ETHUSDT 03 SEPTEMBER 2021 (Market situational awareness)
This is really just to easy. Okay I'm kidding yes, its tricky/ One of the best things we can do is make things easier for ourselves.
How?
Look for key supply zones
Look for key demand zones
Expect profit taking (selling) at supply zones
Expect profit taking (buying) at demand zones
Once you enter a previous demand or supply zone. allow the market to "test" that zone.
In order to know what the test result is, you need to read volume. Volume will tell you if the zone is "clear" (path of least resisitance).
Price will be drawn towards low pressure areas until it finds pressure. It is literally the way this works (in a nutshell). The sooner you see it, the sooner you can exploit it..... And I didn't make this up by the way, its just the way it is.
The secret in in the volume. It is 100% all about supply and demand.
Does the supply pressure outweigh the demand pressure? If yes, price goes down
Does demand pressure outweigh the supply pressure? If yes, the price goes up
Be patient and place alerts at key levels. Once price reaches tihis level, yo ucan start narrowing it down to determine what the markets next move is.
If you want to do a deep dive in how the market works start here (free resources):
Sources of education:
Richard Wyckoff
Tom Williams Volume spread analysis VSA/ Master the Markets
Pete Faders VSA* Sam Seiden (supply and demand)
Read the ticker dot com
Wyckoff analytics
PsychFX
MentFX
Element 15 trades (bitchute/odessy)
Avoid buying into weakness/supply/resistance
Avoid selling into strength/demand/support
Avoid entry when price is in middle of a range (phase B)
How?
Look for key supply zones
Look for key demand zones
Expect profit taking (selling) at supply zones
Expect profit taking (buying) at demand zones
Once you enter a previous demand or supply zone. allow the market to "test" that zone.
In order to know what the test result is, you need to read volume. Volume will tell you if the zone is "clear" (path of least resisitance).
Price will be drawn towards low pressure areas until it finds pressure. It is literally the way this works (in a nutshell). The sooner you see it, the sooner you can exploit it..... And I didn't make this up by the way, its just the way it is.
The secret in in the volume. It is 100% all about supply and demand.
Does the supply pressure outweigh the demand pressure? If yes, price goes down
Does demand pressure outweigh the supply pressure? If yes, the price goes up
Be patient and place alerts at key levels. Once price reaches tihis level, yo ucan start narrowing it down to determine what the markets next move is.
If you want to do a deep dive in how the market works start here (free resources):
Sources of education:
Richard Wyckoff
Tom Williams Volume spread analysis VSA/ Master the Markets
Pete Faders VSA* Sam Seiden (supply and demand)
Read the ticker dot com
Wyckoff analytics
PsychFX
MentFX
Element 15 trades (bitchute/odessy)
Avoid buying into weakness/supply/resistance
Avoid selling into strength/demand/support
Avoid entry when price is in middle of a range (phase B)