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BTC ANALYSIS 11/7/23BYBIT:BTCUSDT.P Although we are sitting at quite a large order block on the bearish side of things BTC has given us the impression to NEVER count it out. In the last 4HR candle we came to the upside which them confirms a double bottom sitting right on that 100EMA line. I'm no Psychic but I like what I see for some long trades with some nice added amount of leverage to execute over the lower timeframes as I keep saying over and over again. this is just a game about finding support. PRACTICRS FOR 'ZEAL' Zeal meaning: Zeal - The inner flame that burns brightly for all to see. A person without zeal is like an engine without steam. *When you're feeling sick of being patient, be more patient. *A bundle of losses doesn't matter if you keep consistent. So, they ^ are my PRACTICES FOR 'ZEAL' for this idea which i will surely be doing on all of my posts from now on Thanks guys.
by fusfamily
TYPE OF FOREX MARKET ANALYSISIntroduction: Forex trading involves analyzing various factors to make informed decisions in the foreign exchange market. Traders employ different types of analysis to gain insights into market trends, anticipate price fluctuations, and make profitable trading decisions. Let's explore three primary types of forex analysis: fundamental analysis, technical analysis, and sentiment analysis. Fundamental Analysis: Fundamental analysis assesses economic, social, and political factors that influence currency values. Traders analyze macroeconomic indicators, news releases, and economic data. Key components include economic indicators, central bank policies, geopolitical factors, and market sentiment. Technical Analysis: Technical analysis studies historical price data, charts, and patterns to predict future price movements. Traders use tools like price charts, indicators, oscillators, and chart patterns. Techniques include moving averages, trendlines, Fibonacci analysis, and identifying support and resistance levels. Sentiment Analysis: Sentiment analysis assesses market sentiment and the collective emotional state of traders. Traders monitor news, social media, and economic indicators' deviation from expectations. Additional sources include COT reports, market depth, and order flow analysis. Conclusion: Forex analysis plays a crucial role in making informed trading decisions. Fundamental analysis evaluates economic factors, technical analysis focuses on historical price patterns, and sentiment analysis examines market sentiment. Successful traders often combine multiple analysis techniques to gain a comprehensive understanding. By integrating these approaches, traders can enhance their decision-making capabilities and improve their overall profitability in the dynamic forex market.
CEducation
by M2FINANCIALS
Psychology and Trading: Conquering FOMO 🔥 Do you ever feel the Fear of Missing Out (FOMO) when trading? 🔥 It's a common struggle, but fear not! In this post, I'll share five crucial points that have been instrumental in helping me gain control over my psychology throughout my trading journey. 😎 Embrace the Unpredictability: The market is a wild ride, and it can change direction in the blink of an eye. Even the best setups can turn into losses within seconds. So, keep a neutral mindset! Recognize that prices can move in any direction, and be ready to adjust your bias as market structures develop. By staying neutral, you can reduce your emotions and build a strong trading psychology. 💪 Master Risk Management: Risk management is the holy grail of trading. Without it, you're just gambling. Losses are inevitable, but by limiting your risk to a small percentage (e.g., 1%), you can protect your capital and keep trading. Consistently managing risk and maximizing your reward-to-risk ratio will compound your profits and overshadow any losses. ⏳ Patience Pays Off: Don't chase after every trade. If you miss an entry, don't panic! There will always be new opportunities that fit your trading plan. Impulsively chasing volatility leads to revenge trading, greed, and unnecessary losses. Stay disciplined and wait for confirmation before jumping into a trade. 🚫 Leave Your Ego Behind: Your ego has no place in trading. Just because you think the price will hit your target doesn't mean it will. Profitability comes from taking what the market offers. Be humble and flexible, adjusting your trades according to the market's behavior. This mindset shift will help you avoid costly mistakes. 📝 Craft a Solid Trading Plan: Want to succeed? Have a well-defined trading plan! It's your compass in the chaotic market. Identify profit targets, stop levels, and entry/exit points. Stick to your plan with unwavering discipline. Consistency and emotional control are key to achieving your trading goals. 📈 Remember, there's no one-size-fits-all approach in trading. Each trader has their own style, plan, and mindset. As long as you follow your plan and your decisions align with your criteria, you're on the right track. At @Vestinda we hope you found these tips helpful! Trading is a journey of self-improvement and constant learning. By applying these principles, you'll gain better control over your psychology and increase your chances of success. Keep exploring, stay curious, and never stop honing your trading skills! 🤗
BITSTAMP:BTCUSDEducation
by Vestinda
5 Trades this week & +2.40% 😆 / Part 1In this Weekly Review I breakdown my thought process for my first 4 trades of the week. The video was cut short due to a 20 Minutes max length for tradingview. I just learned about this since I am new to video analyses on tradingview. I will be uploading the Part 2 for my final (5th) trade of the week at some point this weekend. If you enjoyed the video, please leave a rocket or a comment 😁 I will be making more video analysis for the channel as I have been enjoying them myself. Anyways have a nice weekend.
Education
by ShrewdCatfx
Importance of a Stop Loss🔴 A stop-loss (SL) is a limit order that specifies how much loss you are willing to take on a trade. It prevents you from making additional losses on a trading position. 🟢 A take-profit (TP) works as the exact opposite of a stop-loss. It specifies the price to close out a position for profit. When you have a take-profit order, the trading platform you are using closes your position automatically when the price level is reached. These tools are beginner friendly and are usually effective for short term trading. The first thing a trader should consider is that the stop loss must be placed at a logical level. This means a level that will both inform the trader when their trade signal is no longer valid, and that actually makes sense in the surrounding market structure. There are several tips on how to exit a trade in the right way. The first one is to let the market hit the predefined stop loss that you placed when you entered the trade. Another method is to exit manually, because the price action has generated a signal against your position. I advise you to use Stop Loss for EVERY trade that you open. Trading without a Stop Loss is a huge risk and it requires specific strategy and experience.
Education
by SanShone
GOLD buyXAUUSD aka Gold we will know have multi time frame anylsis and we start from daily TF in which gold is going to complete a falling wedge and has taken all the Sell orders on daily time frame through a fake out candle and now it will reach its buy zone soon 2- now as we see on H4 time frame on 1924 level it has given a beautiful Bearish engulfing which gives us a short term signal to short this commodity to our level at 1913 so we have take a scalp trade from our M15 bearish Engulfing zone 3- now on Daily time frame we have a buy confluance as gold is showing us rejecton and 200EMA also showing a buy side potential
OANDA:XAUUSDLong
by Wakeel_Saab
1
Educational: The issue with high risk to reward🔶 Introduction A high win rate—that is, the proportion of trades that result in profits—is appealing to many traders. They might believe that being lucrative requires a high win rate, or that it will increase their self-assurance and lessen their tension. A trader's performance may be negatively impacted over time if they have a high win rate, which is not a guarantee that they will be profitable. We will discuss the problem with high risk to reward and win rates in trading in this publication and why they are not the best measures of success. 🔶 Risk to reward and win rate Two ideas that are frequently used to gauge the effectiveness of a trading system or strategy are the risk to reward ratio and win rate. The risk to reward ratio calculates how much a trader is prepared to lose in exchange for a possible gain. A trader's risk to reward ratio, for instance, is 1:2 if they stake $100 in order to gain $200. The win rate calculates the percentage of trades that a trader wins out of all the trades they place. For instance, a trader's win rate is 80% if they win 80 out of every 100 trades. 🔶 Inverse Relationship between Risk to Reward Ratio and Win Rate One would believe that a successful trader should have a high win rate together with a high risk to reward ratio. This isn't always the case, though. In fact, the risk to reward ratio and win rate have an inverse connection, which means that when one goes up, the other goes down. This is due to the fact that the likelihood of achieving a reward decreases as it increases in potential, and vice versa. For example, if a trader aims for a 10:1 risk to reward ratio, they will have to find a very rare opportunity where they can risk $100 to make $1000, which is unlikely to happen often. On the other hand, if a trader aims for a 1:1 risk to reward ratio, they will have more chances of finding trades where they can risk $100 to make $100, but they will also have to win more than half of their trades to be profitable. 🔶 Importance of Positive Expectation Therefore, unless a trader also has a positive expectation, which is the average amount of money they gain or lose every deal, having a high win rate does not necessarily indicate that they are a profitable trader. The risk to reward ratio is multiplied by the win rate, and the loss rate—which equals 1 less than the win rate—is subtracted to determine the expectation. For instance, a trader's expectation is as follows if they have a 2:1 risk to reward ratio and a 60% win rate: Expectancy = (2 x 0.6) - (1 x 0.4) = 0.8 This indicates that they profit by $0.8 every trade on average. However, if their win rate remains at 60% and their risk to reward ratio falls to 1:1, their anticipation changes to: Expectancy = (1 x 0.6) - (1 x 0.4) = 0.2 This means that on average, they make only $0.2 per trade. As you can see, having a high win rate does not guarantee profitability, unless it is accompanied by a high enough risk to reward ratio. 🔶 The Limitations of High Risk-to-Reward Ratio and Win Rate High win rates can also be problematic because they might make traders overconfident and complacent. They might neglect the risks and uncertainties associated with trading because they believe they have discovered a perfect technique or plan that will always work in their favor. A second possibility is that they grow emotionally attached to their winning streaks and worry about losing them, which can lead them to stray from their trading strategy or take unwarranted risks. Furthermore, a high success rate may make traders more susceptible to cognitive errors like confirmation bias and hindsight bias, which can skew their judgment. 🔶 Conclusion It may not be as desirable as it may seem to have a high risk-to-reward ratio and win rate when trading. It does not necessarily imply that a trader is successful or profitable, and it may also have some negatives that adversely impact their performance. For long-term trading success, traders should pay more attention to other elements than only these indicators, such as expectancy, consistency, risk management, and emotional control.
COINBASE:ETHUSDEducation
by ChristopherDownie
3
KSE 100 INDEX BUYas Pakistan stock exchange has given an access to this portal and my first analysis is on KSE 100 INDEX i see a potential buy setup to a Daily Resistance Level and the first confluence for this setup is a GAP UP opening on Monday which is buy Signal the 2nd confluence is 200 EMA which is below candles and shows that it will be a buy setup third confluence is formation of a hammer candle which also shows us a buy setup but as i know the political situations and Geo economical position of Pakistan any move could be possible if everything goes smooth we will buying this 100 index
PSX:KSE100Long
by Wakeel_Saab
Educational: The truth about backtestingI recently started to read a number of finance books and watching a lot of YouTube channels specifically on the topic of chaos theory and backtesting. I am going to start a series here where I share what I am learning and today we are going to delve into the world of backtesting. "Those who fail to learn history are condemned to repeat it" - George Santayana Many would agree that the above statement is truth. However one of the first thing you learn in trading/finance is that "Past performance does not predict future results". This statement is on every website, every video and every article. Everyone arms themselves with this statement and then proceeds to base the information they provide on past performance/data. Well if this statement is truth, what is the alternative to using past performance/data? Financial reports, economic forecast, technical analysis, price action, footprint chart are all based on past performance/data. The truth is that the statement is made primarily as a legal protection against mislead investors who may believe that because something happened in the past it is guaranteed to happen again. But does that mean that there is no truth to the statement ? Well not exactly. "Hindsight is 20/20" When looking at market data of the past it is very easy to see clear patterns in market behavior that seemingly repeat over and over again, creating the illusion that if you map an investing/trading strategy on this data it is very likely to performance well in the future. But this is not truth at all. In order to understand why it is not true please try to imagine the activity below. Imagine you are a racecar driver, and you're brought to a new racing track that no one has every driven on . You are task with setting the best time record on the track. You got in your car, did your best and set a record of 10 minutes to complete the track. After the race you now have a map of the track and know what turns to expect and all the details of the road. Lets say you share this information to the next driver. He now attempts to set a record on the track and he beats your record by 2 minutes and the new record is now 8 minutes. The second driver now shares what he has learnt about the track to the third driver. The third driver takes the information from driver 1 and driver 2 and modifies his car to have the right tire's, right suspension, right aerodynamics etc. in order to have to best performance on the track. The third driver goes on the track and sets a record of 5 minutes. Completely outperforming driver 1 and driver 2. Driver 3 is now the champion of the track. Below is a simple visualization of what is happening in terms of information that each driver had on their first run of the track. Driver 3 is now dominating on the track and thinks he is unbeatable. Some time has past and driver 3 is brought to a new track that no one has raced on with his modified car from the first track. He attempts to race the track and sets a record of 12 minutes. He thinks he has done well. But driver 2 attempts the track and sets a record of 7 minutes out performing driver 3 Why didn't driver 3 outperform the other two drivers on the new track with his modified car? Well, what has happened here is that driver 3 has modified his car to the specifics of the first track as best as he can but when he went on another track that has different variables his car was not able to perform as well as it did before. Maybe the terrain was too rough or maybe the corners were too tight on this new track. Regardless of the reason, the modifications made to the car ended up working against him. In backtesting this is called "overfitting". Overfitting in backtesting is when a strategy has been developed too precisely on past data causing the strategy to "fit to the curve" and there is now a risk of it not performing in the future once the market behavior changes. Above we have a demonstration of how overfitting works. Where we looked at some data in the past and then we created a strategy that would have performance well on that data. Based on this information it now seems like we have a very profitable system but lets see what happens when me use this strategy on future data without adjusting our strategy. In the image above we can see that the same strategy is no longer working in the new market environment. There are periods where it does perform but overall it is far worst. Now you might wonder, why is this? If the strategy worked on the market in the past why wont it work in the future. This is because the market is unpredictable. People often say the market is random, it is not random, what it is, is unpredictable and that is very different from being random. I will be doing another publication on chaos theory in the markets which will go into this topic much deeper, but for now, know that the reason it doesn't work is because the market is unpredictable. When looking at past data if you take a bunch of variables and brute force your way into finding a strategy you will eventually find a strategy that "fits to the curve". You should not be using backtesting as a way to necessarily find a edge but it should be used as a way to validate your edge. So with knowing this information how do we combat overfitting of data and how to properly backtest a system. When backtesting you need to deploy your backtesting using out of sample and in sample data. And what that means is that you will break apart your data into clusters. Where your "in sample" data is where you design your strategy and parameters and your "out of sample" data is where you will apply your strategy to see if it works. For example lets say you are looking at 10 years of data that you want to backtest. Take 3 years of that 10 and develop your strategy. Then with the strategy you developed which performs well on your "in sample" data you will now use it to test the other 7 years, of your "out of sample" data. What this does is prevent you from overfitting to the curve by basing your strategy on the entire data set. Below is a visualization of this What this does allow you to create a robust strategy that can be forward tested on future data. Once again this is me sharing some of the knowledge I have attained. I am sure there are programmers here on tradingview that could possible explain this better or in more details. I welcome discussion and any criticism regarding my publication. Thank you for taking the time to read and I will update this publication in the future if needed.
COINBASE:ETHUSDEducation
by ChristopherDownie
2
Making Sense of the Market (Educational Post) 📑3rd Week May 23'Hello Traders. Today I have created a summary of this previous week's price action on a Session-Session basis. I explain in detail each of the 15 Sessions and how they relate to the overarching destination for the weekly candle. I hope you enjoy and please leave some feedback in you found this either useful or interesting. Best, Shrewdcatfx 🐱‍👓 Key for Chart 1 = Asian Session 2 = London Session 3 = New York Session Monday - Black Numbers Tuesday - White Numbers Wednesday - Purple Numbers Thursday - Red Numbers Friday - Blue Numbers Important Level's Weekly Level - 1.0866 Daily Level - 1.08739 ( Created after Tuesday's Daily Candle Closure) Daily Level - 1.08532 Daily Level - 1.08401 Daily Level - 1.07597 15 Sessions Breakdown Monday - ( Black Numbers ) 1 First Asian session begins by going up and rejecting (1.08537) Daily Level. Buyers are stepping in early in the week and the new weekly candle is pulling up. 2 The First London session of the week is a catalyst to create a Higher High in market structure on the Intraday timeframes. However with the new 4hr candle price pulls back down and drops before seeing once again another opportunity for Buys 3 The first New york session of the week combined with manufacturing data saw one more push to the upside which turned out to be the High of the day. As NY session progressed price pulled back and found support at the 1.0866 weekly level before bouncing once again. Tuesday - ( White Numbers) 1- 2nd Asian session of the week price consolidates inside of the previous NY session range, not much occurs 2- London session pulls back and retests 1.0866 weekly level where price finds support once again Price consequrntly bounces and creates a new weekly High above the Monday NY session manufacturing data highs. This london session Bullish push turns out to be the high of the week 3- New York Session price eases off the high prices created during London session. Retail sales data is released and volatility and volume shakes up price in the short term but continues to ease off the highs from london session. Price drops further adn london close prints the low of the day. The daily candle closes below our 1.0866 weekly level after attempting to push up with manufacturing data and retail sales data Wednesday - (Purple Numbers) (The close of the Tuesday daily candle creates our 1.08754 Daily Level) 1. Asian Session - Pulls up to retest our new formed Daily level 1.08754. As we move through Asian Open and the 4hr candle associated with it price appears to be backing off and rejecting the new formed Daily level 1.08754. 2. At this point we have 2 Daily Candle closures above 1.08537 Daily Level, however as we move into the third london session of the week price is beginning to crease below this daily level 1.08537. Price is also continuing to reject our new formed 1.08754 Daily level from Asian session. Price effortlessly drops through 1.08537 and quickly reaches our next potential support at Daily level 1.08393 . Price keeps pushing down and it is clear that the weekly candle has flipped bearish, dropping below our Monday Asian session prices and creating a fresh low on the week. 3. NY session sees a short lived continuation but quickly reverses pulling back up and clearing out fomo sellers . Price pulls back and does a textbook break and retest at the price where the weekly candle opened on Monday Asian price consolidates at the break and retest area 1.085 Thursday - ( Red numbers) 1. Asian session completes the break and retest at 1.085 and prices begins to head back towards the low created during the previous NY session 2. London Open provides a catalyst for a continuation of momentum to the dowside as we head back towards the previous NY session Low. We touch the NY session low and create a new low price on the week. 3. New York Session Open and Unemployment data is due to release. Yes, Unemployment data is the catalyst to punch out even more lows on the week Price make a very nice and lenngthy push from here on this thursday. Friday - (Blue Numbers) 1. The Thursday daily candle closes bearish but above our 1.07597 Daily Level. Asian session attempts multiple times to keep dropping below 1.07597 but buyers hold firm here. 2. As the final London session of the week approaches prices begins to bounce off 1.07597 and creates a High on Intraday timeframes. Then comes london open and price continues to pull back to the upside Simultaneusly we can observe that as the weekly candle comes to a close, the candle is pulling back up and creating a bottom wick. 3. New York Session provides a catalyst to continue pulling back up before violently whipsawing and ranging to end off the week
Education
by ShrewdCatfx
EDUCATION: How to trade forex?Trading foreign currency on the forex market, also known as foreign exchange trading, can be an exciting hobby and a lucrative source of income for many people. Currently, the stock market trades about $22.4 billion per day, while the forex market trades around $5 trillion per day. There are various ways you can engage in online forex trading. 1. Learn basic forex terms. - The currency you are using, or selling, is the base currency. The currency that you are buying is called the quote currency. In forex trading, you will sell one currency to buy another. - The exchange rate tells you how much you have to spend in the quote currency to buy one unit of the base currency. - A long position means you want to buy the base currency and sell the quote currency. In our example above, you want to sell dollars to buy pounds. - A short position means you want to buy the quote currency and sell the base currency. In other words, you sell British pounds and buy US dollars. - The bid price is the price the broker is willing to buy the base currency for in exchange for the quote currency. The bid price is the best price at which you want to sell your quote currency in the market. - The ask price, or ask price, is the price at which the broker sells the base currency in exchange for the quote currency. The asking price is the best you are willing to buy from the market. Spread is the difference between the bid price and the ask price. 2. Specify the currency you want to buy and sell in. - Forecasting the economy. For example, if you believe the US economy will continue to weaken, and this is not good for the US dollar, you may therefore want to sell dollars in exchange for currency from a country with a strong economy. . - View a country's trading position. If a country has a lot of popular goods, it may export goods to make a profit. This trade advantage will boost economic development, thereby helping to boost the value of this country's currency. - Political review. If a country is holding an election, its currency will appreciate if the winner of the election has a fiscally biased agenda. In addition, if a country's government loosens regulations on economic growth, this will push up the value of the currency. - Read economic reports. A report on GDP, or on other economic factors such as employment and inflation, of a country will have an effect on the value of that country's currency. 3. Learn how to calculate profit. - Use the unit "pip" to measure the change in value between two currencies. Usually, one pip equals 0.0001 change in value. For example, if the EUR/USD rate increased from 1.546 to 1.547, then the value of your currency has increased by 10 pips. - Multiply the number of pips your account changes by the exchange rate to find out how much your account value has increased or decreased. 4. Market analysis. You can try several different methods such as: - Technical Analysis: Technical analysis is looking at charts or previous data to predict the direction of currency movement based on past events. The broker will usually provide you with a chart, or else you can use a popular platform like Metatrader 4. - Fundamental Analysis: This analysis involves looking at the economic background and character of the country and based on this information to make trading decisions. - Psychoanalysis: This type of analysis is largely subjective. You're basically trying to analyze market sentiment to figure out if the market is trending "bearish" or "bullish." While market sentiment cannot always be certain, you can still make some guesses, and this will positively impact your trading. 5.Define margin trading. Depending on the broker's policies, you can invest little money and still make big trades. - For example, if you want to trade 100,000 units with a margin of 1%, the broker will ask you to put $1,000 in cash in your account for safety. - Both profit and loss will be added or deducted from the account. For this reason, the best general rule is to only invest 2% of your cash in a particular currency pair. 6. Advise. - Try to use only about 2% of your total cash. For example, if you decide to invest $1,000, try using only $20 to invest in a currency pair. Prices in Forex are very volatile, and you have to make sure you have enough money to spend when the currency pair price drops. - Try using a demo account to make forex trades before investing real capital. That way you can be sure of the process and definitely should you join forex trading. After you always make the right trading decisions with a demo account, you can start doing it with a real forex account. - Limit losses. Let's say you have invested 20 USD in EUR/USD currency pair, and today you have lost 5 USD. But you haven't lost your money yet. It is important that you only use about 2% of your cash back per trade, plus a stop loss with that 2%. You still have enough capital to cover this period so you can keep the position from closing and make a profit. - Remember a loss is not a loss unless your position is closed. If your position is still open, your loss will only be calculated if you choose to close the position and take the loss. - If the currency pair moves against your will, and you do not have enough funds to cover it during this time, your order will be automatically cancelled. Therefore, you must make sure not to make this mistake. 7. Warning. - More than 90% of day traders fail. If you want to learn the common pitfalls that cause you to make bad trading decisions, consult a trusted fund manager. - Check to make sure that the brokerage firm has a specific address. If the broker does not provide an address then you better find someone else to avoid being scammed.
Education
by Sphyn-Trader
17
EDUCATION: The most common model patterns!Hello traders, I present to you a few candlestick patterns that appear frequently and have a fairly large win rate. CUP AND HANDLE The cup and handle pattern on the price chart resembles a cup with a handle, where the cup is U-shaped and the handle slopes down slightly. The cup forms after moving upwards and looks like a bowl or round bottom. When the cup is completed, a narrow price range develops on the right side and a handle is formed. A subsequent breakout of the trading range forms the handle indicating a continuation of the previous upward move. PENNANT PATTERN This is a type of continuation pattern that forms when there is a major move in the market, known as a flagpole, followed by a period of consolidation with converging trendlines, pennants, and finally a move. breaks in the same direction, like the original move, representing the second half of the flagpole. FLAG The flag pattern is used to determine the possibility of a continuation of a previous trend from a point where the price has drifted in the same trend. If the trend continues, the price could rise rapidly, making it an advantageous time to trade using a flag pattern. If you think you've seen a flag to trade, the most important thing is a fast and steep price trend. If the price slowly rises and falls below the flag, you should not trade at that time. DOUBLE BOTTOM The trajectory of the price line during the formation of the pattern resembles the letter "W". The last two price lows, located approximately the same, are a strong support zone where two price reversals are made to the upside. When the market price breaks through the resistance level of the pattern, the formation of the pattern is complete. The BUY signal appears and the trend will change.
Education
by Sphyn-Trader
4
Overview of accumulation breakout patternsWelcome to my new educational post As you can see in BCH/USDT chart, One weekly green candle is enough to overcome 1 year of bear/consolidation zone !! If you are surprised, let me tell you this is very normal behavior in crypto market as we saw this happened many times before Another example : DOGE / USD When to expect a coin to explode like that ? The accumulation pattern have many stages 1- After a period of bear market starts to deccelerate the price action becomes flat and usually take long time of horizontal accumulation between main supply and main demand (weeks / months / years ) 2- Multiple fakeouts can happen to make both buyers and sellers exhausted *The best buy (smart money) after the price reclaim the main demand after stoploss taken the second best buy after valid breakout (candle closing) The shorting is the vice-versa 3 - Finally the strong breakout take place and overcome many weeks / months or even years of bear / consolidation/ accumulation zone 4- After the coin make breakout many traders will avoid it in the early breakout but it will continue rise and rise ..and every time it rises more it becomes more risky Later it will turn to be crowded coin and many newcomers buy it at very high prices at this stage it becomes a gamble and MM will sell their profits on newbies Note : The distribution phase is the opposite of accumulation phase Note : not all coins can survive bear market, So the fundamental view has great role to support the coin I can tell you about potential coins in accumulation now which have chance to do similar thing : #FTT - #DYDX DO you know another potential coins in accumulation ? Tell me in comment section below ⬇️
Education
by Babenski
49