Bitcoin: 2 trading tips for BEGGINERS!Bitcoin has been in a $30,000 to $67,000 global consolidation for more than a YEAR. You can see on the chart that Bitcoin was down -31%, -36%, -58%, -25%, -52%, -19%. If you use a leverage larger than x2, you could be liquidated multiple times!
Do you want to increase your deposit? Use risk and money management! These are simple rules that help to calculate the risk of your position and the amount of money to buy CRYPTO.
For example, Bitcoin price is $40k and you see a sqeeze under the trend line. Knowing that 60% (6/10) of the time such trend lines break UP, you can divide your capital into 10 parts and buy Bitcoin for 20% of your money with a target of +25% to $50k. That way, the chance of losing your money is minimal (-1-2%) and the profit will be +5% to capital. If you have $10,000, you will earn +$500 per trade. Not bad, don't you think?
In addition, you can also use the short positions, it means to earn on the falls. To do this you:
1. have to understand the basics of trading
2. need to have a desire to study and earnr
This is a short and basic description of risk and money management principles. Trading is easy, but knowing the basics is essential.
If you still have questions how to use the RISK and MONEY management to increase your profitability - write in the comments or to the DM .
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. Always make your analysis before a trade.
D-ETH
AXS, how to trade using KEY LEVELS? FREE education!Key Level. How can a common tool help you to earn more? Let's take Axie Infinity (AXS) as an example!
A key level is a local minimum or maximum. It can be clearly marked after a BIG price movement up or down (points of extremum). Key levels are often the price of 1, 10, 50, 100 dollars, because many traders pay attention to this numbers.
On the chart we have marked two key levels:
1. lower (for longs) - $44.68
2. upper (for shorts) - $72
When to open a trade:
1. on a test of the key level as support or resistance;
2. on false breakdown of the level.
IMPORTANT: IN BOTH CASES, VOLUMES MUST INCREASE! It`s an indicator that a big player opens a trade too!
Using the KEY LEVELS you could earn: +62%, +62%, +38%. Risk to reward for these trades from 1:7 to 1:14(!). It's a good statistic, right?
If you still have questions how to use the key level and what tools can be used to increase your profitability - write in the comments or to the DM.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
BTCvsS&P500! Is volatility the key to SUCCESS?Bitcoin versus the S&P500! Why is volatility so important?
Volatility is always an opportunity for the trader and investor. But what is it?
Volatility is the ability of price to change in % over a period of time. Buying Bitcoin and the S&P500 at the same time close to the lows you would earn +$400 and the S&P500 +$130. The same with short positions. Volatility helps a trader to earn more!
The price of Bitcoin has been very dependent on the S&P500 lately. Bitcoin is down by 52% from its ATH and up by 47%. The S&P500 is down by 14.6% and up by 13%.
Why such different changes in price and how to make money on it? It's all very simple! The total value (capitalization) of the S&P500 is about $40 trillion. The value of all Bitcoins is about $0.9 trillion. Let's imagine that the S&P500 and Bitcoin gained +1 trillion dollars to their value. The S&P500 price would rise by +2.4% ($41 billion) and Bitcoin by more than 100% ($1.9 billion).
I have been in trading for a very long time and I can tell you that your INCOME depend on your skills. If you have a trading strategy, use trading tools, money management and risk management, you can earn more.
Friends, if you still have questions, leave a comment or write to DM!
Friends, press the "like" button and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
Is SHIB in the ACCUMULATION phase? Identifying the WHALES!Shiba Inu (SHIB) is one of the most popular project of 2021. After the accumulation phase, it rose by about 1000%!
Now the token has dropped by 70% of its ATH and has been consolidating for about 2 months. Could this mean the beginning of a new growth phase?
Accumulation phase is the purchase of cryptocurrency by BIG players to sell higher to the retail investor.
There's not a lot of HYPE around this token right now. Retail traders who have lost 20-50% of their money are starting to sell out in a panic. At this time, the BIG players buy the available tokens from the market to sell higher to new traders who will come on the next HYPE. The same situation as it was in 2021!
It is important to say that if Bitcoin starts its drop, then altcoins will drop too.
Is this really the accumulation phase and we close to RENEW the ATH? We will only know after some time, but we already see the signs of accumulation phase on the chart.
Friends, press the "like" button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
FOLLOW THE RAINBOWWhile technical analysis is usually NOT easy, once in a while it can be.
This chart - which shows the TOTAL MARKET CAP minus ETH & BTC - just so happens to be one of those rare cases, and some simple pattern recognition is all it requires to see the obvious similarities that exist between the two fractals/structures. Assuming the pattern holds, expect to see price bounce one more time within the final (purple) circle before...BLAST OFF.
An NFT ManualHello, Let us talk about 'NFT.'
In this post, we will read about NFTs, where to find them, and how to buy them. Furthermore, what are they really?
Indeed we have all read this sentence since this is the first thing that comes up when we Google NFT:
"A non-fungible token is a non-interchangeable unit of data stored on a blockchain, a form of digital ledger, that can be sold and traded. Types of NFT data units may be associated with digital files such as photos, videos, and audio."
Well, it is not wrong. It is a non-fungible token that can be traded.
They are mainly formed in 2D and 3D art forms.
You can profit from hundreds to thousands of dollars by buying and selling NFTs.
However, you need to be careful because there are too many scams out there. Many people get hacked, phished, or follow bad projects and lose their money.
Before answering the most FAQs, have in mind that NFTs can be built on many blockchains, traded on many platforms, and bought with different types of cryptocurrencies.
However, we will focus on the main, primarily used methods in this post.
Where should we find NFT projects?
Twitter, Instagram, and public/private chat rooms provide this information.
Nevertheless, Twitter is where it all happens. All NFT projects advertise on Twitter, and we can see by the number of their followers, likes, and comments, how genuine their community is and if it is a worthy project or not.
Where can we get access to mint/buy?
Once we find our desired project, we should find them on discord and join their server.
Different projects have different methods to White-List us to get us early access to mint/buy. Some require invites, some require being active and being helpful to their community, and some have their own unique rules.
Once we get past those requirements, we will be White-Listed to mint earlier than other people.
Where does it all happen?
Mostly on Opensea. When we buy or mint an NFT, we need to list it to trade it or sell it again.
That is when we need to pay Opensea for making a listing. Then we can list our NFTs on that listing and either take offers or set a fixed price for them.
What wallet do we need?
MetaMask is the wallet that is being mainly used in order to buy or mint NFTs. It is a safe wallet, and we can easily create one for free without identification.
What browser should we use?
Yes, Safari for Mac users and Chrome/Edge for Windows users is the preference we are familiar with.
However, when talking about NFTs and MetaMask and much money, we need to switch to something safer and more compatible.
Brave Browser is the one for this use. It also provides its own wallet, but we can always connect our MetaMask.
What is minting?
Most simply:
When we decide to buy an NFT, we have to produce it, validate it into existence, create a new block for it, and set its information.
Do not worry, it all happens automatically, we only need to pay the Gas fees.
Important tips:
Turn your DMs off on Discord.
Do NOT connect your wallets to unknown websites.
Use Brave Browser.
Have you ever traded NFTs? What do you think the pros and cons are?
Let us know your ideas.
Good luck.
Momentum in the Markets ✅✅✅✅ I will look at the momentum to understand if price has power to move towards my take profit area or no, a perfect scenario is when i enter a long or a short order the momentum should increase from candlestick to candlestick not decreasing, increasing momentum meaning that price has fuel and it is not exhausted.
🎯 Increasing momentum - bulls/bears has power, they have fuel to push price
🎯 Decreasing momentum - bulls/bears are losing power, they dont have fuel they are exhausted.
‼️ Take a look at this concept in HTF starting from H4 - MN
Kindly see the photos attached with bullish/bearish decreasing and increasing momentum.
⚠️ Read this if you trade ⚠️The impact of the subconscious and emotions on trading with simple solutions.
Why can't we make a profit even though we have a correct analysis of the chart?
Why does the price return from where we sell it?
Why do all those who enter with a small volume make a profit which is also a small one, but when the same one is entered with a large volume, it becomes a loss?
Why do we get scared and sell soon?
Why are we so hopeful when we are at loss, but still close our position in the same situation?
Maybe these and similar questions have arisen for you in your trading, but where is the problem?
Why is it that even though we know everything and predict everything correctly, we still don't make much money?
The answer to all these questions lies in the subconscious. As you know, the subconscious is programmed by us, and an important duty of the subconscious is taking the necessary actions when the conscious is not able to, and these actions are taken according to the plan.
The ones we give ourselves come into being.
The subconscious mind usually appears when we are experiencing emotions (happiness, excitement, fear, anger, sadness, etc.) and takes the necessary actions.
For example, when we make a lot of money, we feel happy, and from here on, the decisions are based on emotions, or when we lose and get upset or angry, and from now on, our decisions are still based on emotions.
So here is the problem.
What is the solution that emotions take the permission to function correctly from us and we can not do the necessary work properly?
In order to solve this problem, we must point out the cases that cause emotions to be extremely dominant and decisions to be sent from the subconscious.
1- No entry strategy: Many only listen to the news for trading, which is certainly harmful, there is news for friends who have no entry and exit strategy, and they are the first group to be easily preyed upon by whales.
What is the strategy? Strategy means selecting an entry, exit, and stop-loss point based on specific techniques and conditions. This is done before entering and opening the position. The problem is that many of us only think about the entry point and we never know where we are going to sell. We just want to sell whenever we go up a little, or we may even have a price for sale, but we do not place an order for that price, and we want to sell whenever it reaches that price.
Rest assured, in the second case, you will never sell at a good profit because the subconscious does not allow it, and a voice in your ear says: it is going up, do not sell!
So strategy in one sentence means knowing what I am doing and to know how much I will gain before I enter a share or cryptocurrency and also if I've made a mistake, how much I will lose.
So if you do this before buying, you won't have to deal with feelings and you will find the correct and logical points to enter and exit.
If you are going to decide what to do after the purchase or when you are at a loss or a profit, be sure that all your decisions are made unconsciously. And you can not have the correct performance and in 90% of cases, your position is closed with a loss.
Correlation with the equity markets still troubling cryptoIf you find the analysis useful, please like and share our ideas with the community. Any feedback and suggestions would help in further improving the analysis!
Quick glance: It has been an absolute bloodbath across the cryptocurrency spectrum over the past few days. We saw BTC and ETH dropping to approx. $33,000 and $2100 respectively. Retail traders and investors seemed to rush for cover.
Market in the last 24hrs
It has been quite a volatile market over the past 24 hours. The market seemed to be hitting new lows every hour, after a period of massive volatility. However, following the recovery across the stock market, the cryptocurrency market imitated the same move. The traded volumes also shot up almost 40%.
Today’s Trend analysis
On a weekly time frame, we can see that both BTC and ETH are very close to the weekly support zones. For BTC, the support zone lies between $28,800 to $31,500. For ETH, the weekly support level lies at $1800- $1900. If this level breaks, we could see BTC heading towards $27k and ETH hitting $17k. Needless to say, both would be available at a bargain.
However, we are seeing a quick reversal on a smaller time frame at the moment. Although this might be the beginning of a recovery or simply a dead cat bounce. On the technical front, we do see a double-top formation, which is again a bearish pattern. In that case, we could expect a further dip in the coming times.
The ongoing cryptocurrency crash isn’t being caused by something crypto specific. Financial markets are crashing across the board. Unfortunately, crypto is still quite correlated with the stock market, and anything that happens there will eventually affect the crypto market. Fears over the Federal Reserve increasing interest rates have kept financial markets on their toes. and the answer seems to be China. Property developers in China have started to implode, and this has driven the Chinese central bank to lower interest rates in an attempt to push domestic markets higher. This is a pretty big deal because China had previously stated that they would do nothing of the sort.
While we do believe that the cryptocurrency market could go lower from here, that doesn’t mean the market is dead. With several institutions raking in billions of dollars, it is a good buying opportunity. A look at the on-chain metrics clearly shows that the whales are continuously buying the dip right now.
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The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 24-hour candles.
Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume .
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Do give a follow if you liked the content.
Keep supporting:)
-Mudrex
Do you know how to use trendline breaksNot often do you get an opportunity to show a real world example of a text book move - live.
Here's a simple educational post showing the two major types of breaks of the trend.
This is the current price level as of the 24th of Jan 2022.
You can see this as a corrective break - the main reason for this, is that the chart is only the 1 hour, whereas if you zoom out to the 4 hour you will see this move about to happen on the chart.
If you go back only a couple of days - you will spot this on the chart.
Here you can look at the Stochastic indicator and see what it's showing during the move up the trendline. How you can anticipate the break and even have a pretty good idea as to it being either corrective or impulsive ahead of time.
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If you are unsure of how to apply trendline or where they should go; take a look at this post below; click the image for the post.
Last year I managed to catch a live example of another text book move; this was the move down (distribution) on the Bitcoin move from 64k. Using slightly more advanced techniques. But it's similar core concepts at work. If you haven't seen the Wyckoff distribution post, again here's the link.
And Finally - the biggest dose of education you will find on @tradingview_
I hope this is useful to you, if you are trading crypto right now.
Have a great week!
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Crypto NotesHi traders!
I did not plan to make this post but as Crypto markets are currently falling I will share some of my Crypto
notes that have helped me to navigate in Cryptoverse.
Side note: This is not the only way how to trade Crypto markets. Sharing just some information. Eventually every trader have it's own methods and beliefs.
Being early is a great advantage in Crypto
If you want to discover good projects early that have high potential then some work is needed to put into research. Nowadays there are so many projects (not only BTC & ETH)
and it may feel sometimes overwhelming. Good way is to focus on some specific sectors - this will help to set some boundaries. Of course these sectors (or new trends)
can change as we are dealing with fastly moving technology. If you find something and are able to get in early then it means an entry with low price.
When project is successful you will make X multiple gains (you can replace X with any number you like). But research is only
one part of the work - trade management is also needed. Of course being early has its own risks - at the beginning there is a lot of uncertainty and not all projects are
going to succeed. Trader will have greater earnings potential but also greater risk of failure (compared with mature projects). Everything is in balance.
I personally feel quite comfortable being early - that's why I also like to invest into startups. I value high earnings potential more than risk of being wrong.
Being early gives me some sort of price protection or margin of safety ( check concept 'Margin of Safety' from book "Intelligent Investor - Benjamin Graham" ). This will allow
me to deal with volatile price swings more easily.
I guess it's just like my personal trait. If you don't feel that way then it is perfectly fine. As I said earlier, you can be successful with different strategies.
Just find out what style suits you best.
Scale In & Scale Out
As I have longer view with my Crypto holdings I like to scale in with my buying. For me good entry points are after selloffs - as long as I have a belief that
general market structure has not changed.
I have my core positions that I will plan to hold for years but I also have other positions that I am willing to sell. I try to scale out from those positions
when market is rising to lock in some profit. Doing that will allow me to put some money aside and have gunpowder to buy more after
selloffs or fund new early stage projects.
This takes some practicing because sometimes market rises so nicely that trader feels like there is no point to sell until whole market is down ...
It is hard to predict those events and that's why I prefer to scale out. I try to play the long-term game and I don't have to do all my buying or selling
with one trade.
Liquidity Planning
Basically I will ride all the ups and downs (hold strategy) with my core positions but scale out (trading) from other positions. Then I have always some reserve
to add more during selloffs or to fund new projects. I try to plan ahead how much reserve money I need and make myself available to as many opportunities as possible.
For long time I underestimated Liquidity Planning's importance and that has caused me to sell many positions too early (or when conditions were not most favorable) - simply
because I did not led my cash flows.
I thought that I just 'flow' and find money when opportunities lie in front of me.
Final thoughts about Crypto markets - as Crypto is going more mainstream every year and probably there are some new market participants who have never experienced
this kind of selloff then just relax - this is not the first and not the last market selloff. Remember - usually when fear is greatest there are also some good
opportunities. People tend to forget that and only focus on risks.
If some mistakes were made during previous leg up then now is good time to learn and plan ahead. That's how we evolve as traders and humans :)
Thank you and enjoy your trading :)
Trading Roadmap for 2022Happy New Year to everybody.
Here is my roadmap for financial year 2022. It is simplified version but generally it says everything about what to do.
Plan:
Everything starts from the plan. It is very hard to navigate financial markets without it. As markets move constantly it's very easy to get lost
or become controlled by emotions (fear and greed for example). The trade plan is a tool that helps us. It takes some market knowledge and experience
to develop a good plan and then discipline is needed to follow it. Also sometimes there is a need to modify the plan when conditions change drastically.
Wait:
Patience is essential part of good trading/investing. If you miss some opportunities then calmly wait for another ones - they are always coming.
Execute:
Do what you have previously planned. It is a trade management - also important part of trading. You can be right with timing but without
trade management you could easily see all your 'paper profits' disappear. On the other hand you can be dead wrong with timing but with proper management
it is possible to squeeze more out of that trade than from previously mentioned example.
Accept Results :
Probably hardest part to deal with when things are not going well. People just don't like to lose money but this is part of the game. I always try to think
about it as cost of doing business or the amount of money I need to spend to make myself available for the winning trades.
More info about how to deal with the losses can be found from my earlier posts:
Trading in the Zone
Trading in the Zone 2
Accepting results happily takes some practicing :)
Learn:
Making screenshots from your past trades is best option how to learn. It is also essential part of 'Journaling'. I like to save all my trades with real-time
notes and comments - and then later analyse them.
Repeat:
Becoming good at something in this life requires work and practice. Trading is no different. So process starts all over again - enjoy.
I wish you all the best for upcoming year.
Cheers :)
Lessons for the year and into 2022Over the last year I have spent a lot of time on @TradingView writing up educational content, I have tried to apply drawings to my charts to express some lessons in simple yet easy to follow and understand walkthroughs.
Here's a chronology regardless of your experience and level.
Let's start with Psychology - this is the life and soul of the market, if humans where not so predictable then we would have a completely different looking chart. Humans spot patterns - even when they are not there. We try and assume, we get greedy, fearful and often just outright stupid. Entering trades at wrong times, listening to fake guru's and not doing the work ourselves. When you understand the emotional aspect of trading, your already 50% of the way to becoming a successful trader!
In this post (click the images for each individual post) - you will see how the basic emotions work at various aspects of the chart.
In a more simplistic form I broke the market phases down in relation to the post above, this time using the Simpsons as the best way to let traders relate to such phases;
Homer is brilliant!
Again - once you understand some of the basic psychology you can start to create a framework around investing, it will help build a plan. In this next post I wrote about the reasons why people get into crypto - the thrill of the ride, the desire to make it.
Once you got a feel for what it is your looking to do and you are wanting to play in the crypto sphere - here's a post that will help you on assessing an alt coin, the process of going through your own due diligence rather than listening to a youtube guru. A lot of what you need to know when searching for the next big thing, is already written in the business itself - this will include everything from the founders, the plan, money raised and so on.
Ok so let's step over to some of the technical aspects of trading;
Here's a post on the simple trendline - for you experienced traders jump this and the next Moving average post.
From trendlines to Moving Averages;
These kinds of tools coupled with some basic off the shelf indicators will get you going on your your journey - but you have to remember over 70% of retail traders lose money. There's even an industry quote that states 90% of new traders lose 90% of their account in 90 days. When everyone is using the same Moving averages, MACD and RSI - all it does is lends itself to the type of emotional analysis mentioned in the psychology section. So trade carefully.
ALWAYS deploy proper risk management and do your own due diligence.
Here's the basic on using the MACD if you do want to use it along with the 50 and 200 Moving Averages ;-)
All new traders want to buy the dip! But how; well here's a little advice on that too.
This is where it get's interesting;
Going back over 100 years there was a cluster of hyper intelligent traders, these techniques are still widely used today and just as relevant in crypto as they where for commodities and stocks when they where first introduced.
Here's the introduction;
Personally I feel these guys where not technical analysts but emotional analysts - they understood various aspects of why the charts do what they do, why the human mindset drives the target levels, the patterns are created and so on.
From here we can cover the technical viewpoint;
Here is an intro to Dow theory...
Elliott waves;
And even Wyckoff;
It was this post that many of you know me for - this was the method used in March to call the incoming top for Bitcoins first major move down.
However, the greatest tool of all for doing any kind of Technical Analysis is likely to be Fibonacci;
A very old technique and amazing to see the levels get tagged each step of the way, this can be applied to various other strategies and techniques.
The whole crypto space is filled with rubbish advice, scams and people claiming to make money. The truth is, like every other trading instrument - it's a dog eat dog world and you need to be able to take care of yourself. I wrote this article explaining why common sense is not that common anymore - logic seems to go out of the window when it comes to crypto. So please keep a level head.
Life ain't linear - Yes this is a drawing; took AGES!!!
I've tried to cover as much useful info for the @TradingView community as possible throughout the year. Here's another couple of posts that you might find interesting;
Do you know what is going on, inside the candle?
Chart patterns?
Even covered the art of the Pivot Point.
What don't you know about dark pools?
Or the difference in Volume profiles?
Or even if your interested in making your own indicators?
And to finish with on the technical side- Here's a couple of good books to get you going into 2022!
If you haven't followed me throughout the year and seeing this for the first time - here's every swing & supporting logic for the Bitcoin move throughout the year.
And to finish with NFT's and the METAVERSE.
and this one;
Hope you have had a great 2021! 2022 will be even better! Have a great NEW YEAR's eve and see you on the other side!!!
Feel free to give me a follow here and comments always welcome!
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Fibonacci Waves / Weak Market Hypotheses
On the above chart I investigated the relationship and continuation of 'waves' within the Fibonacci Circle. Due to its incredible success, I decided to look over it again.
On this chart I show very comparable formations (formation 1) (formation 2)
Formation 1 is contained within 0.786, while formation 2 extends through the 1 level
Applying the same Logic with the continuation through 2.618, the bars pattern placed is price inverted from previous move through 2.618
The Weak (form) Market Hypothesis suggests " that today’s stock prices reflect all the data of past prices and that no form of technical analysis can be effectively utilized to aid investors in making trading decisions."
I find this interestingly applicable to this scenario, with repeated formations, in repeating fib levels.
BITCOIN DOMINANCE EXPLAINEDTo be successful in crypto you need to know how the market works and why it’s behaving like it is.
Bitcoin is the first ever cryptocurrency and will be the biggest a long time. This means that what bitcoin does will have a large impact on the market. But there are also times where every coin does it’s own thing.
Here is where Btc.d comes in.
Simply put, when bitcoin dominance is high, it means that almost every move is similar in the whole market. While when it’s low, we don’t need to worry too much about what bitcoin is doing if we see a good trade in some other coin.
We can take advantage of this!
Btc.d is surprisingly accurate with technical analysis. In the chart you can see two boxes where I would either buy bitcoin or altcoins.
You still have to find good setups and everything, but it gives a good indication of it’s either altcoins or bitcoins time to shine!
Good luck traders! Leave a like if you found this helpful <3
3 Ways To Invest In Crypto Market WITHOUT Education 💡You got a busy life and you don't have time to research and learn about thousands of cryptos,
Or you maybe don't see yourself and your life a trader,
Maybe aren't even interested in capital market.
You just heard Crypto Market is gaining a lot of profit and you just don't want to miss it..
You know what?? You hear from a Shit Coin.. You buy some.. And You will lose most of or maybe all your money ..
This IDEA will guide you through this situation, it will let you know how to invest successfully (probably), in crypto market.
I tried to minimize the risk for you..
SHALL WE BEGIN???
There are three possible ways, the First one will cost you money, the Second and the Third are free of charge.
FIRST: Go to an expert consultant.
The only thing you need to do, is to research and find suitable expert consultant for yourself. After that everything is done.
He/She, will gather some of your personal information to know you better to arrange a personal crypto portfolio.. This type of portfolio is uniquely designed for you and your personal goals..
And of course this way will cost you money due the type of expert you find.
SECOND: Bitcoin & Ethereum.
Clear your mind from whatever exciting coin and token you hearing all around the social media or you friends..
Bitcoin and Ethereum are the King and the Queen of the market, AND NOTHING ELSE MATTERS...
Try to calculate how much money can you HOLD or HODL for at least 5 YEARS . Buy Bitcoin/Ethereum with that money and store it in a safe place and just don't think about it anymore until that 5 year deadline comes up.
I believe you will be surprised when you see the outcome of your investment. And don't remember that at least 5 year is so important.
free of charge this one.
THIRD AND LAST: DCA, Dollar-Cost Averaging.
Did you remember older members of the family always told us, don't spend all your income. Put some of your income into the bank, monthly. It'll come handy some day.
Dollar Cost Averaging is something like that, and you know what?? It will work perfectly on Cryptos.
The only thing you need to do, is to calculate you monthly costs and income. After that promise something to yourself, I WILL SAVE SOME OF MY INCOME INTO CRYPTO EVERY MONTH. It can be %5, %10, %15,... whatever number you and your life feel comfortable with.
This DCA needs Three situations for you to concentrate on. First , You should keep your promise and buy crypto every month no matter what happens. Second , you should again wait at least 5 years . But don't worry the results will make you satisfied.
And Third , Just buy Bitcoin or Ethereum again and nothing else. Don't remember The KING and The QUEEN.
Why it is called AVERAGING??? because, no matter what is the price your filling your bag every month, so you will buy bitcoin in the deep, in the middle and in the top. This way you will buy your asset in an average price, without even knowing anything from the market.
This one was free of charge too, and I believe from bottom of my heart you will be excited from the result..
This is it.. I hope you enjoyed this IDEA.. If you did so, push the LIKE button and feel free to talk to me in comment section :)
price action patterns you need to know ( part 6 ) hi my friends ,
i'll share with you some patterns which can help you in trading ( part 6 )
Ascending Channel Pattern is a continuation pattern appear in the pullback and after the breakout of the Channel that will be a good signal to go long again ( bull )
Descending Channel Pattern is a continuation pattern appear in the pullback and after the breakout of the Channel that will be a good signal to go short again . ( bear )
note : note : both of them ar continuation patterns .
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price action patterns you need to know ( part 5 ) hi my friends ,
i'll share with you some patterns which can help you in trading ( part 5 )
the bull flag is a continuation pattern appear in the pullback and after the breakout of the flag that will be a good signal to go long again
the bear flag is a continuation pattern appear in the pullback and after the breakout of the flag that will be a good signal to go short again .
note : note : both of them ar continuation patterns .
please support me with like and follow me for more ideas .
2. What are Exchanges? 🤔😛 <<<Crypto Education>>>In the world of cryptocurrencies there are two types of exchange. CEX and DEX. The graph shows the difference for each one.
What you should know about CEX:
Used to change fiat to crypto and crypto to fiat.
CEXs can block your money without warning for any reason.
The CEX may ask to verify your identity and origin of funds.
Some cannot serve clients depending on their location.
What you should know about DEX:
DEXs are smart contracts that exchanges run.
To use a DEX you need to already have cryptocurrencies in possession since they do not have fiat money input.
Most DEXs trade only with assets from the same chain where they are located. Ex Uniswap is used to exchange ERC-20 Ethereum tokens.
DEX can be used from your software or hardware wallet.
ETH 50, 100 and 200 MAThe golden cross is a bullish breakout pattern formed from a crossover involving a security's short-term moving average (such as the 15-day moving average) breaking above its long-term moving average (such as the 50-day moving average) or resistance level. As long-term indicators carry more weight, the golden cross indicates a bull market on the horizon and is reinforced by high trading volumes. (investopedia)
⚡️ Crypto Insights ⚡️ #1What people tend to miss is the bigger picture.....
Let us look at the overall trend in the crypto space, which yesterday broke to ATHs. It is looking extremely strong with an uptrend on the weekly chart and a convergent MACD. For me this shows real strength, not just in BTC but in the whole crypto space.
It is a common misconception that ATH are a bad place to be getting into a market... yes it is a time to be cautious but it also shows incredible confidence and strength!