In this video I once again brought on Ellie Gonsalves. We have now decided each week to do a show called Wrapped Weekly, where we wrap up the events of the week and she gives questions from a beginner perspective.
04:00 Ethereum Ecosystem
Follow Ellie ➡️ https://www.instagram.com/ellie_gonsalves
ByBit, Market Cipher, Ledger, TokenMetrics, Crypto.com & more!
Find deals on hardware wallets, trading indicators, exchanges & more.
Find Crypto DEALS ➡️ https://bitboycrypto.com/deals
1 Million Subscriber Giveaway! As we approach 1 million subscribers on YouTube, we will be giving away 1 full Bitcoin, 5 Ethereum, & 4,000 Cardano to 10 lucky winners. Sign up for the contest here: https://gleam.io/g6BKF/bitboy-crypto-1-million-subscriber-bitcoin-giveaway
Connect with Me & the BitSquad!
Join the BitSquad ➡️ http://t.me/BitSquad
Join the BitBoy Lab ➡️ https://discord.com/invite/bitboylab
Join BitSquad Traders ➡️ http://t.me/BitSquadTraders
Join Me on Twitter ➡️ https://twitter.com/Bitboy_Crypto
Join Me on Instagram ➡️ https://www.instagram.com/bitboy_crypto
Join Me on TikTok ➡️ https://www.tiktok.com/@BitBoyCrypto
All of our videos are strictly personal opinions. Please make sure to do your own research. Never take one person’s opinion for financial guidance. There are multiple strategies and not all strategies fit all people. Our videos ARE NOT financial advice.
Different Ways to Determine Resistance and Support
There are various ways to establish resistance and also assistance. I choose horizontal lines/trading varieties. You can also utilize angled lines/trend lines and also interior pattern lines to figure out specific prices.MACD: Moving Average Convergence/Divergence
When it concerns trading the forex market, there is no OI data to comply with. While you can utilize futures and choices by proxy to provide you an idea of the potential momentum task that is taking place in the area market, it is likewise just as common to utilize the MACD to identify energy.Technical Analysis Strengths and Weaknesses
Technical evaluation has several strengths and weak points. Each toughness gives it a feeling of reliability, while each weakness puts you one step more detailed to making a deadly error. By ending up being skilled at recognizing the weak points, you are able to shore them up with the appropriate finance and also risk administration methods.Why Technical Analysis Works in Trading
When it involves market behavior, there are two institutions of thought. The very first is the “random walk concept” and “market performance.” While both are convincing ideas, just one supports technological evaluation.Choosing Your Technical Indicators
Whatever you may believe about trading, the first misconception we need to dispel is that trading is technical analysis. The drive to produce a pseudo-scientific face to trading has led lots of people to consider technical evaluation as completion all-be every one of trading. Somehow, it is believed that if you can determine the best combination of indications, then you will certainly become the ideal investor ever. I am sorry to disappoint you, but that is not how it works.