Trade support and resistance and not complicated terms..

[Faisal2202]

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.

I have to say you have a good manner to convey the message with some nice words.

And I can't agree more with you as these are not fables anymore, people are making extraordinary profits from their trades in Memecoins and I am just stunned at how they can make 1000x even and who is feeding them this knowledge. I never traded meme coin but once when I had to swap my ETH into a meme coin (mistakenly) as the TX fee was low but it cost me more as when they got swapped the meme coin was too volatile that it was causing me $2 to $7 loss in just matter of seconds that was my fist time experiencing something that volatile.

[gunhell16]

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..

The question there op, do you know the basic reading or knowledge there? if you know it's good if that's the case, resistance and support are often the basis for when there will be a breakout or fake or break out or reversal.

Because most of the time, once the resistance is broken, it becomes the new support, and once the support is broken, that becomes the resistance. But I doubt through this you can get 1M$ in a short period of time, unless you are a whale investors, just in my opinion and assessment.

[Crwth]

Hmm. This is a tricky thing to do, but it's doable. I think it can be done, but it must be done with essential management. I like the idea of having simple strategies and sticking to basics. It could yield better results if you know how to use them. It will differ in different market conditions, but it could be effective. I believe each has its approach to trading. We could learn continuously and adapt to the market if needed.

[enwi]

Hmm. This is a tricky thing to do, but it's doable. I think it can be done, but it must be done with essential management. I like the idea of having simple strategies and sticking to basics. It could yield better results if you know how to use them. It will differ in different market conditions, but it could be effective. I believe each has its approach to trading. We could learn continuously and adapt to the market if needed.

With this kind of thinking we are able to judge logically even in case some pretty comprehensive event happens in the market – and we stick with the fundamentals. On the same note, when properly managed this sort of strategy has the capacity of providing consistent output regardless the status of matter. Of course, all these market conditions do have their arenas and requirements and that is agility, entailing. The improvement to have different results are available whenever and wherever we want and may proceed with more confidence whenever the changes are learned from.

Also, the readiness to learn, similar to that of a trader who is still willing to experience different things in life is important on the market. In this direction, the additional improvement of strategies contributes to obtaining the maximum result in the possible conditions.

[legend45]

Hmm. This is a tricky thing to do, but it's doable. I think it can be done, but it must be done with essential management. I like the idea of having simple strategies and sticking to basics. It could yield better results if you know how to use them. It will differ in different market conditions, but it could be effective. I believe each has its approach to trading. We could learn continuously and adapt to the market if needed.

You are right in doing our trading we have our own approach and strategy, because it is adjusted to the ability and confidence in running trading. Everyone's strategy is different even though the basic knowledge and trading analysis are the same, both fundamental and technical analysis.
I also sometimes do improvs from the strategy that I do when getting results that are not optimal.

[lombok]

Hmm. This is a tricky thing to do, but it's doable. I think it can be done, but it must be done with essential management. I like the idea of having simple strategies and sticking to basics. It could yield better results if you know how to use them. It will differ in different market conditions, but it could be effective. I believe each has its approach to trading. We could learn continuously and adapt to the market if needed.

You are right in doing our trading we have our own approach and strategy, because it is adjusted to the ability and confidence in running trading. Everyone's strategy is different even though the basic knowledge and trading analysis are the same, both fundamental and technical analysis.
I also sometimes do improvs from the strategy that I do when getting results that are not optimal.

However, everyone has his own splendid technique which is chosen for him according to his own potential and believe. Even beginning here from the same fundamental and technical analysis knowledge, the application is frequently different and inclined to reflect one’s character and strategies when approaching the market.

Failing to achieve set goals also helps in choosing a new approach when engaging in trade is also a mostrar de importante flexibilidad en trade. This is because, through constant experience in the move and change in approach depending on the outcomes and conditions of the market we will be able to exploit opportunities more effectively the more so as we master skills from real encounters in the practice domain.

[gunhell16]

Hmm. This is a tricky thing to do, but it's doable. I think it can be done, but it must be done with essential management. I like the idea of having simple strategies and sticking to basics. It could yield better results if you know how to use them. It will differ in different market conditions, but it could be effective. I believe each has its approach to trading. We could learn continuously and adapt to the market if needed.

You are right in doing our trading we have our own approach and strategy, because it is adjusted to the ability and confidence in running trading. Everyone's strategy is different even though the basic knowledge and trading analysis are the same, both fundamental and technical analysis.
I also sometimes do improvs from the strategy that I do when getting results that are not optimal.

However, everyone has his own splendid technique which is chosen for him according to his own potential and believe. Even beginning here from the same fundamental and technical analysis knowledge, the application is frequently different and inclined to reflect one’s character and strategies when approaching the market.

Failing to achieve set goals also helps in choosing a new approach when engaging in trade is also a mostrar de importante flexibilidad en trade. This is because, through constant experience in the move and change in approach depending on the outcomes and conditions of the market we will be able to exploit opportunities more effectively the more so as we master skills from real encounters in the practice domain.

Well, you are right on that point that you are making, dude. The other good traders here in the crypto field are only looking at support and resistance; they know when and where to put long and short positions so that they can get a profit.

It seems that these traders look at the price action using support and resistance only, which is also a good method so that there is no hassle on the part of a trader.

[nakmantu99]

Well, you are right on that point that you are making, dude. The other good traders here in the crypto field are only looking at support and resistance; they know when and where to put long and short positions so that they can get a profit.

It seems that these traders look at the price action using support and resistance only, which is also a good method so that there is no hassle on the part of a trader.

if currently I see the market is good and we can do trading to the maximum. I also use support and resistance, but in trading I always see market conditions. because I am not a professional trader and only when the market is good I trade to take a little consistent profit.

[enwi]

Well, you are right on that point that you are making, dude. The other good traders here in the crypto field are only looking at support and resistance; they know when and where to put long and short positions so that they can get a profit.

It seems that these traders look at the price action using support and resistance only, which is also a good method so that there is no hassle on the part of a trader.

if currently I see the market is good and we can do trading to the maximum. I also use support and resistance, but in trading I always see market conditions. because I am not a professional trader and only when the market is good I trade to take a little consistent profit.

I understand why it is possible to trade when the market is good to get an opportunity of making profits but I realized that this means of trading has one disadvantage whereby the market may change at some odd time. Using support and resistance itself is fine, but it is always helpful to know about movements that can go beyond expectations. Again, while it aims at achieving minor profits on a continuous basis, entering the market only when there is a smooth pattern distorts profit making since other good patterns may have emerged and we are idle or rush to make the trade when the pattern changes.

[gunhell16]

Well, you are right on that point that you are making, dude. The other good traders here in the crypto field are only looking at support and resistance; they know when and where to put long and short positions so that they can get a profit.

It seems that these traders look at the price action using support and resistance only, which is also a good method so that there is no hassle on the part of a trader.

if currently I see the market is good and we can do trading to the maximum. I also use support and resistance, but in trading I always see market conditions. because I am not a professional trader and only when the market is good I trade to take a little consistent profit.

I understand why it is possible to trade when the market is good to get an opportunity of making profits but I realized that this means of trading has one disadvantage whereby the market may change at some odd time. Using support and resistance itself is fine, but it is always helpful to know about movements that can go beyond expectations. Again, while it aims at achieving minor profits on a continuous basis, entering the market only when there is a smooth pattern distorts profit making since other good patterns may have emerged and we are idle or rush to make the trade when the pattern changes.

Yes, you are right there too dude, as long as what is important to us as traders is that we ourselves should not lose confidence in what we do. Because if we only use support and resistance, we can immediately determine where the trend of the coin price we are monitoring will be.

As long as you know where to enter a position, either long or short-position, that's what's important, and then you must be able to determine where there will be a breakout and when that happens, of course you know the step to take there .

[densus88]

Yes, you are right there too dude, as long as what is important to us as traders is that we ourselves should not lose confidence in what we do. Because if we only use support and resistance, we can immediately determine where the trend of the coin price we are monitoring will be.

As long as you know where to enter a position, either long or short-position, that's what's important, and then you must be able to determine where there will be a breakout and when that happens, of course you know the step to take there .

In trading, it takes skill in strategizing and taking the best position, we can choose long or short. It all depends on our plan and ability to make analysis and predictions.
I agree with you, we must always be confident in trading, but it must be done with a clear mind, using support and resistance to determine which direction the price trend of the coin we are monitoring must be done with good analysis. because sometimes I am wrong too.

[Rruchi man]

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..

The strategy of trading Support and Resistance and taking note of trend lines is price action strategy. If you have a good understanding of Price action, there will not be any need to try ICT or SMT which are names of other trading strategy which will also give you success if you are able to really understand it.

Any trading strategy that you are able to learn properly will give you success.

[Blaze]

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..

The strategy of trading Support and Resistance and taking note of trend lines is price action strategy. If you have a good understanding of Price action, there will not be any need to try ICT or SMT which are names of other trading strategy which will also give you success if you are able to really understand it.

Any trading strategy that you are able to learn properly will give you success.

I agree that having good knowledge of Support and Resistance strategies and trend lines is sufficient to trading successfully. No matter the strategy that we select, the main asset is our capability to learn it thoroughly and apply it correctly. This means that if we follow the basics of concept appreciation and mastery of concepts, any strategy that is in place will be the right tool towards the wanted end.

[Bobcrypto]

If the amount is $10,000, $50,000, or $100,000, we can believe that you can turn it into a million dollars, but $100, this is almost impossible, and whoever convinces you that you can easily achieve such profits from trading, everyone has become a trader. 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.

I am also in doubt about the turning of $100 into millions of dollars within a short time. For me, it is not possible except he is into gambling or soccer betting.
There is nothing Like luck in trading Cryptocurrency, it is done with high knowledge and experience or nothing. Trading with $100 to make millions of daller might have happened on a crypto gambling sites in my opinion.
However, Holding Bitcoin for a long time would have been possible with $100 and probably for a 10 years period.

[emmybd]

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..

Knowing the basic technical analysis is very important in trading. It will help you to be successful in the long-run.