🧵Below you are going to learn what true Technical Analysis is, what trading mechanically means, and how technical analysis can be used to do it.
Technical Analysis - It's a term many of you will be familiar with. It evokes images of trendlines, and patterns like head and shoulders or cup and handles. There are many different styles of technical analysis, but ultimately technical ideas should all derive from the same practice, studying historical market data, through price and volume to forecast ideas on current charts. On one hand, the idea makes sense at face value. Why shouldn't the same factors that drove price in the past be present in the future when similar price action will occur. On the other hand, some would why what happened in the past has anything to do with what might happen in the future?
1/ 🧵
Bitcoin Trading Mentorship 🚨
Forming Directional Bias and SFP.
MUST READ
1. Learn how nail the Trend.
2. Form Bias Towards long or Short.
3. Utilise Multi time Frames for high Probability Entry.
Part 3 of the Mentorship.
Link - https://t.co/CCVzzUt6ei
🚨Advice for all Crypto Market Enthusiasts
It is Exactly that Part of the Crypto Market.
You should be
1. Preparing your Entries on the Coin you like.
2. Arriving at your thesis for Exit.
3. Building your friend trading Circle.
4. Levelling your Swing Trading Skills.
5. Working harder to get more Capital, by any means.
5.1. Prepare for Volatility to come back to BTC and ETH and Scalp the living day lights out of it, if you're into that.
6. Definitely stay away from influencers who Promise to give you the next 100x.
They will Dump 100 Pieces of absolute Garbage on you, making you the exit liquidity. ONE of those coins will 100x and it will be their claim to fame.
So Prepare well. Nothing Beats a man with Big Capital, solid friend groups and the ability to manage risk.
If you can't do any of it, maybe just DCA now on some BlueChips and walk away for 18 Months.
Yes we could Dump a Bit more if Powell gets more stupid but the Dump would look like a noodle in front of the Pump of Whales.
About Recession? You can't say a technical recession won't occur but more literature has been written about recession in 2023 by analysts than any other event, in history.
It is very likely it will be front run or the entire Population is highly prepared for it.
In Short, Prepare well, take risk, don't use leverage to increase your Capital but to manage risk and Prepare of the next Ponzi Pump.
Be Positioned before the next group of retail enters. You might still be retail, just don't be a new one.