After analyzing BITCOIN and LITECOIN, here come LINK,
one of Teeka Tiwari 5 coin to 5 million, actually theres is 6 coins not 5,
Chainlink in my opinion looks like one of the better coin to be considering at this moment in the current state of the cryptocurrency market,
I always look at the charts in the most simple way without complicating it, if you notice ever single analyst/youtuber/expert, pulls a million chart, pattern, trend, indicator etc... Im sure most of you beginner/intermediary traders, after reading an article or watching a video you feel overwhelmed, you do not know and fully understand what you just watched or read, you cannot take a calculated decision and do not know what to do without of someone LITERALLY pointing you in a direction and telling you this is what you need to do and the position you need to take.
i completely understand your frustration, this is why it is so important that you learn the basics of TA and start doing your own Analysts.
Every analyst have there own methods and they all work if used correctly and in conjunction with each other. Second always keeping in mind that TA is not a tool to predict the future but a tool that can help you have a deeper understanding of the current market and what is happening behind closed doors,
Here is my 3 steps that i analyse before entering a trade,
FIRST : I want to have a bigger picture of the current market not what it is going to do in the next hour or day, SPECIALLY in the crypto world because of its extreme volatility as we all know, a 20% gain can retrace in a mater of hours, just like the one we experienced few days ago, (if you are trying to day trade, this might also apply for you).
being said, we need to find the trend we are in ( ascending or descending ) take a step back and always look at the 1D and W chart, by looking at these timeframe it become much easier to determine the trend.
SECOND : place a fibonacci retracement on the 1D chart
THIRD : Place the 21,50, 100, 200 EMA on the 1D chart and add the 20 ma on the weekly chart ,
first, we dont trade against the trend, except if its for a short trade never a long term position against the trend,
second, the moving averages will give us deeper confirmation of how strong the trend is, usually iw we are under the 200D ema we are bearish and over the 200 ema we are bullish,
third the fibonacci will give us our support and resistance levels in conjunction with the emas.
if you apply these 3 steps and only these 3 step without any extra indicator your long therm guess will have a much higher success rate.
the most important thing to remember is that TA is not to predicting the future and be humble enough to learn to change you view on the market if there is indication that you analysis is no longer valid.
in regards to the 5 other coins of TEEKA TIWARI, leave your email bellow, subscribe and like and i will send you the list
have a good one guys :)
one of Teeka Tiwari 5 coin to 5 million, actually theres is 6 coins not 5,
Chainlink in my opinion looks like one of the better coin to be considering at this moment in the current state of the cryptocurrency market,
I always look at the charts in the most simple way without complicating it, if you notice ever single analyst/youtuber/expert, pulls a million chart, pattern, trend, indicator etc... Im sure most of you beginner/intermediary traders, after reading an article or watching a video you feel overwhelmed, you do not know and fully understand what you just watched or read, you cannot take a calculated decision and do not know what to do without of someone LITERALLY pointing you in a direction and telling you this is what you need to do and the position you need to take.
i completely understand your frustration, this is why it is so important that you learn the basics of TA and start doing your own Analysts.
Every analyst have there own methods and they all work if used correctly and in conjunction with each other. Second always keeping in mind that TA is not a tool to predict the future but a tool that can help you have a deeper understanding of the current market and what is happening behind closed doors,
Here is my 3 steps that i analyse before entering a trade,
FIRST : I want to have a bigger picture of the current market not what it is going to do in the next hour or day, SPECIALLY in the crypto world because of its extreme volatility as we all know, a 20% gain can retrace in a mater of hours, just like the one we experienced few days ago, (if you are trying to day trade, this might also apply for you).
being said, we need to find the trend we are in ( ascending or descending ) take a step back and always look at the 1D and W chart, by looking at these timeframe it become much easier to determine the trend.
SECOND : place a fibonacci retracement on the 1D chart
THIRD : Place the 21,50, 100, 200 EMA on the 1D chart and add the 20 ma on the weekly chart ,
first, we dont trade against the trend, except if its for a short trade never a long term position against the trend,
second, the moving averages will give us deeper confirmation of how strong the trend is, usually iw we are under the 200D ema we are bearish and over the 200 ema we are bullish,
third the fibonacci will give us our support and resistance levels in conjunction with the emas.
if you apply these 3 steps and only these 3 step without any extra indicator your long therm guess will have a much higher success rate.
the most important thing to remember is that TA is not to predicting the future and be humble enough to learn to change you view on the market if there is indication that you analysis is no longer valid.
in regards to the 5 other coins of TEEKA TIWARI, leave your email bellow, subscribe and like and i will send you the list
have a good one guys :)