honezzz

I've only been on Binance for a while, but I've already managed to make a few successful trades 😀 and a few unsuccessful ones 🙄. To improve my results, I have learned to use Markes Overview. I usually use this overview to check the trend of the cryptocurrency I am about to trade. I also look at 24h Volume and MarketCap for the cryptocurrency I have chosen. I look to this information to help me determine the direction I want to trade the selected cryptocurrency and also to see if anything is happening in the chosen market. For cryptocurrencies that I am not familiar with, I will still read the detailed information. I believe this will help me improve my trading results, I would like to make a checklist of these activities afterwards.

And what helps you in trading?

#TradersBootCamp

There seems to be a slowly growing impulsive wave on the LTCUSDC on the 4H chart $LTC .

I used to use Bollinger bands from technical indicators (BOLL). They help me identify the trend and also the range in which price changes are moving. The top and bottom line of the band is given by the standard deviation. If the price climbs higher than the upper edge of the band, or falls lower than the lower edge of the band, the market is in a state that is outside the normal deviation. Therefore, I sell near the upper edge of the band and buy near the lower edge of the band. When I started using Bollinger bands, I think it improved the success rate of my trades by quite a bit. And what works for you? $XRP #TechnicalAnalysiss #Bollingerbands #Binance

Roses are red,
My wallet is too,
I sold all my stocks—
Bought Bitcoin for you!

#CryptoLovePoems $BTC

The trend is your friend. Since I've gotten into the habit of first looking at which way the market is trending in the long term, like 4H or 1D, it has saved me a lot of money. Then I don't even mind if my profit goes the wrong way for a few hours, the trend will often help me correct my mistake.

Hi, do you use Elliot waves for technical market analysis, or is it not applicable here?