I know a few people have been DCA'ing from the top. I just want to show the importance of learning markets, reading charts and and how important market structure is. So, just say you have been buying the dip at every dip... With the chart below, investing the same every dip, your average entry would be $42.100 Now, if you learn about markets and market...
Following on from my support and resistance chart. Sometimes it can be tricky to find the perfect Support and Resistance lines, so we can use zones. With zones we look left for confirmation, where price has hit this level before, either with candles and or wicks. A support zone is an area where price has come down to and has respected at least 3 times, same...
Support and Resistance is one of the most common tools when trading. Learning where support and resistance is situated on a chart is the first step to your investing/trading strategy. Knowing this basic skill can determine whether you buy/long or sell/short or help in your further analysis. A support level is an area where price has come down to and has...
How many times do we need to hit support to break through. Last 4 moves down have hit the 618 perfectly and one to the 786. She is currently getting squeezed into a corner which I think will break down to the next demand zone/support zone at around 38k. Following market structure the trend is down until new HH's and HL's. I'm currently looking for entries to...