CRYPTO SECRETS ONLY A FEW KNOW ABOUT AND THEY'RE MAKING PROFIT!
THIS may be the first time when someone will post CRYPTO market information without any filter! You'd learn a lot here (for sure).
CRYPTO SECRETS ONLY A FEW KNOW ABOUT AND THEY'RE MAKING PROFIT! Formulating possible candlestick formation before they form is essential to better understanding of the price action of a token. This provides a chance for a trader to further prepare for the possible scenario that can occur. In this way, a trader can have greater positions within the market. First step to doing the candlestick formation reading is, identify the key levels where most of the candlesticks cluster whether they are close to their support or the resistance. Next, understand the reason for this cluster formation as it's crucial to the anticipation of the candlesticks. Most reason for the formation are due to the demand increasing or supplies being loaded. Thus, once the candlesticks in every timeframe is formed for the day, you can identify the high and low price. Most of the candlesticks' formation in minutes or hours timeframe can have 2-3 bearish candlesticks and more bullish candlesticks if they're close to their support and vice versa if they're close to their resistance. As the candlesticks close, you can then formulate that since the bullish candlesticks has been consecutively formed, you can expect bearish candlestick/s to form in order to take the imbalances of the highs and lows of the daily trading range. This is just an example and you can keep on reviewing other candlestick formations within the same timeframe or varying timeframes.
There's this one secret that everyone needs to know in order to fully understand the market, may it be the phase, sentiments and other factors.
Only a handful knows this secret, most of the whales wait for the formation of altcoins to be fully realized before creating another big movement for BTC. I'll give you an example. Token A and Token B are currently moving downwards with a confirmation of an inverse head and shoulders pattern. Meanwhile Token C and D are currently in their unconfirmed inverse head and shoulders pattern with the left shoulder and head being created while the right shoulder is still on its way. Knowing this, whales will continue to patiently observe and await while the trading price for BTC is ranging, may it be hourly, daily or any timeframe. After Token C and D's inverse head and shoulders pattern has been formed, whales will then process a position in BTC with the intention of making a large move for it. In this example, it would be a long position for a rally to happen as the altcoins have formed inverse head and shoulders pattern. Other scenario also exists, if you have noticed this, you can also comment your experience. These posts are for educational purposes. To guide the people who might still be struggling within the crypto market, those who are new to the environment and volatility and everyone else who needs it. Stay wise, trade cautiously. #GAINERSPACK #TRADEANDEDUCATE #EARNINGDAILY
YOUR TRADING CAREER MAY BE SAVED TODAY BY THIS RULE OF THUMB!
This is the one rule of thumb if you're new to the bitcoin market. Let's talk about this.
Many traders fall victim to the fallacy that no one else will consider buying cheap and selling high on a daily basis. As a result, the majority would trade hourly or minutely. This is neither a horrible notion, nor is it incorrect. However, overtrading is one of the things that might go wrong with these kinds of setups. Trading more than 20 times a day is not typical for a novice trader, and those who do so without monitoring the day's high and low are likely to get caught in the trap. Consequently, to facilitate comprehension for novices. Using this guideline, we can relate to the practical method of daily highs and lows. Never forget that sometimes the market reverses by 11 AM EST. Since there is only a movement from the daily high and low, volatility is typically lower when the market is stable. Therefore, if the market reverses by 11 AM EST, it usually does so until 11 AM EST the next day; if not, there is no chance of a reversal for that day. To determine which zones would be ideal to enter, it is therefore best to look at the daily high and low.
These posts are for educational purposes. To guide the people who might still be struggling within the crypto market, those who are new to the environment and volatility and everyone else who needs it.
THE REAL REASON WHY AFTER YOU OPEN A TRADE YOU LOSE
If youāre looking for an answer on why most of your trades lose in the market, youāre in the right place.
To better understand how youāre losing, I will give you a sample scenario.
Sample Scenario: 560M (total crypto traders) x 20% (the possible number of traders who will trade 1 coin at the same time in a certain time)
= 112M (possible number of traders who will trade 1 coin at the same time in a certain time from the total number of crypto traders in the world) 112M X $10 = $1.12B total capital traded with the same coin at the same time. This $1.12B has 80% or more of it getting liquidated and only 20% or less takes the liquidity and win. Thatās a total of $896M lost by most traders and $224M gained by some traders.
Now, imagine, how many traders would put more than $10, $100, $1, 000, $10, 000 or more. How much capital would be traded and what are the possibilities that these traded amounts would be part of the 20% winners? As you ponder about these thoughts, you will gain more insights and possible key actions to take in order to lessen the probability of being part of the 80% who would most likely get liquidated.
THIS WILL TEACH THE NEW TRADERS THE REALISTIC PERSPECTIVE ABOUT THE CRYPTO MARKET!
Crypto market economics tend to depend on the buyer/seller decisions and how the overall supply and demand would affect these decision-makings.
Marking the bottom part of the market as the demand as it signifies the increasing buying interest leading to intensifying the buying pressure. Creating more opportunities for buyers to bargain the market for a better or lesser price.
Upper part of the market foretells a selloff occurring as the supply has reached a certain height telling sellers to take advantage of their current holdings and the high price.
These 2 parts of the market turns several waves of buying and selling orders into visible market graphs/illustrations.
As the market takes in buying pressure, price heats up and rises. More demand can lead to a control of the market by increasing the available price.
With selling pressure, price cools down and falls. More supply will be the indication of a falling interest in the market leading to lesser price.
Take a look at the graph above.
Here's the existing 100, 000-300, 000 supplies of Bitcoin (BTC) in the market and the 75, 000-88, 000 price of these BTCs.
The demand and supply arrows indicate an increasing/decreasing movement/wave in the market.
When the supply reached a great height of 300, 000 BTC owned by the buyers. There was a need to bring these supplies down to a reasonable number. There became visible the falling price from 88, 000 to 81, 500.
When the interest became clearer and more demand was present for the 300, 000 BTC that was needed to be bought from the market. The price went up from 75, 000 to 81, 500.
Both of these had the motivation of buying at the least possible price and selling at the highest possible price.
Both also had the equilibrium for price in between 75, 000 and 88, 000 which is the 81, 500. As well as the equilibrium for the supplies of BTC at 200, 000.
These are the in-betweens and the area where stability of price will happen.
$BMT $BMT has already created strong signs of a downward movement and you need to carefully examine it with your own eyes.
If you take a look at the harmonic pattern it has created. It has already shown the bearish reversal.
There are also other formations that can prove this point but we won't discuss that.
$BMT NEXT PRICE ACTION COULD TURN INTO A BEARISH MODE?
As many have witnessed the recent rejection of BMT. There were several selloffs that happened and led to a decrease in both volume and price. This has also made the 'spark' of turning the price higher after its potential breakout decrease. One may also look at this as some sort of correction. Although, in the context of the rate of its decrease. There are those who believe it may retrace back below its current major support. Can this truly happen? Let's wait and see.
$BMT $BMT NEXT PRICE ACTION COULD TURN INTO A BEARISH MODE?
As many have witnessed the recent rejection of BMT. There were several selloffs that happened and led to a decrease in both volume and price. This has also made the 'spark' of turning the price higher after its potential breakout decrease. One may also look at this as some sort of correction. Although, in the context of the rate of its decrease. There are those who believe it may retrace back below its current major support. Can this truly happen? Let's wait and see.