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More from @jackis_trader

J A C K I S

@jackis_trader

17 Jun

Fibonacci Retracement 📚

One of the most effective tools for profitable trading everyone must know.

▪️ What is it?
▪️ Why are they such a powerful tool?
▪️ How to properly use them?
▪️ Hot to define strong trends?
▪️ Advanced techniques?

1/16

▪️ What is it?

Fibonacci retracement levels are horizontal lines that indicate where Support & Resistance are likely to occur

They are based on Fibonacci numbers. Each level is associated with a percentage. The percentage is how much of a prior move the price has retraced

2/16

The most commonly used ratios include 23.6%, 38.2%, 50%, 61.8%, and 78.6%. Although you can modify them and put any number you find the most valuable for you.

In simple words, they are nothing more than a % retracement from two price points.

3/16

Read 16 tweets

J A C K I S

@jackis_trader

15 Jun

Moving Averages 📚

💎SECRET INFO inside

🧠Great for both beginners & advanced traders

▪️ What are they?
▪️ Types of MAs
▪️ Why are they such a powerful tool?
▪️ How to properly use them?
▪️ My best SECRET EMA value?
▪️ Which Timeframe to use?
▪️ Advanced EMA technique?

1/20

▪️ What are they?

Moving average is nothing more than an average price of the last (value) of candles.

If we are gonna use an example of MA(50) it is gonna be the mean price of the last 50 candles

General rule:
Price above = Bullish 🐂
Price below = Bearish 🐻

2/20

▪️ Types of Moving Averages

1) Simple Moving Average - SMA
2) Exponential Moving Average - EMA
3) Smoothed Moving Average - SMMA
4) Volume Weighted Average Price - VWAP

There are a few more but these are the most important in my opinion.

3/20

Read 20 tweets

J A C K I S

@jackis_trader

14 Jun

Inside Bar 📚

▪️ What it is?
▪️ Why is it so powerful?
▪️ How to use it?
▪️ Fakeouts?
▪️ Which Timeframe to use?

1/14

https://twitter.com/jackis_trader/status/1284487087505506306

▪️ What it is

An Inside Bar is a simple 1 Bar candle that is hidden inside of the previous OHLC candle

There are two types:
▫️ Inside body & outside wicks
▫️ Inside body & inside wicks

If you are not familiar with what OHLC means read here:

https://twitter.com/jackis_trader/status/1284487087505506306

2/14

▫️ Inside body & outside wicks

The body of the candle closes inside of the previous body candle but wicks below

- Weaker of the two

3/14

Read 14 tweets

J A C K I S

@jackis_trader

9 Jun

My current lower time frame outlook on the #Bitcoin price alone

As you know I'm a bull, have been and will continue to be. But it's important to stay realistic about the price as everyone is getting super excited atm :)

We are still in a range and init we probably stay a bit longer.

However, for the current present, we should be moving up.

We faked the range low which was highly anticipated and now reclaimed the so important 35K.

Some small dip here, maybe retest 35K and then move towards 40K is the outlook for this week.

How we get there & react is for a further observation but for now, I'm thinking we gonna retrace a bit again, scare the last people off and start going up again, marking this THE Bottom

Read 4 tweets

J A C K I S

@jackis_trader

31 May

#ETHEREUM outlook - THREAD

I think a lot of people tend to overcomplicate things

We gotta stay true to the basics & those are that we are still in a healthy bull market. This is not hopium, it's what it is

Price only came back to retest the previous supports and reacted nicely

This is obviously very bullish and if this would be your favorite #altcoin on the hourly timeframe you would be buying with haste.

The problem is this is not an hourly timeframe but a weekly and that takes time to play out.

However, most people truly are zoomed in on the hourly and they sell right into the big support when the market is in FEAR and that's never a good play.

Read 8 tweets