vumaikhanh1991

vumaikhanh1991

A valid corrective wave occurs when: - ABCDE - ABC (A > C) Using RSI 5 to count and filter noise: A wave is considered corrective when a reversal candle appears, and the next candle moves in the opposite direction or shows little movement. If the following candle continues in the previous direction and breaks the prior high/low immediately, it is still considered...

vumaikhanh1991

1. Confirmation Bias: People pay close attention to information that confirms their beliefs and ignores information that contradicts it. How to avoid: While preparing to execute the order, we try to find support reasons for the opposite direction. The second consideration can not be too careful. 2. The illusion of Control: The illusion of control is the tendency...

vumaikhanh1991

I expect the price goes down the support level, the selling force to be absorbed, and BTC to go up. However, it should not place the limit order in the support level because the price falls from the resistance zone. The price could absolutely come through the support zone or sweep the Stop-loss point. For safe, the wait for buying signals (candlestick models,...