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You are watching a very unique Bitcoin technical analysis.
It use Fibonacci ratios + support/resistance to find the best zones to enter and exit the market.
Here's what to know when looking at the charts:
- Green and red rectangles are BUY and SELL area.
These are the areas where the momentum has shifted enough to give us upside/downside potential great enough to consider buying or selling Bitcoin.
The software I use is Metatrader 4 (MT4)
The pricing feed is made by averaging prices at all the most popular crypto markets.
My name is Rick and I live in Mont-Tremblant, Canada
You can contact me on my website livebitcointrading.com
Tips for beginning traders:
- Trading is hard.
90% of traders never manage to be consistantly profitable.
- Greed is your enemy.
- A good trader is a good risk manager.
- Use Stop Loss and dont move them in the middle of a trade.
- The more leverage you use, the more certain you will fail.
- If you cant sleep at night, your positions are too big.
- You need to manage your emotions.
- You dont need to have positions open at all time.
- An average of 1% profit per week compounded will make you filthy rich.
- A good strategy is not the most important part of your success.
- Repeat this mantra: “I am a very good trader”
PS: Please dont use this mantra: “I am the best trader in the world!”, this one is mine.
The music you hear is brought to you by these channels: www.youtube.com/channel/UCoDZIZuadPBixSPFR7jAq2A
Coin Daddy: www.youtube.com/channel/UCPqUptdpTVPtMNp8UM-VRsA
Bitcoin with attitude
Visit the artists pages to buy their music.
If you made money with my calls, and want to sleep well at night, simply donate :) BTC: 1PoTykJcUNkhgVQyS2eT8sHSTzWQEx2Dfk ETH: 0x50c6A0652Fd6261553aa556cde5Dd3C6babcD252 LTC: LgENHegobxjvhAevktbcdfR1QNJCmWGNRh