A Beginner's Guide for New TradersIntroduction to Cryptocurrency:
Cryptocurrency has become a major financial trend in recent years, attracting both experienced traders and newcomers alike. If you're just starting out, this guide will help you understand the basics of cryptocurrency and what it takes to start trading.
1. What is Cryptocurrency?
Cryptocurrency is a type of digital or virtual currency that uses cryptography for security. Unlike traditional currencies like the US dollar or Euro, cryptocurrencies operate on decentralized networks based on blockchain technology. This means that they are not controlled by any central authority, such as a government or bank.
The most well-known cryptocurrency is Bitcoin (BTC), but there are thousands of others, including Ethereum (ETH), Ripple (XRP), and Litecoin (LTC).
2. How Does Cryptocurrency Work?
Cryptocurrencies operate on blockchain technology, which is essentially a distributed ledger that records all transactions across a network of computers (nodes). These transactions are grouped into blocks and added to the blockchain, ensuring transparency and security. Since every transaction is verified by the network, there is no need for a middleman (like a bank), reducing transaction costs and increasing efficiency.
3. Common Types of Cryptocurrencies
Bitcoin (BTC): The first and most widely recognized cryptocurrency, often referred to as "digital gold."
Ethereum (ETH): Known for its smart contract functionality, Ethereum is a platform for building decentralized applications (dApps).
Stablecoins (USDT, USDC): Cryptocurrencies pegged to the value of traditional currencies like the US dollar, offering stability and reducing price volatility.
Altcoins: A broad term for any cryptocurrency other than Bitcoin. These include a wide range of coins like Litecoin (LTC), Ripple (XRP), and more niche coins such as Dogecoin (DOGE).
4. Why Trade Cryptocurrency?
High Volatility: Cryptocurrency prices can fluctuate dramatically, providing opportunities for traders to profit from price movements.
24/7 Market: Unlike traditional stock markets, cryptocurrency markets are open 24/7, allowing traders to trade at any time.
Global Accessibility: Cryptocurrencies are accessible to anyone with an internet connection, making it possible to trade from anywhere in the world.
5. How to Start Trading Cryptocurrency
To start trading cryptocurrencies, follow these steps:
Step 1: Choose a Cryptocurrency Exchange
A cryptocurrency exchange is an online platform where you can buy, sell, and trade cryptocurrencies. Some popular exchanges include:
Binance: One of the largest exchanges, offering a wide range of coins and trading pairs.
Coinbase: Known for its user-friendly interface, making it ideal for beginners.
Kraken: Offers a variety of coins and advanced trading tools.
Step 2: Create an Account
Once you've chosen an exchange, you'll need to sign up by providing your email and personal information. Most exchanges will require you to verify your identity before you can start trading.
Step 3: Deposit Funds
After creating your account, you can deposit funds into your exchange wallet. Most exchanges accept deposits via bank transfer, credit/debit cards, or other cryptocurrencies.
Step 4: Choose a Trading Pair
In cryptocurrency trading, you'll often be trading pairs, such as BTC/USDT (Bitcoin/US Dollar Tether). You'll be buying one currency while selling another. For example, if you believe Bitcoin will rise in value against the US dollar, you'd buy BTC/USDT.
Step 5: Place a Trade
There are two main types of trades:
Market Order: This is an order to buy or sell immediately at the current market price.
Limit Order: This is an order to buy or sell at a specific price. The trade will only execute when the price reaches your target.
6. Basic Trading Strategies
There are several strategies traders use to make profits in the cryptocurrency market. Here are a few basic ones:
HODLing: This refers to holding onto your cryptocurrency for a long period, regardless of market fluctuations, expecting it to rise in value over time.
Day Trading: Buying and selling within a single day, aiming to profit from small price movements.
Swing Trading: Holding onto an asset for several days or weeks, attempting to profit from short- to medium-term price movements.
Scalping: Making quick trades for small profits over a very short time period, often minutes or seconds.
7. Key Concepts for New Traders
Volatility: Cryptocurrency is known for its wild price swings. As a trader, you'll need to understand that prices can go up and down very quickly.
Liquidity: This refers to how easily an asset can be bought or sold without affecting the market price. High liquidity means you can trade larger amounts without causing significant price changes.
Market Capitalization (Market Cap): This is the total value of a cryptocurrency, calculated by multiplying the price by the total supply of coins. It gives a rough indication of the size and popularity of a coin.
8. Risks of Cryptocurrency Trading
Market Volatility: Prices can swing dramatically, leading to significant gains or losses.
Security Risks: Cryptocurrency exchanges and wallets are often targeted by hackers. Always use secure exchanges, enable two-factor authentication (2FA), and store your assets in a secure wallet (e.g., hardware wallet).
Regulatory Risks: Governments may impose regulations on cryptocurrency trading, which could affect the market.
9. Security and Wallets
When you're trading cryptocurrency, it's important to know how to secure your assets:
Exchange Wallets: These are provided by the exchange where you trade, but they can be vulnerable to hacks.
Software Wallets: Apps or programs where you store your cryptocurrency. They're more secure than exchange wallets but still vulnerable to online threats.
Hardware Wallets: Physical devices, such as Ledger or Trezor, that store your crypto offline, offering the highest level of security.
10. Tax Implications
In most countries, cryptocurrency profits are subject to taxes. Be sure to check your local tax laws and keep track of your trades for tax reporting purposes.
11. Start Small and Learn
If you're a beginner, it’s important to start small. Trade with an amount you're comfortable losing, as the cryptocurrency market can be unpredictable. As you gain more experience and understand how the market works, you can gradually increase your investments.
Conclusion
Cryptocurrency trading offers exciting opportunities, but it also comes with risks. Understanding the basics, choosing the right strategies, and being cautious are essential to becoming a successful trader. Keep learning, stay updated with market trends, and don’t rush into decisions without proper research.
#Crypto #Bitcoin #learn #Altseason #Bullrun2025
Information
(OSMO) osmosis "ICO"The origin story of Osmosis appears to have an ICO as part of funding early on; crunchbase.com data metrics.
Initial coin offerings give a chance for people to buy the token before it is available for public trade on markets. Less decentralized than if the token had made no sales before being pushed to market.
(PRQ) parsiq "ICO"The origins of Parsiq appear to feature an ICO at some point, crunchbase.com metrics. Initial coin offerings give a chance for people to buy the token before it is available for public trade on markets. Less decentralized than if the token had made no sales before being pushed to market.
Why Tech Accounting Giants Are Embracing BlockchainIn the realm of enterprise contracts, Ernst & Young (EY) has recently introduced OpsChain Contract Manager (OCM), a tool poised to transform how these intricate agreements are handled. But what does this mean for the everyday business person?
OCM is more than just another contract management system; it harnesses blockchain technology to bolster security and privacy. In practical terms, imagine your contracts securely stored on a public blockchain, fortified by advanced cryptographic techniques. This not only safeguards sensitive information but also streamlines operations, cutting down on time and costs. Additionally, OCM seamlessly integrates with existing enterprise systems through a standardized API, ensuring compatibility without disruption.
Now, let's unpack the tech behind OCM. While it currently operates on the Polygon blockchain, there are plans for migration to Ethereum's ( CRYPTO:ETHUSD ) mainnet in the future. This strategic move isn't just about riding the blockchain wave; it's about optimizing transaction fees to better serve EY's industrial clientele.
Paul Brody, the driving force behind EY's blockchain division, sheds light on the development process. He explains that OCM's underlying technology, Nightfall, has undergone rigorous testing on Ethereum's test network. The next phase involves transitioning Nightfall to the mainnet, with potential upgrades to enhance scalability and functionality.
But why choose blockchain for contract management? Brody highlights the benefits of public blockchains: scalability, neutrality, and decentralized control. In an era where trust and transparency are paramount, public blockchains offer a level playing field where no single entity holds sway.
Zooming out, it's evident that EY's move isn't isolated. Major players in finance, like BlackRock, are venturing into blockchain territory, signaling a broader trend toward adoption.
With OpsChain Contract Manager, EY isn't just offering a service – they're catalyzing a shift in how contracts are managed. By embracing blockchain technology, they're not only improving efficiency but also setting a new standard for transparency and accountability in the corporate landscape. So, as you sip your coffee, ponder the potential of blockchain to revolutionize your contracts – because the future is here, and it's decentralized.
FIL and Rank Filecoin on the Weekly Timeframe:
FIL broke out of it's macro downtrend back in October.
It has broken the 20 and 50 Simple Moving Average
It currently has a candle open above the 100 Simple Moving Average
FIL could be a big mover in this bull market, without having to come close to ATH.
This could be a 15x or better to reach the .236 extension.
Not financial advice
Do your own DD
Novice here
EURUSD ain't coming down YET!In this idea- I show you how my Sniper Trading system works- in confluence witn the bias of the day. Also in this idea is crucial Market mechanics and Mindset that you can use and apply and leverage in the markets daily. Included is very High level trading Information that NOBODY else is teaching you: probably because THEY DON'T KNOW or want to keep you dependent. I want you to become independent and successful, complete Profitable Trader in the markets. That's why I share the invaluable knowledge that I KNOW.
This is a great idea. Study it. Study it again. And Again. It will bless you in your pursuit of market mastery.
Sniper Gang
Mentorship.
INFORMATIONAL : White Label Brokers: What Are They?What is a white label Broker ?
A white label broker is a particular kind of broker that grants access to a trading platform to its customers but actually outsources the platform's management to a different supplier. Typically, the third-party supplier is a bigger, more reputable broker with the hardware and setup necessary to host a trading platform. The provider charges the white label broker a fee for the use of its platform and services. A trading environment. The provider charges the white label broker a fee for the use of its platform and services.
Many Large brokers in the trading space offer this service to business clients. Simply ask the support team. The main advantage of becoming a white label broker is that it allows the broker to enter the market quickly and easily, without having to invest in developing its own trading platform and dealing with the technical and regulatory issues involved. The white label broker can focus on marketing and customer service, while relying on the provider for the execution and settlement of trades. The white label broker can also customize the platform to suit its own branding and preferences, and offer its clients a variety of trading instruments and features. If you happen to see a lot of new brokerages popping up they are likely to be white labeled.
The main disadvantage of becoming a white label broker is that it limits the broker's control and flexibility over its own business. The white label broker has to abide by the terms and conditions of the provider, which may restrict its pricing, commission, leverage, margin, and risk management options. The white label broker also has to share a portion of its revenue with the provider, which reduces its profit margin. The white label broker may also face competition from other brokers using the same platform and provider. ,and this typically means the white label broker may have higher commissions and spreads compared to other brokers in order to generate revenue. The justification for this is that in order to use the parent company's platform and brand, the white label broker must pay fees or royalties to them. They could raise the commissions and spreads they charge their clients in order to offset these expenses and turn a profit. The white label broker can make money while continuing to provide the same trading services and features as the parent company thanks to the higher cost structure.
How the higher fees affect the trader.
The profitability of a trader is directly impacted by higher commissions and spreads. A trader's transaction costs come in the form of commissions, which are fees assessed by the broker for facilitating the trade, when they execute trades. The potential gains from profitable trades are decreased and the breakeven threshold for lucrative deals is raised if commissions are high.
Second, higher spreads, or the difference between a financial instrument's buying and selling prices, might make it harder for traders to join and exit positions at advantageous prices. With wider spreads, traders must wait for the market to move more in their favor in order to break even or make a small profit. Due to the significantly higher cost of executing scalp trades, this may restrict the trader's ability to profit from minor price fluctuations. Moreover, higher costs can also discourage traders from actively participating in the market or taking advantage of certain trading strategies. For example, day traders who execute numerous trades throughout the day may find the cumulative effect of higher commissions and wider spreads to be prohibitive, making it less viable for them to pursue their trading activities.
Overall, higher costs imposed by a broker can impact a trader's profitability,
Accountability
As a white label, the small broker relies on a larger broker to provide these essential services, which means they are not directly responsible for addressing any problems that may arise. In the event of technical glitches or liquidity issues, the small broker must depend on the larger broker to resolve them. However, the larger broker is likely to prioritize their main clients over the white label brokers, as they hold a higher stake in their business. This situation puts the small broker at a disadvantage, as they may experience delays or difficulties in getting their issues resolved promptly, impacting their ability to provide quality services to their own clients.
How to know if a broker is white labeled ?
In some cases, a white label broker can be operated by a single individual, much like yourself. It is often challenging to discern whether a broker is white label since they may not have a physical location or any visible indications. However, there are some signs that can potentially suggest a broker is white label. One common indicator is when they are unable to provide an API feed.
🔹An API feed, or Application Programming Interface feed, allows traders to directly access liquidity and even create their own trading platform instead of relying on existing ones like MT5 or MT4. The ability to offer an API feed is typically associated with brokers who have direct access to liquidity providers. Therefore, if a broker cannot provide an API feed, it might indicate that they are white label and rely on a larger broker for liquidity.
🔹Another sign that a broker might be white label is if they exclusively offer payouts via cryptocurrencies. While not definitive proof, this can be a characteristic of white label brokers who use cryptocurrencies as a means of avoiding traditional banking systems and regulatory scrutiny.
🔹Additionally, another potential indication that a broker is white label is the absence of a physical location. Unlike traditional brokers who often have physical offices or headquarters, white label brokers may operate solely online without a physical presence. This lack of a physical location can make it more challenging to ascertain the true nature of the broker's operations and ownership. Traders should be aware of this factor when considering their choice of broker and take it into account when assessing the broker's credibility and trustworthiness.
Unfortunately, it can be challenging to obtain a straightforward answer from brokers about whether they are white label or not. Some may be evasive or unwilling to disclose this information. Therefore, traders should exercise caution and carefully consider these signs when evaluating a broker's authenticity and reliability.
Invest in yourself, Knowledge is power!Money & time spent on knowledge is well spent.
Read useful books with information not twilight or Star wars.
Read comments on youtube or other media platforms. Why? most of that is degenerate non sense. Yes, you would be correct. You can gauge sentiment and the herds psychology. The herd is always wrong.
Hang around or work with positive people that are like minded and share similar goals. One bad apple can ruin a group of 5-6 people but one good apple can not bring 5-6 group of people up, they will most likely drag him or her down.
If you think negative you will be negative.
Speak positive thoughts, have a say affirmations daily.
The bible says God spoke everything into existence. Speech is more powerful than you think, be careful how you use it.
Realize, that you are at war from the moment you are born. This war isn't with swords and bullets. It's a multi facet and a high percentage of people never realize it. Information is the main weapon being used against you, and it's molding you into the person you are.
What you know
what you think
what you eat
what you believe
The war on your mind is the greatest of all battles. Making people into sick, helpless, degenerates is what the system wants you to be. Why is that? Because people don't want strong competition if any. People like to maintain power uncontested.
The pen is mightier than the sword in a our modern civil society.
Information is weaponized in this war
Money/debt is weaponized
Nutrition is weaponized
psychology is weaponized
What is psychology? What is your psyche?
I'm willing to bet you think it's the mind. It is not your mind or the study of it. Psyche is the Greek word for soul, so , psychology is the study of the soul.
so, spiritual warfare is also being forced upon u.
My people are destroyed for lack of knowledge. Hosea 4:6
What critical knowledge do we lack today? well, the answer to that is very broad but let's start with monetary/financial since this is how the whole system runs. Printing FIAT currency aka money but it's not money is actually debt. So our system is a debt based system. Is it a new idea? NO.
The rich rule over the poor, and the borrower is a slave to the lender. Proverbs 22:7
Have you ever heard? "there is nothing new under the sun" how about? "The more things change, the more they stay the same" and "History doesn't repeat but it often rhymes"
Well, proverbs just spite you out a giant receipt. It's nothing new, In fact it's more sophisticated now, but so are we. We have access to the same tools as them, it's just a matter of interest (pun intended LOL) and learning how to wield them.
so...
Invest in your self. Knowledge is power. Invest in assets that don't carry counterparty risk. Keep your wealth out of counter party risk. Bitcoin although decentralized, on exchanges has counterparty risk. Gold although decentralized, in a bank vault has counterparty risk.
Hold your wealth, don't let others hold it for you.
Take this year and make some small strides in learning. Set small goals, very achievable.
First just browse books online.
Find a book that might interest you.
Then read reviews on it.
Then go to the store and purchase it. (wait for sale preferably)
Then just read the table of context
Then just read one page a week, then read more and so on and so on. Before you know it, you will be intrenched into it. You will be hooked on learning.
You have a friend that always call you to complain?
Cut them out cold turkey.
You must understand your mindset is so strong that it can even heal you or prevent you from getting sick, but it requires strong belief.
Cut out bad habits and start inserting good habits in small steps that you can achieve. Don't make the steps too big that you fail and get down on your self.
So, what books should I read? that's a good question. Where is the battle being fought? We already went over that. You must also keep in mind that all books and all information is not equal. So that now poses another problem, learning to filter junk and what doesn't work.
Hint, if it claims over night success, then it's probably bullshit.
So... learn as much as you can but start slow, don't overwhelm your self and give your mind and body time to absorb and understand what it has consumed. Also it's not just books, there are plenty of free media creators putting out amazing free information, support them. Don't forget about right here on Tradingview there is a lot of great financial information being put out daily. Support them too. One is SPY_MASTER, he has literally been blowing up the analysis of late with some great content, give him a follow and some likes, you won't regret it. below is a link to an educational idea he put out recently.
Supporting your neighbor or brethren is the only vote you get in life. Elections are joke and can easily be rigged. You want your vote to mean something support local, buy from local or small business. That is your vote and it has more pull and energy in it. It has your sweat, energy, time, blood, ingenuity in it, it's your money. They will return it back to you, Walmart won't.
Ohh how about the Gold chart up top. It's a simple chart that shows double tops cup and handles and bearish divergence on the RSI. That says a gold drop is in order before the next major move up unless it maintains the upward trend in the RSI. Then the bearish divergence will be voided. Keep in mind this cold take a couple years to play out.
Thank you
WeAreSatoshi
Have a blessed and prosperous year!
Dogecoin WOW TODAYThe current dogecoin price analysis is bearish.
At $0.0652, there is the most resistance.
The price of $0.0588 has the most robust support.
Dogecoin price data for October 11, 2022, reveals that the joke cryptocurrency has been moving steadily over the previous 48 hours. On October 10, 2022, the price jumped from $0.0581 to $0.0606. Today, Dogecoin saw a negative movement and a substantial price drop. The coin is now rising and is trading at $0.0594 as of this writing.
Dogecoin is presently ranked #10 with a 24-hour loss of 1.98%, a trading volume of $302,586,207, and a live market cap of $7,962,066,968. The cryptocurrency, however, has the possibility for a turnaround as the most recent price study shows the cost of DOGE is BULLISH
Dogecoin price analysis reveals the cryptocurrency following a constant movement, showing potential towards either extreme. However, the market shows colossal potential for a reversal in the coming days. If the bulls manage to use it to their advantage, they might engulf the market and help raise the price of Dogecoin beyond expectations.
Disclaimer. The information provided is not trading advice. I hold no liability for any investments made based on the information provided on this page. I strongly recommend independent research and consultation with a qualified professional before making investment decisions.
LIKE COMMENT AND SHARE
BTCUSDT - InformativeHello, today I decided to make just an informational post for you.
If you want to become a successful trader in the market one day, you must first accept the fact that the price of any instrument can make any movement, throughout my career as a trader, I have met different people and the ones that never cease to amaze me are those who define one direction and explicitly stands behind it. Such people can even insult you that you are a fool if you think that the market will go in the opposite direction of their analysis.
To start being consistently profitable in the markets you have to be willing to accept the fact that you can be wrong. As I remember my beginnings, I was no different. If my price hit SL, I started to blame those who decided to go against me, that it makes no sense to sell there or, on the contrary, buy. Fortunately, a very long time has passed since then and now I look at the market with the possibility to focus on both directions and I try to trade the one that has a higher probability for me. Of course, the fact that it has a higher probability still does not guarantee that the price will go in that direction!
That's why today when I look at BTC, for example, I determine the potential reversal zones where it can occur and then I focus on whether it will give me an opportunity or not. I am not focused on only one direction, but on several at once. In this way, the market can never "surprise" me again. This, in my opinion, is the rarest thing that can turn a failed trader into a successful one. Once you are mentally aligned with what is happening in the market, you are better able to focus and aim in the right direction, and if your Money Management can still insulate you against a possible market turn, so much the better.
Good luck and put your ego aside, if you can do that, you can be honest with yourself.
Danger of TradingHello trader!
Welcome back to another episode with Analyst Aadil1000x.
Today I am here to show you some stories that many traders don't know that can also happen to them and many traders can also relate these stories with them. You will only see success stories on the internet and that's only 1% truth.
Have you not seen how much tough the market is? If you are not working very hard then there is no way to win because this is the toughest business in the whole world.
A person can understand better if the situation is told in a story that's why to make you understand I am sharing some stories.
First story.
There was a guy who was living in my city. He started forex trading and he got some lucky shots and made a small amount of money but he didn't know that this happens to all new traders, LOL. Once he made money he thought making money is as easy as opening an account but he lost 50,000 USD and not only that what he did later will scare you. He used all of his father's retirement fund and sold the house and lost everything in forex. He lost almost 600,000 USD.
To recover the amount he started to put more money. He wanted a fight with the market. From me, you will always listen that we will move with the market. Normally people say kill the market or will beat the market. You can't do that. The mindset of moving with the market is the only option to win.
Second Story
There was a guy who started trading and with little experience, he started to trade on borrowed money and he lost almost 60K and now he has a debt that he can't even pay.
Never trade from borrowed money if you have little experience or your strategy is not perfect. The chances of your winning are -100%.
Third story
It's a story of a girl living in another country whose monthly salary was 2500 pounds. She was trading different options and she lost 200,000 pounds in a year. Again whose money was that? It was her parent's money and she used that without telling them.
She was trading with untested methods. When she figured out something new she start to put money into a new method and she kept changing methods and losing all the time.
There are many stories that I hear every week with losses with more than they have earned in their life. So don't do these types of mistakes. If you are a new trader then trade only 20$ and grow it to 100$ and make notes of the strategy. If you make it possible then you can be a successful trader.
REASON BEHIND YOUR LOSS
One main reason behind the loss is WRONG knowledge on the internet. Even if you search for the most popular post, it has 5000+ like and it has more than a dozen images and he is guiding how to trade. The surprising thing is out of 12 images all 12 images are wrong and it's the most popular post. How is that possible that 100% of the guidance is wrong? Even he can give one correct direction by mistake but he failed to give one direction correct even by mistake. That's how tough the market is. Even so-called experts don't know what they are doing.
The reason behind all wrong is that he learned it online and taught the fake knowledge to many traders and it keeps continuing..
Imagine millions of traders losing without knowing their mistakes. When they lose they go back to the same information read it carefully and try to do the same thing in the best way possible and they still lose because they are using never working methods.
You have to work very very hard to move with the market. I worked really hard and formed some working methods and I know that those who don't know exactly what's happening in the market have little chance of survival.
Don't forget to give some boost and follow to stay connected.
Which Way ?? of BTCUSD We surely BTC now are downtrend In Timeframe Day but in Timeframe Week still up trend because still upper MA 200 , if we use Dow theory They starting make lower high, Lower low it's may be a Starting of Downtrend in Timeframe week then let see if break down MA200 (or around 25,800) will confirm downtrend in week and the Next level support around 19,500.
#Keep planning
Stay sharp in these volatile times!These are crazy times.
In 2020 I started to seriously dedicate myself to becoming a profitable trader. the past few months have been very volatile. and for me as a beginner it is also very difficult to earn even a little constant results. and maybe you recognize yourself in my situation, But I have learned a lot from all this chaos ;) , and therefore I have written down a few of my own experiences that hopefully will help you to get a little more consistent results. as I say, I am no expert and this is therefore certainly not financial advice. but especially in these times I think it is nice to help each other a little and learn from each other's mistakes.
1. It's okay to not have open positions from time to time. Occasionally it can be frustrating, if you take a loss, but that's okay, hopefully you learned something from it. I now consider the current (short-term) trend to be neutral/Bearish. and I am now reading Technical Analysis of the financial markets and in that book there was a sentence that I did find reassuring: "It is during these periods of sideways market movement that technical traders experience their greatest frustration, and systems traders their greatest equity losses". Take these times to prepare yourself for a more predictable market phase.
2. Trying to predict a bottom can be dangerous. Try to wait for confirmation, or a known pattern. Take LUNA/USD as an example, luckily I didn’t had any money in this coin. But you don't want to get stuck in a long position, don't forget to set a stop loss either, and the last point actually ties into point 2
3. A well-known rule is that you should not add to a losing position. I thought I had remembered this but I did catch myself doing it at the beginning, especially in times like this it can be disastrous, usually it doesn't end well.
I wish everyone the best coming times, hopefully most will achieve their goals. Keep thinking rationally and try to keep your emotions under control. I wish you all the best.
Let me hear from you in the comments, I am very curious about your experience in this market.
Perhaps you have a suggestion for me, I would be very happy with that.
AMEX:SPY
XRP III Will the dips take longer and reach further? 🆘🆘🆘🤬Hello everyone,
Technical analysis:
- More than a year of flag formation has been lost. Breaking the bottom line of the flag and successful testing, which may result in large drops.
- If the last hole is broken and confirmed by the 4h candle, we will fall even lower. Even around $ 0.3.
- It is possible to return to the flag, then we should expect a LONG towards the top line of the formation. (Less likely)
Fundamental analysis:
- 20.01.2022 in the United States, a government meeting is to be held on the environmental consequences of cryptocurrencies.
It's all about the energy that crypto mining uses. At the moment, miners use as much electricity as power all of Argentina: D
- I believe there will be negative information. This will contribute to further declines. The meeting will be broadcast on Youtube.
-XRP cannot be mined but will fly down after Bitcoin.
Comment and like,
Greetings
Interesting fact about KLAYWhat's special about Klaytn?
You don't need to be an expert in cryptography or have a deep understanding of blockchain technology to deploy your own chain or join other chains on Klaytn. Everyone can launch their own ecosystem of tokens on Klaytn, without the need to consult a highly specialized technical consultant.
As an ecosystem of a wide range of decentralized applications (DApps), Klaytn empowers users to find or develop the right type of application for their needs. Due to the decentralized nature of the platform, users have an almost unlimited number of use cases as there is no limit to the release of applications. Klaytn supports DApps in many areas, including digital asset management, art collecting and trading, game development, and decentralized exchanges.
Due to its versatility, Klaytn has attracted the attention of institutional investors such as Humanspace, Wemade Tree, and the Piction Network.
Waiting below previous month ath 58350Clear bounce from 58350. Price has been set stop.
I set buy limit around the top of the volume profile : 56500. And another limit on purple trend line and FIBO 0.618 zone 54620 because these prices
are true support in the main trend. But we still have to think about possible decline even lower and therefore do not buy for much % of account.
RSI 63. neutral level
Both side of positions longs and shorts keep increasing at same time.Which hold BTC in uptrend.
if the price closes 1H/4H above 58350 possible add % too.
Inform where you purchase and why, we can solve it :D
TEN TIPS TO PREVENT FOMO - WE CAN ALL LEARN FROM THIS!!!1. Ask yourself why you want to invest, is it out of jealousy from others cashing in big? Do you want to be apart of the next big hype stock? If you answer yes to either of these do not trade, trading from this emotional perspective will only result in you losing money.
2. Warren Buffet said ''be greedy when others are fearful and fearful when others are greedy'' apply this logic to your decisions, chances are if the stock has pumped tenfold already and people are still greedy this could be an indicator you shouldn't trade - there are always more opportunities.
3. Ask yourself ''am I a sheep?'' Sheep do not make money in the stock market, do not blindly follow peoples ideas, question them and formulate your own understanding.
4. Where did you see the stock? if it was on the news the ship has sailed and you shouldn't buy it, at this point it is already too late.
5. Be careful of stocks that appear to be pushed by the same groups of people - this indicates little to no adoption and they are hoping that you buy their bags from them.
6. If you can't explain what the company does and why it's a good idea do not buy it. Always do your research first, learn about the team, the product, the vision and financials before investing.
7. If the market is mostly green its time to sell, if the market is mostly red, its time to buy.
8. Is it a meme stock? if yes either be an early adopter or do not buy it.
9. Have you got spare capital? always take into account your financial situation and be prepared to lose - never invest more you are willing to lose.
10. Learn to take losses - otherwise, you will end up holding your bag down a -80% drop.
Hope this was usefull
''Buy Big Sell BIGGER'' - MegaWhale
BTC Long Closed To anyone reading...
I have sold all my BTC yesterday/today. While it is an exciting time, we must not forget what the world is currently dealing with.
“Growth for the sake of growth is the ideology of the cancer cell.”
Remember, when the rug pull happens, all will scramble to sell, and this process can take some time.
We were right, and BTC has produced great gains for me many times.
In my opinion, we will run out of steam soon, considering all the economic events coming up. Tomorrow could be the final blow-off top, and if one thing is certain, you do not want to end up on the downside of BTC.
Look at your profits and be content and proud; it is always better to have your profits safe as the feeling of watching it go is truly hard to take.
Before greed and ego take over, remember there is no true get rich quick scheme and if there was, we would all be rich. Whenever the feeling of greed takes over, sit back and think about how long the money has taken to accumulate whatever the career. It is not easy come easy go it is only easy to go in this world. Looking back at 2017, it is easy to go wow, they made so much money, but what about those who didn't sell or couldn't sell in time. Optimism is great, but reality hits much harder.
GL to all and hope you find success