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Summary
Core Theme
Technical Analysis (TA) is a method of understanding market trends and price movements by analyzing historical data and sequences to identify probabilities of future price actions, enabling traders to make informed decisions about entering and exiting trades for profit.
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think ta means second analysis sorry if
I wasn't clear
it's basically analyzing trend sequences
and information to get a mathematical
way of understanding what is the
possibility of achieving this what is
the possibility of price going from this
level to this level
okay now let's slow Katz ever knows gold
less than a gold okay Charlie let me
remove all drawings get rid of
everything the way to look at Ta is you
start from higher time frames like
tempos did same thing you understand
look at Ta by understanding high time
frames and through that trading first
and foremost is about making money okay
that goes without saying everyone wants
to make best way to make money is to
understand TA and how and where to enter
trait meaning where to go long or buy
stock or where to sell stock or short
right you can make money both ways so
first and foremost looking at gold right
every knows about gold people go long on
gold as a thing it happens to everybody
all around the world
gold as you can see has been going up
right red is selling people selling is
red candle Green is people buying okay
but in trading in sells and buys and
sells there is both sides for every buy
there will be a sell for every cell that
will be a buy because someone has to buy
something sell right so the printing is
done at closes so you see a green candle
but does it necessarily mean it's people buying
buying
it means that a printed green it
actually closed quite bullish if bullish
is a term used when you have a trend up
bearish is a term used when you have a
trend okay now looking at this just
looking at gold as you can see from 20
odd years ago since 2001 it has been
slowly but surely climbing up until it
goes to this level but this is a level
level is a zone in price where people
buy them and bought 1500 gold here or
sell someone sold 1500 gold here this is
per ounce okay
so at this level this is the level
withheld mean this is the level people
were interested in buying for so long
here and then after we break it what
happens there is a shift in what we call
trend bullish and we have a short-term
pullback and in smaller timeframes you
the small the higher the timeframe the
bigger the sequence the smaller the
timeframe the smaller sequence okay
now looking at this chart as a whole
just looking at this chart you can
understand where people bought and sold
where people were interesting in buying
and selling and this is where making
money comes into play is because if you
are buying at levels at places where
others are buying as well what that
means is you get a price increase but if
you're buying at places where part of
those people are actually interested in
selling then what you get is you are
buying our places where people sell off
to so you're buying at these levels so
what we look at is what we call support
and resistant support is a level of
people where people would interested in
buying and resistance is a level where
people are interested in selling or what
we call covering covering is basically
doing the opposite of buying in this
case if you are long you are covering to
short sell if you are short you are
covering to buy okay
the covering basically means you are
being risk adverse and doing the
opposite of what you did before so long
to shorts I know it gets a little bit
technical but this is where the bad the
little proof is in the pudding so when
you're looking at levels you go now you
have understood that we have broken
below this level here okay in the
smaller time frame we have a very easy
sequence as well we have a sell off so
people sell start selling and then
people are actually interested and
buying at these levels and this
and there is what we call a pivot these
levels and these sequences happen all
the time in any timeframe in BTC and
I'll give you a couple examples and
these sequences is where you are most
liable to make some money and why is
that is for a simple and simple reason
okay because now you have a trend and
that is going up right it's a trend that
is going up what happens if you break it
you do not want to be holding this gold
right you want to be selling it before
they break it because the price is gonna
go down so you are looking at where
should you buy to uphold the trend where
should you buy this gold so as to make
sure trend is still up and you're buying
it to make sure that you are going to be
profitable because you are working with
trend you are trading with trend
thus you look at these levels and what
we call swings and you put your entry at
higher lows which means it's a higher
level than this low here this is the low
and this is higher than that so thus
becoming a higher low and this is your
long and most generally the way you want
to be trading is you want to be risk adverse
adverse
so that means having stop losses so
entry with the stop-loss here and
entering on this ticker here targeting
topside most of you if you are being you
know been trading for a while or a
couple of months this might be
completely obvious if I want to just
start with something really new and
really newbie friendly and everyone said
a gold so it just makes complete sense [Music]
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