TRIANGLE MASTERCLASS - a thread.

what's the simplest, most effective method of trading a market that trends as hard as cryptocurrencies?

trendlines.

one trendline on its own is strong, but when you put two together you quickly realize just how powerful this simple tool can be.

i've been using triangles for as long as i can remember.

it seems dumb, and almost counter-intuitive to approach such a complex game like trading with such a simple approach like shapes...but maybe when markets start acting stupid its okay to dumb down our approach.

look, not all triangles are the same.

anybody can draw some lines on a chart any way they'd like. sometimes, we let our bias affect our charts rather than the other way around.

i personally have done this more times than i can count.

you see...triangles (and analysis as a whole) is not necessarily intended to make trading easier as much as it is to make trading simple.

you want a fluid bias that can change easily, rather than one relying on 10 steps of conflicting confirmation before entering a new trade

trendlines enable us to maintain a fluid bias.

i mean, how much simpler can it be than "above this line bullish, below this line bearish" ? 😂

one trendline on its own can be enough to make a good trade, but when you put two together it can turn a good trade into a great one.

PATTERNS - a thread.

what do dairy products, shampoo and the very first couple all have in common?

the answer is lines, shapes...or rather patterns that traders use to predict where price is going in the future.

for years now, i've used these patterns systematically and have no clue how i would navigate my trading without them.

if i'm being honest i mostly learned from studying and trying to replicate charts from legends like @inversebrah, @LSDinmycoffee and @LomahCrypto

now patterns are supposed to make your charts simpler rather than adding unnecessary noise.

i've made TONS of mistakes in terms of bad, low effort and flat-out invalid patterns with my charts.

with analysis its very easy to make your charts look they way you *want* them to.

there have been some very expensive lessons as a result of these mistakes, but if those mistakes lead to knowledge i can apply to the future then it makes it all worth it.

i guess you can have fun staying poor...anyways

what did I learn? a lot.

there are countless patterns, and if i'm being honest you can almost "create your own" to suit your bias.

but for now, lets focus on three: Adam & Eve, Head & Shoulders and Wedges.