Bill Williams once stated, winners not only correctly interpret fundamental and technical information but also understand underlying structure of the market.
Bollinger Bands are a powerful technical analysis indicator created by John Bollinger in the 1980s. Bands and channels provide relative definition of high and low which can be used to identify trends and measure volatility.
You knew it from the start – this trade was going to be a winner. You’ve read every Tweet, every Telegram post, every inch of the website. You’ve scoured Linkedin and know everything about the dev team, and it’s finally paying off.
Markets are brutal. It’s a zero-sum game by design – the success of one trader means failure of others. In order to survive and thrive in such conditions your personal approach to the market must not only be superior than others but also complement your personal style.
The word “Disruptive” is so overused these days, especially in the crypto space, that I feel like it has lost all meaning and it’s almost never applicable to projects that purport to revolutionize the industry they operate in. Fortunately there are a few exceptions to this and I believe FunFair is one such instance.
Most of the newcomers to the cryptocurrency space have a “get rich quick” mentality which contradicts basic trading strategies. It’s understandable given the “homeruns” of 50x or more that happen constantly, but it’s not for everyone and can be a recipe for disaster in the long run.
A bearish engulfing pattern shakes this thought from your head as the first signs of doubt creep in. The downward trend continues. Soon, the volume begins to dry up. You’re bleeding, but alive. What comes next?