CYBER: Cryptocurrency Trading 101 (Buy & Hold Explained)Good afternoon intelligent trader,
We are looking at CYBERBTC. Everything continues to unravel within the Altcoins market exactly as expected. The Altcoins are recovering first on their Bitcoin pairings. These Altcoins produced a major low recently and started a mild bullish wave, this bullish wave was corrected and ended in a higher low, this higher low will lead to a new bullish wave that is stronger than the first one, a higher high.
This new bullish wave will follow the same pattern as before. Another correction will hit the market. While this correction happens for the ones that moved ahead, those that stayed behind will grow. Each time, a different group moves forward. Say, 100 pairs are moving up while the rest stay behind. When these 100 pairs peak, they start to move down and a new set of pairs start to move up. Each down-wave ends in a higher low and later resume to produce a higher high.
We were tracking SUIBTC and SUIUSDT and shared a few charts. These moved up strongly. We see that a peak was hit and a retrace is now developing, this is normal. See here:
As these move down, others will move up and the market will continue to cycle between different groups and over time everything will be up. The best way to profit from this is by buying your favorite pairs and holding them long-term. Buy when prices are low, near support; sell when prices are high, near resistance. It is an easy game.
CYBERBTC produced a double-bottom and is now breaking up and we can see a volume breakout. This is the start of a new bullish wave. While this one moves up, others will move down. While this one moves down, others will move up.
It is irrelevant to try and think how Bitcoin will affect this, how this will affect that, and so on. This would be asking too much of yourself. You don't have to guess how everything will move by looking at one chart. Instead, focus on your trading and your goals. Your goal is to make money, easily, without stress and without anxiety. To achieve this, you buy those trading low and sell when they move up.
It is made easy by looking at my charts.
I tend to share all the Cryptocurrency trading pairs listed on all the major exchanges. Unbiased, 100% data-based technical analysis.
While some pairs can break the mold and grow more than expected, or some others can go lower than expected, this doesn't change the bigger picture. The ones high-up, stay away. Not because they will not grow but because the risk is higher.
The ones trading low are good to go. Not because they will move the way we want them to move but because they offer low risk vs a high potential for reward.
Focus on the goal.
The goal is to make money.
The goal is to win.
The goal is to avoid anxiety, pain, suffering, big losses and stress.
This can all be achieved if you study and prepare while focusing on the long-term.
Buy and hold is our strategy.
The market takes care of the rest.
Thank you for reading.
Namaste.
