TA fags

Question for the TA fags ; is it enough to just use pict related to trade crypto ?
If so, on what time frame do you usually analyse your candles pattern ? 1min 3h 1d ?

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All of them, but the bigger the timeframe the more accurate it is.

No, candlestick patterns are useless. The only thing that matters is order flow and volatility.

How do you decide when to buy then ? How do you TA ?

Right, so looking at only the candlestick pattern on 1D frame is good enough ?

I wouldn't trade this. Trade price instead. There's no need for this stuff. Just buy low sell high, buy high to sell higher, sell high to buy low and sell low to buy lower.

The point of doing TA is to identify trend, trade trend.

Yeah well how do you identify if the next movement is gonna be bearish/bullish ?

That's my question, is it worth analyzing candlestick pattern in order to identify the next trend ?

>How do you identify if the next movement is gonna be bearish/bullish
that's the crux.

>Yeah well how do you identify if the next movement is gonna be bearish/bullish ?
If there was a surefire way to know, everyone would be using it. Whatever you do, user, do not go below the 1D signals, it will eat you alive. And don't ever do leveraged trading.

Yeah obviously at the end of the day it's just gambling but my initial question was : is it worth looking at the candlestick pattern or not ?

disregard textbook T.A


long / short at standard deviations 2-3
never short/long on the hig/low of a liquidity pools
orderflow for confirming support/resistance in confluence with hvn's / lvn's / poc
divergences (momentum or volume)
volume delta's
institutonial orderflow
stophunts
how liquidity is moved and manipulated by bigger players.
metrics - inflow and outflow of usd
market depth ratios
cumulative limit orders (orderbook)
art of war how to think like a strategist
footprint reading

advanced example
how to spot bulltraps/beartraps
-look for cumulative volume delta divergence

Looking for similar minded day traders, post email here

How can I learn every you mentioned ? I need to start somewhere, I'm really interested.

start with market-profiles volume traded at price to grasp the market structure.
This is your foundation.
You need to know where price is likely to be supported and where it's likely to get rejected.
This should be your foundation.
I have a telegram channel but decided not to add any more new members.

Trading for dummies

There is not only 1 indicator, price action, volume, candle signals, and some market psychology analysis tells you most of what you need.
Ultimately you need to buy low and sell high, which takes discipline to do consistently and dont lose your pants.

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I've been trading profitably for years and have never cared about these one-off candle patterns. Those are for people that are brainwashed by the school system and think taking notes and memorizing lists will make them smart. They're too busy shading the candles they drew in their moleskine notebook to actually make a trade and take a fucking risk for once.

The way I look at it, the time between each major price move is a unique puzzle. You can't have a simple cheat sheet for these things because the market is always changing. The most important thing is understanding who the players are. There are FOMOers, scalpers, shorters, swingers, whales, guppies, etc etc. I've been all of the above so I understand who I'm fighting against. I also watch price action closely on every time frame, and you start to see patterns happen. Not gay candle stick patterns but human psychology patterns. Exploit these patterns, be confident with your ideas, and you will make it.

>be confident with your ideas

This is the most important piece of advice. Period. When times are volatile and you make a choice, stick with it and don't just close at a loss. Make sure your stop losses aren't too tight or if you're around better yet don't use stop losses. Almost all the money I lost was because I got scared and closed a position instead of just sticking with it. Also use scaling to your advantage, if you're feeling the fomo throw a couple dollars into the ring and then see what happens. If you're right throw in some more etc. If you're wrong you can close the tiny position at a small loss or scale in at lower prices.

>human psychology patterns
This will get you to be successful over the long haul. Yes, its all computer trading programs, etc but there are humans behind the programming and you have to understand that to be successful.
There's no substitute for experience. Take in everything..TA, trends, candles, renko, whatever and develop a successful pattern using it all. Takes time.

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Can some one explain how to use volume as an price prediction indicator.

to me volume has picked way up on btc and eth in the last 107 days...

how can this information be useful...

cant upload pics because stupid gookmoot

price higher high
volume lower low
= divergence (anomaly)
indicates that the trend is weak

Is there an official list of those meme patterns or do people invent new names when they feel like so?

It shows a general level of interest at those prices.
Strong volume is a signal of a trend.

u see how in the 107 from today backwards no their is heavy volume again and the price is higher then it was 107 days ago with the higher volume.... especially when you look at the eth chart.

is this a way to gauge trend reversal, having to excuse me for not knowing jack.
looking for some good reads on volume indictors as well

prediciting a reversal right at the point of reversal is nearly impossible