Trade support and resistance and not complicated terms..

[Hatchy]

If you have a deep and broad understanding of trading, especially the indicators that are also used in actual trading activity, I think that support and resistance can be easily used from another angle. But you must have another strategy to combine with that so that the chances of you getting a profit from trading will be high.

Because if you are not deep and broad in trading in this field of crypto business, then I can say that it is not easy to use support and resistance as a basis for you
to get earnings in crypto trading.

Definitely what op should know about. Trading alone using the support and resistance zones, takes enough experience and probably the market just moves in your favor. Every trading strategy most works best using other confluence to confirm your entry method. He shouldn't always believe what you see on social media. Like a guy on YouTube I usually come across claiming he flips $1 to more than $1k in few minutes. Sometimes these videos are just edited to make their audience pay for classes. Just try your best to study alot of techniques required on trading buyt then study the relevant ones.

[Cryptosmart]

I just saw a post on Twitter where someone turned $100 to $1m trading only S&R, H&S and basic chart patterns. Come to think of it, isn't that better than trading complicated ICT/SMT concept's cos I see it as almost the same..I believe I'll be going back to the basics where the noise are less. What do you think traders..

You choose what suits you yourself.
The main thing is whether it brings profit and enjoyment to you.
 

I guess that answers it ahaha..

[Cryptosmart]

Converting $100 to a million dollars in a short period of time can only be done by being very lucky or a fraud, so do not try to be greedy or imitate such fraudsters, start and learn and know that 10% gains are worth celebrating, otherwise hodling bitcoin is the easiest solution.

Yeah, I was searching for the story to see what the deal was and stumbled upon the story:

So a guy was able to make 1 million in 15 days but he is selling courses and trade signals, just a search on his name and he's a total scammer.

This isn't the one..I'll check on Twitter to see if I can spot it again.. the guy documented everything

[TomPluz]

Yeah, I was searching for the story to see what the deal was...so a guy was able to make 1 million in 15 days but he is selling courses and trade signals, just a search on his name and he's a total scammer.

Well, thanks for digging in and finding out what can be the truth of the matter. I am sure he is using the million-dollar narrative to lure in buyers for his courses and trade signals which can a lot easier to make money from compared to trading as people can easily be fooled in the name of greed. The man must be selling dreamed lifestyles and he is feeding his business with what can be...and of course you need to buy into his world to be a part of it. He must be a very good salesman rather than a trader...because most of the successful traders I know don't bother to investing a lot of time marketing their courses. Now, of course, I am giving this a benefit of the doubt so I am open to know real people who enter his program to see how is the experience and if they are already now also rich.

[bitterguy28]

I just saw a post on Twitter where someone turned $100 to $1m trading only S&R, H&S and basic chart patterns. Come to think of it, isn't that better than trading complicated ICT/SMT concept's cos I see it as almost the same..I believe I'll be going back to the basics where the noise are less. What do you think traders..

well for some people other methods/tools of trading is a lot helpful and can make them make better trading decisions i thought we had already established that not one trading method suits all traders? if you think that one method is a lot better and you are more comfortable doing said method then by all means do that but objectively there really is no ‘better’ method and can only depend on yourself

[LogitechMouse]

I just saw a post on Twitter where someone turned $100 to $1m trading only S&R, H&S and basic chart patterns. Come to think of it, isn't that better than trading complicated ICT/SMT concept's cos I see it as almost the same..I believe I'll be going back to the basics where the noise are less. What do you think traders..

Well, I'm partly agreeing with what you saw on Twitter, and I have an experience myself.
Currently, I'm back into trading (with just a small amount), and I'm only using 2 indicators in all of my trades. RSI and SMMA only, nothing more, nothing less.

Forget all of those colored lines out there, and just focus on 1 or 2 indicators. Well, it works for me, and different traders have different strategies. Maybe for the one that you saw on Twitter, that's the one that works for him. As for myself, I'm only using 2 indicators, and it works for me although I don't know if it will be sustainable in the long run of course.

[dave_strider]

I just saw a post on Twitter where someone turned $100 to $1m trading only S&R, H&S and basic chart patterns. Come to think of it, isn't that better than trading complicated ICT/SMT concept's cos I see it as almost the same..I believe I'll be going back to the basics where the noise are less. What do you think traders..

Well, I'm partly agreeing with what you saw on Twitter, and I have an experience myself.
Currently, I'm back into trading (with just a small amount), and I'm only using 2 indicators in all of my trades. RSI and SMMA only, nothing more, nothing less.

Forget all of those colored lines out there, and just focus on 1 or 2 indicators. Well, it works for me, and different traders have different strategies. Maybe for the one that you saw on Twitter, that's the one that works for him. As for myself, I'm only using 2 indicators, and it works for me although I don't know if it will be sustainable in the long run of course.

Did you learn to use these two markers by yourself, or you were taught by somebody in the long run?

[doc]

I just saw a post on Twitter where someone turned $100 to $1m trading only S&R, H&S and basic chart patterns. Come to think of it, isn't that better than trading complicated ICT/SMT concept's cos I see it as almost the same..I believe I'll be going back to the basics where the noise are less. What do you think traders..

well for some people other methods/tools of trading is a lot helpful and can make them make better trading decisions i thought we had already established that not one trading method suits all traders? if you think that one method is a lot better and you are more comfortable doing said method then by all means do that but objectively there really is no ‘better’ method and can only depend on yourself

My suggestion is that we should trade based on our own analysis and strategy, do not use bots or other tools.
because trading manually makes our analysis and intuition run well and can add experience.
I have been trading for more than 5 years and have never used bots or followed other people's signals.

[pieppiep]

I just saw a post on Twitter where someone turned $100 to $1m trading only S&R, H&S and basic chart patterns. Come to think of it, isn't that better than trading complicated ICT/SMT concept's cos I see it as almost the same..I believe I'll be going back to the basics where the noise are less. What do you think traders..

well for some people other methods/tools of trading is a lot helpful and can make them make better trading decisions i thought we had already established that not one trading method suits all traders? if you think that one method is a lot better and you are more comfortable doing said method then by all means do that but objectively there really is no ‘better’ method and can only depend on yourself

My suggestion is that we should trade based on our own analysis and strategy, do not use bots or other tools.
because trading manually makes our analysis and intuition run well and can add experience.
I have been trading for more than 5 years and have never used bots or followed other people's signals.

Well, A large number of decisions in crypto trading based own analysis and own strategies allows receiving complete control over everything and building a more powerful and sensitive timing of the market without using bots and signals from other people. Using monitoring and analysis on a manual basis, we are able to enhance our awareness of the dynamism in the market to be able to embrace flexible risk management and necessary decision making. Moreover, it has a positive ‘cash’ effect, where each purchased/sold item becomes a case study, which adds to our knowledge base and builds character for fighting out market problems.

[royalRitta]

I just saw a post on Twitter where someone turned $100 to $1m trading only S&R, H&S and basic chart patterns. Come to think of it, isn't that better than trading complicated ICT/SMT concept's cos I see it as almost the same..I believe I'll be going back to the basics where the noise are less. What do you think traders..

well for some people other methods/tools of trading is a lot helpful and can make them make better trading decisions i thought we had already established that not one trading method suits all traders? if you think that one method is a lot better and you are more comfortable doing said method then by all means do that but objectively there really is no ‘better’ method and can only depend on yourself

My suggestion is that we should trade based on our own analysis and strategy, do not use bots or other tools.
because trading manually makes our analysis and intuition run well and can add experience.
I have been trading for more than 5 years and have never used bots or followed other people's signals.

They may be beneficial, but not in the long run.
Just as the advisors of sorts, but not the decision-makers.

[21Pilots]

I just saw a post on Twitter where someone turned $100 to $1m trading only S&R, H&S and basic chart patterns. Come to think of it, isn't that better than trading complicated ICT/SMT concept's cos I see it as almost the same..I believe I'll be going back to the basics where the noise are less. What do you think traders..

Well, I'm partly agreeing with what you saw on Twitter, and I have an experience myself.
Currently, I'm back into trading (with just a small amount), and I'm only using 2 indicators in all of my trades. RSI and SMMA only, nothing more, nothing less.

Forget all of those colored lines out there, and just focus on 1 or 2 indicators. Well, it works for me, and different traders have different strategies. Maybe for the one that you saw on Twitter, that's the one that works for him. As for myself, I'm only using 2 indicators, and it works for me although I don't know if it will be sustainable in the long run of course.

Everyone has a way and approach he feels comfortable with, and sometimes the fewer indicators mean increased performance. A number of indicators including RSI and SMMA can give us positive outcomes without getting too complicated.

The obtained result at the present time is more than satisfactory, however we should not lose sight of the fact that in the future the indices might demonstrate other characteristics. Not being rigid and ready for probable changes is very crucial in trading.

[Asiska02]

I just saw a post on Twitter where someone turned $100 to $1m trading only S&R, H&S and basic chart patterns. Come to think of it, isn't that better than trading complicated ICT/SMT concept's cos I see it as almost the same..I believe I'll be going back to the basics where the noise are less. What do you think traders..

It doesn’t matter the one you see people trading. Everyone goes for the one that works best for them. You don’t need to be looking out at every method before you’ll become a profitable trader. Focus on one, work on yourself to perfect that strategy and then work yourself through it to see yourself achieving greatness in trading. It is not easy whichever method you want to use to trade the market, what is more important is you understanding the strategy, then using that strategy for your trades and works for you very well. The trading market will continue to be complicated unless you unleash one strategy and work yourself on it to make it better.

[malah]

It doesn’t matter the one you see people trading. Everyone goes for the one that works best for them. You don’t need to be looking out at every method before you’ll become a profitable trader. Focus on one, work on yourself to perfect that strategy and then work yourself through it to see yourself achieving greatness in trading. It is not easy whichever method you want to use to trade the market, what is more important is you understanding the strategy, then using that strategy for your trades and works for you very well. The trading market will continue to be complicated unless you unleash one strategy and work yourself on it to make it better.

Each trader has their way of doing things, and the key thing here is to ensure that one selects a method that they feel is best for them in trading. It is not necessary to attempt all the methods which are at our disposal; what’s needed is to concentrate in a particular method, demist itself and then make it stronger.

Once we have grasped the strategy effectively then we can extend applying it all the time to the achievement of the set objectives. Market is competitive in any case, but one should stay on one concept for long to see serious results and build up confidence in trading.

[Faisal2202]

I just saw a post on Twitter where someone turned $100 to $1m trading only S&R, H&S and basic chart patterns. Come to think of it, isn't that better than trading complicated ICT/SMT concept's cos I see it as almost the same..I believe I'll be going back to the basics where the noise are less. What do you think traders..

Not a regular day trader but till now I have used these basic indicators to take short term and long term trades and even when I have to make a prediction about market's next move I use S&R which is really effective.

Extra layers of data and indicators make things more complex but still they are more effective in results so don't be drawn towards it just because someone turned $100 into $1 Million as that's only possible if the person is trading in Meme coins as I don't see any ALTs making that much gains in short period of time.

I have seen a lot of similar trades and till now don't come to understand if this is real or fake.

[enwi]

I just saw a post on Twitter where someone turned $100 to $1m trading only S&R, H&S and basic chart patterns. Come to think of it, isn't that better than trading complicated ICT/SMT concept's cos I see it as almost the same..I believe I'll be going back to the basics where the noise are less. What do you think traders..

Not a regular day trader but till now I have used these basic indicators to take short term and long term trades and even when I have to make a prediction about market's next move I use S&R which is really effective.

Extra layers of data and indicators make things more complex but still they are more effective in results so don't be drawn towards it just because someone turned $100 into $1 Million as that's only possible if the person is trading in Meme coins as I don't see any ALTs making that much gains in short period of time.

I have seen a lot of similar trades and till now don't come to understand if this is real or fake.

By using basic indicators and relying on support and resistance we have been provided with a good market direction map. On this basis, it becomes possible to make more accurate actions in both the short period as well as in the long term of trading. Other data and indicators may make the process more complicated but in principle, using more data the process gives more accurate results and does not get influenced by gross estimations which are far from being real in most cases.

There are fables of incredible gains originating with risky coins, but practice proves that pro-fits derived from less risky coins are more stable. In this manner we pay more attention on more on the balance and diversity of portfolios, eradiculating the impacts of short term issues and relying on more analytical approaches.