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Bitcoin by Rocket Bomb🚀💣 28/10Hello, friends!♥️Hope You are fine✋🏻 Welcome on my new Bitcoin analysis!Hit like 👍 and let's take a look on the next move🧐 Looks like Bitcoin forming a bullish pennant🧐 The principle of bullish pennant trading - a breakout of the control point . As soon as a breakout has occurred, you can immediately post the target. The target of bull pennant will be the height of the pole. Next (mid-term) target will be 70k👍 How Your trading's going? Have a great time😘 Your Rocket Bomb🚀💣
BITSTAMP:BTCUSDLong
by RocketBomb
8
Bitcoin by Rocket Bomb🚀💣 17/10Hello, dear friends!♥️ Let's take a look at the daily chart of Bitcoin and analyze its past and assume what can be expected in the future.🧐 Don't tell me you have other plans 🤣 Since the beginning of 2021, Bitcoin has begun forming a triangle. And on July 26, the triangle (on bullish trend) was broken upward, which indicates the continuation of the bullish dominance in the market!😊 Triangles usually trade on the breakout of the trend line. Target for taking profit = width of triangle = 90K ! It can be expected in the mid-term!🔥 As for the near future, we're approaching to ATH!😱 The bull flag has already been formed and practically worked out - the goal is 64k! There may be minor rollbacks! But the trend is definitely bullish!🚀 If you wanna more tutorial posts, click below and explore👇 Thank you for your interest in my analyzes.😊 I try to be always sincere with You♥️ Your Rocket Bomb 🚀💣
BITSTAMP:BTCUSDLong
by RocketBomb
22
5 Steps to Success: Serial Winner!💪Hey! Who wanna get a portion of motivation?🧐 I recently read a book "5 Steps to Success: Serial Winner" - by Larry Weidel. 💪 This book served me as a great kick'n ass! You know... sometimes a huge pile of difficulties falls on your head, when usual daily routine becomes unbearable - there are two options - give in and continue suffering or STRUGGLE! The choice is yours, but I prefer to fight!🤜🏼 I'll briefly share the conclusions, that I made after reading this book, I'll be glad if it will become a drop of motivation for someone! 📌 Don't doubt - decide Any victories are preceded by decisions. On the way, we always encounter with the main enemies of our aspirations - hesitation, detailing and excuses. Therefore, in order to decide on your fateful decision, you need: a) do not rely on myths about the advantages of real winners and understand that " advantage is not a guarantee of victory. ”; b) create a plan sufficient to start working on achieving the goal and stop striving for the PERFECT plan, because this simply doesn't exist; c) determine the starting point of your movement, following your natural interest - to finally understand your true motives and desires and give yourself a chance to try. 📌Don't just do - overfulfill Just doing a thing is not enough. In the beginning, we always set too low expectations regarding the energy and resources that need to be invested in achieving a new goal. Of course, we cannot look into the future. However, it's underestimation often leads to defeat The best way to prevent that is to overdo it or overfulfill. Put in extra effort - beyond what was planned - and work more than you think you need to. Not looking for easy ways, but giving everything that you have to a new undertaking. That's the only way to avoid the trap of underestimation and not fail at the beginning of the journey. 📌Don't quit - adjust Difficulties on the way to victory are inevitable. There are two options: quit business and forget your dreams, or meet defeat with dignity this time and do everything possible to win in the future. Any effort has a cumulative effect. Only with time can you see the results of your work - it will be a shame to give up everything before the first signs of success. (That's not a desperate struggle for the impossible.) Victory is a matter carried through to the end. Don't quit your deal, just adjust your unproductive goals. It's even possible to change direction. The main thing is never give up hard work and progressive work. 📌 Don't just start - follow through When you come close to the finish line, various obstacles may arise. But winning is not about preparing, making adjustments, or talking about previous successes. !!!!! Victory is a completely completed business. No matter how insurmountable these obstacles may seem, it's necessary to reach the victorious end. Leaving the goal, almost reaching the top, means losing all the resources that have already been invested along the way, and ruining your reputation due to the loss of trust of others. And don't be surprised, that the last steps on the path require a little more resilience, they are really hard. “98% of what has been done is not done yet. Only the winners overcome the last 2%, ”! 📌Don't calm down - constantly improve After receiving the first victories, it seems to someone, that they can already rest. They reduce the rate of their acceleration and development. However, winning is not a one-time action, but a constant movement. Serial winners recognize how much more can be achieved and are committed to it. They are constantly improving. The best time for it - the moment of "exit" from another victory. That's the perfect time to reflect on mistakes and start working on your weaknesses, try to master a new field and succeed in it, or to learn from even more successful ones. Serial winners get a taste of life in the question "what's next?" That's what distinguishes them from everyone else. WHO ARE YOU???? ARE YOU A SIREAL WINNER?or JUST WANNA BECOME? Share with me in the comments♥️ Thanks for Your attention🙏🏻 Stay in touch🧡 Sincerely yours Rocket Bomb🚀💣 Some of my last similar posts👇
BITSTAMP:BTCUSDEducation
by RocketBomb
3
Bitcoin by Rocket Bomb🚀💣 Hello, dear friends!❤️ Rocket Bomb here 😉 Many of You knows, that I have been on the market since 2017. And that's second bull run in my life!😎 (But mistakes still the same🤣) You can argue a lot and give examples from the past, compare this run with the previous one! But this time will be different!🙃 Let's take a look at the Bitcoin hourly chart. What has changed since my last analysis? Bulls try to attack bears👊🏿, can you see it? For second time we are at strong resistance line. Unfortunetly, for now no power to path across it!😔 But IMHO we have some chances to do it soon!🤫 The market still looks indecisive and ambiguous! Therefore, I have indicated several options for further price movement. I think, that closer to September the market will show us the exact direction! Summer is always not the most active time in the Crypto market. Therefore, let's try to relax!🤗 Remember, every trader is unique. Each of us have own strategy and own characteristics. "All we need is love" 🎼 🤣 and of course plan B if the market goes against us😃 Do you have such a plan? Share with me in the comments😊 And never shift the responsibility onto another person: let it be an expert or just your wife / husband, who worries, that all money remains in Crypto🤣 Only you are responsible for your actions😎 Guys, I want to wish you strength, health and fulfillment of desires. Dream and go to your dream. You can be wrong, but don't stop. Only those, who do nothing are not successful. I wish you happiness, kindness and a lot of love!😍 Sincerely, Yours Rocket Bomb🚀💣 Take a look at 👇👀my previous posts: <> <>
BITSTAMP:BTCUSD
by RocketBomb
26
Why Big Money Will Always Win? by Rocket Bomb 🚀💣Hello, let's talk about consolidation today!😊 or Why Big Money Will Always Win? in other words, the rich will always make money, and the poor can always lose. I think everyone has known, that horizontal channels called flat. And although in many books we can read, that since the price is flat, so trader has nothing to do this time, while market hasn't come to a consensus. IMHO flat is very important.☝🏻 [ b]The horizontal channel (flat) is - ▪️ the fight between two major players (seller and buyer) or ▪️ accumulation of the required volume at the price of interest 🧐 What happens in flat? “Consolidation” is often used trading word, just at the moments of flat. Literally, it means - strengthening something, uniting, rallying individuals, groups to intensify the struggle for common goals, the merger of two or more firms, companies. Strengthening something is kind of like creating a support / resistance level. It turns out, that it's the consolidations, that are very important for the trader, here the fate of the further movement is decided. The trader's need to understand a very little thing, namely, who will win . In order to understand who will win, you need to figure out what's going on inside the flat ? There are two players on the market. One needs to collect a sell position and he always sell, the second needs to collect a buy position and he always buy. Noone open positions are closed. At the bottom of the consolidation, the price is bought in hope, that it will go even higher. As soon as the price reaches the upper border, sellers become more active and start selling, thereby dropping the price lower. 🤓 Moving on to the fun part. How long will the consolidation continue? Precisely until the moment, when one of the players runs out of money. As soon as one of them runs out of money, once again approaching the border of consolidation, there will be no one to stop the movement from flat (consolidation) and further movement towards the winner! Than's all😀 I really hope, that my post was useful to you, if so, let me know by clicking like button! It's not difficult for you, but I'm pleased ♥ ️ Always sincere with You💋 Your Rocket Bomb🚀💣
BITSTAMP:BTCUSD
by RocketBomb
7
Accumulation and distribution zones!🥸Hello, traders! Today I wanna tell you about accumulation and distribution zones! ⚡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
4
Accumulation & Distribution Of BITCOIN by Rocket Bomb 🚀💣Hello, dear friends!It's Sunday evening and I'm going to talk with You about Bitcoin and perfect buying Zone in the nearest Future! First of all some Tutorial for newbies ♥️ What Is the Accumulation Area? The accumulation area on a price and volume chart is characterized by mostly sideways stock price motion and is seen by many investors or technical analysts as indicating a potential buying opportunity. It may signal that large institutional investors are buying, or accumulating, a large number of shares over time. This can be contrasted with the distribution zone, where institutional investors begin selling their shares. Being able to recognize whether a price is in the accumulation zone or the distribution zone is critical to investing success. The goal is to buy in the accumulation area and sell in the distribution area. KEY TAKEAWAYS The accumulation area represents a period of implicit buying, typically by institutional buyers, while the price remains fairly stable. On a price chart, the accumulation area is characterized by sideways price movement on above average volume. Identifying this area could help investors spot good entry points into an investment before its price begins to rise. At Distribution Zone traders are willing to sell the stock aggressively because balance has shifted to the distribution side. Here, at this point the sellers are dominating and the buyer are weak. Distribution is an important dynamic that institutional investors must manage to avoid precipitous drops in stock prices This area is where price turned down. This is where the distribution is and where we short if price returns down. The D Zone is simply the origin of a big drop in price and sometimes -greaty opportunities😉 Distribution Zone is also called as Supply Zone. Key Points Market gives you multiple opportunities of Buying and Selling by Re-accumulation Zone and Re-Distribution Zone Accumulation / Re-accumulation zones can becomes distribution/Re-distribution zones over a period in the Stock Market Accumulation Zone is where one should buy (accumulate) and Distribution Zone is where one should sell (distribute) 👆🏼 Note – Accumulation and Distribution Zones are a great way to identify areas of buying and selling as well as support and resistance, but they work best when combined with other kinds of technical analysis. If you look at the order book, you can see where many traders expect to see the price! So, in my experience, the price is unlikely will come there! Don't be greedy, it would be optimal to place several orders in the zone 44 - 42 - 41 k IMHO! Hope the summer will be hot! Well, autumn, of course 🤫 I really hope, that my post was useful to you, if so, let me know by clicking like button! It's not difficult for you, but I'm pleased ♥ ️ Always sincere with You💋 Your Rocket Bomb🚀💣
BITSTAMP:BTCUSD
by RocketBomb
17
Bitcoin by Rocket Bomb🚀💣 22th of April Hello, Bitcoin holders❤️ Wanna present to You my new update!😊 This time I used Pitchfork tool😉 The technical indicator known as Andrews Pitchfork is not that well known and is rarely used by novice traders. However, it is a quick and easy way for traders to identify possible levels of support and resistance for an asset's price. It is created by placing three points at the end of previous trends and then drawing a line from the first point that runs through the midpoint of the other two points. The reason this indicator is called a "pitchfork" becomes apparent from the shape that is created in the chart. In general, traders will purchase the asset when the price falls near the support of either the center trendline or the lowest trendline. Conversely, they'll sell the asset when it approaches the resistance of either the center line or the highest trendline. Even though the center line can be used to identify areas where a security may find support or resistance, it is generally not as strong as the two outside lines. In practice, the levels identified by this indicator are very useful for identifying strategic positions for stop-loss orders. Hope it was useful for You and You have known something new 🙏 Thanks for attention🙏 If you liked my chart, don't forget to click LIKE, it's not difficult for You, but I'm pleased ♥ ️ Also subscribe for not get lost😉 Always sincere with You♥️ Your Rocket Bomb🚀💣
BITSTAMP:BTCUSDLong
by RocketBomb
25
Bitcoin & Rocket Bomb's view 🧐Hi! Have a great time, everybody! We are all different. Therefore, it's not surprising, that two traders can see completely different things on price charts! Therefore, I invite you to respect each other and express yourself in the comments with respect! I see and read all the comments, thank you very much for your support and interest in my work, I appreciate each of you and try to share my vision as often as possible!♥️ Today I would like to analyze previous movements in order to suggest the near future of BITCOIN. I tried to display as much information as possible on the chart. There is something incomprehensible, I'm waiting for you in the comments😊 If You wanna some EDU content, click below 👇 Thanks for attention🙏 Always sincere with You♥️ Your Rocket Bomb🚀💣
BITSTAMP:BTCUSDLong
by RocketBomb
21
Trading vs USD or vs BTC? Read Rocket Bomb 🚀💣thoughts 🔥Hello, my dear friends!♥️ THIS POST IS INFORMATIVE AND EDUCATIONAL ONLY! That's not a trading idea!🙅‍♀️ I created this post especially for beginners, who are interested in understanding altcoins trading! It's suitable on bullish market 🔥 Let's take a look at chart, I have prepared for You.👇 Many people ask why I often trade with Bitcoin? I decided to prepare an answer on the chart for you by analyzing one of my last trades! ATTENTION !! THAT'S ONLY MY EXPERIENCE AND IT CONCERNS MY STRATEGY , which I'm happy to share with you by my work here♥️ In October I bought Hive vs Bitcoin (and advised everyone), then Bitcoin was $ 19,500. Unfortunately Hive continued falling and knocked out a conditional Stop Loss, which I decided not to use and continue holding it. Frankly, it was long time and many times I wanted to sell at a loss!🤪 Only the growth of bitcoin helped me not to see a strong minus for this position! In February, I saw a breakeven position for first time, but in dollars the position more than doubled due to the bitcoin rate. And now, in March, my chart has been fully worked out! And the position is closed at + 70% and the Bitcoin rate has grown x 2.3 times! And in dollars this position rise up to 423%.Take a look 👇 I'm very pleased to share my experience with you, I sincerely wanna be useful to you, because my work here not only charting, that's my soul, my experience, my contribution to each of You! I really wanna be important and useful to YOU!♥️ YOU NEED ALWAYS START FROM LEARNING! So, let's develop together ♥️ Stay tuned by Rocket Bomb 🚀💣
Education
by RocketBomb
11
Bitcoin & Rocket Bomb's view 18.03.21Hello, dear friends! Hope You missed me, like I missed You ♥️ Let's take a look at Bitcoin price movement on 1d & 1h chart! Nothing special happened, hope You are safe, positive and continue developing yourself! On daily chart You can see like we are going inside ascending channel. The indicator shows divergence , which are a bad signal, but we see them not for the first time. They can be false! But don't forget, that they can start working.🤪 Therefore, in such periods of the market, it is very important to correctly calculate the position size and not be greedy! You can find more about divergence in my tutorial post below👇 If You didn't see my previous analysis , click here👇 If you are boring trading, then you are trading beautifully💣 If you have a discipline of trading, then most likely it's boring. You spend most of your time waiting for a deal, doing nothing. Learn to use and even enjoy your free time. Because boring trading is successful trading😉 If You have any questions - I'm waiting for You in the comments😊 Stay in touch with me💋 Always sincere with You🧡 Your Rocket Bomb🚀💣
BITSTAMP:BTCUSDLong
by RocketBomb
12
Bitcoin & Rocket Bomb's view 🧐10th of MarchHello, my dear friends! Let's take a look at the price movement of BTC from the point of Wyckoff Method !💡 In the rectangle you can find an approximate scheme of accumulation - distribution (The Wyckoff Method), and I highlighted its application in ovals for an illustrative example. A bit of history below (for a clearer understanding)👇 According to Wyckoff, the market can be understood and anticipated through detailed analysis of supply and demand, which can be ascertained from studying price action, volume and time. As a broker, he was in a position to observe the activities of highly successful individuals and groups who dominated specific issues; consequently, he was able to decipher, via the use of what he called vertical (bar) and figure (Point and Figure) charts, the future intentions of those large interests. An idealized schematic of how he conceptualized the large interests' preparation for and execution of bull and bear markets is depicted in the figure below. The time to enter long orders is towards the end of the preparation for a price markup or bull market (accumulation of large lines of stock), while the time to initiate short positions is at the end of the preparation for price markdown. Don't rush to run long on Bitcoin yet, it's likely, that the growth will continue, but now we need to get confirmation! In the meantime, the altcoin season continues🚀 I hope you were interested😉 Don't forget to subscribe😊 And stay with me forever♥️ Always sincere with You Rocket Bomb🚀💣
BITSTAMP:BTCUSD
by RocketBomb
79
Bitcoin: how You can analyze the price?Hello! If You interesting in Bitcoin update, here it is 😉 On this chart I wanna share some opportunities for analyzing charts! It's always great to apply multiple methods in your trading strategy. For example, You can use patterns + indicators (like U can see on my chart)! Some patterns and how to use them. My EDU post 👇(click on the picture for reading more ) If You will have any questions , write me in the comments And stay tuned by Rocket Bomb 🚀💣
BITSTAMP:BTCUSDLong
by RocketBomb
42
⭐ PSYCHOLOGY of TILT⭐ ⭐ LOSING TILT ⭐Hi, My friends! Let's go Forward to knowledge💪🏻Today i made psychological EDU post for You😊 Psychology of Tilt: Losing Tilt Reaction 1. The desire to recoup with increased risk It's difficult to find a market player, who has never had a strong desire to recoup and didn't go on rash actions because of this. When we using the term "tilt" most often we mean precisely this reaction. We can say, that it's the main variety of tilt. And that was given the greatest attention in scientific research, including the desire to recoup is the basis of pathological gambling. Among the factors contributing to the emergence of the desire to recoup can be identified: 📌- Dispersion of the game 📌- Bet size 📌- game speed 📌- Frequency "near misses" The last factor needs clarification. “Near Missing” (near misses) is the outcome of a bet in which the player was defeated, but was close to winning. “Near misses” are less pleasant for a person, than losing without a chance of winning, but at the same time cause a desire to continue the game. 1. Explanation through the theory of perspectives According to this theory, the function of the subjective value of wins and losses has a specific form, and after losing a person falls into that area of the function, which is characterized by a desire for risk. This is easier to show on the chart. Suppose, after losing, the player gets to point A. Due to the features of the left side of the function, any further loss (further movement to the left side) will have less subjective significance for it than a gain (reverse movement to the right side) of the same size. And since potential gains become more significant than potential losses, the desire for risk increases. This function of subjective value is an empirically established pattern. Features of the perception of losses and wins are also characteristic of a person's perception of other phenomena. In other words, a person’s perception of gains and losses in the manner described by them is simply a property of the human psyche. Thus, the desire for risk after losses caused by such a perception is also simply a certain basic characteristic of a person. 2. Explanation through a player error. Player error is a common misconception in understanding random events. A person who is prone to this error believes that the more often a random event occurred in the past, the less likely it will happen in the future and vice versa. This mistake is based on the belief that random manism should not generate extended series of the same type. Due to this mistake, the player after a series of failures will consider that the probability of his future wins has increased and as a result will continue the game with special persistence. It is difficult to argue that the player’s mistake contributes to the desire to recoup with an increased risk. 3. Explanation through the threat of "I". The emerging threat of "I" causes various protective reactions. One of these defensive reactions is the desire to recoup with increased risk: quickly returning the lost money, the player will retain the idea of himself as a fairly strong plus player. It is also worth considering that the threat of “I” is a well-known trigger of anger. And anger mobilizes a person’s energy, instills in him a feeling of confidence and strength, and prepares for an attack. Summing up the consideration of various approaches to explaining the desire to recoup with an increased risk, it is worth noting that these approaches are not mutually exclusive. They rather complement each other. In other words, most people may indeed have some basic tendency to increase risk after losing, which is reinforced by the player’s mistake and perceiving the loss as a threat to “I”. Reaction 2. A sharp risk reduction Not all players are characterized by an increase in risk after a significant loss. Having suffered serious losses, some traders can continue trading, but use only the most reliable strategies, Speaking about the desire to recoup, they almost always assume that this desire is associated with increased risk. However, it is important to understand that lowering the risk does not necessarily mean a complete rejection of attempts to recoup. A reason for avoiding risk after a defeat may be a hot hand fallacy error. A “hot hand” error is another misconception in understanding random events. The essence of the error lies in the fact that after observing a long series of events of the same type, people cease to believe in random outcomes and predict that a series of events of the same type will continue. As a result of this mistake, a player after a series of defeats may begin to think that under the circumstances, his chances of winning are objectively underestimated (“they started a twist against me”) and make a logical decision about the need to reduce the risk. I hope you enjoyed my post. I tried hard for you💋 Stay with me😉 Love you♥️ Your Rocket Bomb🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
18
Have You ever dreamed to become a popular trader?😊Hello, Have You ever wanted to become a popular trader? Have you ever wanted to become famous like Jesse Livermore or, say, Larry Williams? Or do you think that success loves silence? Scientists have calculated that, to one degree or another, 70% of people dream of fame (at least sometimes). That's, by the way, is a natural part of socialization. Here is what the famous American sociopsychologist Orville Gilbert Brim, who studied the nature of fame and ambition, received: 📌 2% of people dream of becoming a celebrity is their main life ambition; 📌In another 30%, the desire for fame is among the main desires; 📌 for more than 40%, the idea of becoming famous appears from time to time; 📌And only the rest (which is less than 30%) do not care about fame. So if we take three traders, then two of them will dream of becoming the "powerful trader" about whom will make legends. Is it good or bad? 🧐 Evolutionarily, the desire for broad personal fame is a socio-psychological mechanism aimed at improving the human race. Great people drive progress, and society rewards them with emotional benefits - reverence, worship, etc. In theory, everything should be cool. In reality, the pursuit of fame can take various forms: 🔎constructive ambition; 🔎non-constructive vanity; 🔎various pathologies. For example, if you wanna be one of the famous millionaire traders, ambition can be a good motivating fuel and will help you grow professionally. But the lust for fame can also ruin a trading career. The problem is, that you can't become a famous trader right off the bat. Let's be frank: worldwide fame is for few. Even in order to gain professional recognition in a narrow circle, you have to work hard. And then the subconscious begins to throw in options, insidiously whispering: "It's okay, that you lost three deposits, took five credits for trading and lose 11 times out of 10. Start a YouTube channel and tell everyone how cool you are!"😉 There is no benefit from such activities. Success is doubtful, and in the worst case, you can even earn the fame of a bla-bla man and be known as an unwise person. But even this is not the most harmful thing. The main problem is that the pursuit of fame is a waste of time and effort. 🔥 A trader chasing emotional illusions ultimately reduces his chances of becoming a professional and gaining real recognition. 🔥 The desire for fame corresponds to the fourth stage of Maslow's pyramid - this is one of the forms of the need for respect / reverence. I already made a post on this topic, I'll leave a link for those who have not seen👇 But it happens that the thirst for fame grows out of completely different needs. Such pathologies include: 🔎Lack of love, which a person tries to compensate with popularity. 🔎The conviction that fame will solve all existing financial, household, social problems. 🔎 Feelings of inferiority. 🔎 Revenge arising from feelings of inferiority. 🔎Envy. In all these cases, there is a substitution of pathological adequate ambitions in life. And the pursuit of fame in an attempt to satiate jealousy, raise self-esteem, etc., takes away resources that could be used to achieve really important goals. 🙏 "I was just doing my job" 🙏 Real recognition comes when a person is on the seventh step of Maslow's pyramid, symbolizing the need for self-actualization. Simply put, is engaged in life's work. One beats, beats to achieve fame, while the other just works quietly, creates, does something there - and recive glory on a silver platter. Although he may not have expected it at all. In general, everything is simple: do the job, and the rest will follow. By the way, psychologists warn that if the desire for fame becomes the leading motive of activity, then it's - "blocks creativity and destroys personality." This doesn't mean, that you are forbidden to dream about how you will become a famous trader. But this dream should not be the main one, or only one. By the way, how can a trader become famous? From whom take an example? After all, the paths of glory are so different. For example, you can gain fame: 🔥demonstrating inspiring examples of the play of the mind and the ability to rise after defeat, like Jesse Livermore 🔥revolutionizing stock trading like Charles Doe and Edward Jones; 🔥breaking stereotypes, like Linda Raschke, who became one of the first tough women traders; 🔥becoming a champion in trading and writing a bunch of books like Larry Williams; 🔥deceiving Hitler and becoming one of the main figures in CME history like Leo Melamed ... 🔥And some are overtaken by the glory of Herostratus - like, for example, Nick Leeson, who in one fell swoop swung over a billion and ruined Barings Bank, which entrusted him with money management. I wish each of You - happiness to do something, that really brings You joy, because: SUCCESS IS NOT THE KEY TO HAPPINESS, HAPPINESS IS THE KEY TO SUCCESS! If you love what you do, you will be successful! Always keep it in Your mind and don't forget about Rocket Bomb 🚀💣 💙💛
BITSTAMP:BTCUSDEducation
by RocketBomb
16
Using MA on BTC's example!Hi! Moving averages are one of the most popular technical indicators. They have various types, but they have one purpose - to determine the current trend by smoothing out volatility and noise. Let's look how MA works on price movement of BTC! The crossing of the slow MA by the fast one from bottom upwards gives a signal to buy, from top to bottom - to sell - The simplest form of a moving average is known as a simple moving average (SMA). It is found by calculating the arithmetic average prices for a certain period of time; - Exponential Moving Average (EMA) assigns more weight to the latest data, which is why it is more preferable; - The main functions of moving averages include identifying trends and pivots, as well as support and resistance levels; - Moving average can be a risk management tool. Thanks to it, you can set a stop loss and cut a losing position; - The most popular moving average signals are their intersection with the price or their intersection with each other; - Crossing of the moving average price upwards gives a signal to buy, downwards - to sell; - Moving average signals can be false when pairs are trading in flat or when a gap forms; - Moving averages should be combined with various indicators and oscillators. So their signals will be more accurate, which will lead to the opening of profitable positions. Hope My post was helpful for You♥️ Stay tuned by Rocket Bomb 🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
14
Ethereum / Dollar 💥on daily chart 🚀💣Hello dear Ethereum holders and fans of Ethereum!♥️ Wanna share with You my view on near future of ETH Let's look at daily chart 👇 we can see a divergence (this type of divergence happens often and not works often). More about types of divergence You can read here 👇 As for MacD, it shows a sell signal ( the MACD line crosses the signal line from top to bottom). Time will tell us soon is it were wrong or right! Happy to share with You my thoughts♥️ Stay tuned by Rocket Bomb 🚀💣 My previous posts on ETH
BITSTAMP:ETHUSD
by RocketBomb
8
😱Types of Fears in Trading😱Hello! There are several types of fears at the market! 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 exchange; 💡- 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 trades. Guys, it's ok to feel all types of fears ! Especially for those , who new at the market ! Everyone went through that. Someone overcame own fears, someone is trying to overcome, but someone hasn't gotten along with emotions and left the market! Remember, if you have a goal - go forward!💪🏻 Look only ahead and listen only yourself !🙏🏻 If you wanna become successful - you'll surely become that!!!🚀🚀🚀 Let's become better together ♥️ Stay tuned by Rocket Bomb 🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
24
Maybe it's time to get out of comfort zone?🧐 Have you noticed, that one of the most comfortable sleeping positions is curled up in a ball. The legs are pulled up to the stomach, the head is lowered, the arms are hidden on the chest, the back is slightly arched. Cover yourself with a blanket and sleep. Warm, dark and calm. A sense of safety arises. And the secret of this protective posture is in subconscious imitation of the fetus in the mother's womb. There, in the warmth of the mother's womb, is the first comfort zone, that a person leaves when he is born. Subconscious memories of how comfortable, calm and good it was, remain with us for life. If you wanna live, you have to be born. For a baby, this jerk is extremely uncomfortable. You find yourself in a cold and unfamiliar place, and some monster slaps on your 🌰🌰 🤣🤣 After a while you want to eat and drink, and you have to do it yourself, and everything around is so huge, loud...really don't wanna repeat that. Therefore, subconsciously, we always resist leaving our comfort zone. The experience has already been. Didn't like it! But the stress mechanism, that is triggered during childbirth (and then every time you leave your comfort zone) is a protective function of the body. Stress activates the reserves of the body and brain, forces us to act more actively, to fight the aggressive world. However, nature also took care of the reward. If stress doesn't become constant, but is a one-time surge, that activates forces, relaxation and satisfaction follow. So, we figured out the physiology of the comfort zone. Why going beyond it guarantees stress is understandable. Now the question is: <> The birth of a trader In fact, everything new, unknown and unusual is outside the comfort zone. Even if we go to the store in a new way - that's a mini-stress for our brain, forced to work out a different route instead of saving resources while the body is moving on autopilot. Any change of scenery, new job means going beyond the familiar world. And the higher the unknown, the more uncomfortable the path. For most people, trading is terra incognita. Trading isn't taught at school, it's not taught at universities. Trading forces you to take responsibility. Most importantly, trading is always associated with risk. Risk is danger and uncertainty, and the brain reacts accordingly. He begins to ask insistently: "Do you really need this? No, are you sure?" Leaving the comfort zone and becoming a trader is also hindered by social stereotypes. First, society reacts negatively to any attempts to break the system, that is, to do something that goes beyond the standard life path: creativity, politics, business. Secondly, trading is one of the areas, that make most people wary (and statistics, according to which only 5% of traders achieve success, reinforce this feeling). So if you want to become a trader, you are already challenging society. That's why the birth of a trader so often becomes a struggle with the usual way of life, basic attitudes, other people's opinions and yourself. What happens, when you become a trader ? Think your comfort zone problems will end? Nothing like this. Two ambushes await the trader. The first is the inability to cope with responsibility for your life. The second ambush is stagnation. After overcoming difficulties, learning to trade and starting to receive a stable profit, the trader finds himself ... Right, in a new comfort zone! After all, what is it? The comfort zone is above all stability. But the calmness puts you to sleep. Periods of economic stability in history often turn into a stage of stagnation and stagnation. The same in human life. Psychologists Robert M. Yerkes and John D. Dodson established as early as 1908 that performance doesn't improve in a state of comfort. Motivation falls asleep. In order to become a successful trader, it is not enough to leave your comfort zone. You may have to struggle with its attraction more than once. Therefore, leaving your comfort zone, take care of your psyche: ✔️Pump up motivation. Be clear about why you are breaking the wall and whether you need it. ✔️Work through your fears so that the body does not engage in self-sabotage mode. ✔️Develop resistance to stress and brain flexibility. Choose non-standard routes more often - in the broadest sense of the word. ✔️Take care of insurance, think over different scenarios for the development of the situation. If you feel that getting out of your comfort zone is difficult for you, do not take a running ram. Take small steps. Have you ever tried to leave your comfort zone? Stay tuned by Rocket Bomb🚀 💣
BITSTAMP:BTCUSDEducation
by RocketBomb
19
9 Golden Rules of Effective Money Management 1. Choose the correct position size. The basic rule is one: don't forget to minimize your risk and correctly calculate position size in every deal. For example, you can invest all initial capital in one trade. But why? After all, you can never be sure, that particular deal is guaranteed to bring profit. Many professionals use the "Rule of 2% " - when in one position a trader risks no more than 2 percent of him deposit. In this case, if the trade is closed at a loss, you'll only lose a small amount of money. There is also an alternative approach, where the trader risks a fixed amount of money (for example, $ 5), that he would be comfortable with losing. 2. Don't trade too aggressively One of the biggest mistakes is too aggressively trading . Even a small series of several losses in a row, with an incorrectly selected position size, can lead to a significant decrease in the size of your deposit. 3. Always set Stop Loss Placing a Stop Loss order for each trade has practically no drawbacks, only advantages. Very often, traders become emotionally attached to their trades, which can be fatal. For example, if a trade becomes unprofitable, an emotionally involved trader will not want to close it and will believe, that the price can still turn around and go in the right direction. Setting a stop loss helps overcome this problem. Thanks to the stop order, you can strictly control the ratio of profit and risk. You should always follow this rule, so that money management in trading gives you tangible advantages, and the deposit doesn't melt before our eyes. This is one of the basic principles of risk control. Certainly not the only one. 4. Be careful with leverage In the cryptocurrency market, many traders use leverage. It can be useful, but using it can also lead to huge losses. As long as you rationally sizing your position and not using too high leverage, then you are fine, you are safe. 5. Keep your emotions under control Capital management in the market full of emotions: from excitement and euphoria to fear and frustration. Try to free your mind of emotions - this will help you make rational decisions. The easiest recipe not to lose money is to take control of your emotions. All wrong trading decisions are usually made under the influence of emotions. 6. Take responsibility for your results (both losses and profits) How to manage capital? First of all, with full awareness and responsibility. Traders must recognize, that their trades can be both profitable and loss-making. Assuming every transaction will be successful you can be wrong. A realistic trader knows that any result is possible and is ready for it, while accepting at the same time what the market will bring to him. 7. Manage your risk and avoid overtrading A trader should get into the habit of analyzing all types of risks. You should zvoid overtrading, which is often the case for newbies traders , who don't have a plan. With such an approach, the attempt to stick to effective money management in trading often ends in failure. 8. Set the position size and take profit level It is a key element of money management in trading. Before trading, a trader must determine: 🪄Position size 🪄Stop loss size 🪄Take profit level 9. Cut losses quickly and let profits grow According to this money management advice, you should close those trades that lead to losses according to your trading system on time and get the most out of winning trades. Enjoy your trading journey! I try to be useful to You🧡 Always sincerely with You😊 Your Rocket Bomb🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
8
BITCOIN : history repeats itself🚀💣Guys, it was a great flight! 🌕It was incredibly cool! 🔥It's unforgettable! Let's be realistic, this can't go on forever! Welcome to Earth 🌎 ✔️And the closest strong support level is -100$ from the high price. Falling will hurt 😱 Be prepared to make money on a bearish trend, that's also very cool, because successful traders are those, who accept the market as it is, regardless of the news noise and marketing gimmicks! stay free from it!🙏 Because I believe in YOU♥️ 📌I would like to remind You, the main axioms of Technical Analysis, that's the basis, that should not be forgotten🙏 1️⃣ Axiom - Movement of the market considers everything Any factor affecting the price - economical, political, psychological - is already known by market 2️⃣ Axiom - Movement of prices is purposeful The main task of technical analysis is to determine the direction of price movement for use in trade. 3️⃣ Axiom - History repeats itself Analysts suggest, that if certain types of analysis worked in the past, then they will work in the future, as this work is based on sustainable human psychology. Guys, who disagree with me, I ask You to respect my opinion and refrain from insults in the comments. I appreciate each of you💋 I always sincerely share my vision with You❤️ Yours Rocket Bomb🚀💣
BITSTAMP:BTCUSDShort
by RocketBomb
131
Golden Rules for Traders by Rocket BombHi, 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🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
10
LTC vs USD & BTC 🚀Hello dear friends, just quick update on LTC/USD vs LTC/BTC😊 For me still looks promising Try to catch the price at the bottom of triangle on the LTC/USD chart and the bottom of falling wedge at LTC/BTC chart by splitting buy orders. If You don't know how to do that, I leave Edu post here 👇 Looks very simple, but it works for Us😉 If You have any questions, I'm waiting for You in the comments 💋 Stay with me forever💋 Thank you for staying with me🧡 Sincerely Yours Rocket Bomb🚀💣
Long
by RocketBomb
24