The secret to making a profit often lies in patience. While you are anxious and may be losing money, others are waiting for the best entry point to profit, whether long or short. Do you want to join the group that is profitable? Here are some tips:
Patience is a virtue of those who are profitable. Wait and identify the right moment to enter a trade, instead of getting carried away by impulse.
Analyze trends and patterns. Understand how the market behaves and use this to your advantage.
Have a clear plan and follow it rigorously. Avoid trading based on emotions. Use technical indicators and fundamental analysis to make more informed decisions.
Do not invest more than you can afford to lose. Set clear limits and respect them. I suggest you monitor your capital using Stop Loss.
Be cautious, strategic and patient, and you too can reap the rewards in the cryptocurrency market.
It seems that Bitcoin has decided to take a horizontal stroll after the drop of the last few days.
Instead of going up or down, it has preferred to float on the plain as if it were just another day off in the park.
What does this mean for us, regular traders?
In my humble opinion, it is best not to give in to the temptation of making hasty decisions. I think the market is showing signs that it has not yet decided where it is going.
The best bet I am making at this moment is to remain calm, because if BTC manages to hold this support line, we may see a recovery in the coming days. Otherwise, prepare for more volatility. The market is still trying to find its balance.
Remember, the cryptocurrency market is like a bunch of emotions in one day. Stay informed, do your own research and be ready for any move.
ANOTHER TIP: Avoid Leverage and Don't Complain Later!
In recent days, the market has been relentless and unpredictable. The truth is that no one, apart from the big players (the famous whales), knows exactly where the market is going. Whether you like it or not, they are the ones who dictate the direction.
So, here is a valuable tip: AVOID LEVERAGE. The temptation to use leverage to increase your profits may be great, but the risk also increases exponentially. In the volatile market we are seeing now, leverage can lead to significant losses in the blink of an eye.
I would say that the moment still requires a lot of caution. I have been closely observing the market behavior and I see clear signs of whales acting behind the scenes. For this reason, I have not entered the futures market for 2 days.
Always stay up to date with the latest market news and analysis and avoid the temptation of leverage.
Be patient, sometimes the best course of action is to do nothing and wait for clearer market signals. If you are already stuck in some Tokens, set and adjust a Stop Loss according to what you can afford to lose.
I hope this helps! Remember, caution now can prevent major headaches later. Stay alert and be strategic!
Calm down, folks! It doesn't hurt to wait for the Non-Farm Payroll (NFP) data tomorrow.
I'm pretty sure that the Payroll report could impact the crypto market, here's why:
When the NFP report shows significant job growth, this usually strengthens the US dollar and can lead to an even greater drop in cryptocurrency prices, as investors seek safer assets.
On the other hand, a weak report can result in an appreciation of cryptocurrencies, as the dollar weakens.
Therefore, it is important to monitor this data and be prepared for possible market reactions. If you are not yet closely following this economic news, it is good to pay attention.
I personally did not make any trades today and will not do so until I see how the market will react.
Trading BNB currency pairs on Binance offers several advantages to investors. Here are some reasons why you should consider this option:
Enjoy low trading fees that reach up to 25% off, generating more savings for your capital.
Accompany High Liquidity, where deep order books ensure smooth trading, providing a fluid experience for traders.
With over 100 assets paired with BNB available, you have a wide range of options to choose from, among them are the most popular pairs such as: $BNB /$BTC - $BNB /$ETH - $BNB /$USDT and many others!
Remember, it is essential to do your own research before trading to value every penny of your capital. 💰
I'm just starting to enter Futures with high leverage. I haven't even set my Stop Loss yet, but I'm going to do it now. If it goes down, I'll do 2 more DCAs.
Since the market went down a lot yesterday and today, I'm going to wait a bit before placing my Take Profits.
DO YOU KNOW WHY SO MANY PEOPLE LOST SO MUCH IN THESE TWO DAYS?
Exactly because they didn't pay enough attention to two obvious reasons that have been widely published here: IMPULSIVITY and STUBBORNNESS. These two attributes are the biggest adversaries of Traders.
This sudden drop in the crypto market in the last 24 hours has put many traders on alert. I'm tired of saying that acting on impulse or stubbornness, that is: making impulsive and emotional decisions, are usually the main causes of capital losses for most traders.
I only understood this a few years ago when I felt the bitter taste of losing my money on my skin and in my pocket.
To avoid going through what I went through, here are some practical and objective tips for those who lost money in this drop and became disoriented:
Stay calm. In times of high volatility, it is crucial to avoid making hasty decisions. Fear and anxiety can lead to serious mistakes.
Review your trading strategy and adjust your approach as needed.
Don’t put all your resources into one asset. This way, you can always reallocate your capital and mitigate risks.
Never forget to use technical indicators, so you can identify trends and make more informed decisions. In addition to technical indicators, fundamental analysis can provide a broader view of the market and help you make more sound decisions.
Every loss is a learning opportunity. Analyze your decisions and learn from your mistakes to improve your future strategies.
Always set clear limits for your losses and strictly follow them. A good risk plan can help protect your capital and avoid big losses.
Remember, momentum can be a big adversary, but with a disciplined and strategic approach, you can reduce the risk of big losses, overcome challenges and achieve success in the crypto market.
It’s good to remember that in big drops, there can be the biggest opportunities.
After a sharp drop in the cryptocurrency market in the last 24 hours, I want to say that it is important not to panic and to be strategic and cautious when investing.
Here are some tips to help you make informed decisions:
This screenshot I just took of the BTB/USDT pair shows some key points to watch out for:
The Current Price was 95,124.09, with a drop of 5.69%. The high and low in the last 24 hours had the highest quote at 100,960.06 and the lowest was 94,543.86 and the Trading Volume was at 3.66B USDT.
The Exponential Moving Averages (EMAs) were at: - EMA(7): 95,590.44 - EMA(25): 96,970.06 - EMA(99): 98,212.99, while the RSI (Relative Strength Index) was at 31.97, indicating that the asset may be close to the oversold region.
Given the scenario and the information provided by the chart, here are some suggestions for proceeding when investing:
Monitor Technical Indicators: Support and resistance levels based on moving averages can help identify potential entry and exit points.
Pay attention to the RSI. With the RSI at 31.97, the asset is approaching the oversold zone, which may indicate a potential buying opportunity if there are signs of a reversal.
Assess the long-term trend and monitor the market. High 90-day and 1-year variation can be a good sign for long-term investors.
Set clear Take Profit and Stop Loss levels to protect your capital, especially in such a volatile market.
Stay informed and follow the news and developments in the cryptocurrency market that can affect prices.
Remember that we are all here because we have the same purposes. 🚀💰
Earlier today, I logged into the #Binance app to check my positions and came across an interesting situation to share with you! Crypto $ETH surpassed my Take Profit, then fell and passed the Stop Loss. The curious thing is that, in both cases, the operation was not closed! 😳
Below is a screenshot of the graph 📈: Know that there are several reasons why this can happen.
Let's exchange experiences and tips about these unexpected situations in trading! 🚀💬
Guys, the idea is to show how I'm applying it in practice. Right now, I'm investing in 5 trades. Analyzing the charts, I identified specific insights that led me to make this decision. See two of them.
Always remember: do your own research and analysis before making any investment decision. Let's grow and learn more and more together!
What do you think about $HIVE ? Manipulation or Just Coincidence?
I've seen a lot of negative comments about manipulation. Some say it's all a coincidence, others believe there's something more behind it. What do you think?
🗣️ Leave your comment below and let's see what the guys here think about it.
Some thought they would buy private islands after the Bio launchpool, others didn't even know how to jump on the Bio boat! 😂 And of course, there were those who laughed their heads off at the hilarious and funny comments on my post yesterday.
But the truth is that Bio didn't care about any of that, it was listed like any other token and until now it has followed its normal flow, frustrating most of its investors.
Friends, jokes aside, it is important to understand that every launch generates expectation and speculation.
Before blocking your assets and buying launches, research, analyze and compare with previous launches. Realize that all the fuss is only at the beginning - some tokens rise, others fall. The only constant is the huge fluctuation in prices and the risks.
📊 Tip: During upcoming launches, don't get carried away by the noise of some of the thousands of "experts" interested only in their own profits. Before locking your capital and even buying tokens at launch, do your research, analyze previous launches, compare and trust your analysis.
Those who read know more: Have conviction in your decisions!
It is essential to trust yourself when it comes to investing in the crypto market.
It seems at the moment that altcoins have reacted positively to their lowest levels and the market is showing some growth, while BTC dominance has fallen to a good level so that altcoins can flow positively.
It is easy to tell people to sell when the market is not in their favor and this is exactly what many “Analysts” publish and confuse many people's minds.
The ideal is not to become hostage to the "sea" of opinions that test your knowledge and your ability to develop and follow your investment plan.
Remember the countless times you rushed and lost money, simply abandoning your plan to follow other people's opinions.
Keep in mind that only you are responsible for your money. Trust in the time you dedicated to learning and planning your financial growth and follow your plan!
I wish good business and good profits to everyone!
As soon as the statement by Binance's CEO was published, opinions among Brazilians are already divided.
See Richard Teng's statement below and comment on what you think could happen from now on.
"2024 has been a tremendous year for crypto and for Binance, and there is no better way to start 2025 than with our 21st global regulatory milestone.
Binance is now a licensed broker-dealer in Brazil, an important achievement for this important market.
We are also at the forefront and have become the first crypto exchange to hold a broker-dealer license in Latin America's most populous nation, reflecting our continued efforts with the responsible and sustainable development of the Web3 industry and the growing adoption in Brazil and globally.
Basic Tips on How to Prosper with $100 in the Crypto Market.
With $100, you can adopt different approaches for the short, medium and long term. Here are some objective tips on what to adopt.
Short Term:
Choose a Reliable Exchange: Choose secure and recognized platforms to avoid fraud. I have been using Binance for a long time and have not had any problems so far.
Follow News and Trends. Stay up to date, the crypto market is highly volatile and reactive to news.
Learn how to read charts to identify price patterns.
Set Loss Limits. Learn how to use stop-loss to your advantage to protect your capital.
Medium Term:
Don't put all your money in a single currency. Spread your investments across different cryptos.
Research cryptos that have real utility and good future prospects.
Use the gains obtained in the short term to reinvest in medium-term opportunities.
Stay calm during periods of high volatility and stick to your investment plan.
Long Term
Choose Consolidated Cryptos, such as Bitcoin and Ethereum, which have already proven their resilience over time.
HOLD. Adopt the strategy of keeping your cryptos for a long period, regardless of price fluctuations.
Stake cryptos that offer more rewards for those who keep them locked up for a certain amount of time.
Use cold wallets (hardware wallets) to store your cryptos for the long term.
With these tips, you can optimize your initial investment of $100 in the crypto market, ensuring a good balance between risk and return. Always remember to do your own research and, if possible, consult a financial expert.
In my next posts, I will give practical examples showing the step-by-step of short-term operations, to make it easier for beginners to get started.