Master class on HEAD & SHOULDERS pattern for trading Bitcoin.
A thread.
Comprehensive guide to head and shoulders pattern. Made exhaustive enough for Trading purposes.
t’s a frequently occurring, misunderstood and arguably the most useful pattern.
RT would be appreciated.
MASTER-CLASS on PRICE ACTION TRADING.
An in-depth and detailed series on PA trading.
By the end of this series, you will master Price Action Trading.
Chapter 1- Price Market Psychology
A thread.
Beginners are obsessed with complicated strategies.
Simple methods work wonders in the long run.
I will show you an EMA strategy to make big money without any leverage.
Simple doesn't mean low profit.
Share it! All beginners need it.
A thread.
You're Trading against PhDs in physics, against machines which can do millions of calculations every second, against the most secretive Algos.
Learn and then fight.
I've complied all my tutorials for free here. https://t.co/718jU9ySKx
This is all you need.
Love, EmperorBTC
4. Make a trading journal.
Write down why you entered, your target and the results.
Write down what you learnt and what could be different.
Only 10% of you will do it even after reading this.
Not maintaining trading journal means you're wasting your precious time.Make one now.
3. The reason Trader's fail is because Most are too lazy to Back-test Improve upon mistakes.
Sit with live charts, draw your supports, area of interest, enter the trade and see the results. Live.
Do it as much as you can. Over an over Again. Trade more. Learn more.
The true test of a trader starts in an uncertain market.
As a trader, your aim is to make profit in all kinds of market, ranging, bullish, bearish.
Trends last for months, as a trader, you should be able to make money by being long or Short
This is what we're supposed to learn
You should be equally comfortable going Long and going short. You need a predefined, back-tested system. If you don't have this, you shouldn't even think about trading. Period.
Predefined- Your system tells you when to enter.
Back-tested- Tested for historical profitability.
2. Enter the Trend, Always.
Find the trend on the higher time-frame eg. Weekly and then confirm it in lower time frame, Daily and Hourly and enter is the same direction. Don't try to counter trade.
Remember, Find trend on higher time frame, confirm on lower and ONLY then enter
A THREAD- How to be profitable in every market with low stress and high rewards.
Trading is the most rewarding, most efficient and quickest feedback profession.
It is also the most anxiety inducing, dangerous and stressful profession.
A thread to become profitable, Always.
Part C- Learning to Trade
Trading can only be learnt by doing it.
You can read 100s of books on playing basketball but you won't truly learn it till you play.
How to start?
Learn the basics here https://t.co/718jU9ySKx.
And Practice, over and over again.
The more, the better
Explained in one chart- Using indicators to confirm Price movement.
Indicators are not entry signals but a statistical tool for comparison with the historical price.
Here, the lowering of OBV and Volume has been used to confirm a short entry along with Prime movements.
Tutorial on Adding more capital to an existing entry upon further confirmations.
1. Entry on Consolidation break-out.
2. Addition on Re-test.
3. Addition upon swing high break.
Let me know if this was understood. Will post more such setups.
Please RT if this was helpful.
How Pump and Dump works. A guide.
This is a real example from January 2018 when 6 influencers on twitter decided to Pump and dump ON THEIR FOLLOWERS.
Note- These coins are low liquid assets with daily volume lower than 20K. Throwing in 1-2 BTC does the job to pump.
Stay safe.
Once the above has been done, you can move on to trading. But trading ONLY spot market.
Spot market doesn't offer any leverage which is a blessing for new traders.
Try this for a month. Only if you get successful in the spot market, think about moving to leveraged trading.
A THREAD on
Things to do BEFORE you start trading Bitcoin.
I've been trading Bitcoin full time since 2016. Seen a lot of 'traders' burn their face.
Here are things you should do BEFORE you start trading BTC.
The above chart explains the Entry. Look how I entered after multiple confirmations.
Exit was easy. I expected the previous lows to be tested after so many short conformations and placed my bids there.