Hello everyone π,
I am a trader, I trade on Cryptocurrencies, Currencies, and of course on Indicies, and Stocks.
Today i will show you, how I'm analyzing the charts during my trading days/weeks.
On the image posted bellow, i marked everything what I need to make a basic analysis for any market.
More advanced techniques of analysing and trading, i will show in another posts, and in another VIDEOS if you will be interested.π
Let's Start from BITCOIN market :
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From the Daily interval (D1 Timeframe) :
β’ The price of Bitcoin, moves in the direction of growth led by tendency levels marked '' 1 '' and '' 2 ''.
β’ The significant price level is tendency level marked '' 3 ''
β’ Looking at the levels of the largest volume on the BTCUSD market, currently operating at the D1 interval,
during which there was a lot of transactions, area around $ 5,698 may be significant.(we can talk about volume analyzing, in kind of educational materials which i would like to post sometimes from now)
β’ Red rectangles for corrective movements, BTC has always reacted in demand so far after declines at around $ 600,
5x in a row, as in the attached chart.
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βοΈπThe price can go up when:
- There will be a demand response near the level '' 2 '' βοΈ
- There will be a breakdown of level '' 3 '' βοΈ
βοΈπThe price can go down when:
- There will be a breakdown of level '' 2 '' βοΈ
- There will be a supply reaction on level '' 3''βοΈ
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-I wish you Full Success! π
-Will you like the value of this post ? React ππ
-Do you have any question? Comment βοΈπ
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The information provided is not a trade recommendation!
This is just speculation and my view of the market.
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Would you like to learn how to analyze markets, and trade with big accuracy ? give me a boost, and i will be posting more educational videos, about basic, and advanced trading techniques. See Ya ! π£.png)