Hello everyone, I am the awake person who has been reset to zero 8 times and stood up again
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1️⃣ Bitcoin increased 64 times from 2015 to 2021
2️⃣ Bitcoin increased 18 times from 2020 to 2021
3️⃣ Ethereum increased 53 times from 2020 to 2021
Today I will talk about three opportunities that I think can maximize profits.
1. Trendline Breakout and Retest
The first setup is a classic trendline breakout. Note that this setup will be accurate if the trendline is based on at least 3 subsequent bullish or bearish moves. If the market bounces off the trendline, it is a vertical support. If the market falls off the trendline, it is a vertical resistance. A breakout of a trendline - vertical support is a candle that closes below that trendline. After a breakout, it becomes a safe point to sell the market.
The above picture shows the pound-day. After breaking the upward trend line, the rebound became a resistance.
2. Horizontal structure breakout and retest
The second setup is a breakout of a horizontal key level. A breakout of a horizontal support level and a candle closing below it is a strong bearish signal. After the breakout, the support level turns into resistance. Its retest is a safe point to sell the market.
A breakout of a horizontal resistance level and a candle closing above it is a strong bullish sign. After the breakout, the resistance level turns into support. Its retest is a safe point to buy into the market.
In this example, crude oil breaks through the daily resistance and then falls back and continues to rise.
Let’s take a look at an example of a pie.
3. Buy/sell in the market after a pullback
The third option is to trade the market after a pullback. The market should be strictly in a trend. In a bullish trend, the market corrects itself after making a new high. Higher lows usually follow an upward trendline. Buying the market from such a trendline opens a safe trend-following trade. In a bearish trend, a corrective move begins after the price makes a lower low. Lower highs usually follow a downward trendline. Selling the market from such a trendline opens a safe trend-following trade.
Bullish pullback in Europe and the US
The simplest and the hardest
at last
good luck
friend
