alanmasters

Quick Strategy To SELL @ The TOP (4 Beginners)

BITTREX:XRPBTC   Ripple / Bitcoin
Look at the following chart:

snapshot

Notice that when the candles form a large stick on top (basically the candle is pointing downwards), then we have a few candles of resistance or pullback.
In this example it isn't so obvious, because this coin right now is in a very strong run, but you get the idea.

After the first candle closes and give you the signal, you can sell at the following candle and then expect a retrace.

Let's look at a clearer example:

snapshot

Then you use the support level to buy back. This is called a swing trade, this can make you lots of money. But if you get it wrong and go on panic, you can lose a lot as well.

Additional tip: The indicator "TD Sequential", which puts the numbers on the candles is another HUGE indication of a coming retrace.
On the same chart above, you can see that the #9 produced the biggest fall.

If you want to take this to MASTER level, learn how to read candles.

That's it. ENJOY!

TIPS/GIFTS ARE WELCOME:
BTC: 1FuixEqRubccPr9RxZpFTRAzXhwS4j2Qh3
BCH: 1QHoxyb6eWeTUJQ7umFUSKcCZCGckfx14H
LTC: Ldqto38KKv2wibUBqdaEYN6k7EDMAfBbqm
ETH: 0xb0212a2338eaebd110adc5ca254e23396cc88cd2
ETC: 0x7374fccf45b20f68f444b654402c22246165a366

More strategies below, in the "related ideas" section.
Please read them. Thanks.
Komen: Just now, the example on the chart, 2 hours warning to sell near the TOP:

snapshot
http://Alanmaster.com - Private &VIP - Cryptocurrency trading learning platform, for advanced and beginners alike.

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Mantra: Om Stanesha Vahtu Nevehem
Greaaat explanation mate! Thank you for the lesson, may be now I lost fewer. Very helpful :)
Balas
Hi Alan, I'm a fan of you now. I've been reading all of your posts the last few days :) I have a question regarding this, so which candle do you use ? Eg, 1 day or 2 hours ?
+7 Balas
Mr_AT PhamHoangLe
@PhamHoangLe, just take a look at the picture, at the very bottom of every picture, there are line with numbers, those numbers mean hours, so it is very easy to calculate that every candle is an hour :)
+2 Balas
@Mr_AT, Thanks for the help.

You can also look at the title, next to the coin name, it says "60", which stands for 60 minutes.
Balas
Hi @alanmasters, can you elaborate on how "TD Sequential" is a HUGE indicator for a coming retrace ?
Thx for the amazing vide again.
cheers
+5 Balas
@erdolo, Sorry, I don't have any info about it, I just look at the numbers and go with it. I've also been told that there is mixed info about this indicator online.

All I know is that it gives you a trend, either green or red and when it changes, the trend is changing.
Balas
Thx for the analysis
Balas
Still don't fully understand when to pull the trigger on selling based on the candlesticks. In your examples, there were a few times when it looked as if a similar sell pattern was emerging, yet prices continued to go up.

Do you have any additional examples or resources (or clarity)?

Thanks!
+8 Balas
Cheers!!!
Balas
Thank you CryptoBuddha for all of your kind lessons.
Balas
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