Yesterday's dump gave us a great entry for all our hold bags. | Hashed Plutus (Crypto Signals, Technical Analysis, Education and News)

Yesterday's dump gave us a great entry for all our hold bags. Today, I'll be explaining a simple concept for filtering trades.

In trading, if you get your MTV right, you are covered.

M: Momentum
T: Trend
V: Volatility

Though all 3 can be gauged from naked price but still if one wants to use dedicated tools, one can use the following:

Momentum: RSI/MACD
Trend: MA/ADX
Volatility: BB/ATR

None of them are private scripts. All basic and simple to use.
People ask me why I stick to my EMAs and SR levels all the time when I've learnt more complex strategies. The answer is simple. I am a strong believer in market psychology. I want to see the same thing a common investor would see.

Basics

A normal investor knows previous support and resistance levels and will set his orders accordingly. We as seasoned traders know exactly what they look for and just use a few early confirmations to enter the same trades at a better price.

I'm sure alot of channels will feed you with the $BZRX, $ADA, $XLM trades today.That's a domino effect. I might not be the best in understanding the charts, but I try to understand people and that gives me the edge.