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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 with You on very interesting topic - which calls <>! This post was created by myself this summer, SPECIALLY MY THOUGHTS, based on 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🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
6
Bitcoin & Rocket Bomb's view on 16.01.2021🚀💣Hello, dear friends!♥️ Bitcoin's price movement forms a symmetrical triangle. We can see it on two timeframes - on the daily (left) and hourly (right). We know, that symmetrical triangle is a figure of uncertainty, that's why it's very dangerous. Especially when the price of Bitcoin is very high. But knowing certain rules, we'll be able to assess the side of the price movement with a higher probability. 🔺a triangle is considered reliable and indicates a high probability of the continuation of the trend, if the trend lasted for at least several weeks before its formation; 🔺to build this figure, at least four points are needed - two for the resistance line, two more for support (a more reliable triangle is formed by six points - three for the top line, and three for the bottom); 🔺as the triangle forms and the range narrows, the trading volume should decrease; 🔺the approximate purpose of price movement is usually determined by the width of the triangle. 📌Traders should be very careful when working with a triangle, especially with a symmetrical. Each time when such a figure is forming, two likely scenarios of price movement should be taken into attention. Let's take a look how it worked on previous analysis 🧐 Stay safe and optimistic🙏🏻 I try to be useful to You🧡 Always sincerely with You😊 Your Rocket Bomb🚀💣
BITSTAMP:BTCUSD
by RocketBomb
10
BITCOIN 🤯Is it real H&S pattern?🧐Hi, today I received a lot of questions about the formation of the <> pattern on the Bitcoin price movement. Guys, I understand, that the market is in a state of correction now, and seeing this pattern makes you nervous. But let's try to figure out what may await us in the near future. On the left side of my chart, you see the current situation. If the price breaks the neckline, only after that you can go into short position. IMHO, ONLY after breakdown 28 k we'll can talk about a trend reversal and worry about the subsequent dominance of bears in the market. To be honest, I don't think this will happen. This can't be denied, but in my opinion it's unlikely.But who knows... On the right side, you can see several similar movements in Bitcoin when the price WOULD LIKE to form this pattern, but the neckline was not broken and prices moved up. DON'T TRY TO OUTSTIP THE MARKET! It will bring you only losses! I know, that many guys have made tutorial posts on <>, I don't know if You need another one from me. If you need it, let me know about it in the comments😚 I try to do my best for you, my dears😘 Stay with me😊 Your Rocket Bomb🚀💣
BITSTAMP:BTCUSD
by RocketBomb
29
How to trade <<Divergence>> in the market?Hello, friends! I have prepared a very important and informative post for You. I hope you'll like it♥️ Let's talk about Divergence🧐 The word divergence comes from the Latin "divergere" - divergence, deviation. Divergence is a situation when the movement of the indicator doesn't match the movement of the price. Usually, divergence happen when, for example, the market has reached some new levels, but the indicator cannot reach its previous values. Or, the opposite situation is possible, when the market dropped below a certain level at which it stopped earlier, while the indicator can't reach its previous value. This situation indicates, that the latest market movement is not reliable and is not supported by a large number of participants. So, almost always, after such a breakout in the market, either a reversal or a flat, or it can be a short-term stop followed by a continuation of the trend. There are two main types of divergence: Bearish. When there is a higher price high with a lower high of the indicator. In this case, a down trend reversal is likely. Bullish. When the level is a lower price low with a higher low on the indicator. In this case, we forecast a trend reversal upward. What is the practical significance of divergence? What is the practical significance of divergence? In practice, it allows you to exit the market in a situation when, with long-term growth, we see the threat of a reversal. Divergence tells you exactly where this movement should start. This allows you to enter the market on time and exit on time. This signal is so significant, that even if a trader uses only fundamental analysis and doesn't use indicators, needs to start at least one oscillator to watch the divergence. Thus, the appearance of a divergence may indicate the end of the current movement. Usually, the appearance of a divergence may indicate the end of the price movement and a possible strong price reversal or correction. Divergence is an important and strong signal. As with other patterns and signals, the higher timeframe, the more likely it is! Now let's talk about classes of Divergence Class A Divergence The weakest type of divergence. Talking about a slow, gradual reversal. In the case of a bearish divergence, the indicator shows a lower high at a new high on the chart. For a bullish, on the contrary - we see a new price low with a higher low on the indicator. ❌It's not recommended to open trades on such a signal; it's better to wait for additional confirmation. Class B Divergence The price forms a double top, while the indicator shows a lower high - that's true for a bearish divergence. For bullish - we see a double bottom on the chart and the indicator shows a higher low. Class C Divergence The weakest species. Usually formed in a volatile market. ❌It's better to avoid such signals. If the price creates a higher high, and the indicator shows a double top, it's a bearish divergence C. If the chart shows a lower low, when the indicator shows a double bottom, it's a bullish divergence C. Hidden Divergence In addition to the types of divergence discussed above👆🏼, there is also a hidden one. It's even more effective than those listed above, although it appears quite rarely. Enter on such a signal only in the direction of the current trend.📌 If you see a lower price high with a higher high of the indicator, it is a bearish hidden divergence. It is true for a bullish to find a higher low on the chart with a lower low on the indicator. What conclusions can we draw? 🔸The presence of a Divergence often, but not always, means a trend reversal💡 🔸Divergence is a relative signal that depends on the chart time frame, and the the type and indicators. 🔸It will not be possible to determine the ideal entry moment, therefore it is necessary to use also other indicators and patterns. 🔸This strategy works in theory on all instruments, but in practice it is suitable for those that tend to long-term trends without corrections. 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:BTCUSDEducation
by RocketBomb
25
How to use Fibo levels in trading?Hi guys, as I promised, this post is about Fibonacci Levels for YOU!🧡 Many newbies on the market, and I'm sure this post can be helpful, so must be repeated 💪 Leonardo Fibonacci is a great mathematician who lived in the XI century. The scientist deduced a number of natural numbers, which later began to bear his name. Each number in the series was the sum of the two previous numbers: 1 + 1 = 2; 1 + 2 = 3; 2 + 3 = 5 etc. The result is a series of numbers: 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, etc. Fibonacci numbers have some properties: 📌Division of any number of the series into the subsequent tends to 0.618 (the golden ratio in ancient Greek and ancient Egyptian cultures); 📌dividing any number of the series by the next + 1 tends to 0.382; 📌dividing the subsequent number of the series by the previous one tends to 1.618; 📌division of the number of the series by the second number preceding it tends to 2.618. Fibonacci numbers are often used not only in technical analysis , but also in physics, astronomy and other disciplines.💪🏻 Fibonacci levels are a tool that sets horizontal support and resistance levels on the price chart based on price movement. It's important to understand, that Fibo levels work well when there is a trend in the market. How to determine Fibonacci levels? To determine Fibonacci levels, you need to find the recent significant high and low of the last price movement. When plotting levels for a downtrend, the first point should be at the maximum and the second at the minimum. For an uptrend, you need to do the opposite. Click on the low of the price swing and drag the cursor to the high. In this case, the construction of levels always occurs from left to right. How to trade by Fibonacci levels? The basic variant with an upward movement: we determined the minimum and maximum, set the levels, waited for a rollback, entered the market. The price continues to move - we drag the levels to a new maximum, wait for our rollback level, and enter the market. In a downward movement, we do the same, entering a movement on a pullback. The technical analysis usually uses the number 0.618 or 61.8%, 0.382 or 38.2%, as well as the psychological half (middle) of 50%. ✔ Very often, based on these coefficients in the technical analysis of the market, Fibonacci lines, Fibonacci levels and Fibonacci periods are built. Fibonacci lines are built relative to significant highs / lows and represent support or resistance lines, from which they make a purchase or sale. Fibonacci numbers - the magic of numbers that works in trading and in everyday life . 💥You can simply draw arbitrary horizontal lines on the chart, and ... oh that's mystic... they will also be worked out both in the past and in the future.💥 We can make some conclusions: 🔵Fibonacci tool draws support and resistance lines on the chart based on price movement; 🔵the Fibonacci tool is always applied on the price chart from left to right, both in the case of long positions in an uptrend, and in the case of short positions in a downtrend; 🔵the levels marked between the beginning and the end of the price movement are correction levels, they show which levels the price is likely to return to; 🔵the most common Fibonacci retracement levels are 38.2%, 50% and 61.8%, they are often used to enter the market; 🔵there are two ways to use correction levels to enter the market: aggressive (entry at each of the levels) and passive (waiting for the price to correct in the originally observed direction); 🔵It's important to note that Fibonacci levels are not a trading system, they are an additional tool that only suggests possible correction levels; it should be used only in combination with a trading system or as part of a trading system. I hope everything was clear for You, and You found this post as helpful🙏🏻 I really wanna be useful to you, guys! I make every post with love and it brings me extraordinary pleasure!🙏🏻 Thank you for staying with me💋 Always sincere with You🧡 Your Rocket Bomb🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
16
How to tame Crypto Market?🤑Hello, dear bottom catchers😉 It's difficult looking at the market correction. Waiting for a strong and prolonged correction is doubly difficult. Fears and concerns are very easy to understand, when we see today's prices 😱 Each of Us wants to catch the very bottom. With a high probability I can say, that's almost impossible! You can ask me <> I can answer You😉 1. Undervalued buy orders. Trader expects to see price too low and misses the opportunity to buy during the correction 2. The price hits the bottom too quickly and simply "flies" up. That's very typical of Bitcoin 3. Greed. That's a terrible vice. A trader, seeing, that the price goes down for a long time, constantly looks at the movement and tries to predict and grab the bottom, but that's impossible without experience. I can give You advice for protect Yourself!💥 Split Your buy orders🔥🔥 (that's part of my strategy). What does it mean? Using Fibo levels, find the "golden mean" of the retracement and set several buy orders in this zone. (How to use Fibo levels, You can find in my next EDU post, stay tuned ) What will we get from it?💥 1. We don't have to worry about missing the opportunity to buy at a discounted price. By splitting orders, we can average the average purchase price. 2. You don't have to sit at the computer all day and not spoil your nerves. Take a rest. And You'll forget about greed What do you say, friends? I really wanna be useful to you, guys! I make every post with love and it brings me extraordinary pleasure!🙏🏻 Thank you for staying with me💋 Always sincere with You🧡 Your Rocket Bomb🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
25
9 Golden Rules of Effective Money Management 9 Rules of Effective Money Management in Trading 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
29
Trading vs Holding 🤯The profitability of cryptocurrencies over a long period is very attractive. So why just not invest in cryptocurrencies according to the <> strategy and keep them a couple of years? 🤔 💥It's hardly possible to give an unequivocal answer to that question, since everyone has their own strategy, psychology, and risk appetite.💥 👍🏻 Some arguments in favor of trading: 👍🏻 👉🏻 not all cryptocurrencies live for a long time, and those assets that are now leaders can become outsiders after only a year or two; 👉🏻 investing in a Buy & Hold strategy is justifiable if there is significant free capital, that can be diverted from circulation for a long period of time. ❗❗You can increase your profitability if you combine the holding strategy with active trading (or at least re-balance the portfolio from time to time). 👉🏻Giving preference only to long-term investment, it's impossible to acquire trading skills, which, by the way, can become an additional source of income. 👉🏻As for the arguments in favor of the Buy & Hold strategy, the image illustrates them most clearly🤣 Thus, trading allows you to profit in the short term, and long-term investment doesn't require frequent activities, as well as the study of various indicators and trading strategies. However, in both cases, a rational choice of assets, discipline and balanced decision-making are required. In any case, if you choose one of the strategies or their combination, you can't do it without knowledge and skills. What do you choose for trading?🧐 Therefore, I always urge you to develop, learn something new, and people who have long been on the market - don't stop self-development.💪🏻💪🏻 Guys, if you liked my post, put me 👍🏻 and write your thoughts in a comments✍🏻 Don't forget to subscribe, if you aren't already😆 And of course, stay with me, dear💓💓💓 Your Rocket Bomb🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
12
Choose YOUR own CORRECT way 🙏🏻Now is the time, when many newcomers enter the market, why I consider it's important to repeat some of my previous posts. And of course "Repetition is the mother of learning"😉 Indeed, the Internet are full of different advertisements, that making money can be easy and effortless on the Crypto market, but that's not true. Now I'm ashamed to admit, but ones, I came here for the same reason.🤦🏻‍♀️ And like many newbies, I made many mistakes. Any person, who wants walking trader's journey has initially two roads - (on the picture I marked them as "correct" and "wrong"). That's my subjective vision, which I demonstrate you after passing the difficult path of my own. WRONG WAY: ◽ Waiting for quick money. ◽ Changing the trading system after each loss. ◽ Using different approaches without understanding them. ◽ Looking for a trading guru, who promises a big income in the shortest time. CORRECT WAY: ◽ Realize that's ok to loss money, but need try to control risks and analyze our own mistakes. ◽ Desire to develop Yourself . Create your own trading system and improve it. ◽ Carefully study the main approaches, analyze what works best for you. ◽ Find someone, who will point out Your mistakes, can help with advice, but wouldn't do all work for you. Having gone the wrong way, I decided to go back and start from the very beginning. And I'm not going to stop!Only forward! I really hope my post helps newbies. It's impossible to avoid all mistakes, everyone has their own path. But how comfort it will be, that's all depends on you! But we Ukrainians say: "Forewarned is forearmed!" I wish You patience, strength, perseverance and a huge desire to conquer the market, because every minute it is filled with different opportunities. But without knowledge it will be very difficult to "catch" these opportunities! Stay safe and optimistic🙏🏻 I try to be useful to You🧡 Always sincerely with You😊 Your Rocket Bomb🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
12
Bitcoin & Buying Zone!💣Hello, friends!💋 Every trader asks the question to her/himself, “Is the long-awaited correction of Bitcoin soon?”, <> etc. Let's take a look at the chart.🧐 We can notice, that the price is forming a rising wedge (possibly a triangle), the exit from which is most often down. If you are interested in how to trade triangles and wedges, below I'll leave links to my tutorial posts. For those traders, who are waiting for a correction to buy, I marked the buy zone in green colour on the chart. The calculation was carried out using Fibbonacci levels, the link to the tutorial post will also be below. Tell me guys, how are you doing with Bitcoin trading? As for me, I try to trade every move in recent days. Probably want some variety ... or I just miss Forex 😆 Thanks for attention. Subscribe and stay with me forever! I love and appreciate everyone!🧡 Your Rocket Bomb🚀💣 EDU POSTS 👇🏻👇🏻👇🏻
COINBASE:BTCUSD
by RocketBomb
11
⭐ STAGES OF TRADER's FORMING ⭐Hello! Traders professional growth involves going through several stages. Let's talk more about them. 🔥1. Unconscious incompetence 💡 randomly opens and completes transactions without a specific trading system; 💡 doesn't care about risk management; 💡 often changes the direction of trade on the spot, following the price; 💡 keeps afloat only for small successful deals and doesn't care about losses at all; 💡 but as soon as loses, motivation immediately runs out. 🔥 2. Conscious incompetence 💡 Do you change your trading system several times in half a year without ever exploring a single one? 💡 You are actively looking at your trading history trying to figure out what you are doing wrong. 💡 Are you still making impulsive mistakes that cost a lot of money? 💡 Do you repeat the same trading mistakes again and again? 🔥3. The moment of "EURECA" 💡 No longer changes the system, but focuses on main and works with it. 💡 Begins to maintain a trading plan and a trading journal. 💡 The understanding comes, that trade is a daily routine. 💡 Understands, that in order to earn money, he needs to work on all the components of his system. 🔥 4. Conscious competence 💡 Understood the rules of the game and stopped losing money. 💡 Begins to make a steady profit. 🔥5. Unconscious competence That's a stage of mastery👊🏻. You follow your trading plan on autopilot.✈ Just one question will help you to verify have you reached the highest level or not: ❗do you feel stress, when you're trading ? If so, then you have not reached this stage.❗ Thank you for staying with me💋 Always sincere with You🧡 Your Rocket Bomb🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
29
Ripple : Buy on rumor, sell by news🔥Hello dear friends! Many of You asked my view on Ripple. In fact, I bought a ripple long ago and advised it to everyone the same several times! Let's take a look at three different Ripple time frames: Let's take a look at three different Ripple timelines: On the hourly chart, the price is finishing forming a symmetrical triangle - the exit from it will be as unpredictable as the ripple itself (hopefully up)! On the daily chart, I like the situation more, the price forms a descending channel (wedge) there, which means that the price has corrected and there is a chance for growth. And a trump card for dessert .... ahahah .. that's weekly chart and the MacD indicator - which shows that it is not time for long-term investors to sell Ripple))) you can breathe out calmly))) I think we'll see Growth again. But the question remains relevant ... when ??? ...))) I don't know, hopefully soon) What do you say, friends?I really wanna be useful to you, guys! I make every post with love and it brings me extraordinary pleasure!🙏🏻 Thank you for staying with me💋 Always sincere with You🧡 Your Rocket Bomb🚀💣
BITSTAMP:XRPUSD
by RocketBomb
27
Fibonacci Levels - Rocket Bomb's EDU post 🔥Hi guys, as I promised, this post is about Fibonacci Levels for YOU!🧡 Leonardo Fibonacci is a great mathematician who lived in the XI century. The scientist deduced a number of natural numbers, which later began to bear his name. Each number in the series was the sum of the two previous numbers: 1 + 1 = 2; 1 + 2 = 3; 2 + 3 = 5 etc. The result is a series of numbers: 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, etc. Fibonacci numbers have some properties: 📌Division of any number of the series into the subsequent tends to 0.618 (the golden ratio in ancient Greek and ancient Egyptian cultures); 📌dividing any number of the series by the next + 1 tends to 0.382; 📌dividing the subsequent number of the series by the previous one tends to 1.618; 📌division of the number of the series by the second number preceding it tends to 2.618. Fibonacci numbers are often used not only in technical analysis , but also in physics, astronomy and other disciplines.💪🏻 Fibonacci levels are a tool that sets horizontal support and resistance levels on the price chart based on price movement. It's important to understand, that Fibo levels work well when there is a trend in the market. How to determine Fibonacci levels? To determine Fibonacci levels, you need to find the recent significant high and low of the last price movement. When plotting levels for a downtrend, the first point should be at the maximum and the second at the minimum. For an uptrend, you need to do the opposite. Click on the low of the price swing and drag the cursor to the high. In this case, the construction of levels always occurs from left to right. How to trade by Fibonacci levels? The basic variant with an upward movement: we determined the minimum and maximum, set the levels, waited for a rollback, entered the market. The price continues to move - we drag the levels to a new maximum, wait for our rollback level, and enter the market. In a downward movement, we do the same, entering a movement on a pullback. The technical analysis usually uses the number 0.618 or 61.8%, 0.382 or 38.2%, as well as the psychological half (middle) of 50%. ✔ Very often, based on these coefficients in the technical analysis of the market, Fibonacci lines, Fibonacci levels and Fibonacci periods are built. Fibonacci lines are built relative to significant highs / lows and represent support or resistance lines, from which they make a purchase or sale. Fibonacci numbers - the magic of numbers that works in trading and in everyday life . 💥You can simply draw arbitrary horizontal lines on the chart, and ... oh that's mystic... they will also be worked out both in the past and in the future.💥 We can make some conclusions: 🔵Fibonacci tool draws support and resistance lines on the chart based on price movement; 🔵the Fibonacci tool is always applied on the price chart from left to right, both in the case of long positions in an uptrend, and in the case of short positions in a downtrend; 🔵the levels marked between the beginning and the end of the price movement are correction levels, they show which levels the price is likely to return to; 🔵the most common Fibonacci retracement levels are 38.2%, 50% and 61.8%, they are often used to enter the market; 🔵there are two ways to use correction levels to enter the market: aggressive (entry at each of the levels) and passive (waiting for the price to correct in the originally observed direction); 🔵It's important to note that Fibonacci levels are not a trading system, they are an additional tool that only suggests possible correction levels; it should be used only in combination with a trading system or as part of a trading system. I hope everything was clear for You, and You found this post as helpful🙏🏻 I really wanna be useful to you, guys! I make every post with love and it brings me extraordinary pleasure!🙏🏻 Thank you for staying with me💋 Always sincere with You🧡 Your Rocket Bomb🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
30
Bitcoin and Rocket Bomb's Advice 😊Hello friends! 🧡I'm glad, that the mood on the market is very optimistic and promising!🙏🏻 The pump was 25%. That's both wonderful for someone and sad at the same time. Because someone earns, and someone loses money. It has been and will always be so. I'm here for you to help, because everything, that's happening now was with me in 2017. It was a time of hope and great expectations. In every post, I leave a piece of my soul, because I try to minimize your losses. And I try to teach a little to those who want to learn! Thank you for your support and accompaniment! I love and appreciate you all very much. What are we going to do now? We're waiting for a correction of 18-20% and place buy orders! We look forward to a healthy correction for a good profit. This will take time, because the market cannot always grow, and the size of your profit will depend on how successful your buy is. All calculations on the chart were done using Fibonacci levels. This is a wonderful tool, every trader must be able to use it. If you are interested in learning more about it, I will post about it, just let me know) Thank you for staying with me💋 Always sincere with You🧡 Your Rocket Bomb🚀💣
BITSTAMP:BTCUSD
by RocketBomb
15
Wedges Pattern by Rocket Bomb 🚀💣Hello, my dear friends! As I promised, today we are talking about Wedges Patterns! Link on a good view👇🏻 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 support🥰 Your Rocket Bomb🚀💣 PS : 👇🏻👇🏻👇🏻Below I put links on my previous ideas 👇🏻👇🏻👇🏻
BITSTAMP:BTCUSDEducation
by RocketBomb
8
Motivation vs Engagement in trading!What are Motivation and Engagement in trading? 🧐 What are Motivation and Engagement in trading? Motivation is defined here as the energy, drive, interest, and inclination to learn and achieve goals. Engagement is defined here as the behaviours following from this energy, drive, interest, and inclination. Motivation and engagement are desirable ends in themselves (i.e., it is great to be motivated and engaged). Motivation and engagement are also a means to desirable ends such as achievement (i.e., motivation and engagement lead to great things). There are four areas of motivation and engagement, and 11 facets of motivation and engagement within these four areas. Positive Motivation • Self-belief. Self-belief is an essential feature of any successful trader. Belief and confidence in ability to meet challenges you face in the market, and to perform to the best of your ability . • Valuing. Valuing is the extent to which you believe what you learn is useful, relevant, meaningful and important. You can assess the importance of the deal in a given period of time. Assess risks and possible rewards. • Learning focus. Traders, who are learning focused are interested in learning, developing new skills, improving, understanding new things, — not just for rewards they become more successful. I ALWAYS DO ACCESS ON DEVELOPMENT !!!NEVER STOP DEVELOPING !! Positive Engagement • Persistence. Persistence is shown by traders when they keep trying to work out an answer or to understand a problem, even if that problem is difficult or challenging. • Planning (and monitoring). Planning refers to how traders plan assignments, deals. Monitoring refers to the strategies used to keep track of their progress. • Task management. Task management refers to how traders use their time, organise their timetable, and choose their potential deals. Negative Motivation • Anxiety. Anxiety has two parts: worrying and feeling nervous. Worrying is fear about not doing very well , miss an opportunity, losse money etc. Feeling nervous is the uneasy or sick feeling traders get when they think about or do their work. • Uncertain control. Traders have an uncertain or low sense of control when they are unsure how to do well or how to avoid doing poorly. • Failure avoidance (or fear of failure). Traders are traing to failure avoidant but the main task is to learn how to control risks in each deal. Negative Engagement • Self-sabotage. Traders self-sabotage when they do things that reduce their success at the market. Example: Be afraid to enter a deal too early and enter a deal too late. • Disengagement. Disengagement happen a trader after several losing trades. The main thing is not to give up, at such moments you need a support of more experienced traders who went through the same feelings. TO BECOME A SUCCESSFUL TRADER WITH FULLY ENOUGH POSITIVE MOTIVATION AND ENGAGEMENT !!!
BITSTAMP:BTCUSDEducation
by RocketBomb
4
Making money on Bitcoin🔥Hello, dear bottom catchers😉 It's difficult looking at the market correction. Waiting for a strong and prolonged correction is doubly difficult. Fears and concerns are very easy to understand, when we see today's prices 😱 Each of Us wants to catch the very bottom. With a high probability I can say, that's almost impossible! You can ask me <> I can answer You😉 1. Undervalued buy orders. Trader expects to see price too low and misses the opportunity to buy during the correction 2. The price hits the bottom too quickly and simply "flies" up. That's very typical of Bitcoin 3. Greed. That's a terrible vice. A trader, seeing, that the price goes down for a long time, constantly looks at the movement and tries to predict and grab the bottom, but that's impossible without experience. I can give You advice for protect Yourself! 💥 Split Your buy orders 🔥🔥 (that's part of my strategy). What does it mean? Using Fibbonache levels, find the "golden mean" of the retracement and set several buy orders in this zone. What will we get from it? 💥 1. We don't have to worry about missing the opportunity to buy at a discounted price. By splitting orders, we can average the average purchase price. 2. You don't have to sit at the computer all day and not spoil your nerves. Take a rest. And You'll forget about greed What do you say, friends? I really wanna be useful to you, guys! I make every post with love and it brings me extraordinary pleasure!🙏🏻 Thank you for staying with me💋 Always sincere with You🧡 Your Rocket Bomb🚀💣
BITSTAMP:BTCUSDLong
by RocketBomb
9
Holy Grail Trading System Hello, my lovely friends!!!💓 🔥Today I have something spesial for you today! 🔥 That's Holy Grail Trading System !!! By “Grail” in trading we mean a unique trading system, that can continuously generate profits. According to the legend of the Holy Grail, those who drink from this cup receive immortality. The idea of ​​this scheme is simple. Only by applying of those three conditions You'll become possible to significantly increase capital💰 🧐Let's go briefly through all elements. The first element, trend trading, I think, doesn't need unnecessary comments. Trending strategies for a trader are the best way to make money. But why is this element alone not enough? Even if a trader has an ideal trend trading system, in the absence of a trend, he will lose money. The trader should be where there is volatility, because volatility = profit. The ship in full calm stands still, no matter what sails he had. There is an element of luck. Yes, there is place for external circumstances on the market - there is nothing to be done with it. Not everything is controlled by the trader. It's especially important for risk-averse traders to learn not to get into the market during periods of low volatility . At the last stage, trader need to find balance between the desire to squeeze as much as possible out of the market and the ability to calmly, without nerves, sit out corrections. When the market turns against the position, the trader still doesn't know whether that's a correction or a trend reversal. While sits in position and makes a decision, this movement eats up part of the floating profit or creates a loss. If the trend doesn't resume, a late trader has to close a losing position. The risk should be approximately, that trader can make such a mistake a sufficient number of times and still be afloat💪🏻 Guys, I try very hard for you💓, I carefully select the material, I want to express my thoughts as clearly as possible! 💋I like to teach, I get special pleasure of it !!! Support my enthusiasm with like! Write in the comments : It was clear for you of not? Maybe you have any questions! I'm glad of your feedback !!! Always Yours Rocket Bomb🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
22
HBAR/BTC🔥Hello dear friends!💋 While Bitcoin has been sideways for several days, altcoins are giving just excellent results.🔥🔥🔥 I would like to pay your attention to some of the cryptocurrencies that have been forming a falling wedge for several months. Because the two levels are not parallel it’s considered a terminal pattern. This implies that it must eventually come to an end. MY ADVICE to You , my dear💋 The price may not fall so low, that's why I always recommend splitting buy orders!!!Buy little now for don't miss entry point.If it goes lower, then you average the buying price - it will be great anyway! Tell me, do you trade ALTCOINS / BITCOINS? how are your results? I try to be useful to You🧡 Always sincerely with You😊 Your Rocket Bomb🚀💣
Long
by RocketBomb
9
Discipline or 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. Motivation 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🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
6
BITCOIN on weekly chart and TIPS for Your TS!🔥Hello, friends!😘 I hope you are doing great and we can talk about <> Any successful trader was once a beginner, so don't be afraid to make mistakes. It's ok!😉 Successful trading directly depends on your ... !!!! ONLY YOUR !!! TRADING SYSTEM !!! You should try Everything: patterns, all possible indicators, rumors, news, etc.... What will be great works for you is your PERSONAL TRADING SYSTEM! The main thing is - it must be profitable. What works perfectly for YOU may not necessarily work for everyone else, because we're all different and see the same things in different ways.😏 DO NOT be afraid to try and make mistakes, that's much better than regretting not trying !!! The main thing is not to risk a large amount of capital while you are studying! and forget about the quick money in the market.It's not here! Losing money quickly, yes - it's possible!🤦🏻‍♀️ Stay safe, always continue develop, be tolerant to other's traders work 🙏🏻 Thank you for staying with me💋 I try to be useful to You🧡 Always sincerely with You😊 Your Rocket Bomb🚀💣
BITSTAMP:BTCUSDLong
by RocketBomb
8
Choose YOUR own CORRECT way 🙏🏻My dear - dear Friends, probably one of the biggest reasons, newbies come to the crypto market is quick and easy profits. Indeed, the Internet are full of different advertisements, that making money can be easy and effortless on the Crypto market, but that's not true. Now I'm ashamed to admit, but ones, I came here for the same reason.🤦🏻‍♀️ And like many newbies, I made many mistakes. Any person, who wants walking trader's journey has initially two roads - (on the picture I marked them as "correct" and "wrong"). That's my subjective vision, which I demonstrate you after passing the difficult path of my own. WRONG WAY: ◽ Waiting for quick money. ◽ Changing the trading system after each loss. ◽ Using different approaches without understanding them. ◽ Looking for a trading guru, who promises a big income in the shortest time. CORRECT WAY: ◽ Realize that's ok to loss money, but need try to control risks and analyze our own mistakes. ◽ Desire to develop Yourself . Create your own trading system and improve it. ◽ Carefully study the main approaches, analyze what works best for you. ◽ Find someone, who will point out Your mistakes, can help with advice, but wouldn't do all work for you. Having gone the wrong way, I decided to go back and start from the very beginning. And I'm not going to stop!Only forward! I really hope my post helps newbies. It's impossible to avoid all mistakes, everyone has their own path. But how comfort it will be, that's all depends on you! But we Ukrainians say: "Forewarned is forearmed!" I wish You patience, strength, perseverance and a huge desire to conquer the market, because every minute it is filled with different opportunities. But without knowledge it will be very difficult to "catch" these opportunities! Stay safe and optimistic🙏🏻 I try to be useful to You🧡 Always sincerely with You😊 Your Rocket Bomb🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
21
MA on BTC 🚀💣How to use moving averages!!! A moving average is used to help us forecast future prices and help us identify a trend. By looking at the slope of the moving average, we can better determine the potential direction of market prices 📈⁣ There are two types of moving averages✌🏼⁣ 🔵Simple MA⁣ 🔴Exponential MA⁣ With the use of SMAs we can identify if a pair is trending up, trending down or ranging. The one problem with SMAs is that they are susceptible to spikes. Signals can be false.⁣ EMA’s let’s traders know what is happening in more recent price action.⁣ Disadvanrege of using EMAs is that consolidation periods can present fakeouts The best use MAs in conjunction to eachother. Wait for crosses and use the MAs as a confirmation before enter into deal GOOD LUCK🧡⁣
BITSTAMP:BTCUSDEducation
by RocketBomb
12