About Me and some basics Cryptocurrency trading Patterns.

in #cryptocurrency7 years ago

Hey There Steemers!

First of all, Welcome on my Steem Blog, I believe that´s how it´s called here, heh.
My name is Tibor, I am trader and also Chart Analyst. I mostly look at Crypto markets, I just love their Volatility!

At first I invested small amount of money into Market right before a bull run, I was happy. I was up 140% in just a few days! But my with greediness I was able to get no profit, but loss.

I though I would just profit more and more.. Yeah sure.
This Event made me curious about how the whole market works, I have studied a lot, been trough lot of sleepless nights, watched tons of videos about trading, charting etc.

I was really hungry for information and actually very interessted, that has led me to making my own charts and finding my own trading techniques.

These days, I am mostly trading on Binance or doing charts on Tradingview as a Hobby.

Okay, but to the Point.

The First I have learned was Pattern in the Candlestick charts as I knew how candles works before.
Mkay, So there is about 20 Patterns you can find in the Graph, such as triangles, head and shoulders, flag, wedges..

They are actually not that hard to find, here is an example of how they can look like, and what happens when they occur :

patterns.png

Mkay, first there is a Pennant followed by 22% breakout.
Another Pennant with 12% upward movement.
Ascending Triangle with 14,6% upward movement.
Then, there is the bearish pattern, called Head and Shoulders, It looks just as it sounds like, the pattern drove price down about 9%.
Last one in this chart is a Flag, with just a few % movement upwards.

If you was able to find all of these patterns just in the right time, you could have made about 50% in just about 4 hours, that doesnt sound that bad, does it?
All of these patterns are on 1 min candlesticks, they have occured in 9 hours, so yeah, there is lot of patterns in Charts!

If you find my Post interessting, let me know, if you would like some similiar stuff about trading, charting, indicators and so on, let me know in the comments down bellow, Thanks!

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Welcome to Steemit @maigovic!

I wish you much success and hope you find Steemit to be as rewarding and informative as I have.

Yes, I love Crpto too! Lots of detailed analysis on my blog along with some predictions

Here are some links you might find useful.
Your stats on SteemNow
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How to use Minnow Booster
How does Steemit actually work?

Introbot is hosted and managed with donations from @byColeman to help make your journey on Steemit be truly rewarding. Your feedback is always welcome so that we may improve this welcome message.
Oh yea, I have upvoted you and followed you. Many blessings from @introbot & @bycoleman

One more thing just crossed my mind a moment ago.
Im assuming that you're new here and i would like you to understand that steemit is quite full of spam. Luckily steemit community related to blockchain technology and cryptocurrencies seem to be quite mature.
You will realize that there is many people out there who are trying to help newcomers or simple promote themselfs by sharing their knowledge and experience. I strongly support what they do and I myself decided to spent few minutes a day looking for new members of this society that are having similar interests.
My goal is to help those new members who can really contribute into this community by sharing my experience and by upvoting and commenting future posts.

After all this is still quite new platform and it's up to us to shape our little community.

One more time, welcome on steemit and I wish you all the best!

Cheers,
Piotr

Hi

Thank you for #introducingyoursef.

Thx for sharing your knowledge about patterns. Very valuable.

I noticed that we both share similar passion towards cryptocurrencies and blockchain technology :)

Im myself quite new in steemit community but I realized that there are few things you could do to have a better start:
Mostly I invested a little bit in STEEM in order to purchase STEEM POWER and STEEM DOLLARS. Why? It's simply important. Without initial investment it will be very hard for you to build reach here and be noticed.

Im not sure if you ever heard about this site: http://steemd.com/@your_username
Example: https://steemd.com/@example
Perhaps you know it already :)

If you will reply to this message (that would allow me to believe that we may develop mutual engagement and help each other) then I will follow you and upvote some of your future posts.

Cheers and good luck, Piotr

Hey @ maigovic welcome to Steemit I'm new here as well. Some great insight into the world of trading. I still think of trading as gambling, but it's fun and a nice way to start out investing perhaps.
@danielbliss

Welcome to Steemit.
This is a platform that rewards you for your actions and transactions, but the truth is, it sounds simple but it is deeper. I know a community that can help you settle in as soon as possible and show you around.
You have to grab the opportunities all around you. At Steem Schools we give you knowledge and educate you how we make $500 in your first month yon steemit.
Be a part of our discord channel because in Steemitschool we only win together.
Join us on discord
https://discord.gg/rdgU5tt

GREAT to SEE you! I guess, welcome aboard the Steemit Train! You are already a great blessing to us all by being on this platform with us.All for one and one for all! Namaste :)

welcome to steemit my friend. Remember this system uses a blockchain, so everything you post will be permantly saved somewhere.

Welcome to the platform! Please subscribe to my channel and I'll do the same for you! We can build the community together.

I hope you dont mind another "short" message :)

I figured that you may not ever know what steem power and steem dollar is and how to use it on steemit for your own benefit.

Check out this article (not mine, but very well written):
https://steemit.com/steem/@kevinwong/why-should-you-consider-accumulating-steem-power

Also if this is not enough then another good explanation can be found here: https://99bitcoins.com/making-money-with-steemit-steem-dollars-and-steem-power-explained/

You can find loads of good material also you youtube.

Let me underline why in my opinion it is important to power up your "steem power". At the beginning you will start your adventure on steemit as so called "minnows". Which simply means that you are "nobody". That's how I see it.
Most of those who invested into steem power are helping (SP) also those who have some SP and they help and benefit each other by upvoting their own posts.
If you have no steem power then your upvote has absolutely no value which make things more difficult, as many bigger players only will not treat you seriously.
That's anyway my own impression here so far.

Cheers, Piotr

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