💡 Trading Tips 💡
Together with charts we provide hints for buy zones, targets and stop loss order, which are mostly based on Support and Resistance (SR) lines. If you are not familiar with concept of SR, please read help guide below.
🛒 Buy zone 453 - 462
Buy zone is an area with maximum probability for price bounce - it means that support in this area has the most density of buyers and sellers that will activate the market. Note that we talk about area/zone, not SR line, as there is no precise number or line in nature. These zones comes from phycology of trader’s behavior, thus varies in range, and depend on market situation.
Technical analysis is the science of predicting not future, but probabilities of certain future to happen 😉 remember that. Future is never certain until it becomes past.
🎯 Targets 490 - 504 - 510
Targets are zones where price has most probability to bounce because resistance "lives" there. I give precise number taken from Support/resistance lines, but you should remember that these are zones as well. So don't put your orders exactly at this numbers, feel free to set orders lower or risk a little and set higher. Sometimes less is better than seeing price swing back several satoshi away from your sell order.
💩 Stop loss below 445
That is the hardest part. There is no perfect rule for setting Stop loss. Especially in crypto with its crazy volatility. Don't be too greedy here also, as Whales do hunt stop losses before launching uptrending waves, so setting it too close may cost double loss, both in actual money and missed potential profit. On the other hand setting it too far does not guarantee the same result. Wicks can be very long. One of possible solutions to avoid wick traps is setting timeouts, but this can play a bad joke on you if BTC dump and drawn the whole market fast and deep.
I give approximate level under which setting you Stop Loss is recommended. Feel free to set it as low or as close as you wish. While online, better monitor trades yourself. But in case of Bitcoin dumps SL may save a fortune.
Good luck with your trades 👍
@CryptoTrades #Instructions #TradingTips
Together with charts we provide hints for buy zones, targets and stop loss order, which are mostly based on Support and Resistance (SR) lines. If you are not familiar with concept of SR, please read help guide below.
🛒 Buy zone 453 - 462
Buy zone is an area with maximum probability for price bounce - it means that support in this area has the most density of buyers and sellers that will activate the market. Note that we talk about area/zone, not SR line, as there is no precise number or line in nature. These zones comes from phycology of trader’s behavior, thus varies in range, and depend on market situation.
Technical analysis is the science of predicting not future, but probabilities of certain future to happen 😉 remember that. Future is never certain until it becomes past.
🎯 Targets 490 - 504 - 510
Targets are zones where price has most probability to bounce because resistance "lives" there. I give precise number taken from Support/resistance lines, but you should remember that these are zones as well. So don't put your orders exactly at this numbers, feel free to set orders lower or risk a little and set higher. Sometimes less is better than seeing price swing back several satoshi away from your sell order.
💩 Stop loss below 445
That is the hardest part. There is no perfect rule for setting Stop loss. Especially in crypto with its crazy volatility. Don't be too greedy here also, as Whales do hunt stop losses before launching uptrending waves, so setting it too close may cost double loss, both in actual money and missed potential profit. On the other hand setting it too far does not guarantee the same result. Wicks can be very long. One of possible solutions to avoid wick traps is setting timeouts, but this can play a bad joke on you if BTC dump and drawn the whole market fast and deep.
I give approximate level under which setting you Stop Loss is recommended. Feel free to set it as low or as close as you wish. While online, better monitor trades yourself. But in case of Bitcoin dumps SL may save a fortune.
Good luck with your trades 👍
@CryptoTrades #Instructions #TradingTips
Forwarded from Crypto Trades
💡 Trading Tips 💡
Together with charts we provide hints for buy zones, targets and stop loss order, which are mostly based on Support and Resistance (SR) lines. If you are not familiar with concept of SR, please read help guide below.
🛒 Buy zone 453 - 462
Buy zone is an area with maximum probability for price bounce - it means that support in this area has the most density of buyers and sellers that will activate the market. Note that we talk about area/zone, not SR line, as there is no precise number or line in nature. These zones comes from phycology of trader’s behavior, thus varies in range, and depend on market situation.
Technical analysis is the science of predicting not future, but probabilities of certain future to happen 😉 remember that. Future is never certain until it becomes past.
🎯 Targets 490 - 504 - 510
Targets are zones where price has most probability to bounce because resistance "lives" there. I give precise number taken from Support/resistance lines, but you should remember that these are zones as well. So don't put your orders exactly at this numbers, feel free to set orders lower or risk a little and set higher. Sometimes less is better than seeing price swing back several satoshi away from your sell order.
💩 Stop loss below 445
That is the hardest part. There is no perfect rule for setting Stop loss. Especially in crypto with its crazy volatility. Don't be too greedy here also, as Whales do hunt stop losses before launching uptrending waves, so setting it too close may cost double loss, both in actual money and missed potential profit. On the other hand setting it too far does not guarantee the same result. Wicks can be very long. One of possible solutions to avoid wick traps is setting timeouts, but this can play a bad joke on you if BTC dump and drawn the whole market fast and deep.
I give approximate level under which setting you Stop Loss is recommended. Feel free to set it as low or as close as you wish. While online, better monitor trades yourself. But in case of Bitcoin dumps SL may save a fortune.
Good luck with your trades 👍
@CryptoTrades #Instructions #TradingTips
Together with charts we provide hints for buy zones, targets and stop loss order, which are mostly based on Support and Resistance (SR) lines. If you are not familiar with concept of SR, please read help guide below.
🛒 Buy zone 453 - 462
Buy zone is an area with maximum probability for price bounce - it means that support in this area has the most density of buyers and sellers that will activate the market. Note that we talk about area/zone, not SR line, as there is no precise number or line in nature. These zones comes from phycology of trader’s behavior, thus varies in range, and depend on market situation.
Technical analysis is the science of predicting not future, but probabilities of certain future to happen 😉 remember that. Future is never certain until it becomes past.
🎯 Targets 490 - 504 - 510
Targets are zones where price has most probability to bounce because resistance "lives" there. I give precise number taken from Support/resistance lines, but you should remember that these are zones as well. So don't put your orders exactly at this numbers, feel free to set orders lower or risk a little and set higher. Sometimes less is better than seeing price swing back several satoshi away from your sell order.
💩 Stop loss below 445
That is the hardest part. There is no perfect rule for setting Stop loss. Especially in crypto with its crazy volatility. Don't be too greedy here also, as Whales do hunt stop losses before launching uptrending waves, so setting it too close may cost double loss, both in actual money and missed potential profit. On the other hand setting it too far does not guarantee the same result. Wicks can be very long. One of possible solutions to avoid wick traps is setting timeouts, but this can play a bad joke on you if BTC dump and drawn the whole market fast and deep.
I give approximate level under which setting you Stop Loss is recommended. Feel free to set it as low or as close as you wish. While online, better monitor trades yourself. But in case of Bitcoin dumps SL may save a fortune.
Good luck with your trades 👍
@CryptoTrades #Instructions #TradingTips
Here’s a few tips from the wealthiest traders on the planet to have ever lived!
You know what they say, you learn from those who you would happily switch places with, I think this is solid advice!
@CryptoTrades #education #tradingtips
You know what they say, you learn from those who you would happily switch places with, I think this is solid advice!
@CryptoTrades #education #tradingtips