WHAT TIME IS BEST TO OPEN LONG TRADES?
When it comes to the cryptocurrency market, everyone tends to forget that time is everything.
You often assume that the number of times you enter the market is a sign of profitability. Profitability is the exact opposite of this. Profitability is actually measured by how often you join the market with patience and precision rather than by how many times you enter the market overall. One illustration of this might be. You enter Bitcoin at a 70K price and make ten long buys before it declines. You immediately thought of a negative outcome. However, you made up to 64K in profit from that one well-timed and well-calculated trade at the 49K price of Bitcoin. This implies that you can enter the market and make money quickly. Rather, you must compute and timing your entries before proceeding.
You immediately thought of a negative outcome. However, you made up to 64K in profit from that one well-timed and well-calculated trade at the 49K price of Bitcoin. This implies that you can enter the market and make money quickly. Rather, you must compute and timing your entries before proceeding.
Stay wise, trade cautiously.