Risk what you can afford, the cryptomarket may surprize you.
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still waiting like a vulture!
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Remember your stop losses.
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Lets see how accurate is this one :P
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or this one
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I hate the institutional traders!
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Breakout?
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if so waite for the retest to enter... might be a fake out :D
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failed,
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I give up working with 1 min timeframe, just did it for fun... Acording to the theory it should retrace to e (the blue line) before a breakout, however, if its a breakout it will retest its previous resistance like a support. Thats where you want to get in when you trade a breakout.
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BREAKOUT! CONFIRM...
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Breakout without hitting the E, what a BS... but whatever...
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Resting now.
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position initiated with 240.93 bitfinext stop 238
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looks strong
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1st gann hit
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Should retrace to 141.98 ish area before wave 3.
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then wave 3 to 158? or 153.... we will where the gann lands
Newbie here, I keep seeing some indicators im not familiar with in your charts, so i would like to ask you to explain some of them briefly if you may
And thank you for your work! definitely following!
UnknownUnicorn1020621
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@Nullv, I use OBV instead of MACD most of the time, OBV is On Balance Volume, give you insight on accumulation and distribution. Divergence in obv is really reliable to see trend break and predict the next move. RSI just give you info on oversold and overbought conditions, if something is oversold, it is likely to go up, if its overbought, likely to fall. Another RSI Lag.Rsi, I use it as a faster version of RSI. When I combine RSI with OBV I get a clear indication most of the time and I decide my move based on the Gann angle prediction, combined with FIB level.
I also use AIO or Ichimoku cloud, you can google the explanation on them. basically, I use them for active trading as I don't have to do manual analysis all the time to see support and resistance. I don't like Bollinger bands, however its a good indicator to look for breakouts.
VWMA is my custom indicator to analyze if a stock is overextended... Its based on same concept as MA but I feel its more accurate when I combine with OBV. There is another RSI MA, which I use to see if the stock is uptrending or down trending....
IF you are a newbie, I would not get into the indicators. I would start with a simple lines to find support and resistance, 50 and 200 MA to look for trend , maybe RSI to place my trades, and fib to place targets.
Nullv
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@Avasreader, I'm definitely googling every single one you've mentioned, and thanks a lot for everything!
spidergoat
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If there are better charts on this site, I haven't seen them...
And thank you for your work! definitely following!