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.
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.
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.
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 want a fluid bias that can change easily, rather than one relying on 10 steps of conflicting confirmation before entering a new trade
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.
two types: halves and wholes
two directions: up and down
why are they called halves?
well...simply because they're halves of wholes.
it then becomes very simple as the direction of the side thats not flat dictates if you're bullish or bearish.
trendline up = bullish ... trendline down = bearish
it's that simple.
wholes are interesting because with halves, your trendline dictates that price will *CONTINUE* in that direction...
while with wholes your trendlines actually dictate that price will *REVERSE*
well...that wouldn't be true in every market environment.
but when you're participating in a market that trends as hard as crypto is right now...it certainly can be
the god triangle.
the way way that price cycles, momentum does as well.
coins rally, then they cool off, and then they either rally more or reverse.
it represents a continuation in trend.
so if price was going *up* into the triangle, its bullish
if price was going *down* into the triangle, its bearish
within the triangle, price is compressing.
remember price goes up, then stalls, then either keeps going up or reverses.
expansion -> compression -> expansion
you place your stoploss either below the trendline...or below the previous low that was set within the triangle
this is how you give yourself high hit-rate, high R/R plays.
the god triangle gives you the best of both worlds.
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