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You are watching a very unique Bitcoin technical analysis.
It use Fibonacci ratios + support/resistance to find the best zones to enter and exit the market.
Here's what to know when looking at the charts:
Green and red rectangles are BUY and SELL area. These are the areas where the momentum has shifted enough to give us upside/downside potential great enough to consider buying or selling Bitcoin.
The software I use is Metatrader 4 (MT4)
The pricing feed is made by averaging prices at all the most popular crypto markets.
Tips for beginning traders:
Trading is hard. 90% of traders never manage to be consistantly profitable.
Greed is your enemy.
A good trader is a good risk manager.
Use Stop Loss and dont move them in the middle of a trade.
The more leverage you use, the more certain you will fail.
If you cant sleep at night, your positions are too big.
You need to manage your emotions. Try meditation.
You dont need to have positions open at all time.
An average of 1% profit per week compounded will make you filthy rich.
A good strategy is not the most important part of your success. Discipline is.
Repeat this mantra: “I am a very good trader”
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