (the intersection of the lines below) to the position - buy💸 and the exit points from the position - the sale💪🏻 (intersection of the lines above). And I calculated how much time had to expect profit for all types of traders.🤑
And by the way, for medium-term and long-term traders, a buy signal was not so long ago, that's why the MACD and I expect a sell signal (which means growth) 🤣🤣🤣
Of course, this indicator has several disadvantages.🤫
✍🏻If you are interested in it, write me in the comments, I'll try to make an EDU post with details about MACD.
Thank you for staying with me🙏🏻
Love you🧡
Sincerely Your Rocket Bomb🚀💣
💥Indeterminacy can't last forever!💥Hello my friends!💋 How are you? 🤗How are you feeling?🤗
I have recently had a very strange changeable mood ... sometimes it seems to me, that I have ceased to feel joy ... the last days I try to work on myself so as not to give into depressive states!🙏🏻
If you succeed in dealing with similar conditions, share your secrets with me in the comments 💋
As for the price of Bitcoin, so much has already been said, I don’t wanna repeat the same thing, so I’ll share with you a very simple, but IMHO, very important vision. 😉
💥 Indeterminacy can't last forever! 💥
If you look at my chart, would become clear, that soon the price have no space to go in the formed triangle and there will be a way out of it. ☝🏻
💡 Of course, there can be a two way out .💡
1. Break up dynamic resistance will be a great sign for bulls 🐂
2. A breakdown of strong support level will mean the dominance of the bearish 🐻 mood in the market
And of course a little My personal statistics for you! 🧡
Mood of the market:
Bearish 🐻 - 75%
Bullish 🐂 - 25%
I'll remind you, that I remain a bull of breakdown level 8600 !!!
So that no one would think, that I changed my mind and turned into a bear. 🙅🏻♀️
Thank you guys for staying with me🙏🏻
I appreciate everyone of You😘
Love love love🧡🧡🧡
Always Sincerely Your Rocket Bomb🚀💣
Stages of Trading Psychology💣 or It's ok not always be ok😉Hello, dear friends. 💋I feel amazing publishing EDU posts.💥🚀
And now I wanna share with you an useful post. 💪🏻It's very important now. 🔥 Because the market situation is still ambiguous!
Enjoy it.🧡
Optimism - It all starts with a positive outlook on the market situation, which leads the trader to open a deal. Trade in anticipation of future success.
Excitement - The market begins to move in the predicted direction. The trader anticipates events and hopes that success is ensured.
Thrill - The market continues to move in the direction the trader needs, this is a moment of joyful fading. At this stage, the trader is fully confident in his trading system.
Euphoria - Point of maximum financial risk. Investments turn into quick and easy returns. Trader completely ignores risk.
Anxiety - Oh no, the market is turning around! The first signs of movement appear not in favor of the trader. But he does not notice this and believes that the market will recover and the trend will continue.
Denial - The expected market recovery did not happen. The trader does not accept what is happening and remains in position.
Fear - Reality dictates its own rules, and the trader begins to realize that he is not as smart as he previously thought. Instead of confidence in success, thoughts begin to get confused.
Desperation - At this point, all profits are lost. The trader had a chance to take profits, but he missed it. Not knowing how to proceed further, he is trying to do everything to return at least to the breakeven point.
Panic - The most emotional period. At this stage, the trader feels his ignorance and helplessness and is wholly in the grip of the market. The mind is paralyzed, which sometimes leads to meaningless actions in the market.
Capitulation - The trader has reached the limit of patience and closes the position so as not to increase losses anymore.
Despondency - After exiting the market, the trader no longer has the slightest desire to enter into transactions.
Depression - The trader begins to blame himself for the stupidity of why he did not close the deal on time. Some choose the right path and begin to analyze what went wrong. Real traders are born precisely at this stage, studying past mistakes and drawing conclusions.
Hope - “I can still do it!” In the end, the trader returns to the realization that there really are cycles in the market. He begins to analyze new opportunities.
Relief - At this stage, the trader restores faith in his future in the market and starts trading again.
The stages considered by us well demonstrate how psychology influences trading. 80% of success in the market directly depends on the correct psychological state of the trader.
I wanna remind You, that I have already created two chapters of my own free training manual here, you can familiarize yourself 👇🏻👇🏻👇🏻
Thank you staying with me🙏🏻
Love YOU🧡🧡🧡
Always Sincerely Your Rocket Bomb🚀💣
BITCOIN 03.07.2020 🙏🏻🧡Hello, my dear friends!💋
Link on a good view 👇🏻
The market situation is still tiring 😞
All we can do now is stick to own strategy. And in any direction, designate each SL for itself. 🙏🏻
🔥 And remember, that You're not alone. I"M WITH YOU 🧡
💥Now everyone has a strange mood on the market. Let's share good and support each other!
🧡 Peace and Love 🧡
PS Now is the BEST time for self-development!💪🏻💪🏻💪🏻
I present to your attention 2 chapters of my teaching manual on TV💥💥💥
Thank you for staying with me💋
Always Sincerely With You 😍
Your Rocket Bomb🚀💣
CHAPTER 1 🚀💣<< Trading Methods >>Guys, I thought, that my training posts need to be streamlined and highlighted by topics! ❗❗❗They're difficult to find in the general flow.
Support my idea with 👍🏻 if you like this format.
💡Enjoy your learning!!!
👉🏻By clicking on the links below you can find my posts on such topics:
Stay with me💋
Your Rocket Bomb🚀💣
🤔BITCOIN: Are we leaving the wedge?🧐
Hello, guys !!! 🖐🏻Today's a wonderful day 🌞 I have a lot of plans, I'll try be as helpfull and informative as possible for You😘
Link on a good view 👇🏻
🧡 Thank you for your support with likes and comments. That's allows many pepole to see my posts and get familiar with trading ideas and educational posts! 🙏🏻
📢📢 Today, perhaps we can see the Bitcoin price exit from the descending wedge. Yesterday I prepared an EDU post on this topic for You, I think it would be very useful for beginners. 💡😘
You have the opportunity to read the post itself, the link below👇🏻 and immediately in practice to consolidate your acquired knowledge.💡💡💡
[ chart]https://www.tradingview.com/chart/BTCUSD/6NUNJVwR-Wedges-Patterns/
If you are interested more in my opinion on Bitcoin, see my previous posts. Every day I try to update my idea for you!💋
Thank you for staying with me💋
Sincerely Your Rocket Bomb🚀💣
Rocket Bomb's NEW Bitcoin Update 🎥 23.06.2020🧡Hello, my lovely friends!😘 My New video for You!🧡
Yesterday we left the descending wedge, the price went up to the level of 9600. 🚀 That was predictable, because a falling wedge on a bull trend always gives a strong signal to trade.
💡If you wanna learn more about how to trade using a wedge pattern, I'll leave link on my educational post below this video. You can check it.
Next level 9700 – 9800 – 9900 🚀
My recommendation for You 🔥 Just as you splitted Your buy orders, upon reaching each next target you'll can split your take profits for being safe!
Stay profitable and stay with me💪🏻
Love you🧡
Sincerely Your Rocket Bomb🚀💣
📢 Moving Average (MA)Hello, dear Friends!🧡🧡 Today we are talking about Moving Average (MA) !!!
Link on a good view👇🏻
📢 The moving average is one of the oldest and most common technical analysis tools.
The moving average - that's average price for a given period.
💡 The period for calculating the moving average is selected at the discretion of the analyst (for example, it can be 25 days).
On my chart you can see 25-day moving average of Bitcoin price. 🧐
☝🏻 Being the average price over the past 25 days, the moving average on th chart reflects the coincidence of investors' expectations over the past 25 days. If the price is above the moving average, then the current expectations of investors (i.e. the current price) are above the average of their expectations over the past 25 days and bullish sentiment is growing among investors. And vice versa: if the price is below the moving average, then current expectations are below their average level over the past 25 days.
🎯 Traditionally, a moving average is used to monitor price changes. Typically, investors buy when the price rises above the moving average, and sell when it falls below it.
👍🏻 The advantage of such a trading system using the moving average is, that it allows you to play in the direction of the current trend: after all, any more or less significant change in price is necessarily preceded by a corresponding breakthrough of the moving average curve.
👎🏻 Its disadvantage lies in a certain delay of signals. If the tendency of the trend is insignificant (usually it should be twice as long as the period of calculation of the moving average), then you will incur losses!
That's because of this disadvantage I don't use this indicator.🤷🏻♀️
But many successful traders include it in their trading system.
The choice is yours! 💪🏻🧡
Thank you for staying with me!💋
Sincerely your Rocket Bomb🚀💣
🐻 Wedges Patterns 🐃Hello, my dear friends! Today we are talking about Wedges Patterns!
Link on a good view👇🏻
Let's start!!!💪🏻
Wedges are some of the main classical figures in technical analysis. There are two types of wedges:
☝🏻 - Rising Wedge pattern - both sides of the figure are directed up;
👇🏻 - Falling Wedge pattern - both sides of the figure are directed down.
✔ A rising wedge pattern is formed when price increases slow and a tapering pattern forms. Price can't go longer rise further, but at the same time, as if they continue to gradually update local highs. That's suggests, that the pressure of sellers (bears) is gradually increasing in the market.
✔ A downward wedge pattern is formed when price decline slows down and a tapering pattern is formed, and volume indicators gradually decrease. Prices are no longer able to decline further, but at the same time, as if they continue to gradually update local lows. That's suggests, that the pressure of buyers (bulls) is gradually increasing in the market.
💡My picture shows, that the “Wedge” directed 👇🏻 down is a bullish 🐃 model, since the trend is up and the price has broken the resistance line (went up).
And the “Wedge” directed up ☝🏻is a bearish 🐻 model, as the trend is directed down and the price has broken through the support line (went down).
📢 These signals are strong and YOU can trade on them.
⚠ But if the price in both cases would go in the opposite direction (the opposite direction to the trend), then this would be a weak signal. Trading in this case is not recommended, as it's too risky. 🙅🏻♀️
🙏🏻Guys, thanks for reading me!🙏🏻
💪🏻Subscribe and stay with me forever🧡
I'm appreciate your likes in support🥰
Your Rocket Bomb🚀💣
PS : 👇🏻👇🏻👇🏻Below I put links on my previous ideas 👇🏻👇🏻👇🏻
😱Types of Fears in Trading😱Link on a good view👇🏻
There are several main types of fear:
💡- fear of losing all capital in the account. One of the most common fears. The trader clearly understands that the numbers in the terminal are his money, and their reduction limits his financial capabilities in the future. Under fear of losing an even larger sum, a market participant does even more stupid things or even refuses to trade;
💡- fear of losing money in a losing position. Similar concerns arise during the transaction period under the influence of strong market volatility. This kind of fear is easily correctable;
💡- fear in time not to see a signal to enter or exit the market. More often it's faced by newcomers, who will not imagine what risks are in the trader’s deals and how to protect themselves from them ;
💡- general fear of working on the market . It can act as a negative background and prevent you from making the right decision. Often, such fears are eliminated by gaining certain knowledge and experience on the exchang e;
💡- fear of receiving another disadvantageous deal. Such fear leads to the appearance of excess fuss. As a result, the trader misses a really good deal;
💡- fear of early fixation of income (fear of loss profit). The position could still be kept open, but the trader reduces his risks, closes the deal and receives less profit. For many market participants, the fear of making such a “mistake” is even stronger than the fear of losing trad es.