CryptoSoulz

Lessons
Cheat Sheet

https://twitter.com/_Soulz

https://discord.gg/zzeNyCQrUC

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 Disclaimer:
Majority of the illustrations and drawings are
all the property of
https://www.instagram.com/tradingous/
We thank them for letting us use it
We merely used it to provide and share
information to the people.

Thank you.

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A Word from Me:
I hope these images and my explanation will help you to improve your system
and get more confident as a trader.
You should look at these images provided while watching Charts and PA (Price
Action).
Repetition, experience and discipline is what makes a trader successful. You
will not see this pattern if you only read it one time. But if you study it often and
watch TA (Technical Analysis) habitually, your eyes will learn the patterns.

I encourage you to study some of the patterns mentioned, it will make you a
profitable trader. You will know what to expect on every MS (Market Structure).
Invest in yourself. Read as much as you can about Technical Analysis.
Could change your life, like changed mine.
Accept failure as a lesson of the journey. But never stop studying and improving
yourself, if not market will humble you.

I've spent sleepless nights watching at charts, how they develop on low TF,
training my eyes, and I was failing and not profitable at the beginning, and I
didn't know what I was doing wrong, and thought about quitting.
Guess what, I didn't quit. Studied harder and let time do its thing.
What I didn't know is that I was preparing myself for the future, for the day of
today. All journey starts with failures and success, accept both, and don't quit.

We all started from 0, the important decision is to start.

Thank you for reading me. Always willing to help.

Sincerely yours,

Soulz

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 Chapter 1

CHART PATTERNS

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 ISLAND PATTERN
Price drops from support (now turned resistance)
Test resistance and retraces.

Price makes a bottom and starts the accumulation, after that a rally starts
and breaks resistance.

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 DOUBLE BOTTOM PATTERN
A double bottom pattern is a bullish trend reversal pattern (we call the
opposite a "Double top")

It has 3 parts to it:

1. First Low - 1 Price rejection.
2. Second low - 2 price rejection.
3. Neckline.
(Not every double bottom pattern is as clean as this)

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 DOUBLE TOP PATTERN
DOUBLE TOP Chart with upwards trend
Here you have another example on how to trade a Double Top with a
previous breakout of resistance now turned into support.

Easier to understand.
If you see one on a chart, look at this image to help you out.

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 BULLISH PENNANT
Personally, it’s one of my favorite bullish patterns. They are easy to
identify on 4H-1D TF.

Always search for the wicks of the bearish and bullish candles. Draw
them on a trendline or use Fibonacci

The pattern should close in wedge, like in the photo

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 HEAD AND SHOULDERS
A "HYS" pattern is a chart formation that appears as a baseline with
three peaks, the middle one should be highest.

The "HYS" pattern is believed to be one of the most reliable trend

reversal patterns.

Bullish-to-bearish trend reversal.

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 CONTINUATION PATTERNS
Continuation patterns are extremely important to know. They usually
repeat on charts.

Shared some with Entry, SL and TP.

They are more accurate on HTF

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 Chapter 2

TRADING STRATEGIES

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 CANDLESTICKS
Candlesticks patterns are very useful if you know where to use them.

You can see many candlesticks pattern in a chart, but only a few of them
are valid.

The most reliable ones are those who are created on supports and
resistances

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 STOCHASTIC STRATEGY
I personally use this type of strategy on my investments.
Found a divergence between price and the indicators and wait for a
reversal strong candlestick (in this image an engulfing bearish candle)

Overbought on RSI + Stoch: 70%

Oversold: 30%

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 ADVANCED PRICE ACTION
(3 DRIVES + FALLING WEDGE)
Price action is the art of reading the charts with your eyes.
Sometimes your eyes are the only indicator you need to become a
successful trader.

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 SNIPER ENTRY
If you want to increase your accuracy, you have to look for the sources
of the trend, which are demand and supply zones.

Trading at this level can provide you an accurate trade, with a small stop
loss.

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 BULLISH REVERSAL
Here is an example of trading a bullish reversal with a break of structure.

Words on red and the market structure below the chart will mark you
what's happening.
Watch the bearish channel and the break out of the demand zone, that’s
a usual pattern.

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 BEARISH REVERSAL
This is a bullish channel (HH and HL) that reverse to a bearish structure
(LH and LL)
Supply zone = Resistance

This could help you identify a reversal trend.

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 CONFLUENCE TRADING
In this example you can see how to open a high probability position
using trend-based Fib, Stoch-RSI, double bottom and mourning star.

Having different reasons to open a position can increase the

probability of your setups.

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 BEAR TRAP STRATEGY
This is quite common on the market.

Price breaks below support to kick out the early traders, then
breaks above it and pulls back.
Retests and makes an HH.

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 “FAKE IN” STRATEGY
"Fake in" is a trap for those who trade breakout and retest
entries.

As you may know, market is trying to counter traders in many

situations and this is one of them. Being aware of such patterns
can improve your trading.

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 DIFFERENT TRADERS
Each trader has his own system, his own vision. You will not find two
different traders with the same chart.

Find where you are comfortable with. This comes by practice.

(My system and setups are similar to the first trader)

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 DIFFERENT ENTRIES
Each trader has his own setup, system, edge.
You will find it when you feel confident with yourself in one specific
time frame.

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 STOP LOSS
The stop loss should always be your invalidation point on that market
structure.

SL is stipulated by Technical Analysis.

It’s the sit belt of your car.

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 TYPES OF BREAKOUTS
In the image of below you have 3 types of breakouts.

At the left the chart (candlesticks) and at right the market structure

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 KNOW YOUR RISK
This example shows you that HYS has many options to take a trade.

Different setups. Not only 1.

(With SELL I mean; SHORT POSITION)

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 PRICE MANIPULATION
Once you understand how the market moves and how the MARKET
MAKERS manipulate the price, you would be more profitable.

(This could happen on any TF not only Daily one)

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 BULLISH TREND EVOLUTION
Knowing the MS is crucial on trading. You should ask for yourself;
Where are we now?
Bullish or bearish trend?
In the middle or the beginning?

Ask yourself and find the trend. The trend is your friend until it ends.

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 Chapter 3

INDICATORS
&
ZONES

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 SUPPORT & RESISTANCE
Market always has a structure and a sub structure.

Using multiple TF would help you find reversal zones better.

I use 1D even Weekly for major.

And 4H even 1H for minor.

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 SUPPLY AND DEMAND
Supply and demand zones can be found at the breakout level of static
supports and resistances.

A Supply zone forms before a downtrend.

A Demand zone forms before an uptrend.

S/D zones are also known as accumulation and distribution zones.

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 DIVERGENCES
Price action demands experience and trading.

If you are an amateur trader and you want to use oscillators, the Relative
Strength Index (RSI) would be a good option for you.

Divergences are seen there.

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 MACD DIVERGENCES
You could also use indicators to see bullish or bearish divergences. For
example; RSI or RSI+STOCH.

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 MOVING AVERAGE
Here is an example of trading with just 1 moving average.

The moving average is our entry setup here, so when we have both
confluences together, we can open a position.

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 Chapter 4

MISCELLANEOUS

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RISK TO REWARD RATIO

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 IMPORTANCE OF A STOP LOSS

It's one of the most important rules of Risk Management. Set your
invalidation point.

If you don't have an invalidation point, your asset could depreciate

strong and fast.

And you could think. Depreciation of 80-90%?

Yes. Look at last bear market.

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 MOST BEARISH AND BULLISH
CANDLES
BUYERS AND SELLING STRENGTH
Candlesticks can help you understand the buyers and selling pressure.
Distance between open and close candle is called body (most important
part of it)
The close price is more important than the open price, shows you which
side was in control.

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Again, thank you for reading this, I hope this provided you with much
information. Expect more of this from me.

I would like to give a special dedication to:

@EmperorBTC
@CrypNuevo
@LeviathanCrypto

And a thanks, for helping me to acquire all this knowledge to:

@trader1sz
@BloodgoodBTC

And also, my Discord Mods who help me manage the server:

@de1vee
@lvvvrai
@Ish
@Cryptoshrimp420
@ironfzt_
@Cawvess

Free, as always
Soulz

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