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I Hope you are mining this
It would be the biggest air drop ever
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Web3 Giant
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GOOD MORNING TRADERS
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BTC I was expecting 63k by today. But somehow the volume is lower than I expected. I would suggest close all feature trades at this moment. Not talking about only BTC. Close positions for all coins. You know, even last time the same happened, when bitcoin falls, people gets liquidated and they pull out all the money. So all crypto goes down. But according to our prediction Bitcoin should touch 100k by Dec 2024. Now I think I will need more time to predict the market properly. But if it goes up, that’s good. We have all the good coins on hold like DOT, TRX, XRP, ID (I sold all due to conflict of interest but you should have), MANA, LINK, UNI and now a super shit coin IQ. But if goes down, I’ll for sure buy more DOT and UNI in the dip. LINK I don’t think it will go back to 14, but if it does, I’ll be adding more LINK in my portfolio. #BTC I won’t buy anymore unless I get below 56k. I have enough BTC now.
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CHARTS CAN MISGUIDE YOU In my previous post, I suggested that relying too heavily on charts for risk management can be misleading. Many people reacted negatively, but I stand by my point. If you look at today’s market, you'll see that people are discussing Bitcoin testing a key support level at $61,000. They’re speculating that if it falls below this, it might drop further, but if it bounces back, it could reach $70,000 again.But here’s the issue: if you can't predict what will actually happen, how useful is this analysis? During major news events, support and resistance levels often become irrelevant because the market becomes too volatile. For long-term investors, these short-term support and resistance levels don't matter much. Events like Bitcoin’s halving don’t have a lasting impact onIt's priceFurthermore, some of the chart analysis is incorrect. They’re calling $60,000 a major support level when it should have been $65,000, which was the all-time high (ATH) in 2021. The next major support level should be around $57,000. So, if Bitcoin was really on a decline, it should have dropped to around $50,000 or $45,000. I’d actually welcome that drop because I’d buy more Bitcoin at those lower prices. In summary, during news events, support and resistance levels often don’t work as expected. I believe Bitcoin will rise, possibly hitting $88,000 or even $100,000. Altcoins might perform even better than Bitcoin. So, if you have less than $5,000 to invest, it might be better to invest in smaller coins and eventually convert them to Bitcoin.
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#CryptoForEveryone MY thoughts on Binance's "Crypto for Everyone" campaign! It's obvious that crypto has changed narratives by creating more income to millions of people all over the world. Not just that, it has also been a source of educational tool for many in the tech space. Hence, enabling them to access certain block chain opportunities and leverage the platform. Ignoring Crypto and the privileges it can offer, can risk you missing lots of opportunities that can keep you top the radar. So what's stopping you? CryptoForEveryone is an idea that tends to help everyone to have access to cryptocurrency, despite their level of experience. In the past, I participated in various task, which includes the educational webinars and interactive quizzes. One task that stood out for me was the "Learn and Earn" challenge, where I completed educational modules on block chain tech. I'm thrilled to say that it was an insightful and enriching experience for me, and I anticipate engaging in more tasks to widen my knowledge on Crypto. Check out the Campaign and join the movement: Campaign Page
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Buying crypto during a market dip can be a smart move, but it’s essential to maximize your profits. I typically use a cost averaging swing trade strategy, which is particularly effective for short-term trading. Instead of entering the market all at once, we gradually buy in at different price points, anticipating a market rebound. Interestingly, long-term investors have also adopted this method, known as Cost Averaging (CA) or Dollar Cost Averaging (DCA). Here’s when this strategy works best in spot or buy orders: 1-The market is experiencing a significant decline, dropping by at least 3% daily. 2-There’s sufficient trading volume. 3-The project is mature, well-established, and stable. 4-The price is above the Net Present (NP) value and not at an All-Time High (ATH). 5-You’re confident the market will rebound. When to avoid this strategy: 1-The market is suddenly surging, rising 10% or more in a day. 2-Trading volume is low, causing the crypto to behave like a stablecoin. 3-The project is new or unstable. 4-The price is below NP or at ATH. You have limited funds to invest in each coin, like $100 or $200. 5-You’re certain the coin’s price will keep rising without a dip.For example, if BTC is expected to drop to 50k this month before rebounding to 71k, you could wait for it to hit 50k, but you might miss the opportunity. Instead, consider buying 25% at 65k, 25% at 60k, 25% at 55k, and if it dips further, 25% at 50k. This approach reduces risk andmaximizes profit from the swing. However, if the market is on a continuous upward trend and you start averaging in, you’re essentially waiting for higher prices to enter, which could limit your gains. Some index funds recommend this in the name of DCA, but it’s not always the best strategy.If you have any questions, feel free to ask, and I’ll try to address them in my next post.
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