Trend lines Flashcards
1
Q
What are trend lines? (First letters below)
S
R
P
C
A
Support, resistance, patterns, channels
2
Q
What 3 things makes a good trend line
A
3 touches on trend line, 2 is speculative
- ideally touches not call scattered in one place
Bigger time frames means stronger level / trend line
3
Q
How to draw a trend line
A
Connect high point with another high or low with another low
Try to draw to wicks, but don’t let them mess up a trend line, doesn’t have to be perfect
4
Q
What should you not force?
A
A trend line, if it’s not obvious it’s not there
What time frames does cryptocred often use
1H, 4H, 1D
5
Q
How to learn how to draw trend lines / chart?
A
Spend hours looking at the chart, it’s the only way
