BPOI - FAST TRACK TRADING ACADEMY

BITCOIN IS KING

One thing you must understand is that Bitcoin dictates the market and up to 99% of crypto assets will follow what Bitcoin does unless there is a news catalyst or assets start to outpreform Bitcoin during Alt Coin Season.


It therefore becomes important to always track Bitcoins movements which we do on a daily basis. 


An example would be this.


If you see that Bitcoin is trading directly underneath strong resistance then it would be unwise to open any positions in alt coins until Bitcoin breaks the resistance or moves lower and bounces off support.  Bitcoin becomes your guide.


Most of the time...

If Bitcoin moves lower altcoins move lower.

If Bitcoin moves higher altcoins move higher.



As a trading group we are looking for strong bullish patterns to form and then we are looking for the breakout of that pattern for an entry position.  Before we enter that trade we are looking to see what Bitcoin is likely to do within a similar timeframe.  By doing this it will to improve our success rate when trading.

WATCH US CARRY OUT A SIMPLE TA

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