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🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas,
View the chart in the 1h, 2h, 4h, or 1D time frame?
After 13 years of observation, I see that most trading teachers and even experts in suits sitting on Vivi to lecture with me also do not grasp and effectively apply this. This is the truth, do not take it personally. If you see shortcomings, please supplement them as it directly benefits the scholarship, bringing economic advantage and reputation to you. Don't be like those fortune tellers (, I also practice fortune telling ), because of a large ego and arrogance, they fail to recognize their own shortcomings.
The crypto trading curriculum does not arise by itself, nor is it inherently available in universities. Initially, it borrows from the graph theory built upon the principles of chart analysis according to the models and principles of discrete mathematics ( nonlinear mathematics ) applied to slow-moving and limited securities in the market.
One of the basic, important principles of nonlinear analysis is the Riesz Principle. Simply put, if there are 10 rabbits and 9 cages, then if each cage contains a rabbit, there must be one cage containing 2 rabbits.
This principle is extremely important in applying trading in the limited market. If you don't understand it, you won't understand what pump and dump are.
The concepts of railly, accumulation, bull run... are all applications of that principle.
We need to deeply understand one thing: The curriculum for teaching trading and then charging students is built by us using self-taught knowledge, borrowing some concepts from classical securities ( to unify the language for better understanding ), while some others are taken from others. LOL ( no arguing ) hehe. So whenever we go on vivi or online, we all speak the same, generally and endlessly, then misunderstand the concepts the same way. The only difference is the voice.
The timeframe application for each type of market is different. Depending on the smoothness and continuity of the chart ( continuous derivative ) at the smallest time frame, the application is used.
Choosing the timeframe 1h, 2h, 4h... reflects the current state of the market. That is, sometimes using 1d but for the same market, 2h is used, and sometimes 15m is used.
Sometimes it takes 2 hours for this market, but for another code, it has to take 1 day. This is because the market states of the two codes are different.
Specifically.
When the market is on a bull run or rally, use 2h.
When the market is in accumulation, then use 1d.
When the market is in a fomo or panic climax, use 15m along with 1h.
The fast market today is completely different from the slow-moving market of the past due to old techniques. A token fluctuating because of something in New York would take a week for that news to reach London. Today is different; in less than 0.1 seconds, a candle can make you rich or leave you in the dust.
The world today is flat. Traders are divided into 2 types of people. Some sleep while others stay awake.
Traders and robots trade with each other.
Sharks use persistence and combat strength to deplete the trader's health first, then seize your account while you are weakened in spirit, health, and clarity.
The 2-hour chart reflects the opponent through the screen, whether they are awake or asleep. If they are awake, it means they are in the same time zone as me; otherwise, they are in a different time zone.
If you don't understand that, then why trade? If you don't run out of money, you'll still be exhausted early due to health deterioration and won't be able to understand how to apply the charts.
If you don't understand, your students will still be like factory chickens. At the beginning, they just hold the colorful bag and are still confused.