Today i will try to explain how to play with Kava in a simple way.
- Remember always that in Cryptos are not easy as forex or stocks, because movements are always brutal.
- The first step is always to detect the real trendline.
- Detect 3 points. Bouncing Points, Rejection Points.
- Some traders use only 2 points, but i am old style trader, so i really need 3 Points to Draw the trend.
- Remove the abnormality ( FOMO and PANIC )
- Draw your line.
- Now you will need to find PRICE ACTION AREAS.
- Those areas can be easily detected by the price fluctuating for a long period of time in the same zone.
- For KAVA right now we are fluctuating between $0.75-$1.25$ ( Price action zone 2)
- Now you can draw your price action lines.
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METHOD 1
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- So to enter a position you need to understand that you never know if you are right, or if you are wrong. anyone have a magic ball.
- The best way is to NEVER GO ALL IN.
- Keep always more juice to rebuy if the market crash.
- For exemple, you could try to enter KAVA Market at 0.75$ (invest 25%), in case of DIP to 0.5$ (re-inject 75%) ( this is very important!!)
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METHOD 2
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- Simple wait to see if KAVA will break out the Trendline
- in that case you will need to wait the price to break out from triangle (Yellow Triangle)
- Again never go all in, on a breakout, some breakout could be fakes.
- Keep always Juice.
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- More you will understand and detect price movements, supports, resistances, breakouts, more you will trade better.
- Price action and trendline are the basic of trading.
- indicators are complementary.
PS : This method can also be applied by Shorting the market. ( just inverse everything ).
- Happy Tr4Ding !
- Remember always that in Cryptos are not easy as forex or stocks, because movements are always brutal.
- The first step is always to detect the real trendline.
- Detect 3 points. Bouncing Points, Rejection Points.
- Some traders use only 2 points, but i am old style trader, so i really need 3 Points to Draw the trend.
- Remove the abnormality ( FOMO and PANIC )
- Draw your line.
- Now you will need to find PRICE ACTION AREAS.
- Those areas can be easily detected by the price fluctuating for a long period of time in the same zone.
- For KAVA right now we are fluctuating between $0.75-$1.25$ ( Price action zone 2)
- Now you can draw your price action lines.
---------------------------------------------------------------------------------------------------------------------------------------------------------------
METHOD 1
---------------------------------------------------------------------------------------------------------------------------------------------------------------
- So to enter a position you need to understand that you never know if you are right, or if you are wrong. anyone have a magic ball.
- The best way is to NEVER GO ALL IN.
- Keep always more juice to rebuy if the market crash.
- For exemple, you could try to enter KAVA Market at 0.75$ (invest 25%), in case of DIP to 0.5$ (re-inject 75%) ( this is very important!!)
---------------------------------------------------------------------------------------------------------------------------------------------------------------
METHOD 2
---------------------------------------------------------------------------------------------------------------------------------------------------------------
- Simple wait to see if KAVA will break out the Trendline
- in that case you will need to wait the price to break out from triangle (Yellow Triangle)
- Again never go all in, on a breakout, some breakout could be fakes.
- Keep always Juice.
---------------------------------------------------------------------------------------------------------------------------------------------------------------
- More you will understand and detect price movements, supports, resistances, breakouts, more you will trade better.
- Price action and trendline are the basic of trading.
- indicators are complementary.
PS : This method can also be applied by Shorting the market. ( just inverse everything ).
- Happy Tr4Ding !
Ghi chú
Price action is also working on Forex, here an exemple with GBPUSD. the main difference is only the speed.. Cryptos are very fast...
Ghi chú
Now take a look at Filecoin and you will get fast the idea of Price Action. it's the same.
Ghi chú
Shiba for the meme :
Ghi chú
Now Tesla for the Stocks :
Ghi chú
so what you need to understand is :- The best method to trade is to not trade at all !
- The best method is to be patient, very patient !
- Enter your position when everyone is crying.
- Exit your position when everyone is happy.
GL !
Ghi chú
👀Ghi chú
Price Action :Đóng lệnh: đạt mục tiêu
in retrospect it was inevitable.Ghi chú
Remember Price Action :Ghi chú
Ghi chú
oups i did it again...Ghi chú
Kava is a good learn. watch and grow.Ghi chú
When you reach an unknown zone.You can only try to catch a bottom from the past, nothing to catch from nowhere.
Stop and wait 🚑.
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Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.