CoinCodeCap Classic
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$SOL
The price is trying to break down the horizontal support zone of the descending triangle pattern. A breakdown will provide a downward move, or here, we can also expect a bounce.
❤ 12⚡ 1
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📍#Learning #CCCTradingLesson
(Winning Requires Preparation)
•Every trade is a battle and winning battles requires preparation. And since uncertainty is the only thing that’s certain about the markets, you should learn to identify the possible scenarios and prepare contingencies for them.
📍#Education #cryptoeducation 📚
❤ 3
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$ETH
The price is consolidating inside the descending triangle pattern. We have to wait for a breakout or breakdown to confirm the next move.
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MONTHLY PNL PREMIUM UPDATE📣
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📍#Learning #CCCTradingLesson
(Find Favourable Entry Points)
•Look for scenarios where supply and demand are drastically out of balance and use these as entry points. The financial markets are like anything else in life: if supply is near exhaustion and there are still willing buyers, price is about to go higher. If there is excess supply and no willing buyers, price will go down. At Online Trading Academy, we teach students how to identify these potential turning points on a price chart by studying historical examples.
📍#Education #cryptoeducation 📚
❤ 2👍 1
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#XRP
Breakdown and retested the triangle.
❤ 5
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$SOL
The price is consolidating inside the descending triangle pattern. We have to wait for a breakout or breakdown to confirm the next move.
❤ 5
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$BTC
Pumped from the horizontal support. Now eyes on the trendline breakout for the bullish confirmation.
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📍#Learning #CCCTradingLesson
(Be Realistic About Profits)
•A strategy doesn't need to succeed all the time to be profitable. Many successful traders may only make profits on 50% to 60% of their trades. However, they make more on their winners than they lose on their losers. Make sure the financial risk on each trade is limited to a specific percentage of your account and that entry and exit methods are clearly defined.
📍#Education #cryptoeducation 📚
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❤ 4
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❤ 3🤔 2
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📍#Learning #CCCTradingLesson
(Fibonacci Retracement)
•Fibonacci retracement levels are horizontal lines that indicate the possible support and resistance levels where price could potentially reverse direction.
•The first thing you should know about the Fibonacci tool is that it works best when the market is trending.
•And to go short / long (or sell / buy) on a retracement at a Fibonacci resistance / support level when the market is trending DOWN / UP.
•Fibonacci retracement levels are considered predictive technical indicator since they attempt to identify where price may be in the future.
📍#Education #cryptoeducation 📚
❤ 3
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$ETH
This could be the next expected moves.👀
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$XVG
The price has broken the falling wedge pattern and also retested it successfully. Currently, it looks ready for an upward rally.🚀
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A classic reminder for classic peeps, that’s it’s always the action that changes the game 🙂↔️😉❤️
