The Only Proven Way To Success in Trading 🥇
Hey traders,
Like any discipline, consistently profitable trading requires many years of practice.
In this post, we will discuss the only proven way to become successful in trading.
🔰First, let's start with the axiom: there are no inborn traders, trading is a skill, a skill that can be learned. Though talent may help you in some manner it does not guarantee your success.
One more axiom that is logically derived from the first one is the fact that trading is a complex skill.
The one that can be split into dozens of subskills.
Making that statement we may assume that our success in trading directly depends on mastering each subskill, each domain that it consists of.
But how do we master these skills?🤔
The only way to do that is to practice. Practice means doing something regularly in order to be able to do it better.
With your first attempts, you are doomed to fail. Inevitable you will suffer and you will feel miserable because of your incompetence.
Trying and doing the same thing again and again, at some moment you will feel the progress and growth. Your perseverance will bear fruit.
Knock, and it shall be opened to you.
And as a consequence, with some attempt, you will feel that finally the skill is mastered, that one more stage in your journey is passed.
Polishing the entire set of subskills and learning to apply that as a single unit will make you a consistently profitable trader.
Just stipulate the domains properly, name them and be ready to work hard.
❤️Please, support this idea with like and comment!❤️
Learning
BTCUSDT Support/resistance levels, Fri Feb 25, 2022, BigdataBTC in an uptrend after the yesterday dip. It has a strong support at the range 36867.36 – 38244.38 USDT.
There is a 75% chance to return to 37615.65 USDT and 93% chance to reach the level 38862.59 USDT.
Current support/resistance levels:
– 34952.33 USDT
– 35680.78 USDT
– 36867.36 USDT
– 37615.65 USDT
– 38244.38 USDT
– 38862.59 USDT
* Calculation is based on 23.72M of trades
BTCUSDT Support/resistance levels, Thu Feb 24, 2022, BigdataBTC is in a high downtrend, Russia invading Ukraine.
There is only a 50% chance to return to the level 36886.14 USDT
No to war!
Current support/resistance levels:
– 35128.0 USDT
– 36886.14 USDT
– 37599.47 USDT
– 38191.63 USDT
– 38866.38 USDT
– 39894.71 USDT
* Calculation is based on 21.21M of trades
BTCUSDT Support/resistance levels, Wed Feb 23, 2022, BigdataBTC is in neutral position now, there is about 87% chance to reach the level 39851.52 USDT and 81% probability to get 40269.13 USDT. The selling is higher than the buying.
Current support/resistance levels:
– 36902.88 USDT
– 37609.52 USDT
– 38190.32 USDT
– 38890.92 USDT
– 39851.52 USDT
– 40269.13 USDT
* Calculation is based on 18.33M of trades
BTCUSDT Support/resistance levels, Thu Feb 22, 2022, BigdataBTC touched the lowest point, there is about 80% chance to reach 38156.63 USDT level and 58% chance to get 38918.78 USDT .
Current support/resistance levels:
– 37147.52 USDT
– 38156.63 USDT
– 38918.78 USDT
– 39989.73 USDT
– 40707.3 USDT
– 42207.45 USDT
* Calculation is based on 18.45M of trades
BTCUSDT Support/resistance levels, Mon Feb 21, 2022, BigdataBTC is in a downtrend and the selling is higher than the buying. There is 75% chance to return to the level 38297.8 USDT , around 70% chance to reach 39993.54 USDT .
Current support/resistance levels:
– 38297.8 USDT
– 39035.79 USDT
– 39993.54 USDT
– 40698.92 USDT
– 42072.23 USDT
– 43714.28 USDT
* Calculation is based on 15.25M of trades
BTCUSDT Support/resistance levels, Sub Feb 20, 2022, BigdataBTC is in a high downtrend. It's about 30% probability to reach the level 39974.26 USDT .
Current support/resistance levels:
– 38676.83 USDT
– 39974.26 USDT
– 40688.08 USDT
– 42052.63 USDT
– 43435.36 USDT
– 44096.91 USDT
* Calculation is based on 15M of trades
BTCUSDT Support/resistance levels, Fri Feb 18, 2022, BigdataBTC broke the last support/resistance level (see related idea) and moved to the dip. Statistically, that's the best point to join Long and receive high reward from the position.
Current support/resistance levels:
– 40551.41 USDT
– 41050.17 USDT
– 42005.0 USDT
– 42503.3 USDT
– 43483.93 USDT
– 44096.24 USDT
* Calculation is based on 14.67M of trades
BTCUSDT Support/resistance levels, Thu Feb 17, 2022, BigdataBTC is building a support at 43561.45 USDT , as I was describing in my yesterday idea , the average price is still growing.
Current support/resistance levels:
– 41938.97 USDT
– 42249.96 USDT
– 42605.93 USDT
– 43561.45 USDT
– 43970.01 USDT
– 44228.74 USDT
* Calculation is based on 13.29M of trades
BTCUSDT Support/resistance levels, Wed Feb 16, 2022, BigdataBTC is in a high uptrend, I'm expecting a new robust support at 43539 USDT, the price is moving up through the time and creating a new strong support levels.
Current support/resistance levels:
– 41879.22 USDT
– 42154.49 USDT
– 42398.24 USDT
– 42685.58 USDT
– 43539.55 USDT
– 44136.06 USDT
* Calculation is based on 14.51M of trades
The Power of using NPOCS on your Charts BTC/USDA Naked Point of Control is an untested point of control which is either time based or volume based and exists in the current market structure.
These NPOCS can serve as excellent targets for trades as well as potential areas of support and resistance dependent upon the NPOC's profile distribution.
I have marked this Bitcoin Chart with Daily , Weekly and Monthly NPOCs and using the boxes I have demonstrated how powerful NPOCS can be
when incorporated into a trading strategy for Scalps Daytrades and Swing setups.
I use NPOCS with other confluences mainly Fib levels and order flow and the respect for these levels is well worth noting .
I hope this information helps you define a strategy for your trading as utilizing these correctly will boost your ROI.
Whatever the case thanks for viewing my work and be sure to like and follow .
BTCUSDT Support/resistance levels, Tue Feb 15, 2022, BigdataBTC bumped from the last level and continue to grow as I expecting in my last published idea.
Current support/resistance levels:
– 42071 USDT
– 42492 USDT
– 43061 USDT
– 43597 USDT
– 44420 USDT
– 45130 USDT
* Calculation is based on 17.83M of trades
AUDCAD ShortWatching for a confirmation on the H4 and H1 for a good entry.
After a few losses I started to solidify my system and the confirmations I'm looking for.
-Set the pitchfork on the Daily chart and Weekly RSI
-Does the trade coincide with the higher time frame trend? (If no then no trade)
-Is the trade returning to the median line (If no then no trade)
-Will the trade encounter a significant S/R in the direction of the trade? (If yes then no trade)
While I continue to research the use of Median Lines, I have begun looking into Fib retracements to find the best entry points.
BTCUSDT Support/resistance levels, Mon Feb 14, 2022, BigdataBTC is moving around last support/resistance line, the selling pressure is high, but buyers keep the level.
I don't think that the price will go down, but let's look forward.
Happy Valentines to everybody!
Current support/resistance levels:
– 42125 USDT
– 42623 USDT
– 43413 USDT
– 43946 USDT
– 44569 USDT
– 45180 USDT
* Calculation is based on 17.81M of trades
US30We see an ascending channel which has happened. Then followed by the break impulsively of the ascending channel. Now we wait for the retest to finish and then we ride the wave all the way down to the beginning of the ascending channel.
Keep Watch. Stay Calm. Pray. Execute
BTCUSDT Support/resistance levels, Sat Feb 12, 2022, BigdataThe number of trades has increased and we touched the last support/resistance level.
Statistically, that's the best place to go long, but you have to manage the risk properly.
Trade only last levels and you'll be profitable.
Current support/resistance levels:
– 42443 USDT
– 43159 USDT
– 43639 USDT
– 44093 USDT
– 44671 USDT
– 45213 USDT
* Calculation is based on 21.18M of trades
BTCUSDT Support/resistance levels, Fri Feb 11, 2022, BigdataWe're still in a bull market, BTC has a strong support level at 41635 USDT.
I suppose Bitcoin is going to hit 46000 USDT in a few days.
Keep eyes on the volume change and breaks of support/resistance levels.
All these calculations are based on the machine learning and essential data – users trades.
Current support/resistance levels:
– 41635 USDT
– 42637 USDT
– 43265 USDT
– 43783 USDT
– 44236 USDT
– 45016 USDT
* Calculation is based on 20.08M of trades
Clover Finance, end of the downtrend?Clover Finance is in down only trend for weeks.
End of january has seen some nice volume kicking in and downtrend not as strong as it was before. Some buyers coming in the market.
Now the price is in beautiful flat consolidation. This could lead to a trend reversal.
Easy to find an entry if price can manage to break this consolidation up.
Esay to cut the trade if price start going down again.
--> Huge Risk/reward ratio here with a clear invalidation point.
Interested in more market analysis and teaching?
Join us at Subverto Trading Club !
BTCUSDT Support/resistance levels, Thu Feb 10, 2022, BigdataThe price is still in a high uptrend. It looks like we're in a bull market.
BTC is creating new support/resistance levels while moving up.
Current support/resistance levels:
– 41553 USDT
– 42591 USDT
– 43277 USDT
– 43760 USDT
– 44164 USDT
– 44766 USDT
* Calculation is based on 16.82M of trades