How to use price actions for commercial success
The world of cryptocurrency trading can be very unstable and unpredictable. Thanks to a wide range of coins, exchanges of stocks and commercial platforms available, it is easy to capture the noise and make impulsive decisions based on emotions, not a solid market analysis. However, a thorough understanding of price activities is needed to make informed commercial decisions and achieve success in this space in rapid development.
What is a price campaign?
The price campaign refers to the actual movement of the currency price in time. It covers all the small and small fluctuations that occur when prices interact with each other, including the spread of bid-AK, the order flow and the market moods. By studying the price, traders can obtain valuable information on market behavior, identify trends and make more aware commercial decisions.
Understanding the price of the price
There are several key elements of the price to understand:
- SALDE-AK BID-AK : the difference between the purchase price (offer) and the sale price (request). A small spread indicates the bid-ak balance.
- order flow
: volume of orders that enter or leave the market, which can indicate trends, feelings and liquidity of the market.
- Mercato feeling : the emotional state of the market, reflected in the price movements and in the flows of orders.
- Trends lines : graphic presentation of the currency price movement over time, indicating the direction and strength.
How to use price actions for commercial success
To use the power of the price in the field of commercial success, follow the following steps:
1.
- identifies reasons : Search for repetitive drawings such as:
* Stubborn or bear tendencies
* Head formations and weapons
* Squeeze the eye and motifs of candelabra (for example hammer, shooting star)
- Analyze the flow of the order : Study the flow of the order on the graph to understand market moods. To search:
* Shopping pressure: high volumes that enter the market with stubborn prejudices.
* Sales pressure: low volumes that leave the market with bears.
- Moor indicators on the market : uses tools such as Bollinger bands, RSI (relative resistance indicator) or MacD (divergence of mobile convergence) to evaluate the moods of the market.
5
6.
- DIGINALLY RESTIVES THE ORDERS : Use the information collected by the Prices Actions to adapt the orders in real time.
Advanced techniques
To further improve the commercial strategy, use these advanced techniques:
- Use the average medium (masses) : combines with other indicators to confirm the trendy directions and identify the reversal.
2.
- Use Fibonacci levels
: use a harmonic analysis to identify potential commercial skills.
Application
The price campaign is a powerful trader tool, allowing you to obtain valuable information on market behavior and make informed commercial decisions. By developing a daily graph, analyzing the flow of orders and observing the market loud indicators, it is possible to use the price of the price for commercial success in the world of cryptocurrency. Remember to always adapt your strategy dynamically based on a price campaign and never rely only on emotions.