Captain Faibik

An Ascending triangle is a bullish continuation chart pattern. The pattern is formed by two converging lines. The first straight line is a supporting bullish oblique, also known as the "ascending triangle support line". The second line is a horizontal resistance, also known as the "ascending triangle resistance line". An ascending triangle is confirmed/valid if it has good oscillation between the two lines. Each of these lines must have been touched at least twice to validate the pattern. NB: a line is said to be "valid" if the price line touches the support or resistance at least 3 times. This implies that the ascending triangle pattern is considered valid if the price touches the support line at least 3 times and the resistance line twice (or the support line at least twice and the resistance line 3 times). An ascending triangle’s price objective is determined by the high point of the triangle’s base, which is plotted on the break out point (above the resistance). Another technique consists of drawing a line parallel to the ascending triangle support line, from the first contact with the resistance.

V TOP Pattern 📉 A V top is an inverted V-shaped peak as its name suggests. The peak is very sharp. Investor irrationality leads to a sudden price rise, then a complete retracement of the bullish movement in the aftermath. A V top often occurs in a bullish trend and announces a trend reversal. However, it may also form in a bearish trend. A V top regularly appears after an economic announcement that has taken investors by surprise. This is a sign of high volatility. The pattern’s neck line is formed by the low point preceding the formation of the inverted V The pattern’s theoretical objective is the distance between the neck line and the highest point of the inverted V that is plotted on the neck line. Several criteria make it possible to identify a V top: - The highest point of the inverted V is often formed by a single candlestick (often with a large high wick, which indicates the investors' desire for a reversal) - The sudden bullish movement that forms the inverted V is driven by a very steep bullish trend line. The price hardly pauses during the movement. - The angle of the bearish line leading to the bearish reversal must be almost identical to the angle of the bullish line that led to the bullish movement.

V BOTTOM Pattern 📈 A V bottom is a V-shaped trough as its name suggests. The trough is very sharp. Investor irrationality leads to a sudden price fall, then a complete retracement of the bearish movement in the aftermath. A V bottom often occurs in a bearish trend and announces a trend reversal. However, it may also form in a bullish trend. A V bottom regularly appears after an economic announcement that has taken investors by surprise. This is a sign of high volatility. The pattern’s theoretical objective is the distance between the neck line and the lowest part of the V that is plotted on the neck line. Several criteria make it possible to identify a V bottom: - The lowest point of the V is often formed by a single candlestick (often with a large low wick, which indicates the investors' desire for a reversal) - The sudden bearish movement that forms the V is driven by a very steep bearish trend line. The price hardly pauses during the movement. - The angle of the bullish line leading to the bullish reversal must be almost identical to the angle of the bearish line that led to the bearish movement. The pattern’s neck line is formed by the highest point preceding the formation of the V.

"If you want to know the future, look at the past" stop worrying and look at the facts, #Bitcoin had gone through Bear Market in the past, and it recovered with new heights every time. It's just a matter of time 😉

5 Reasons Why Beginner Traders Fail!! 1: No Trading Plan! Most beginner Traders wont do proper due diligence and wonder why the Crypto market is losing them money.... A proper trading plan is very important in having success in the Crypto market. 2: Panic selling! A lot of beginner traders see a stock drop in price and sell due to the fear of losing their money. A stop loss is very powerful. Having a stop loss set is important to know your max loss if a trade goes south. 3: Neglecting Trade Psychology! Understanding FEAR and overcoming GREED are crucial in successful trading. A trader that trades based off of emotion is asking to fail. Stick to your strategy and keep emotions out of it! 4: Lack Of Patience! Time in the market is very important. Do proper Due Diligence, Pick a Coin to invest in and let it ride! Most people begin trading and start getting in and out of stocks. Find a Crypto your passionate about and enjoy the ride! 5: Lack Of Commitment Any successful trader started out losing money, there is a learning curve. To many traders start out in the market and expect it to be a get rich quick scheme, it is not. You will fail, But if you can overcome failure you will succeed.

10 Lessons I've learned about money: 1. Money only solves money problems— Then you're left with problems money can't solve. 2. The more money you make for other people, the more money you'll make. 3. Skills are the best hedge against inflation. 4. Anyone who says money can't buy happiness hasn't given enough away. 5. Money loves speed. Wealth loves time. Poverty loves indecision. 6. Active income that you like is the goal, rather than "passive" income. 7. You cannot do a good deal with a bad partner. 8. The goal of sales is to get the prospect to make an informed decision, not to buy. 9. The difference between being rich & being poor is how convicted you are when you say "money doesn't buy you happiness." 10. The person who gives the money— NOT the person who takes it is in control.

The Parabolic Curve is probably one of the most highly prized and sought after pattern. This pattern can yield you the biggest and quickest return in the shortest possible time. Generally you will find a few of these patterns at or near the end of a major market advance. The pattern is the end result of multiple base formation breaks.

A recession is a significant decline in economic activity that lasts for months or even years, and technically can be validated by two consecutive quarters of negative GDP. Recessions are times of economical downturn and struggle in the majority of sectors, spending is low, prices are high and general industrial production takes a major hit. Economies are like life itself, you have ups and downs, peaks and low points and there is usually a middle ground of balance between them for sustained periods. Obviously, events such as COVID, when the US was forced to print more money than ever before, this adds huge strain on the macro economy, technically just giving away ‘free’ money. Economies need to be able to expand and contract over time and allow room for growth, a recession is just one of those negative moments in an economy when times are just generally tough on all market sectors and the general public. Investors in this environment are extremely risk-off, due to the lack of growth in the economy in general there is a major lack of trust that stocks and companies can perform well, most market participants who manage their portfolios will try to get into cash as soon as possible and just adapt their plan just to be able to survive, this obviously has a negative effect on stock price and general market sentiment.

This one is relatively straightforward but this is important data you will hear about from the US over the next few weeks and months, and as mentioned previously is just another data point that can be easily used to determine when a recession could be on the horizon which in turn means when economic growth will halt. (bad time for stocks) The unemployment rate is just simply the % of the working population out of a job. When jobs and plentiful and companies are aggressively hiring we can determine a healthy economy is currently taking action, the unemployment rate will decrease as more and more of the workforce are working. On the flip side, when an economic downturn is approaching companies will swiftly put a halt on hiring and when it comes to recessions we see companies letting go of working at a swift rate.

Typically calculated on a yearly basis the GDP is the "total monetary or market value of all the finished goods and services produced within a country’s borders in a specific time period. So generally we can tell how much production is being finished and completed inside of the ‘US’ for example, and we can use this to determine how healthy the economy is, in terms of production and product. For example, growth and production in the US have been climbing at an incredible rate since the last major recession that took place in 2008, but in 2020 when businesses, factories, and industrial entities had to close for weeks and months on end, the GDP took a nasty nose dive due to production being halted. The GDP can be used to get a good picture of production and the overall size of an economy but technically nothing much more, this data set does not take into account any living standards or population. So a country that has a massive population is obviously going to have a larger GDP and we cannot compare country to country to determine health, but just studying the US and how it might affect the economy can give us some good data on recessions or macro hardships that could be on the horizon. If you did to compare country to country in terms of GDP, you would need to calculate the GDP per capita which is simply the GDP divided by the population. This allows us to take a look at the general standard of living, how and countries population is working and earning, and how that GDP is compared to similar countries.

Inflation in its most simplistic form is the decline of spending power over time within a certain currency, for example, 20 years ago a loaf of bread might have cost you $0.50, and now 20 years later that same loaf of bread might be $1.50/$2.00. Why? Inflation is calculated by looking at CPI which stands for Consumer Price Index, this is the measurement of the monthly change in prices paid by U.S. consumers for a select basket of goods. The US follows a select number of key goods and services such as food, energy, apparel, services, travel, etc to determine how the average US consumer is spending, is it increasing or decreasing every month? The further goods and services increase over time, technically means the less of these goods and services we can buy with each dollar, this then has a knock-on effect, wages have to be increased to keep up with inflation and higher prices, and then good and services need to increase to pay higher wages. Luckily to keep this under some type of control, we also have deflation which is the same except when the CPI drops. The biggest factor as to why inflation gets such large increases over time is because the government that is backing the currency such as the United States simply prints more and more money. For example, for COVID the united states printed $5.2 trillion dollars to help get the economy back on its feet after the economy closed. It’s impossible to print $5.2 trillion dollars out of thin air and then expect not for repercussions later down the line, now we will get nasty inflation, recession, and even possibly a depression where CPI decreases dramatically (spending slows), prices of goods and services increase and interest rates are at huge premiums.

Interest rates (when it comes to the US), are the general market rates on how much a general consumer has to pay interest on lending money from the government. So for example, if I want to purchase a car, I take a loan of $10,000, if the interest rate is at 5% then I am paying back $10,500 when completing my loan agreement. The higher the interest rates, the less lending is happening within an economy. The lower the interest rates, the more lending is happening within an economy. The federal reserve of the US has to determine the best rate, this best rate trying to be a number that balances the economy well. Interest rates usually fall in a recession as loan demand declines and investors seek safety, but start to increase as investors feel more risk and consumers feel safe in a stable and safe economy. If you think about it, it’s obvious that people want to buy houses and cars when interest rates are lower, they pay less, have better terms, and can afford to make the purchase. Likely you have seen lots of talk about the FED for the past few months, FOMC meetings, and basis points for interest rates (bps). To put it simply the FOMC (Federal Open Market Committee) will set a targeted federal funds rate eight times a year which is what you are seeing with people talking about basis points on Twitter. Exactly 8 times a year, the FED will adjust interest rates to be able to balance the economy into a ‘healthy state'. The past FED meeting happen just last week, and the outcome was a 0.75% increase in interest rates in the united states of America.