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 coinβs 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 coinβs 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 Iβm only interested in ALTs? π€
Pearson Coefficient explained
ππ
https://www.investopedia.com/terms/p/pearsoncoefficient.asp
Pearson Coefficient explained
ππ
https://www.investopedia.com/terms/p/pearsoncoefficient.asp
Tips for trading memecoins
ππ
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.
ππ
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.
What is an Automated Market Maker (AMM)?
πoriginal X post from which this post was created: https://x.com/Poppastonks/status/2036789161005289779?s=20
An AMM is a system that lets traders swap tokens without an order book. Instead of matching buyers and sellers, the AMM uses a mathematical formula to determine price.
The most famous formula is the Constant Product Model used by Uniswap v2:
It determines:
β’ price
β’ slippage
β’ how liquidity moves
β’ how Liquidity Providers earn fees
β’ how Liquidity Providers take risk
The AMM curve is not just math β itβs the shape of liquidity.
β’ When liquidity is spread across the entire curve β trades move price more.
β’ When liquidity is concentrated β trades move price less.
This is why Uniswap v3 changed everything:
Liquidity Providers could choose where on the curve they wanted to provide liquidity. Instead of being passive, Liquidity Providers became rangeβbound market makers.
Why concentrated liquidity matters:
In v2, your liquidity sits everywhere β even where price will never go.
In v3/v4, you choose a range.
Example:
β’ ETH is $3,000
β’ You provide liquidity from $2,800 to $3,200
Now:
β’ You earn more fees
β’ Your capital is used more efficiently
β’ You take on directional risk if price leaves your range
This is the foundation of every advanced LP strategy. The hidden truth: AMMs are predictable. AMMs arenβt random; theyβre deterministic.
If you know:
β’ the curve
β’ the liquidity distribution
β’ the volatility
β’ the fee tier
β¦you can predict how your position will behave.
This is why Liquidity Providers who understand the math consistently outperform those who βset and forget.β
πoriginal X post from which this post was created: https://x.com/Poppastonks/status/2036789161005289779?s=20
An AMM is a system that lets traders swap tokens without an order book. Instead of matching buyers and sellers, the AMM uses a mathematical formula to determine price.
The most famous formula is the Constant Product Model used by Uniswap v2:
It determines:
β’ price
β’ slippage
β’ how liquidity moves
β’ how Liquidity Providers earn fees
β’ how Liquidity Providers take risk
The AMM curve is not just math β itβs the shape of liquidity.
β’ When liquidity is spread across the entire curve β trades move price more.
β’ When liquidity is concentrated β trades move price less.
This is why Uniswap v3 changed everything:
Liquidity Providers could choose where on the curve they wanted to provide liquidity. Instead of being passive, Liquidity Providers became rangeβbound market makers.
Why concentrated liquidity matters:
In v2, your liquidity sits everywhere β even where price will never go.
In v3/v4, you choose a range.
Example:
β’ ETH is $3,000
β’ You provide liquidity from $2,800 to $3,200
Now:
β’ You earn more fees
β’ Your capital is used more efficiently
β’ You take on directional risk if price leaves your range
This is the foundation of every advanced LP strategy. The hidden truth: AMMs are predictable. AMMs arenβt random; theyβre deterministic.
If you know:
β’ the curve
β’ the liquidity distribution
β’ the volatility
β’ the fee tier
β¦you can predict how your position will behave.
This is why Liquidity Providers who understand the math consistently outperform those who βset and forget.β