Tag: indicators
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My Thoughts On The Current Bitcoin Price
Satisfaction Well, I must say seeing BTC above $27K does wonders for the soul. It’s been a very long and drawn-out process, hasn’t it? However, as bullish as things appear, and things do look bullish, we may still see a further correction. However, continuation higher is very likely in the immediate short term. Why do…
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Do You Understand The Hierarchy Of The Market?
Introduction Markets move based on confluence. This confluence is attained by the collection of relevant data. The data points are in turn gained from the different levels of indicators. Let’s address some basics. In a bull market, an effective trader buys dips. This strategy is not continued into a bear market. The strategy is now…
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Bitcoin Could Be Just Two Months Away From Its Next Major Move
The Importance Of Confluence In Trading: Why Multiple Signals Matter In trading markets, effective traders tend to seek out what is known as confluence. This is very much like discovering which side of the market has the most favorable outcome. Multiple bullish indicators usually signal a bullish move, while multiple bearish indicators usually signal an…