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Forwarded from ChartWatcher
I haven't watched the videos, but a trustworthy member of The Hideout said this was very much worth the time
Free, just need to give an email address so they can send you a login code.
https://krown-trading.teachable.com/courses/enrolled/2934952
Free, just need to give an email address so they can send you a login code.
https://krown-trading.teachable.com/courses/enrolled/2934952
BEFORE making an entry (PLAN your trade):
1: Identify stop loss level
2: Identify take profit levels
3: Confirm trade idea with technical indicators (MA, RSI, Bollinger Bands, Fibonacci, clear patterns)
AFTER making an entry (TRADE your plan):
1: Do nothing. Your trade is correct or incorrect, the only reason to check trade at this point is if you plan to take profit along the way outside of planned TP levels.
1: Identify stop loss level
2: Identify take profit levels
3: Confirm trade idea with technical indicators (MA, RSI, Bollinger Bands, Fibonacci, clear patterns)
AFTER making an entry (TRADE your plan):
1: Do nothing. Your trade is correct or incorrect, the only reason to check trade at this point is if you plan to take profit along the way outside of planned TP levels.
BOLLINGER BANDS
Bollinger Bands are a technical analysis tool that shows the volatility of an asset and potential overbought or oversold conditions by plotting two standard deviations away from a simple moving average.
When a coin’s price is close to the upper Bollinger Band, it might be overbought; if it's near the lower band, it might be oversold, signaling potential trading opportunities.
Bollinger Bands work best as a secondary indicator, providing confirmation when used alongside other tools like relative strength index (RSI) and moving average convergence divergence (MACD).
Widening bands indicate rising market volatility and may precede significant price moves, while narrowing bands suggest decreasing volatility and a possible impending breakout.
Bollinger Bands are a technical analysis tool that shows the volatility of an asset and potential overbought or oversold conditions by plotting two standard deviations away from a simple moving average.
When a coin’s price is close to the upper Bollinger Band, it might be overbought; if it's near the lower band, it might be oversold, signaling potential trading opportunities.
Bollinger Bands work best as a secondary indicator, providing confirmation when used alongside other tools like relative strength index (RSI) and moving average convergence divergence (MACD).
Widening bands indicate rising market volatility and may precede significant price moves, while narrowing bands suggest decreasing volatility and a possible impending breakout.
Why pay attention to BTC if I’m only interested in ALTs? 🤔
Pearson Coefficient explained
👇👇
https://www.investopedia.com/terms/p/pearsoncoefficient.asp
Pearson Coefficient explained
👇👇
https://www.investopedia.com/terms/p/pearsoncoefficient.asp
Tips for trading memecoins
👇👇
Ride the Hype Cycle: Monitor social media channels (X, Discord, Telegram) to identify trending tokens before they go viral.
Scale In/Out: Instead of buying all at once, consider buying in smaller amounts to manage entry prices.
Take Profits: Take out your initial investment when a coin doubles (2x), and let the rest ("moon bag") ride, as many meme coins are highly volatile and can crash rapidly.
Use Burner Wallets: Do not use your main storage wallet for daily meme coin trading. Use a separate "burner" wallet to minimize risk if you connect to a malicious site.
👇👇
Ride the Hype Cycle: Monitor social media channels (X, Discord, Telegram) to identify trending tokens before they go viral.
Scale In/Out: Instead of buying all at once, consider buying in smaller amounts to manage entry prices.
Take Profits: Take out your initial investment when a coin doubles (2x), and let the rest ("moon bag") ride, as many meme coins are highly volatile and can crash rapidly.
Use Burner Wallets: Do not use your main storage wallet for daily meme coin trading. Use a separate "burner" wallet to minimize risk if you connect to a malicious site.