This strategy capitalises on market corrections in the cryptocurrency space to make profit by identifying sharp declines in a crypto assets, DCA, and wait for rebounds as the market stabilizes.

Steps to trading CryptoReboundStrategy:

1. Identify Crypto Market Opportunity/Conditions e.g Oversold Assets:

a. Use of RSI (Relative Strength Index):

Understanding that an RSI below 30 typically signals that an asset is oversold and may soon rebound.

b. Monitor Market Sentiment:

Identify fear-driven sell-offs. The market may react to trader sentiments due to bad news or a broader market correction.

c. Set Alerts:

Use platforms e.g TradingView or CoinGecko to get notified when prices hit certain levels.

2. Plan Your Entry Point:

Wait for confirmation of a reversal pattern. Look for candlestick patterns such as bullish engulfing or a double bottom. Let the market show signs of stable rebound before you enter the market.

3. Decide on Your Exit Point:

Set realistic profit targets based on resistance levels or Fibonacci retracements. Consider selling in stages to lock in profits as the price rises.

4. Manage Your Risk:

Only invest what you can afford to lose. The crypto market is unpredictable, and not every rebound will play out as expected.

a. Use stop-loss orders to protect your downside. Place them slightly below your entry point to minimize potential losses.

b. Emotional Selling: When prices drop quickly, inexperienced investors often panic and sell at a loss. This creates opportunities for others to buy at a discount.

c. Buyers Step In: Institutional investors and experienced traders tend to step in during sharp declines, stabilizing prices and driving recoveries.

d. Market Cycles: Cryptocurrencies often move in cycles. After a significant drop, the market typically consolidates and rebounds before continuing its trend.

5. Dollar Cost Average (DCA):

With every or strategic dip in the crypto market of an asset, a trader can dca by investing funds anticipating a rebound.

#CryptoReboundStrategy

Bitwise Bitcoin ETF (BITB)

$51.42 (-1.12%) December 27 at 4:00:00 PM EST

BITB launched by Bitwise Asset Management was listed on NYSE and value calculated using the CME CF Bitcoin reference rate has recently proposed an Exchange Traded Fund (ETF)

Recently, the fund submitted an application to the U.S Securities and Exchange Commission (SEC) for a "Bitcoin Standard" Company ETF to provide exposure to companies with the following conditions to adopt the standard.

a. $1,000 BTC value
b. $100 million market caputalization
c. Daily Liquidity of $1,000,000
d. Keep private 10% of their stock

Example,

MicroStrategy owns 444,262 BTC, would dominate the fund, even though Tesla, with its 9,720 BTC, has a much larger market cap.
To ensure balance, no single holding can exceed 25% of the ETF.

$BTC #BitwiseBitcoinETF #BTC #bitb

WAYS TO EARN FREE CRYPTO

There are several ways to earn on crypto either active (trading, etc) or passive (airdrops, etc).

The following are ways to earn crypto on Binance:

a. Airdrops (Megadrop)
This method includes HODL crypto in a pool e.g Megadrop to receive special airdrops.
This method boost your crypto holdings through campaigns offer crypto rewards for completing tasks e.g HODL crypto.
This involves:
- Locking BNB
- Completing Web3quests
- Earn Reward

https://s.binance.com/P240wX1J

b. Binance
i. Earn
This method involves activities such as staking, liquidity farm, savings, etc to earn interest on one’s savings.
Using one’s crypto savings, one can earn interest by saving in either a flexible or fixed term investment.

ii. Square
- Learn and Earn
This method involves learning the features of crypto by educating oneself using educational programs and earn during the activity period.
By engaging in educational crypto programs e.g reading articles, videos, quizzes, etc one can learn about Cryptocurrency and blockchains technology.

iii. Launchpool
This method involves staking ones crypto i.e BNB or supporting crypto for a period during the activity to earn interests or special crypto.

iv. Write2Earn
This method involves writing educational facts/posts, tutorials etc on Binance Square to engage his/her audience while earning crypto.
This engagement could be likes, reports, comments etc while they could also earn crypto.

v. Referral
This method involves inviting non Binance users to register on the platform using one’s Binance referral link.
A Binance user can earn interests or crypto by the number of invited users via referral links.

vi. Social Media
This method involves posting educations activities, tutorials, promotions etc on social media to engage his/her followers while earning interest or crypto.

All these various ways offer simple ways to earn crypto in 2024.

Start Today!

#EarnFreeCrypto2024