Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: cryptothief on August 29, 2018, 05:20:54 PM
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Picking out resistance points is a key part of trading, and ensuring you select the right ones is essential. First you need to determine whether the market is in a bearish or bullish trend, so you're looking for a 3 point move. A bull move will generally start with an upward trajectory, followed by a correction and then a move up to a new high, whereas a bear trend should start with a drop, followed by an attempted recovery, and followed by a drop below the previous resistance. These will then indicate your buy zones to either long or short the currency. An added confirmation will be the price action above the 200 day Moving Average for the bull trend, and below for the bear trend. Just a simple analysis to help plan future trades.
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Your post is not a call to action. There are many indicators and oscillators, the results of which should be taken into account in the complex.One indicator or candlestick analysis cannot tell where the market will start moving.
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Your post is not a call to action. There are many indicators and oscillators, the results of which should be taken into account in the complex.One indicator or candlestick analysis cannot tell where the market will start moving.
Not sure what you're saying? Who's talking about a 'call to action'? Of course there are many more factors to consider, this is just a starting point to pinpoint areas to consider. Looking forward to your in-depth analysis.
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Thank you OP, I will apply your tips to improve my trading skills as I see resistance points is also important in making trading analysis.
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Crypto traders have several tools to assess the cryptocurrency market but getting tips from the forum really help.
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I look at the technical analysis and even more doubt its effectiveness in the crypto market. None of my events have come true.Blame the bad news!