#Educational
Some things in Crypto Trading You should do
✅ Hold your gainers & Cut your losers
✅ Be updated ( Current Affairs )
✅ Trading Process
✅ Win size > Win Rate
✅ Read Books
✅ Have patience
✅ Keep your trading life private
✅ Accept SL emotionally
✅ Bless your Losses
✅ Belief
Some things in Crypto Trading You should do
✅ Hold your gainers & Cut your losers
✅ Be updated ( Current Affairs )
✅ Trading Process
✅ Win size > Win Rate
✅ Read Books
✅ Have patience
✅ Keep your trading life private
✅ Accept SL emotionally
✅ Bless your Losses
✅ Belief
#BLZ is located in an ascending channel, but it has not yet reached its ceiling, due to the dynamic support it has, we have determined 2 movement paths for it. Keeping the support will lead to continued growth and the failure of the support will lead to the price falling to the bottom of the channel.
#Uniswap has announced buyers can purchase NFTs on Uniswap with any ERC20 token.
#RVN
On the daily time frame, there is a bearish channel, the price has now reached the ceiling of the channel, but due to the strong movement it has had, it can easily break out of the channel and grow to the resistance of $0.041-0.043 . .
On the daily time frame, there is a bearish channel, the price has now reached the ceiling of the channel, but due to the strong movement it has had, it can easily break out of the channel and grow to the resistance of $0.041-0.043 . .
#Educational
Breakout & Retest Strategy
Breakouts occur in all types of market environments. Typically, the most explosive price movements are a result of channel breakouts and price pattern breakouts such as triangles, flags, or head and shoulders patterns. As volatility contracts during these time frames, it will typically expand after prices move beyond the identified ranges.
Regardless of the timeframe, breakout trading is a great strategy. You can apply this strategy to day trading, swing trading, or any style of trading.
Retests can occur on a variety of price action patterns. In fact it’s important to always wait for a retest of the broken level. This involves waiting for the retest as well as confirming price action before putting any capital at risk.
Breakout & Retest Strategy
Breakouts occur in all types of market environments. Typically, the most explosive price movements are a result of channel breakouts and price pattern breakouts such as triangles, flags, or head and shoulders patterns. As volatility contracts during these time frames, it will typically expand after prices move beyond the identified ranges.
Regardless of the timeframe, breakout trading is a great strategy. You can apply this strategy to day trading, swing trading, or any style of trading.
Retests can occur on a variety of price action patterns. In fact it’s important to always wait for a retest of the broken level. This involves waiting for the retest as well as confirming price action before putting any capital at risk.
#Binance accidentally closed All Futures positions in Australia 🇦🇺 region.
🇺🇸 Montana Senate passes bill to protect Bitcoin and #crypto mining rights.
After reaching the ceiling of the ascending channel, the price of #Polkadot could not cross it and started to decline. If the price cannot break the dynamic resistance, the price will probably continue to fall until it reaches the support of $6.0-6.2 and the bottom of the channel.
#Educational
Rising Wedge
This usually occurs when the price has been rising over time, but it can also occur in the midst of a downward trend as well.
The trend lines drawn above and below the price chart pattern can converge to help a trader or analyst anticipate a breakout reversal. While price can be out of either trend line, wedge patterns have a tendency to break in the opposite direction from the trend lines.
Traders can make bearish trades after the breakout by selling the short or using derivatives such as futures or options .
Rising Wedge
This usually occurs when the price has been rising over time, but it can also occur in the midst of a downward trend as well.
The trend lines drawn above and below the price chart pattern can converge to help a trader or analyst anticipate a breakout reversal. While price can be out of either trend line, wedge patterns have a tendency to break in the opposite direction from the trend lines.
Traders can make bearish trades after the breakout by selling the short or using derivatives such as futures or options .
#Ethereum again failed to break through the main resistance of $1,720-1,660. There is support at the $1,550 price area and the price can bounce back from that area.
#MANA is moving between support and resistance. We are considering 2 paths for it.
1st. It will reach support and then it will grow again to resistance.
2nd. Now go up to the resistance from this area.
1st. It will reach support and then it will grow again to resistance.
2nd. Now go up to the resistance from this area.
❤1
#Solana network’s transaction processing is down badly after the ‘Forking Event’
#SAND has important support in the price area of 0.642-0.668 dollars. If the price can break the dynamic resistance, the price targets are the specified resistances.
#MBOX has broken the downward channel, if the upward trend of the market continues, this currency can grow well and continue to grow up to the price of $0.860.
#Educational
Falling Wedge
When the price has been falling over time , a wedge pattern can occur just as the trend makes its final downward move. The trend lines drawn above the highs and below the lows on the price chart pattern can converge as the price slide loses momentum and buyers step in to slow the rate of decline. Before the lines converge, the price may breakout above the upper trend line.
When the price breaks the upper trend line, it is expected that the trend will change and go up.
Traders who identify bullish reversal signals will want to look for trades that will benefit from price increases.
Falling Wedge
When the price has been falling over time , a wedge pattern can occur just as the trend makes its final downward move. The trend lines drawn above the highs and below the lows on the price chart pattern can converge as the price slide loses momentum and buyers step in to slow the rate of decline. Before the lines converge, the price may breakout above the upper trend line.
When the price breaks the upper trend line, it is expected that the trend will change and go up.
Traders who identify bullish reversal signals will want to look for trades that will benefit from price increases.