Do you suggest drawing tend lines on the 12h chart, or is that a preference? @KingKrypto9
KingKrypto9
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@BTC_Astrologist, a preference--you should draw trend lines on the timeframe that is most useful to your method of trading. I trade using the 4hr, 12 and daily chart so I draw trend lines on all of them to find key areas in the market as well as confluence
BTC_Astrologist
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@KingKrypto9, okay thanks. I only make a few trades per week, so I've been learning to identify trends on the daily and weekly charts. For me, It's difficult to have success when looking at smaller time frames. It's easy to get caught up in the chop and cost myself for trading without any actual plan.
BTC_Astrologist
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Thank you!
I found this very helpful.
KingKrypto9
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@BTC_Astrologist, thank you for watching and I'm glad it was helpful!
AK18078
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This was a brilliant way of explaining actually got that the first time, few mnutes and away we go
Great article! Don't fret on entry and price prediction, rather spot early trends, get on with enough diversification, ride the trend to the end. Nice!