once again in trading it's incredibly important to be patient +++
when i first started i entered impulsively with horrible entries making me lose a lot of money
i'm sure some of yall can relate to that as well 😭😭
when i first started i entered impulsively with horrible entries making me lose a lot of money
i'm sure some of yall can relate to that as well 😭😭
Crypto Mumbles
the area of green box is what i would refer to as the DEMAND zone from previous price data, this is the area where btc always bounces off from be it uptrend or downtrend #learn
to add on to this point,
if you see a candle CLOSE BELOW demand zone, there's a high possibility that the market will continue downwards because the demand zone has failed as supply overcame demand
so that's where SLs usually are :-)
#learn
if you see a candle CLOSE BELOW demand zone, there's a high possibility that the market will continue downwards because the demand zone has failed as supply overcame demand
so that's where SLs usually are :-)
#learn
Crypto Mumbles
to add on to this point, if you see a candle CLOSE BELOW demand zone, there's a high possibility that the market will continue downwards because the demand zone has failed as supply overcame demand so that's where SLs usually are :-) #learn
while waiting for movement or trades, try identifying demand zones as practice! 👍🏼
btc couldnt close a HH, it'll probably be coming down soon,
now we have to identify if btc can close a HL
if a LL is printed, then btc will be sideways moving or going back down
now we have to identify if btc can close a HL
if a LL is printed, then btc will be sideways moving or going back down
Crypto Mumbles
taking a 1% cmp long on CHR as well #trades BE
closed chr at break even no movement at all
Crypto Mumbles
unexpected
bearish divergence as market structure unable to continue here
Crypto Mumbles
taking a 0.5% margin long here my stop market order is still there #trades BE
i’ll be averaging down to close break even here, won’t be holding my long position for too long
divergence recap ^
price made a HH on btc, but RSI made a LH
aka trend reversal
price made a HH on btc, but RSI made a LH
aka trend reversal
will check back w the market later when things are hopefully clearer
no trades no open orders now
no trades no open orders now
Crypto Mumbles
unexpected
it’s becoming more and more of an ascending triangle
Crypto Mumbles
let’s see how it plays out still very cautious of the divergence #calls
this still needs more touches to be valid