BTCUSD 15 minute Chart Patterns - Possible Use demonstrationI think when I can explain how i use this chart i will understand it so much better. In this demonstration i am just imaging different paths and roughly where i could imagine making moves. If it hits a buy area becuse it is bouncing off a trend line and the volume. This is what every trader does, in their own way. I originally looked at many methods, all i could find, in books and online, they often all track the same point or area. So i figured my own method was as good as any, as lon as it worked for me.
To have value now the price of crypto has to have potential gain in value or it will be loosing value. It changes constantly , especially, with manipulation, and we all make money off of buying and selling or we hope to make money by buying and holding or we do both. I do both. I bought my kiddo long term bitcoin. It could set her up or it could buy, hopefully, a first car.
No one can really predict a price because price does not exist. Just movement.
Which is every news story that is related, every celebrity endorsement every major company or player endorsement and if this makes any of them a profit they will increase its value with the rest f it wanting to hold crypto based on potential gain. Its value is in creating value. Which is a given. The fuel is the believers. Which is the telling.I don't think there is a way to know.
Tomorrow they could shut it all down or say they embrace it and every body goes ape$%^t. Then you redo your charts and see what stands out as new psychological areas of gain and loss and game. This is the plan i see right now, but only one, of many possibilities.
Though the chances of this being right is like .00000001 it would be super cool if its close. Either way i keep playing and learning for thee action the rewards lets me do it. And doing it makes the value tangible and enjoyable as the idea of spending crypto make no sense as its a fluctuating value that i'm investing in because i want it to to up. This is just my approach to explaining this approach. Why not. So take it as thinking out loud and feel free to agree or disagree. Im an artist and i trade to pay the bills. These spots i'm choosing are spots where I think it could easily bounce around and areas i could buy or sell. In these areas this is how i would be thinking of game value. But i will update and change my plan constantly. I like the idea that this chart will be locked in a moment in time and that some could be close. The market looks volatile and exiting.
The excitement of how much can you make today.
"Hey i paid for my groceries."Whoop! Whoop! is usually what i am thinking. "Hey that just paid for my kids college" is what id like to be thinking. Or even hey my kids makes a living in the crypto sector of gaming and virtual reality. I also created some art and ideas along the way.Longterm value requires much less action. So i like to use this approach in the now of the market , in the long of the market i use everything in the world i can consume and enjoy doing so i use it in teaching my child the world they are headed towards.
In the end i just make a buy or sell decision at a price point in moment in time in a positive to negative, negative to positive motion based on that same moment in the world. Like every other trader. Even the algorithms. This becomes important in belief. I have had stocks in companies that I thought were geniuses and were going to change the world and they completely went under. Thats how the money roll. buy, sell buy, sell, buy, sell. But i like crypto much better than stocks. Just as a whole. I am concerned the stock market will vanish before it merges into crypto. Probably cheaper for them to crash than to just swap our stocks for coin.
Charting
MANA / USD 1 hour chart patterns - minimalI have been using this method for almost a decade. I have recently started listing them here for the play function. This is not an offer of anything other than patterns i use to feel the market. I think i am hitting on a similar array used by algorithms and AI. Time will be a part of this so the play function becomes an important aspect of set paths.
Simple BUT Not EasyReading charts and understanding the "Language" of the market is very simple but at times due to high involvement of our emotions we make it very hard.
Any market or chart that you see will be in a phase all you have to do is identify it on a higher time frame.
Lower Lows & Lowers Highs is a definition of a down trend.
Higher Highs & Higher Lows is a definition of a up trend.
If you can see the above both happening then market is ranging.
If you are having a short bias on a particular instrument always look for a shorting opportunities in a lower time frame after confirming the phase of the market in a higher time frame.
Always wait for a confirmed trend don't try and jump in too early.
Let market decide the direction, don't force your self.
Risk Management is very important, Plan your trade with a proper risk that you can manage.
Trading is a marathon, if you try to sprint you will fall down and injure yourself.
Slow & steady wins the game :)
Thanks
Bubble popping?I am not saying this will happen, personally sitting in 80% cash besides a few stocks that I still see upside in the next couple months, but could you imagine the pain if this played out. bearish divergence on the monthly Fed turned hawkish. Before you say it couldn't, the 2008 financial crash was 53%. 2000 dot com bubble 60%. Will tech pop this time? or will govts find another way to keep the market going?
Charting Bitcoin: Do you see this similarity from the past?As you can see on the chart, Bitcoin is moving in a very similar way as it did in March-April 2021 period. It seems we are at the point marked ot the graph with a red arrow. So, if history repeats itself, we have less than two weeks before a major BTC crash. With negative FA news about Omicron, this can happen much before.
Let's see what the future brings.
Please, share your opinion.
Grinding your way to Day Trading profitsHey all!
We hope your trading day has been successful in either learning or earning!
This quick daily primer video explains a little the way we trade, bascially being reactive to the charts!
Too tired to type more right now, but hope this video helps you learn something new!
Fantom FTMUSD Charting on the fly. Learn with me. Target $4.00! In this video:
* I chart on the fly with you all so that you can see how I do what I do
* I chart trendlines, levels, fibonacci, and bullish divergence on the 4 hr.
* We can see a longer term swing trade target of $4.00
Best of luck traders!
Could ETH be trading in a Channel? Eth looks like it's trading at the top of a wide, upward sloping, channel. The 20, 50, and 200 day moving average are all spaced apart and pointing upward confirming the uptrend, but the bearish divergence in the MACD is concerning. It's going to be interesting to see if price breaks above the tend-line into higher highs, or if it returns to the support trend line at the bottom of the channel. Only time will tell.
Less Indicators Make Better TradesIf you have a professional looking chart with plenty of fancy indicators, and yet nothing is making sense, you reached Analysis Paralysis; the rabbit hole that sucks everyone in by the gravity that every Indicator is important. In essence, they all are. The remedy to the mental confusion is to find the few that give you the best visual quality to make trading simpler. Strip the Charts back to its basics using only a handful of indicators.
The $ETH chart provided uses MACD, RSI, Volume, and Script. The combination provides clear visualization of momentum, support & resistance zones and liquidity; key factors Traders need to create a trading strategy.
Majority of profitable Traders advocate the adage "Less is more!" I found this to be true in my experience.