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You're Not Doing Technical Analysis, That's Plain Data Reading 👎🏼 There's a hell lot of difference between technical analysis & simply reading technical data points on charts like volume, high-low of a candle & so on. But where are those points leading the charts? Very few have the answer. The former needs weeks or months, even years of hard work, practice & patience to implement and aim for productive results. So, the latter is a much easier option which is followed by almost 8 out of 10 self proclaimed experts here. So, here's a simpler way to begin with the basics of TA: 🔘 Price Action The backbone or the root of TA. It refers to the character or pattern of how the price of an asset behaves in the short/long run depending how you're approaching with your trade. Different Ways to determine price action with better accuracy - 1. Understanding Support/Resistance zones 2. Marking horizontal trendlines on charts with maximum candle touches to define S/R levels. 🔘 Moving Averages They describe the avg movement of price in a certain time period. Another great way to understand price action & make your strategies accordingly. MA's that are mostly used & ideal to determine the price action are: 20, 50, 100 & 200 DMA(daily moving avg.) 🔘 Technical Indicators They are ideal volunteers to determine the market structure and plan your trades accordingly. Here are three most powerful indicators and even I prefer them on my charts: 1. Bollinger Band 2. RSI (Relative Strength Index) 3. MACD (Moving Avg. Convergence Divergence) 🔘 Candlestick Patterns This will test your observation skills as identifying a chart pattern at the right time (before any breakout) will surely level up your game. They're of two types: 1. Bullish pattern e.g. Bullish Flag & pole, falling wedge 2. Bearish pattern e.g. Bearish flag & pole, rising wedge So, here's a small attempt to guide you to this fascinating aspect. Please don't be those 8 out of 10 experts, chart slayers, or Godfathers existing in abundance. #Megadrop #MtGox #FIT21 #altcoins $BNB

$ETH $UNI The Secret For That Perfect Entry & Grabbing Big Moves 💲📈 ✨ FAIR VALUE GAP Let's understand FVG first. 📊 FVG is a situation when price moves up or down in an insane amount creating huge candles. Now FVG are of two types: 1. Bullish FVG 📈 2. Bearish FVG📉 Usually in such situations the price moves so rapidly, it doesn't give any time to the buyers/sellers to counteract the move creating an imbalance in the market. 📢 Here, I'll explain the bearish FVG because the market is reversing as the downtrend is coming to an end. So, the buyers will naturally retest this zone. 🖍️ You can mark a FVG (bearish in this case) by simply marking the candle's lower wick before the big move to the candle's top wick after the big move.(Look for the blue arrows in the chart). The vice versa applies in the case of bullish FVG. The daily charts of ETH & UNI have this green box which is the FVG. Now after the contd downtrend when the price reverses and comes near this box it must close inside or below the box to make the FVG valid & justified. Result: Downtrend continues further. Now when the FVG is valid and the price reaches support, we look for entry. Make sure the support levels are tested multiple times and not broken downside. 📌 So, the best thing to do in this situation is either buy near support. 📌 Or If you have a pre marked entry level, then wait for the reversal from the support. 🙇🏽‍♂️ What I did in Eth was I waited for a reversal and didn't buy near support. So when ETH broke $3000 & stayed above this price I entered. Similarly with Uniswap as well. When the big move comes, the price must close above (outside) the box to make the bearish FVG invalid & give you a profitable trade. 💸💰 The exact opposite of this is Bullish FVG which can be implied after an uptrend to look for selling opportunities. 📢 You'll find such FVG's in plenty on the charts. Start practicing & your life will be much easy. #altcoins #ETHETFS #buythedip #BinanceLaunchpool #MicroStrategy

$OM Why This Present Situation Could Be The Final Chance To Enter But let's understand Fair Value Gap first. Because analysing it on the weekly chart explains the concept in a way better manner. So what is Fair Value Gap? 📊 FVG is a situation when price moves up or down in an insane amount creating huge candles. Now FVG are of two types: 1. Bullish FVG 📈 2. Bearish FVG📉 Usually in such situations the price moves so rapidly, it doesn't give any time to the buyers/sellers to counteract the move creating an imbalance in the market. 📢 Here, I'll explain the bullish FVG because Om was in uptrend, the price retraced and now moving sideways with slight hint of weakness. So, the sellers will naturally retest this zone. 🖍️ You can mark a FVG by simply marking the candle's top wick before the big move to the candle's lower wick after the big move.(Look for the green box on the chart). Now for the FVG to be valid & justified, the price needs to hit the support (upper trendline) and must close outside the box or even inside the box but above the next support level. Result: A reversal from this point which will result in renewed bullish sentiments and the price will skyrocket. 📈 Here, Om is moving sideways for more than 6 weeks after hitting an ATH of $1.046 and still trading below the 7 DMA(daily moving avg.) The support at $0.63 has been solid with $0.6 following next. Now using the bollinger band on this chart what I see from here is that it may take support on the middle band which acts as 20 DMA. Now this phenomenon could happen either inside or even outside the box. And for that the final support will be $0.54 which is the upper trendline of the box. Though on the daily time frame the reversal has been good today. But the weakness is still prevalent on the weekly chart. So, there could be two scenarios: 1. A reversal from this point. 2. Continued retracement and support on the FVG box. And the latter one has the maximum chances to occur. $OM #Mantra #FIT21 #BinanceLaunchpool #altcoins #Megadrop

$1000SATS A Cent For Sure Next Year 🚀🚀 And I'm not moving an inch from my stance. See that one hr chart. This is exactly what fuels this surge. 📈 The Bullish Engulfing . . Also, if you see the daily chart the long consolidation might come to a conclusion after this move as it has been forming higher lows since the start of May. All we need is a closing between $0.00034-0.00035. My honest opinion about entering the spot will be to wait for today's closing. And above all the Fair Value Gap on the daily time frame. Keep an eye on that. #10000SATS #BRC20Projects #Megadrop #altcoins #BinanceLaunchpool $1000SATS

Always Prioritise Money Management 💸💰 It's shocking at times to see so many people lose a ton of money simply because of lack of money management and take risks beyond their control. Heard of this phrase " Don't put all your eggs in one basket" ? People love giving advice here that they themselves don't follow and could barely explain how to implement it correctly. So fam I'm here to do that. 📢 Proper Money management, risk management is simply a one word theory - DIVERSIFICATION. If you invest in different assets, then in the event of a total crash of one asset, you won't be impacted much. Everyone is aware of what happened to Luna in 2022. Even I got a hit and my $75 worth of investment became zero. But it didn't bother me much because it wasn't even 5% of my portfolio. The day I truly realised the importance of diversifying funds. 🧘🏼‍♂️ 📢 Now, how many beginners do I see falling into the trap of buying just 3 or 4 coins? And especially Cryptos they heard of on social media or some rookie influencer who doesn't even know trading, and therefore for which it's too late? I've seen so many and still see far too many. I've seen so many people buying $SHIB , $PEPE only to lose everything in the end and suffer mentally because it's too late. If you're in this situation then stop buying on FOMO and immediately stop listening to incompetent and fake creators. Their followers don't matter as those are just numbers. Buy the Cryptos before everyone talks about them. I hope some wise brothers and sisters will understand these facts and try to apply in their trading journey. This is my personal opinion from my past experiences. Lend your support by hitting the like & share button and follow me for more such advice. Although I've never asked before, you can also tip me to reward for the hard work going in to bring such content. Happy Investing 🙂🎉 #MtGox #EarnFreeCrypto2024 #altcoins #BinanceLaunchpool #MemeWatch2024 $ETH

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