The Difference Between Crypto Fund And A Common Hedge Fund
Although the various types of crypto funds sound similar to those applied for fiat currencies, crypto funds have significant differences, owing to the nature of this currency. The most common type of fund for fiat currencies is hedge funds. Though we do have a form of crypto hedge funds being practiced currently, they are not similar to the common hedge fund.
What differences do you know?
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Price Flip” levels are levels where the price has done just as the title says and that is; it has found either a
support or resistance level and it has flipped to become a new level. For example; price may be holding as a solid support level and then price breaks through the support level and this level could become a price flip level and look to become a new resistance level.
This is a pattern that works time and time again in the Forex markets and is one of the best lessons traders can
learn for marking their charts and also looking for high probability trades.
Old levels are constantly flipping and holding as new levels and this can happen from as far back as years that
price will continue to flip and respect the same price flip level.
It doesn’t matter how many times the level acts as a price flip because the same principals apply which is that
old support becoming new resistance and vice versa, old resistance becoming new support. The chart below shows how a price flip works in action;
For traders to make trades with price flips and mark them into their charts, they need to be able to mark these price flip levels before they have been confirmed.
What I mean by that is; a lot of the time when traders are marking these new price flip levels, the price would have just broken out of a new support or resistance level and the trader will be looking for that same level that price broke out of to hold as a new price flip level.
This level will not, as yet be confirmed as a new level, so traders need to make sure that when they are taking
trades from these price flip levels that they enter with solid and high probability price action trigger signals.
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