So I’ve been working with my likely meme coin drop team.
We’ve come up with a way to do the drop so the coins is spread EQUALLY across 10 - 20k wallets.
No sniping. No insiders or whales 100% fair drop. I’d follow/like post here closely to make sure your one of those 10k 🙃😜
[ Speculation + Lambro is aping ] @EquationDAO
Im doing this right now!
Earn 800-2400% APR via opening a trading postion
with no price exposure with open both long & short the same time
Many dm me, asking, "Cyclop, what can I buy to make 100X?"
My answer: coins with MC under $25M; that's how I made 130x last bull run.
The more likes here, the faster I'll drop my current list of low-caps.
Make sure to like, retweet, follow me @nobrainflip and turn on notifs 🔔
𝐋𝐞𝐚𝐫𝐧𝐢𝐧𝐠 𝐡𝐨𝐰 𝐭𝐨 𝐝𝐫𝐚𝐰 𝐚 𝐩𝐫𝐨𝐩𝐞𝐫 𝐭𝐫𝐞𝐧𝐝𝐥𝐢𝐧𝐞 𝐜𝐚𝐧 𝐝𝐫𝐚𝐬𝐭𝐢𝐜𝐚𝐥𝐥𝐲 𝐢𝐦𝐩𝐫𝐨𝐯𝐞 𝐲𝐨𝐮𝐫 𝐩𝐫𝐨𝐟𝐢𝐭𝐚𝐛𝐢𝐥𝐢𝐭𝐲.
In this post, I'll show you how I draw it sharing with you 3 characteristics I want to see in a well-made trendline.
First of all, as the name says, a trendline is a line we draw to identify the ongoing trend.
Bullish? HH+HL
Bearish? LH+LL
"So how is your ideal trendline, mate?"
• 3 touches well distinct and separate where each touch is a shadow/wick, in this case a shitakage/lower shadow.
"What about 2 touches? No longer valid then?"
No, a trendline got a minimum of 2 touches, but personally I want to see 3 touches to strenghten it.
• An acute angle that goes from the first touch to the third one, forming, as in the chart, a 45° angle.
This helps to validate the trendline.
• A good amount of volume in the market, which is highly suggested to make the trendline even more valid.
- 𝐈𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐭:
Plenty of times I see people NOT including the wicks in drawing a trendline which is, in my opinion, a clear mistake because you will not be able to see the resistance level in which the price is pushed back down.
Additionally, It's a classic trick used by major influencers to farm engagement.
"Bitcoin is breaking out of the trendline!"
No, it is not, you just draw a bad trendline.
- 𝐄𝐱𝐭𝐫𝐚 𝐭𝐢𝐩:
Traditional knowledge teaches you to sell or buy the breakout of a trendline, but this isn't true.
While a break of a trendline invalidates a trend, 90% of the times the price make a jump back to retest that trendline and then it continues in the direction of the breakout.
- 𝐂𝐫𝐮𝐜𝐢𝐚𝐥:
The trendline doesn't have to fit your bias, otherwise, it becomes useless.
That's another mistake widely seen.
The trendline in fact, has to respect the trend and must be drawn using shadows, both for the uptrend and the downtrend.
The goal of a trendline should be to identify a trend, not a line.
Never forget that.
Congrats, now you're aware of how to draw a correct trendline and spot those who are just fitting their biases and farm engagement.
If you liked this post and found it useful, bookmark it for future reference and repost it to support my work.
It will be very appreciated.
Thank you for your time!
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