* Bitosaurus is aliiiive! * BITCOIN trading live 24/7
Category : People
Posted by snapbot  . Nov 22
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Video Description
You are watching a very unique Bitcoin technical analysis.
It use Fibonacci ratios + support/resistance to find the best zones to enter and exit the market.
Here's what to know when looking at the charts:

- Green and red rectangles are BUY and SELL area. These are the areas where the momentum has shifted enough to give us upside/downside potential great enough to consider buying or selling Bitcoin.
- Yellow circles are what I call "Critizal zones". These areas are perfect for day traders because the odds of seeing a big price move from there is great. Getting into a trade in these zones with a low risk and high reward ratio is a good idea.

The software I use is Metatrader 4 (MT4)
The pricing feed is made by averaging prices at all the most popular crypto markets.

About me:

My name is Rick and I live in Mont-Tremblant, Canada
You can contact me on my website http://livebitcointrading.com

Tips for beginning traders:

- Trading is hard. 90% of traders never manage to be consistantly profitable.
- Greed is your enemy.
- A good trader is a good risk manager.
- Use Stop Loss and dont move them in the middle of a trade.
- The more leverage you use, the more certain you will fail.
- If you cant sleep at night, your positions are too big.
- You need to manage your emotions. Try meditation.
- You dont need to have positions open at all time.
- An average of 1% profit per week compounded will make you filthy rich.
- A good strategy is not the most important part of your success. Discipline is.
- Repeat this mantra: “I am a very good trader”

PS: Please dont use this mantra: “I am the best trader in the world!”, this one is mine.