patience is key when trading ++++

to be consistently profitable you need to have patience and keep a lookout for PRICE ACTION which is very very important!!! only then can you make trades and analysis like that because you understand how the market is moving currently at any point in time

#tips

couldnt close above my resistance line as charted and identified from previous price data

same line here

closing my BTC long here as I have enough profits for myself already

please do still hold if you want

higher tf view for you guys (4h tf)

we can see that BTC is breaking out of the triangle with the most recent close

it might be a fakeout so let's wait for the retest before entering

#analysis

sometimes when price goes ABOVE a resistance trendline,

it signifies to retail investors and traders that the coin is OVERBOUGHT and what happens is that price will come back down into the trendline

this happens especially often on higher tf

#learn

just want to bring us back to the demand zone lesson for awhile

as mentioned previously,

demand zone is a zone where price will come in and bounce off

looking back on the same area i shared yesterday, notice the 2 circles i highlighted

price came in and almost immediately bounced off as it is an area of high demand

so a long/buy in the demand zone is usually a good trade!

of course, depending on market circumstances

#learn

this example is quite decent

this is eth on a 4h tf

eth has been trading in a channel for awhile and when it broke down from the channel, it signified eth being oversold and went back into the channel

#learn

reference ^

this is eth on 15m tf,

back to trading in the channel!

so here we can see it was a fakeout

one more example on BNB 15m tf

overbought and went back in

no trades for me now as btc is moving sideways

will just be waiting for opportunities to enter

if you managed to pick up some profits or knowledge from this channel,

do help to share the channel so that I'll be able to reach out to more people! 🙂

https://news.1rj.ru/str/cryptomumbles

btc on a 15m chart

i'm sure we all know that btc is in an uptrend now

notice the red circled area

that was actually a RETRACEMENT

but the fact that the retracement wasn't steep, shows that this is actually a STRONG uptrend

#learn

i would like to test the strength of btc's support,

stop market long at 35350

risky trade here

price was touched but not triggered as it was too quick

it's a pity to have missed the bounce scalp oh well

support looks good for now on this candle

cancelling my open order

placed bnb stop market long at 303

btc 15m tf

good sign - doji to dragonfly doji

sellers are trying to push the price down but buyers are fighting back all the way up the candlestick

ENJ bounced nicely off support, picked some up at cmp!

SL - 1.1637

#trades W

as shown