Traders For People

[CryptoSpaceGroup]

In my opinion, if you have enough of the knowledge and awareness regarding the things and that you think that you can do well in trading, then you need to do it for yourself other than that of doing it for others. This won’t help you in making of enough of the earning and that you will only be putting so many efforts to earn a huge money and that too for someone else. You need to do it for yourself.

Thank you for this !

I did for myself enough, so why not do it for people now

[andred]

Here we go:

In the world of day trading, your ability to read charts is one of your greatest survival tools. Being able to understand the significance of price action can help you better understand how price will move in the future. To put it simply, historical price action helps us predict future price action. Of course, it’s important to note that we can never predict price action with 100% certainty. For that reason, we can use a combination of pattern recognition and risk management to place trades with higher probabilities of profitability.


Trend Lines

Trend lines can be used to analyze the trend for a specific time frame. If price is setting higher lows and higher highs, it is experiencing an uptrend. If price is setting lower lows and lower highs, it is experiencing a downtrend.

It’s very important to focus on trend lines that are relevant to your timeframe. For example, if you plan on holding  for a week, you want to focus on a shorter term time frame (such as an 4h/6h chart). These trend lines can be used to gauge momentum. They can also be used as levels of support and resistance.




Support/Resistance

Support and resistance levels are very insightful risk analysis tools. A support level is a price level at which buyers historically overpowered sellers, and a resistance level is a price level at which sellers historically overpowered sellers. You can find support/resistance levels at static price points or by using trend lines.




Moving Averages

Moving averages are technical indicators used to smooth out price action. A moving average is simply an average of closing prices for a certain period. For example, a 200-day simple moving average on a daily chart would be the average of the past 200 closing prices. These moving averages can be used on charts from any timeframe (i.e. intraday, hourly, daily, weekly, etc). You may also use exponential moving averages (EMAs), which assign more weight to recent price action.

There is no perfect set of moving averages. Your goal is to use moving averages that help you make smarter trading decisions. You also want to be consistent with your analysis. For example, if you always use the 50-EMA on an hourly chart, stick with that approach. Moving averages are used to help you make smarter trading decisions NOT to validate your ideas.




Gearing/Perking (ABCD chart pattern)

Gearing and perking behavior can allude to a change in momentum.



The price runs up, reaches a level of equilibrium, comes back down and reaches another level of equilibrium. After that happens, the price starts to perk a bit off it's (current time frame) low, which may foreshadow an upcoming breakout. You can also use the previous equilibrium level (support) as a set risk level. Here's how this looks when using the ABCD pattern.



ABCD pattern is one of the best chart patterns for new traders to focus on.

Buy Dips/Long Trades

Buying dips is a way of minimizing risk when you are anticipating a certain move. Essentially, you are buying into weakness and selling into strength, meaning you will get better fills when anticipating a move.



For example, let’s say you are expecting price to breakout. You have the option to buy the breakout once it is confirmed OR you can start building a position in anticipation of the breakout. The latter option lowers your risk and increases your upside potential.
Accounting for risk is an important part of this anticipation process. You should always know how much you expect to gain if the trade goes in your favor vs. how much you could lose if the trade goes against you.


Double and Triple Bottoms/Long Trades

While price can theoretically drop forever, it will generally find short-term bottoms along its descent. These bottoms can be used to predict a short-term trend reversal, also known as a bounce.



When price double or triple bottoms, it sets a support level and re-tests that level once or twice. If the support level holds, we can use it to gauge risk for a trade. At this point, we’d be interested in seeing the price break a downtrend line or break above current time frame resistance for a nice short-term reversal play.

I think for the first part(for beginning) it's enough.
Later (i will try ASAP), i'll make a second part.

I think it's will be a pretty helpful for beginners, keep doing it.
Success !

[cryptokath19]

Thats great for having a crypto trading advice or tips and this will help much for everyone especially the newbies or a beginners people. Honestly, Im not a good trader but everytime Im doing trade, Im just analyzing on my own  about the chart whether the value is going up or down.

[solarion]

Thats great for having a crypto trading advice or tips and this will help much for everyone especially the newbies or a beginners people. Honestly, Im not a good trader but everytime Im doing trade, Im just analyzing on my own  about the chart whether the value is going up or down.

Some other strategy will not work for you better. I suggest you have your own tactics while you are investing on any coins that is actually you can see loose and profit together while invest on trading platform.
With the trading account you may able to exchange the listed tokens and coins you want to exchange for the bitcoin.
However since look that idea for traders really seems good advice for newbies.