The secret to trading is in this post, and this post will be hidden away in the middle of nowhere. Please bookmark it, share it, and like it.
Data is king and exchanges own the data, understand this statement fully.
These are phrases you have to etch into your subconscious:
Trading is the same as gambling and any trade is just a bet.
Bet only when the odds are in your favor.
Your exchange controls both supply and demand.
Now, when you place a trade you are making a bet and as millions of you place the same bet at about the same place, exchanges have that data stored, and in order to win the bet, they can manipulate supply or demand to their favor. So how can you make a winning trade? Is it even possible? The short answer is 100% yes.
The key in trading is not trading against your exchange or just to trade for the sake of it but to look at the chart (volume and price action more specifically) and when you see your exchange getting ready to screw over a lot of traders you then set your trade to match the exchanges intentions. You can not surf against the wave, you have to become part of the wave in order to win. Learn to read charts and you will see these bad intentions developing over time and you’ll know in which direction the market will break. Low-risk high-yield opportunities do not happen daily, they happen over a long period of time as traders place their trades and the door opens for the exchanges to make massive profits. Your exchange is not neutral, your exchange is looking to make money by closing shorts or longs for a profit, they are in business to buy low during fear and sell high during greed. Most analysts chart so they know when to place a trade, I chart so I know what exchanges are intending to do and trade accordingly. You can make a lot of money, but trust me, it's a slow process.
What is happening right now? Bitcoin is being pulled to what is an ideal pull-back area. The odds of going there have been very good for a few weeks now. How do you cash in on that? You wait until BTC gets there and you buy at that point ONLY WHEN IT GETS THERE. as you can see we have been there once already on January, the 24th, and I used that opportunity to buy alts. If we go there again I will load up some more. Also, it is very likely that Bitcoin will enter a months-long range before moving up. We will continue to keep an eye on this chart as opportunities develop.
Follow me for more.
Once again don't forget to hit the like button.
Data is king and exchanges own the data, understand this statement fully.
These are phrases you have to etch into your subconscious:
Trading is the same as gambling and any trade is just a bet.
Bet only when the odds are in your favor.
Your exchange controls both supply and demand.
Now, when you place a trade you are making a bet and as millions of you place the same bet at about the same place, exchanges have that data stored, and in order to win the bet, they can manipulate supply or demand to their favor. So how can you make a winning trade? Is it even possible? The short answer is 100% yes.
The key in trading is not trading against your exchange or just to trade for the sake of it but to look at the chart (volume and price action more specifically) and when you see your exchange getting ready to screw over a lot of traders you then set your trade to match the exchanges intentions. You can not surf against the wave, you have to become part of the wave in order to win. Learn to read charts and you will see these bad intentions developing over time and you’ll know in which direction the market will break. Low-risk high-yield opportunities do not happen daily, they happen over a long period of time as traders place their trades and the door opens for the exchanges to make massive profits. Your exchange is not neutral, your exchange is looking to make money by closing shorts or longs for a profit, they are in business to buy low during fear and sell high during greed. Most analysts chart so they know when to place a trade, I chart so I know what exchanges are intending to do and trade accordingly. You can make a lot of money, but trust me, it's a slow process.
What is happening right now? Bitcoin is being pulled to what is an ideal pull-back area. The odds of going there have been very good for a few weeks now. How do you cash in on that? You wait until BTC gets there and you buy at that point ONLY WHEN IT GETS THERE. as you can see we have been there once already on January, the 24th, and I used that opportunity to buy alts. If we go there again I will load up some more. Also, it is very likely that Bitcoin will enter a months-long range before moving up. We will continue to keep an eye on this chart as opportunities develop.
Follow me for more.
Once again don't forget to hit the like button.
Kommentera:
This chart has aged extremely well. We are now at an ideal buying place for Alts and BTC, BUT do not spend all of your capital now. Wait in case we go lower, if we do buy more and if we go up buy on the first dip.
Kommentera:
