Fundamentals of Support & Resistance -001
How to identify them??
Support and Resistance are areas where price has reacted to in the past and can potentially react again in the future.

We draw support and Resistance levels because once the price gets back to this levels ,there are possibility of trading opportunities that arise and you have to draw this levels already as a reminder to look.
There are specific criteria we look to identify Support and Resistance levels.
1. We look for the extreme swing high and swing lows ( the highest or lowest points the price has reached in recent time).

Example: picture 01
The red line, it’s extreme swing high(Resistance) thats is where price has reached in recent time and the green line is extreme swing low(Support) where the price has reached in recent time.

Picture 02
You could see, once the price rejected from R1 the price retested S2&S3 , the price then rejected and retraced to R2 and the price got rejected again to S4 and while approaching S4 its rejected again.

So by looking at extreme swing highs and swing lows, we can identify potential Support and Resistance levels and where the market is likely to reverse.
But this is not quite enough to make a trade decision because we always need a confirmation price action pattern.
Will talk about this later and right now i want you to focus only on how to identify Support and Resistance.

Like,Follow,share and comment “Let’s go” so i can bring you the next episode 002 as we all enrich ourselves on how to analyze the Market.

Disclaimer; This content aims to improve readers, you should get more information from multiple sources (DYOR) before setting up your own strategy. All buying, selling and crypto investment activities are responsibility of the reader.
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GM! Traders, investors and HODL’s
I will love to share my series of Support & Resistance guide for you to better understand how the crypto market chart is heading . 📈

Beginners always find it difficult on how this works for the top traders . Its bit challenging but easy for you when you understand and make your own informed decisions. Am not here to just give you the basics of Support & Resistance but also give you how to deal with your emotions when dealing with the market?

To analyze and make informed decisions on spot trading,futures rading and how ,what,when and where to trade your money?
Fellow ,Like and comment “Lets go” as i bring you a better understanding of Fundamental Support and Resistance through our journey!?
…LJ!
#SupportAndResistances #Bitcoin_Coneference_2024 #BinanceHODLerBANANA
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🚨News 🚨 ;
The last 3hrs the US stock market fell 2%.

This is because #Bitcoin❗ is struggling hard to climb?
#USNonFarmPayrollReport #DOGSONBINANCE #Write2Earn!
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An example of how to identify Support and Resistance , also how, where, when to enter a trade.

The market can be very tricky and very difficult to predict the outcome. But learning the basics of support and Resistance can give you 80% probability of winning. All the top traders use this method to predict the outcome.

When you look at the picture, you could see on the chart , Resistance ,Support and small circles where you can possibly enter your trade at this levels . But not every levels you can enter a trade, you need to confirm if the levels are valid or not.
Looking at support , the first circle can’t be valid coz it just got rejected , once the market price retrace to the same level twice then it got rejected and now the second circle makes it obvious that its a critical support. On Resistance you could see the same thing happening and it’s obvious you can enter a trade on the second circle. Now you need price pattern confirmation to enter a trade. Later, i will show how to identify price patterns and what it means.

Now making a decision to trade ,you need to look at how,where and when to take your position.
What type of trader are you ? You need to know all this to set up yourself . Are you a day trader or swing trader? What time frame is best for me? Do i have the capital to hold this trade position?

The chart time frame is 1day which means if i take a trade , my profits can be in days before execution. This means am a swing trader. All am saying is you need to check all this criteria before making decision on the market.

Follow,Like and comment your thoughts? As am going to post the second criteria on how to identify Support and Resistance . Let’s go!
…LJ!

Disclaimer; This content aims to improve readers, you should get more information from multiple sources (DYOR),before setting up your own strategy. All buying, selling and crypto investment activities are responsibility of the reader.
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#TON #DOGSONBINANCE #Write2Earn! #CryptoMarketMoves

How to identify Dynamic Support and Resistance using indicators.

Hello guys its been long since i post here , in my previous content, i was explaining how you will be able to spot support and Resistance levels . This is important levels that can bring you profits on your journey. But this content is not full details but later , if you follow my works am going to show you how to spot them.

Looking at our picture you can see dynamic Resistance on the purple indicator. This is because we can use indicators as dynamic Support and Resistance.

Disclaimer; This content aims to improve readers, you should get more information from multiple sources (DYOR), before setting up your own strategy. All buying, selling and crypto investment activities are responsibility of the reader.

Follow,Like,repost and comment let’s go as we all get together and enrich ourselves on this journey.
#DOGSONBINANCE #CryptoMarketMoves #TON #Write2Earn!
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Become Creator?
Guys i need your votes and need you all to follow me up, so i can become your creator. Am going to tell you how to read the crypto market, how to earn and invest your own money. Taking control over your own money is very important and gives more confidence on, what you are doing.

We are going to focus on the basics of Support and Resistance. Check my profile and see the first step (episode 001) on how to understand support and Resistance.
Follow let’s learn and grow together as one.
…LJ!
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THE FEAR OF MISSING OUT.( FOMO)
Why do you get to miss out? This is where you get forced information without properly verifying the source, or accuracy of it and it leads you to make irrational decisions.

To make informed decisions, my traders and investors, you can’t trust anyone in the financial markets. This is because before the top traders give out any signal, you are late and, it’s the best if you make up your mind to learn and get your own strategy. You have to give in, at least 4hrs of your time to learn and trust your own process.

Because the top traders learned and got their own strategy, and it took them a while. Remove the perception of getting rich quickly and take your time to learn. You have to trust yourself and believe in your strategy. You can’t always win but sometimes you loose to get better from your mistakes. Perfecting your strategy, your wins will always be bigger than losses. Always do your own research, and this helps you to understand what you are doing.

Like ,follow and comment “Let’s go” so i can bring you the next understanding of support and Resistance. My friends vote for me as well because am going to tell you how to read the market on your own. So you can beat all odds, because it’s you against traders ,institutions and large groups of investors.
…LJ!
#Write2Earn! #BinanceLaunchpoolTON #CreatorAward
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GM!
Banks and Forex are closed, but crypto is not ?
Reason why crypto is far better than Forex and banks .
In crypto you get more control over your own money, you can decide to invest,create portfolio,earn passive income,spot trading ,futures trading and hold or withdraw your own money whenever you want.

Crypto has so many ways to earn.
But Banks tells you when to withdraw and time to withdraw. Forex trading is good but it doesn’t have more advantages to earn passive income.
Am not a Financial advisor, thats is why you need to do your own research. You can’t trust anyone and you need to learn on your own. Its not get rich quick but rather treat it as a Business.

Getting a signal from somewhere is wrong, because before they give out the signal, you are late. It’s always better when you understand and do your own technical analysis to get your own signal. At this point you are able to make informed decisions. If a human being can read the market, to be the best then its possible you can do same.

Follow, Like , and Comment “Let’s go” so we all get to enrich ourselves.
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GM! Traders and investors
HOW TO DEAL WITH NEWS IN THE FINANCIAL MARKET.
To be able to trade safe and be in good profit, the first thing to check is your economic calendar. You need to know what news is coming up . As a trader you need to be aware of this factor. You can always make a good technical analysis to get informed decision but without the knowledge of the news, its 70% that you can lose your trade. The news has higher impact on the financial markets. Hence , all economic news should be considered first before entering a trade.

To deal with this issue as a trader , it’s suggested either you close all your positions because nobody knows where the market is heading downwards or upwards. But you can always trade the news and all is about your smartness and your own personal research.

The initial jobless claims yesterday,made a higher impact on the financial market , a lot was asking why ,how did the market move like that. As a trader you should know how the financial market operates.

It’s not always the economic news that manipulates the market, institutions,large crypto companies and large groups of investors. Sometimes they move the market and its all because they are Buying or selling to take profit. And as a trader you should be more smart to win against them.
Am not a financial advisor , you should always do more research.

Like ,follow,share and comment “Let’s go” so i can bring you the next episode of my Fundamental support and resistance as we learn and grow together. Never think of getting rich quick but patience and trust the process.
…LJ!
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WHAT MAKES YOU A TRADER!!
Everyone one wants to be a trader but the question is, what defines you as a trader. In real life , what people know is buy low and sell high with physical products and make profit. But the Financial market seems to be the same but its a technological tool, manipulated by news ,institutions ,a group or others ,etc. which you trade against them, it takes a lot of hard work ,a study such as getting your emotions,strategy,technical analysis,risk management all together to get to the top. It’s about being smart.

To be ready for the financial markets ,you have to define yourself, or be a type in the game . Are you a day trader, swing trader, technical trader etc. what works or doesn’t work for you . You need to set up your mind ,be determined to learn , be ready to loose and win. Never think its get rich quick.
But with patience you will be successful.

Follow,Like,share and comment “Let’s go” so i guide you to be on your own and make your own informed decisions and also bring you series of fundamental Support and Resistance which all top traders use.
…LJ!
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#July_NonFarmPayrolls_Shock #US_Job_Market_Slowdown #MtGoxJulyRepayments

GM! Traders, investors and HODL’s
Before we dive into the series of Fundamental Support & Resistance , i talk earlier, we need to check how to deal with our emotions when things are going wrong or right for us.
Emotional control is part of the game and without it you cannot trade and even make your first move .

To be ready for this , you have to accept that loosing is part of trading but with your Fundamental technical analysis on the market , your winnings should be more than losses.
Even though, top traders today still loose but because they know loosing is part of the journey, they don’t give up after some losses . They trust their strategy will bring back their losses. You can’t always win but it’s how to be successful in the long term.

Follow,Like and Comment “Let’s go” so i can dive deep into how you control your emotions while i still bring to you the series of Fundamental Support and Resistance. Let’s learn and grow together.
…LJ!
#BinanceHODLerBANANA #US_Job_Market_Slowdown #BinanceTournament
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CZ release will be a key moment for the future of the platform and the crypto ecosystem as a whole.

CZ, thought us a lot of lessons both winning and losing  ,if we could remember when he was stepping down ? …but as long as we don’t quit , we keep building .
#CZBinance stepping down as CEO of Binance , the G.O.A.T in Crypto ecosystem not just that he left but also left some valuable information for us ? He Quoted some key points to a successful trading career that will guide us to the promise land of multi millionaire.
He’s a rockstar for many, and his influence remains as potent as ever. His legacy  isn’t just built on billions of dollars or exchange volumes; it’s woven from the threads of wisdom.

CZ valuable tips he left for us to be successful in the game ; is as he quoted below
"Trading is not about making money quickly. It's about building wealth slowly and sustainably.”
"Don't fall in love with your coins. Be emotionally detached."    
"Risk management is not about avoiding risk. It's about understanding and managing it"
"Technical analysis is not magic. It's just a tool to help you make informed decisions."
"Learn from the mistakes of others, but make your own. That's how you truly learn."

CZ quoted a lot but this are few main point to make you multi millionaire for the next 1-3 years of your journey.
Not going any further ,this five(5) quotes can obviously tell us to master Patient while we build , we shouldn’t make decisions based on our feelings but DYOR,analyze to make informed decisions and risk management, what you can afford to lose, hence minimizing big losses to keep you in the game.
….LJ!

#CZBİNANCE #Bitcoin_Coneference_2024 #ETH_ETFs_Trading_Today
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