Thank you, teacher! It is very kind of you to help us become better traders. I do have one question though: you have said that it is best to wait for 2-3 days and then enter a trade - otherwise the breakout might be false. However, would this be applicable to trading cryptocurrencies as they tend to have a very volatile and bouncy nature? Sometimes 2-3 days could mean that you have missed the train and you might enter right before a correction starts. Wouldn't this advise be more suitable for stocks and commodities (before I started buying gold 3 years ago I was told that gold was volatile, but ..man, compared to bitcoin and other cryptos, gold's price is ..boring)? Cheers, my friend!
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@humblestudent i think you are right but it depends on the time frame. if you are looking bitcoin price at 1D then you probably wont missed the train. But if you are looking at 30M you probably yes