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.
