Bitcoin + Ethereum - End of the Week Charts Update - May 8, 2022

We get a new candlestick on the weekly charts for BTC and ETH at zero GMT - which is 7pm Chicago USA time. The percentage up or down for the week appears at 7:00:01 and every Sunday I'll walk you through the weekly, daily, and hourly charts, identify the trend and point out any buy or sell signals the CCI gives.

The CCI gives four buy signals, and four sell signals. The most important one is when it breaks above or below the zero line. My strategy is simple! A coin is moving up when the CCI is above zero, and moves down when it breaks below zero. If all you ever do is use the zero line buy/sell signal, you should do well.

Volume is the most important indicator on a chart. When volume drops, so do prices to attract buyers at a price they find to be a better deal. It takes increasing volume to move prices higher most of the time. The biggest volume spikes are at tops and bottoms, and it takes big volume to break above a level of resistance.

Do you want to learn how to read charts to become a more successful trader? My strategy can be used for day trading and swing trading stocks and cryptocurrencies. I started trading stocks in 2001 and cryptocurrencies January of 2020 and I know charts very well. That happens when you watch live charts 12 hours a day, 300 days a year for twenty years.

I have two courses on Udemy - https://www.udemy.com/user/tomwatson

The first covers fifty charting technical indicators. The second course showing my trading strategy went live in 2004 on my website, and six years ago on Udemy. My trading strategy works as well now as it did in 2004, and I think it will still work well twenty years from now. ... https://www.youtube.com/watch?v=in6q3pPwLYY