I remember looking at my first Bitcoin chart and thinking “Oh, awesome!” – Now what? Especially when Bitcoin was touching $19,000 (I’m not bitter about not buying £100’s worth still, honest!)
I believed for a long while that these movements were fairly random and there must be some sort of luck involved in managing to work out where to place a buy or sell trade. I considered it to be ‘trading bots’ automatically knowing when to trade.
However, I have a very determined personality and refused to give up looking for the “key” to trading. These movements were too structured to be just luck.
If only I could work out what this is doing, where is it going?
After months of searching I actually found a pretty effective way.Continue reading “For me this is the most essential trading tool. Fibonacci Retracement – Using support and resistance.”