Swing trading ICX


#241

I would like to teach people how to day trade and swing trade (and even scalp) but I it’s not really something that can be done within one or even a few posts here. I would feel bad if I gave you shallow information causing you to lose satoshis, because, forgve me if i sound arrogant, but you can get burned badly if you are not proficient.

It’s not a simple matter of looking at indicators and clicking buttons. You need to be able to hedge bets, react quickly to curve balls, and basically have a solid depth of understanding regarding technical analysis. You need to be able to react really quickly if something changes - technical analysis is not a crystal ball and things can change

I can give you some topics to look into that really help me with scalping, day trading, swing trading, and even position trading sometimes.

  • First I would learn support/resistance/volume. absolutely critical.
  • Then candlestick charting - this is a basic but vital concept. Eventually you will learn about consolidation/break out/breakdown
  • Then you can learn about indicators like MA, MACD, RSI, squeeze. If you have the aforementioned concepts down, these make trading a breeze
  • Then comes elliot wave theory

There are a some good youtubers who help break down TA for crypto. Data Dash and Philakone are great. Google the terms I listed and learn as much about them. Quite frankly these resources will help you far more than I ever probably could. But I’m always here for specific questions and I’ll try to help as best I can


#242

Ty, I’ll give a deeper dive into those subjects!


#243

I’ve never used a bot, just looking at the charts on volatile days. Especially days that are down so that you can sell and rebuy. If I swing it’s to increase my coins by shorting not try to take USD profits.


#244

Damn RSI easy to read once its time passed but in the mean time its hard to tell for me, hate myself lol


#245


Buy signal for whale ?


#246

so are we moving to this thread since its still open?


#247

Thanks, can you explain the difference between scalping, day trading, and swing trading ?

I assumed they were all the same thing.

Thanks


#248

You swing trade on the 4 hours or daily chart and day trade 1/3/5/15min chart for a quick buck or more coins and for scalping no idea


#249

6,4,2,1 hr bollingers are really squeezed … price action should be coming soon.


#250

Up or down :stuck_out_tongue_winking_eye:


#251

All the way up! :rocket:


#252

u’d need a trader for that answer ! I’m just a noob lol

but I see more red volume bars on the last readings, which is no bueno ? RSI momentum on those times also on the borderline to go down too.


#253


#254

I’m seeing a flag forming for the past 9 hours or so… But what do I know?..


#255

:+1::+1::+1::+1::+1::+1::+1::+1::+1::+1::+1::+1::muscle:


#256

I think we gonna have a great week-end with icon the rsi look good same for the macd, whales are accumulating like crazy since we under 0,0005


#257

Where can you see whales accumulating?


#258

Which time frame are you seeing a flag?


#259

from the 1 hour go smaller


#260

Right now on binance you have a buy order of 50k icon yeah he remove the wall after sometime but it’s accumulating at the same time