Following Bitcoin on a daily basis is all good and well, but what about long-term? Is it possible to use trading indicators and trading tools to judge where Bitcoin may go weekly?
Let’s find out…
Updated: 17/06/20 – Scroll to bottom of the post.
Continue reading “Bitcoin Weekly – The bigger picture”
Time to be honest, once again. I really struggle with placing channels whilst trading. Cryptocurrency, unlike the stock market, doesn’t really seem to move in traditional channels.
Continue reading “So, we have found the direction and we have identified support and resistance… Now, where the heck is this going long-term? Introducing channels.”
That being said though it is always good to try and use them. It’s better to have some idea of long-term predicted movement rather than placing a trade and just hoping.
The main thing when trading (or looking to buy a cryptocurrency at a really good entry point) is that you’re going to want to identify the direction that a coin is traveling in. Now, even though this sounds easy I can assure you it really isn’t.
Continue reading “I’ve got me a TradingView chart. What do I need next, what are these indicator thingamajigs?”
Cryptocurrency like all markets is 50/50, most of the time. Either traveling up or down.
There can be times though when a coin just travels sideways, known as “Bart” or “Barting”. This kind of sideways action gets its name after the Bart Simpson character’s hair style. Short movements moving only slightly up and down for a period of time.