Everything in world is cyclical, and history repeats itself time and again. Crypto is no exception.

All bull runs started a year before and continue for a year after BTC halving. Every time we think the cycle must eventually end, and each time we REKT again.

Many don't get why TA works; it's simple:

  • Charts aren't just candles; they reflect market sentiment.

  • Each movement signifies one thing: crowd manipulation.

  • To earn, you don't need to blindly memorize chart patterns but understand the meaning that whales, put into them.

1. Identify the charts

Analyze chart from higher time frame to lower one cause:

✧ The higher time frame support and resistance levels will be stronger

✧ U need to Identify the trend starting from higher tf, cause it could be uptrend on 1d but u'll think the market is bearish since it is on 1h

2. Understand how support levels work:

Support level - a price range that attracts traders' interest.

✧ The more touches and rejections, the more significant the level becomes for prices, but after 4-5 touches, the level often breaks through, and here's why:

With each touch, new players enter long positions at this level, placing stop losses below it, where whales hate everyone.

Prices are intentionally squeezed down, liquidating long positions, and then continue pushing the chart upwards.

You can open a position by entering where the bullish impulse started, placing a short stop loss below the close of that candle.

There's a large volume of purchases = a strong level, which is likely to pull the price back up, unless the trend changes.

  • Flat - when the price is roughly within the same range.

  • Uptrend - each subsequent low and high of the price is higher than the previous one

  • Downtrend - each subsequent low and high of the price is lower than the previous one

4. How to use Fibonacci retracement

Fibonacci levels are used to determine optimal buying points for an asset.

✧ Key levels include:

- 0.5 (50% price correction)

- 0.618 (61.8% price correction)

- 0.786 (78.6% price correction)

✧ After a bullish price movement, draw levels from the bottom point to the top
✧ These levels will indicate optimal buying zones
✧ It's not a cure-all, but it can be used as an auxiliary tool when you need more confirmation

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And finally, work on yourself by creating your system:

You might know everything in crypto and trading, but if you can't control your emotions, your only path is to McDonald's.