One of the most important steps for any trader is the Top-Down analysis. Spend time to find key areas on the chart, mark them, see how price interacted with the levels, what is missing, find ur edge.
The total market capitalization of #Crypto is doing well.
Above 200-MA and 200-EMA, but needs to break crucial resistance.
At $1.25T we need to break through, if we do, we'll be seeing a strong run to $2T.
Beautiful retest of 2017 peak high & weekly bullish divergence.
Risk per trade should always be a small percentage of your total capital. 0,5-2%
So, for example, if you have $1000 and you're willing to risk 1%, your maximum loss would be $10 per trade.
We use such a small percentage because we want to avoid a draw-down.
#crypto#trading
The Support and Resistance Thread 🧵
We will use the previous thread as the base for this one, so if you haven't read it please do. In that we've discussed trends and ranges. Both of these topics will help us outline the support and resistance.
Let's dive straight into it.
1/
Bearish Divergence Confirmation Set-up.
Easy to trade, easy to navigate. Optimal R/R trading strategy.
▫️ Bearish divergence applies.
▫️ Rejection at range-high is trigger.
▫️ Take profit start of impulse.
▫️ R/R usually 3+.
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