DELSU MTL COMMUNITY

A typical example of a ranging market

Gm people

Gm broo

JUST IN: 🇺🇸 Senate delays Crypto Clarity Act vote until after summer recess.

Where u enter yesterday, my guy?😏

Gm traders 🐦‍🔥

How're we doing?

Today's topic of interest: CHARTS

Now, the first and basic tool of any trader is the chart

This is where most analysis, especially technical is done(We'll talk about technical analysis later on)

Now the chart reflects the movement of price within a given time period

Think of it as a graph, with the price of a particular asset(currency pair, commodities etc) on the y-axis and the time period on the x-axis

In other words, chart is a record of historic price action.

The charts shows us what price has done in the past, what price was at every given moment even down to a second, and how exactly price moved.

There are different time frames on the chart which allows you to gain access to information from different view. For example, there's a chart for 4hrs which allows you to view market movement from the past 4 hrs as indicated by the candlestick(which we'll discuss tomorrow)

On any chart, you'll get to do ur analysis using different tools and indicators. These will help you understand better how price has been moving historically, in order to grasp a view of how it will move in the future and spot potential opportunities in the market

Exactly 💯

You just strike a point now.... thanks bro.

I agree with you 💯 on having diversified portfolio. Cus the older we becomes the weeker our brains gets.

That means ... what you insinuating( implying) is that is it advisable and important one have like two or three source of income during his or her trading journey in life.

JUST IN: 🇺🇸 Federal Reserve is no longer projected to raise interest rates next month after US records 3rd largest monthly job loss since 2020.

JUST IN: 🇺🇸 Michael Saylor says "Bitcoin doesn't need Clarity. America needs clarity."

Expect a wonderful bull runs on crypto and gold metals very soon With the way inflation is reducing.

JUST IN: 🇺🇸 President Trump says "crypto is a big deal."

"I see more and more where people are paying with Bitcoin. They don't even know about cash anymore."

I keep saying it by 2030 -2031. The world will become totally digitalised that business tycoon will no more be using cash for payment instead crypto.