While working on finishing the project, I decided to write down how to properly approach learning and analyzing Moneytaur's charts, with or without my platform.
🔎How to Properly Follow "The Moneytaur Way" (In My Opinion):
1) Setup
The first thing you need is at least an Essential (the cheapest but not free) subscription to the TradingView platform. Without it, you won’t be able to create custom timeframes or conduct proper analysis. Yes, you can still practice the most basic skills without it, but very soon, you'll need more than that.
Another thing I highly recommend is @Moneytaur_’s paid subscription. For me, that was a game-changer - after two years of following him for free, I still felt blind (shameful but true).
2) Understanding the Concepts
Thanks to @CryptoChase02, we have a comprehensive explanation of most of the topics you need to learn. This will give you insight into how MT and his successful followers approach Technical Analysis.
If you’ve ever wondered, "What source should I choose to learn about Order Blocks and Liquidity without getting rekt?" - this is it.
This list is a MUST-READ, but you can and should find more on @CryptoChase02’s page:
- Market structure 👉 https://t.co/LEdBf19LJV
- Fibonacci retracement 👉 https://t.co/gpm1jakRnQ
- Supply & Demand 👉 https://t.co/1E5GLf2zXV
- Discount & Premium 👉 https://t.co/UTPmxHIKIe
- FVGs 👉 https://t.co/UzxhrDdqT3
- Order Blocks (Key Levels) 👉 https://t.co/esr9kBeQeO
- Refining 👉 https://t.co/qZQ768M3CK
- Multiple time frames 👉 https://t.co/t0P1eB7tGZ
- Risk Management 👉 https://t.co/to6CnHzeLX
Don’t just read them once! Bookmark (and like) each one, then read them daily for a couple of weeks until you remember them like a national anthem. For each topic, CryptoChase has included examples - study them carefully and ALWAYS try to find examples yourself while you're learning.
3) Chart Replication
Once you have a solid understanding of the concepts above, you can start analyzing @Moneytaur_’s charts. However, I recommend first analyzing the charts (and posts) of people who have already cracked MT’s code. Usually their charts are more "newbie friendly".
Here’s a list of traders I suggest following:
@luckychartape@TraderDune@MoneyTaura@IamZeroIka@Wolfpekay@FilippoPalizzi@CryptoChase02
@MaxO22
@studentoffew
Many of these traders have their own private groups or subscriptions. Whether you join them is up to you, but getting information firsthand and surrounding yourself with people who share the same goal is an incredible advantage.
If possible, unsubscribe from people who don’t provide the same level of value. Stay focused on your learning.
4) Chart Analysis
At this point, it’s time to start charting on your own and applying everything you’ve learned.
Use Paper Trading and Replay Trading in TradingView to test your setups.
Share your setups and get feedback from others - don’t be shy! We’re all learning.
Journal all your trades. If a setup didn’t work, write down your thoughts on why. If a setup worked, note it down too. The more details you record, the better.
Collect data on your performance and learning curve - data = gold.
5) Trading
Once your setups consistently provide you with a profitable edge, start trading. At this point, the biggest challenge is handling real money - emotions will kick in.
But remember:
You only avoid losses if you don’t trade.
You only avoid mistakes if you do nothing.
💎 One key takeaway: If you learn how to trade properly once, this skill will stay with you for life. No one can fire you or delay your paycheck - no matter where you are or how old you get.
This is your "blueprint" to get the fuc* out. When you can tick most [or all] of these, you start dumping bags.
I've shared countless warnings before the altcoins halving, and even my "crazy" Elon Musk "signals" [https://t.co/XEl4V9Von3] thesis doesn't seem that crazy anymore, so pay attention to him. Moonboys were calling for the moon, posting 📸 of their portfolios, adding Fink's face to RWA micro cap charts [WTF...], claiming i was a bear who would miss out on the biggest run of all time [imagine the delusion to claim this...], memecoins on tier 1 cities billboards and parabolic moves printed on their charts, no correction for countless weeks [everyone's a genius season...], global celebrities such as Drake and NBA superstars posting crypto related content on their social media channels, Lil Bubble with another bullish song at all time high, and so on...
Wherever prices are, and wherever your portoflio is when you can tick off most [or all] in this list, you sell and look for short opportunities on MTF/HTF. The market isn't going to pay what you want it to pay. You don't get to decide. When the bubble inflates too much too fast, you don't even need charts because the sentiment with be thrill/euphoria, yet with charts you can sell/short perfect [or near perfect] levels and this is how you get rich from this game.
One more round. The elites will then sync-sell.
@MaxBecauseBTC hi man .. what do you think of decreasing liquidity for Andy compare to wolf.. bitget delist etc. Doesn’t look good to me frankly … i would like to have your opinion on this .. thanks and be well
@BullyDCrypto great sir! can’t wait ! you and @EmperorBTC are two accounts that provide excellent value in regard of trading and market analysis ! thank you much for that !
Do you want to get more info on my trading style or wonder why I am so accurate?
I'm giving away free discord access for life, where you can copy my trades exactly how I take it with my exact sl and just learn from me if you wish.
just RT this post and I'm handing out the winner friday
GL
@SoulzBTC do you think it is realistic scenario? to reach 20s level in this stage of the market ? it would be 65+% correction ? thanks for your opinion