crypmike (OP)
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August 08, 2018, 12:29:48 PM |
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crypmike (OP)
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August 12, 2018, 09:24:45 AM |
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Jating
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August 12, 2018, 09:45:23 AM |
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Good share. There's still a lot of graphs that I need to really know and thanks to this cheat sheet. Although this is a bit overwhelming for a newbie trader, but we all should start somewhere so this is a good thing to look at. At least for beginners, they should understand a thing or two and know how to read graphs and progress as you gain some experience in your trading journey.
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BossRoss89
Newbie
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Activity: 18
Merit: 0
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August 12, 2018, 11:53:18 AM |
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This is just great! Thanks a lot! Very useful stuff!
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Harlot
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August 12, 2018, 12:02:33 PM |
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Let us not all forget that candlestick patterns as well as other trend reversal patterns always use volume as the confirmation of either the breakout/breakdown or downtrend/uptrend. Yes this patterns are useful and if you learn each one of them you can easily identify what pattern is forming but it won't be no good if you don't know how to read the volume, without it you are just simply hoping for that formation in itself will be confirming the price movement which it is not.
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Tytanowy Janusz
Legendary
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Activity: 2156
Merit: 1622
Top-tier crypto casino and sportsbook
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August 12, 2018, 12:24:48 PM Last edit: August 12, 2018, 12:36:05 PM by Tytanowy Janusz |
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You put lots of effort into this post and i appriciate this but i dont think that this knowledge is worth effort to learn. I think that looking at chart and thinking "who is buying here" "where will he put stoploss" "what would whale do in this situation" "how would he earn more - by longing or shorting this position" "this move helps to dump price or to sell as much without dumping" "how environment looks like" "where we are on the chart (top or bottom)". Looking at chart and answering those questions will help you to understand market and every pattern that will even appear. Learning patters will never help you understand how market works and why chart looks like that. You will also never understand why you fail so manny times fallowing those patters.
Price will reverse from support in 2 situations:
1-huge buyers will stop price with their orders and push it higher giving buy signal for buyers fallowing rule "i dont buy falling knifes" what will push price higher 2- sellers stoped selling close to support to dont break it because braking support will dump price few % down - no new buyers - only few TA lovers believing in streangth of support.
First situation is healthy and will push price higher, second will only push price a little and perhaps with another test support will be broken.
When you look only on patters you will never see in which situation we are.
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CanineDanny
Newbie
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Activity: 20
Merit: 0
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August 12, 2018, 12:57:06 PM |
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Wow! What a neat post! Thanks and happy trading!
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crypmike (OP)
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September 16, 2018, 05:37:49 PM |
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One more — and very important for risk-management
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vit05
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October 19, 2018, 11:22:43 PM |
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One more — and very important for risk-management This is, without doubt, the most difficult to see. Knowing that to recover a 50% loss I would need my assets to rise 100% just for the breaking even is too difficult to believe and sad. Getting the assets out of the exchanges is the right and safest. But when there are monstrous falls we have to accept almost irrecoverable losses.
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angel55
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March 05, 2019, 08:38:58 PM |
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Market cycles and chart patterns are useful but technoical analysis will only go so far in crypto. These markets are heavily manipulated and you never know when one of those early adopter whale will decide to dump his bags on everyone.
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crypmike (OP)
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March 05, 2019, 08:42:57 PM |
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Market cycles and chart patterns are useful but technoical analysis will only go so far in crypto. These markets are heavily manipulated and you never know when one of those early adopter whale will decide to dump his bags on everyone.
lol.. can you explain how ppl make money here if TA doesn't work?
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Hamphser
Sr. Member
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Activity: 2604
Merit: 339
Vave.com - Crypto Casino
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March 05, 2019, 09:08:44 PM |
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Market cycles and chart patterns are useful but technoical analysis will only go so far in crypto. These markets are heavily manipulated and you never know when one of those early adopter whale will decide to dump his bags on everyone.
lol.. can you explain how ppl make money here if TA doesn't work? TA here on crypto market might work or wont work it is just really the same if we do use up these tools on forex too but the difference with crypto market is that anytime it can break out technical analysis due to its characteristic where it do mostly reacts with news/fundamentals that's why sometimes I'm not basing my orders on TA's.
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hardinero007
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March 06, 2019, 01:04:39 AM |
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thanks for posting these trading cheat sheets. i never thought of using any of those before. i've been very noob when it comes to trading and usually loses my funds due to wrong decisions. i will start studying these sheets/charts and hopefully i will gain enough knowledge and start trading again.
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crypmike (OP)
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March 06, 2019, 05:42:26 AM |
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thanks for posting these trading cheat sheets. i never thought of using any of those before. i've been very noob when it comes to trading and usually loses my funds due to wrong decisions. i will start studying these sheets/charts and hopefully i will gain enough knowledge and start trading again.
Better to read books )
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malikusama
Copper Member
Sr. Member
Offline
Activity: 1050
Merit: 294
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March 06, 2019, 02:00:31 PM |
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Market cycles and chart patterns are useful but technoical analysis will only go so far in crypto. These markets are heavily manipulated and you never know when one of those early adopter whale will decide to dump his bags on everyone.
lol.. can you explain how ppl make money here if TA doesn't work? TA here on crypto market might work or wont work it is just really the same if we do use up these tools on forex too but the difference with crypto market is that anytime it can break out technical analysis due to its characteristic where it do mostly reacts with news/fundamentals that's why sometimes I'm not basing my orders on TA's. Don't expect 100% from technical analysis, according to my experience in trading by TA you are able to stay safe from loss and earn gradually. I find crypmike trading sheet collection useful and i think it will help beginners a lot.
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Jating
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March 06, 2019, 02:26:16 PM |
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Market cycles and chart patterns are useful but technoical analysis will only go so far in crypto. These markets are heavily manipulated and you never know when one of those early adopter whale will decide to dump his bags on everyone.
lol.. can you explain how ppl make money here if TA doesn't work? TA here on crypto market might work or wont work it is just really the same if we do use up these tools on forex too but the difference with crypto market is that anytime it can break out technical analysis due to its characteristic where it do mostly reacts with news/fundamentals that's why sometimes I'm not basing my orders on TA's. Don't expect 100% from technical analysis, according to my experience in trading by TA you are able to stay safe from loss and earn gradually. I find crypmike trading sheet collection useful and i think it will help beginners a lot. Exactly, that's why I merited this post a while back and I totally forget it as I wanted to go back and take a look. I agree that TA most of the time doesn't work but for me at least a good grasp of TA is not that bad and in the long run, it might help us out, just saying. I'm not going to book mark this so that I can go back and look at it whenever I want to because it's really useful for beginners and even mid level traders.
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palle11
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March 06, 2019, 02:38:04 PM |
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Market cycles and chart patterns are useful but technoical analysis will only go so far in crypto. These markets are heavily manipulated and you never know when one of those early adopter whale will decide to dump his bags on everyone.
lol.. can you explain how ppl make money here if TA doesn't work? TA here on crypto market might work or wont work it is just really the same if we do use up these tools on forex too but the difference with crypto market is that anytime it can break out technical analysis due to its characteristic where it do mostly reacts with news/fundamentals that's why sometimes I'm not basing my orders on TA's. I'm thinking both technical analysis in crypto trading and forex trading are the same based on the particular one found in a broker or exchange but maybe the forces or fundamentals that decide what happens to change the face of the market are what is different
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michellee
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March 07, 2019, 01:32:37 AM |
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Geez, it makes me confusing to see one by one But after all, it's a good lesson for every trader so we can know that there is a sign to detect the market and if we can learn deeper, we will find another information in the market. But doing analysis deeper for every pattern, it will improve our trading skills, and we could reach our goals in making the profit. Thank you very much.
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adamlillian
Member
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Activity: 459
Merit: 10
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March 07, 2019, 03:10:17 AM |
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I know that this is an article collected from many different data sources and they look great. But if money is easy to earn, people follow your signals, then who will be different to create bull run or bear? These are just some reference images for the evolution of the previous market. an investor needs to know how to respond to different ways of operating the market.
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binhvo1505
Member
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Activity: 728
Merit: 11
https://streamies.io/
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March 07, 2019, 03:33:54 AM |
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This is really a great article and it is invested a lot of time. thank you for this. But personally, I don't really want to apply these strategies in my real portfolio. These are just basic theories for people to better understand how the market works and it cannot give traders significant profits. We need to flexibly change in different stages and difficult situations. Stereotyped investment will be the worst I've ever known.
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