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Trade crypto long enough and you will ultimately discover that manipulation accounts for more than 50% of what is happening. Ultimately, the sentiment a community or a team can create, which type of influencer they can get on board, how they can get the news to shape what they want you to believe , all the principle that apply to memecoins also apply to much bigger tokens, even to $BTC . The morality of there is any, still use your technical analysis and price action to go with the trend, but be very tight and respect your stop loss and take profit limits. On the long term, no matter how frustrating it is at the beginning and the opportunities you will feel that you lost, the only way to make money in trading is to follow your strategy every single time. Also know when to trade and when to wait. We wouldn’t advise to enter any big trade until a visible trend is established.
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Focusing on $BTC because there is no point trying to analyse the value or to be focusing too much on the alt coins, as they are still too dependent on Bitcoin in this period of uncertainty. Of course the question everyone has and trying to figure out is the next big move’s direction. We will try to both reasonably predict it and also give advice for the next trades to take. But for you demons,until stronger signals are present, we would advise to go slow on the trades for the weekend. We are launching our group for general market discussion, news and trading advices. As professional traders we feel there is too much information given to newcomers and a lack of basis and analysis tools. We’d like to do just that as well as provide signals for trades we take ourselves. Everyone is welcome, and we will be sharing our thoughts also in Russian for our crypto traders there #Signal #teachingcrypto #Russian #AnalyseCrypto
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$XRP is pumping again today and will probably reach $0.63 Will this be the start of the anticipation climb coming up to July 27th ? As in my previous post about $XRP about a week ago, there is no way to actually know if anything at all is happening on this specific date. Again, if this is an orchestrated move to create a rumour, it is extremely well done. We still believe in the long term value of $XRP so at the moment there is no reason to sell our position. In fact, we accumulated once more at $0.583 as Bitcoin dropped yesterday. Stay cautious though, especially as we are getting closer to the date. You might see an abnormal pump but don’t celebrate too early as that wouldn’t be the first time a coin gets heavily manipulated and retail gets used as exit liquidity
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Don’t let the holder mentality ruin you It is one thing to have a long term belief in some of your cryptos, but don’t pass all the opportunities to make profit. If you buy some coin and you see it rise 5%, why not take profit and then reinvest when the price is back to your entry or lower ? As you can see, whales and institutions will do it anyway, so you might as well have a traders mentality. You will accumulate profits over time, and you can then reinvest more in the coins you think have a bright future. In this example you can clearly see what we are talking about In the midst of this $BTC madness, think like a trader , set realistic limits for each trades and RESPECT them. Don’t be left holding the bag.
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Welcome to crypto madness Just happened now, in less than 1.5 hours, $BTC went from $67 500 to $65 800 and back to $67 300 If you got shaken and sold your position, whether in an alt coin or in $BTC , this move was intended to achieve just that. No matter what’s ahead , with this volatility on a Sunday, we think that a big week is ahead. The $ETH spot ETF is coming in two days on the 27th and this could be the start of the new season. Buckle up
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