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Bitcoin Chart 8-2-18 BTC USD Cardano-Time to buy the dip? Cardano quickly rose to worldwide renown after its public launch[...] RSI & bollinger bands essentially tell the same story. They are day trading indicators that show overbought and oversold areas. These indicators are particularly important to pay attention to because they give you a good gauge on potential areas on where buyers and sellers might come into play.
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You need to find the right instrument to trade. When doing this bear in mind the asset’s support and resistance levels. The more frequently the price has hit these points, the more validated and important they become.
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The long wick candlestick is one of my favorite day trading setups. The setup consists of a major gap up or down in the morning, followed by a significant push, which then retreats. This price action produces a long wick and for us seasoned traders, we know that this price action is likely to be tested again.
Inspirational (84) Education – Understanding market intricacies isn’t enough, you also need to stay informed. Make sure you stay up to date with market news and any events that will impact your asset, such as a shift in economic policy. You can find a wealth of online financial and business resources that will keep you in the know.
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