Kanfunfio

According to the StochRSI on 4h it is overbought. It is plummeting, it will drop to 0.12

$THETA KEYWORD: DISCIPLINE.
Have you noticed that I don't write much in this chat section? The truth is that I don't enter the App much unless it notifies me. The keyword I didn't invent, it's called DISCIPLINE. In my case, I have:
1 active THETA
1 timeframe, 1H
2 indicators: BB, StochRSI
1 profit: 1%
Alerts 3
As for the rest, go to sleep, watch TV, go to work, do whatever. Trust your operation, and take your profits■

Be careful with overconfidence! The market is unpredictable.

Yes, of course. But I have done better with the 1%. Everyone chooses what works best for them.

#THETA I STICK WITH THE 1%

The graph goes up and down, time passes, but when you add and subtract, the gains are not seen, but when I set the profit to only 1%, I have done much better.

For me, a robot is a sign of mental laziness. I don't like them.

I don't see where the structure will break, my friend. The RSI on the 1S is already at 97. It's going to keep falling.

Remember that every push has a pullback, but that does not change its structure.

Hahaha. I am Colonel.

$PROVE
In Prove, I opened a sales operation. The reason: a large hammer candle on 1D. On 4h, the StochRsi indicator signals sales to me. So I expect it to drop to where it opened at 0.30. We'll see!

$NEWT When to open a position?
Before opening a position, you need to know what to look for. The candles can give you an idea.
For example, a green candle that closes above 50% of its body may indicate that the bullish movement will continue. If it closes near 50% of its body, it could indicate that it will move laterally, but if it closes well below 50% of its body, it might be giving you a signal that the buying strength is weak and rather the selling strength is dominating.
In the case of NEWT in a 1M timeframe, where do you see the price moving?

I always recommend reading simple articles every day on Binance Academy about the mess you are getting into. Remember that this is about money, this is not a game.

$CYBER "BOLLINGER BANDS"

What are Bollinger Bands?
Bollinger Bands (BB) were created in the early 1980s by financial analyst and trader John Bollinger. It is basically a measure of oscillators that indicates whether the market has high or low volatility and also conditions of overbought or oversold.

How to use Bollinger Bands in trading?
WARNING:
>>>Must be used together with other technical analysis indicators.<<<

With that in mind, imagine if the price exceeds the moving average and surpasses the upper Bollinger Band, it is probably safe to assume that the market is too extended (overbought condition). Alternatively, if the price touches the upper band several times, it may indicate a significant resistance level.
In contrast, if the price of certain assets falls significantly and breaches or touches the lower band several times, it is likely that the market is oversold or is at a solid support level.
Therefore, traders can use BB (along with other TA indicators) to set their buy or sell targets. Or also to get an overview of the previous points where the market exhibited overbought and oversold conditions.
Additionally, the expansion and contraction of Bollinger Bands can be useful when it comes to predicting moments of high or low volatility. Some traders assume that when the bands excessively expand, the current market trend may be nearing a period of consolidation or a trend reversal. Conversely, when the bands tighten too much, traders tend to assume that the market is preparing for an explosive move.

WAS THIS ARTICLE HELPFUL:

Trading IS A PROFESSION, it is not a casino. Any profession requires you to dedicate study to it. Invest in yourself first, then in the stock market. If not, you will pay a very high price.

I have learned that the best trader is not the one who wins the most, but the one who controls losses best, and I see that you are doing that very well. Congratulations!

Of course yes

Are you new and talking about Bitcoin, ATH, $93K? 🤔🤔🤔

Stay there friend, you must go up to 41.

$ARDR ! WATCH OUT FOR THE CANDLES !
One way to know where the price will go is to look at where the candle opens. Normally, the candle should open at the same place where the previous one closes. If it opens at a different price, it could be a signal that it will take the opposite direction.
Can you see it in the 1h chart of ARDR?
Can you notice that the StochRsi confirms it?

The best investment is in oneself. In the top left, there are 3 horizontal bars, go there and visit Binance Academy and read everything you can for a whole month.