Being a trader means experiencing loss and being wrong. These two experiences will be inevitable no matter how smart we are or how great our analysis is. Nothing in the market will prevent us from experiencing loss. The market is just too random and erratic to be predicted and there are too many variables to consider for any trader to be always right. What...
TREND Strong uptrend as indicated higher high and higher low with two gaps: Breakaway gap and Common gap Price action Just breakout from the 2nd Darvas box Volume Bullish volume are consistently above MA while bearish volume Indicator Keltner Channel is used as an indicator where this indicator confirms that the uptrend is strong. This is indicated by...
Picture on the left shows that a product costs $290. While on the right side, the cost of the product is the same but it is stated that the original price is 400. Thus you got yourself a bargain. Showing picture on the right has the chance of making people think that the product is actually cheap. Because you only pay $290 for a product that’s worth $400 This...
Divergence is when price of an asset moving in the opposite direction of the indicator Oscillator indicators such as RSI, MACD or stochastic give their best signal when they diverge from the price. Bullish divergence occurs when price makes new lows but Oscillators refuse to make new lows which sometimes implies that the downtrend is about to end. Bearish...
THETAUSDT is making an ascending triangle. This triangle is said to be a triangle with the highest possibility of upside breakout It is because in this pattern, the upper boundary(resistance) is flat while the lower boundary (support) is rising The flat upper boundary signifies that bulls maintain their strength. The rising lower boundary implies that bears...