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Tecniques For Trading
Tecniques For Trading
TRADE ANALYSIS
CHECKLIST
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$100 DAY TRADE ANALYSIS CHECKLIST
Now whether you’re a seasoned trader or complete beginner these steps will put you in the right
direction to be able to go out there and make profitable trades.
One thing many people ask is, ‘Jack where do I start?’ It can be very overwhelming when trying to
find something to trade or actually beginning the trading process but hopefully with these steps
you should be able to streamline that process and get right into making profitable trades.
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$100 DAY TRADE ANALYSIS CHECKLIST
When you open up Binance or trading view it’s easy to just jump into the first coin or token thats’
corrected for the day and hope to catch it on the bounce. BUT you really need to be getting the
bigger picture before you decide to jump into any position.
Before making any trade you should be looking at the 1 week, 1 day, 4 hour, 1 hour and finally 30
minute chart. This will give you a complete overview of that market so you can identify if the coins
is selling off towards a well known level of support or resistance.
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$100 DAY TRADE ANALYSIS CHECKLIST
If you do one thing from this list then do this! This can completely make or break your trade.
Proper analysis of support and resistance levels is vital for making a profitable trade.
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we can clearly see the support and
resistance outlined. We can see that the
support has touched the bottom line
twice and the upper level has touched
the resistance line twice.
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$100 DAY TRADE ANALYSIS CHECKLIST
3 Moving Averages
Moving averages are sometimes overlooked by a lot of novice traders as the term them ‘too simple’
but actually a lot of support and resistance can be identified from key MA (moving average) zones.
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$100 DAY TRADE ANALYSIS CHECKLIST
4 Volume
Volume can be very important when determining what trade to take. Volume can be a great
indicator for determining whether the swing in the market will be supported for long enough for
you to jump in and make a profitable trade.
As we can see in the image above, a clear breakout on the volume side of things is then supported
with continuous price growth until the volume slows down and the price starts to lose momentum.
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$100 DAY TRADE ANALYSIS CHECKLIST
The RSI is such a simple indicator but when used well can be the difference between a profitable
trade and a loss. The RSI is a momentum indicator that measures the magnitude of recent price
changes to evaluate overbought or oversold conditions in the price.
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$100 DAY TRADE ANALYSIS CHECKLIST
How To Implement
So I hope that these steps have helped you outline different ways to
analyse the market before entering a trade. Just these 5 steps alone can
be more than enough to go out there and consistently make profitable
trades, but of course there Is way more to it than just these 5 steps.
https://www.btcblueprint.com/
Thank You,
Jack.