When trading with or buying your cryptocurrency on an exchange (even if it is your first time), you should always observe the order book before placing your orders. »What even is an order book and why the hell should I care to look at it?« you may ask. Here I’ll explain everything you need to know in order to read the order book as well as any other savvy trader and use it to your advantage.

The order book is an electronic list of all buy and sell orders of a cryptocurrency, which are organized by their price. It’s dynamic…


This is the second part of my “How To Find a gem” articles. Decided to cut this guide into multiple parts so everyone can take their time and study it in detail.

  1. Social Signals

After the fundamental analysis, you should analyze the so-called Social signals. This includes everything that can be found on social media, telegram groups, discord groups and other similar platforms. Why is this important? Because with the social media analysis, you can understand the market sentiment of the project, which should not be underestimated.

Telegram and twitter are usually used by teams working on crypto projects as…


In the recent whirlwind of crypto-mania, it became difficult to find new untouched opportunities. While each day a new cryptocurrency is created without a real intrinsic value or purpose, the demand for finding the next gem in the dirt climbs higher and higher. All of us want to be ahead of the game and find the next best token that will solve an unforeseen problem or create amazing convenience (and at least 10x our investment of course).

To our demise, distinguishing such projects from the pointless or downright scammy coins became tougher and tougher as every team wants their project…


Simply put, the Moving Average Convergence Divergence (MACD) is a trend-following momentum indicator. To calculate the MACD, the 26-period exponential moving average (EMA) is subtracted from the 12-period EMA, and if you want to read more about these MAs, check out my previous couple of blog posts. As a result you get the MACD line (shown as a blue line in the graph below). On top of the MACD line, the “signal line” is plotted (shown as a yellow line on the graph) that is calculated as a 9-period EMA of the actual MACD.

The MACD and signal lines are…


Last week we looked at what different types of moving averages (MAs) are and how they differ from one another, so if you haven’t read that, be sure to check it out so you’re ready for the practical tips on how to trade MAs that we’ll be talking about today.

Everything below will be relevant for both SMAs and EMAs. So how do you know which one to use? As always, backtesting is the way to go. …


When you look at a chart posted on Twitter, you might wonder what those additional lines apart from the price action even mean. They’re called indicators, and in this article, I’ll tell you about the most widely used indicators out there: moving averages or MAs.

There’s two kinds of moving averages: simple (SMA) and exponential (EMA). We’ll start, appropriately enough, with SMAs. Essentially, at each period (each day on a daily chart and each 4-hour candle on a 4H chart, for example), the moving average is a single value: the average of the closing price for the last N periods…


One of the most popular strategies in trading is to look for breakouts. But trading them isn’t as easy as it might seem, so here are some tips that you need to keep in mind if you want to do it right. I remember losing a lot of money early on by getting in either too late or too early, so I hope this will prevent some of you from doing the same.

First of all, what is a breakout?

A breakout is simply a move outside of a particular pattern or structure. It can be either bullish (breakup) or…


Beginners only care about making money. They are celebrating their WIN’s but they ignore their losses. To become a professional trader you need to understand where and why you lost capital. Many times emotions influence our decisions, that’s why you need to learn how to keep the profits, and how to have a long-term career as a trader.

You need to learn to stay calm during trades and try to avoid emotional mistakes. The cryptocurrency market does not have emotions, but you as a person do, and you need to understand that they will influence your trading decisions.

Let’s look…


Trendlines are one of the simplest and yet one of the most important tools used by all t when traders. Whether you’re trading stocks, forex, crypto or soybean futures, you need to understand trendlines.

Luckily they’re not that difficult, so even if you don’t have any previous knowledge you’ll be able to understand them fairly quickly, so let’s dive in right now. A trendline is simply a line that you can draw on a chart and which touches a succession of lows or highs. If it touches the lows, then it acts as support, and if it touches the highs…


Support and resistance (S/R) zones are the first things every trader should learn before jumping into the markets. S/R are horizontal zones where the price might reverse due to strong buying or selling pressure. Mastering S/R strategy can make you rich, but you need to use them appropriately and more importantly stick to your plan. Throughout the years of trading I noticed that many traders draw their charts correctly, but in the end they do not stick to their plan and end up losing money.

Lets quickly look at the definition of S/R and look at examples.

  1. Resistance ~ How…

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