How do you interpret all of this crap?
How do you interpret all of this crap?
after staring at that chart every day for 3 years straight, you'll know exactly what all that shit is
time starts now
you don't
Just pirate Philakone's courses, watch those, and get mugged a few years later.
practice.
is right
learning
You guys look at charts?
we bull now
Read books, which videos, re learn shit you forgot. Repeat.
Where fren?
Thought trading charts in especially crypto is a big meme. Anons often tell that about forex, so why it should work in crypto?
There's hardly any info
I got a link along with a key to a mega drive of one, so I can't share it as it's good for one person only.
Lurk in good Zig Forums discords, people usually have good resources. Alternatively, you could dish out $200 for a Philakone course, but he only sells 10 a month since he wants to be 'exclusive'.
He did get mugged a few days ago and can't speak anymore, so idk how he's gonna make more videos.
Also, I have never touched stocks in my life. IMO crypto has much more volatility, so you can 'make it' easier, but losing is much more harsh. Crypto is where you can make 5% in a good few hours, or lose 5% as well.
If you gain 5% a day, you basically double your money every month. Of course, there are stocks that do the same, so it's up to you. If I have one more piece of advice, look up how maker/taker fees work so you don't get jewed out of ~0.5% on trades.
Oh, one more thing. Technical analysis is legit. There are growing pains where I advise you paper trade or only trade with a $100 account to learn with. At some points, I lost all faith in myself, but now I can confidently place trades. It's really a battle of emotions, while having a drive to learn how to read the market.
it doesn’t mean anything. just there to look cool. like a crypto spectrum analyzer. don’t fall for the ta meme.
It's called Bart and BTC will dump back to 10k in a few days. This happens literally hundreds of times before.
Past doesn't dictate the future, but I do agree with you. BTC will probably dump opening bell on Monday. Afterhour pumps never seem to have staying power for BTC. Only time will tell for boomer coin.
top right chart is price action, wicks represent highs and lows, bodies represent open and close, green candles mean close was higher than open, red bodies bean close was lower than open
mid right chart is depth, it's a cumulative representation of the table you see on the left, which is called the order book, mid market price is a weighted average of the lowest ask and highest bid, right bottom space is your open limit orders, of which you have none
the order book is a table representing bids (buy orders) in ascending order and asks (sell orders) in descending order, think of how an actual market for goods and services would work in real life, buyers walk to up to sellers they both give offers and they get closer and closer until they reach an equilibrium, the more liquid the market the more smoothly and quickly this happens
the orders on the book are known as "maker" orders, when you "market" buy or sell you are placing a "taker" order, taker orders are what drive price action
order book is great for seeing resistance points just set your targets at the resistances or under the resistances
How do you determine the resistance points from the chart?
farm ZETA and not worry about the little things maybe?
I dont. I just hodl. Didnt even look at your pic, im just assuming its link
You look at the order book and it should tell you how much money is currently sitting at an order point. If its a lot, you know it will be tough to rise or drop below that certain point.
It's actually very useful and easy to navigate UI.
Just don't look at everything at one moment, look at only what you think you need right now to make any, what you think, profitable
trade, you can just do blind baby steps and at some point you will start getting this charts.
It took me around 2 month to get all of the charts (I had zero experience in trading before and never used any kind of trading software).
it seems to be called market size on your UI and theres a convenient bar there all the way on the left. Big bar= strong resistance point.
don't rely on this too much for smaller exchanges or coins will small volume. Whales like to put fake walls in and pull them at the last second.
hello market maker you lying fuck
meant for
It's all meaningless. MMs can pump/dump this shit at will.
Volume does help, but I agree that it's useful only locally and within small markets.
Of course, how you can expect exchange to provide you resistance from all sources?
But for alt coins it's very informative. I did sometimes, just for fun, broke resistance points on coinbase within markets with small capacity and saw immediate reaction on all exchanges.
>took me 2 months to finally learn how to profit from day trading
t. Someone who has been trading for 5 months and will be bust in 5 more
Successful longterm traders do not swing trade daily, weekly, or even monthly. They rarely make trades and only on sure things that are obvious to go up. If you're a poor newfag you should just be all in LINK, ETH, or BTC depending on which one you really want to dive into and you shouldn't be purchasing random garbage shit off binance that you have no idea what it does or how to work with it because your lines told you to. Traders do not win in the long run, YouTube traders and (((influencers))) make money by influencing most of their trades are just play money or they regularly make enormous losses like portnoy because they're retards that show up late and then gamble by leveraging on short term price action.