I am a university student who works, in turn, full time 2 hours from home. With all that this implies, I rarely sleep and rest properly (they want us to believe that this exhausting rhythm is the normal nowadays), that being said, it is likely that we let ourselves get carried away reluctantly by the routine, at the same time that we begin to Let go of activities and hobbies that made us fulfilled. Approximately 2 months ago I started with courses on investments in the stock market and crypto assets (from scratch) and, almost without looking for it, it gave me back a sense to continue learning new things and not feel stagnant. I always take the time to review my accounts and keep everything up to date.
I am going to share my situation to encourage more people to delve into this world that, although it is not new, is still innovative and constantly changing.
So as not to take up more time and rounding off... My mission with this post is to awaken that hunger to venture into THAT activity, sport, niche, study, course, etc. that was once pending, they delayed it or simply never completed it.
"No matter how late we arrive, we will always be ahead of those who never tried"
it is literally cyclical, I leave all my spot positions untouched and wait for it to rise again. If you sell, you realize the losses and that is when it hits you.
LIVE
Idontknow-2
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This little crypto world is quite crazy. I made 1400 USD (Almost 5 of my monthly salaries) in less than 2 weeks and lost it in less than 7 hours a few days later. You have to be very psychologically prepared and accept minor losses. The one who makes money is not the one who knows, but the one who controls the situations. My biggest recommendation is to be psychologically prepared to accept losses.
Okay, typical moment where you have to hold and that's it. Don't sell your positions at a loss, all you are doing is being honest about them, just wait for them to go up again and that's it. #BinanceSquareFamily
Doubling the initial investment is no joke and I'm sorry to say that there are no shortcuts, it's about working on it every day. I'm very sorry, but that's the reality. #BecomeCreator #InvestWisely
Having spent 9 months since this publication, I must say that it went better than I expected. I doubled my initial investment and learned a lot; I feel more comfortable and, at the same time, like someone with more experience in this world (which can devour you if you don't master it well). To top it off, I graduated with a degree in Business Administration (after 6 arduous years of study and setting aside plans with friends, family gatherings, etc.), which is an achievement that will accompany me forever. A humble piece of advice for those who are just entering this world: Always have a job that provides you with a fixed income per month first, and only then start trading (it can be 10/15% of your salary), gradually injecting capital into cryptocurrencies up to a certain point, and if you do things decently, it will take care of itself. Good luck to everyone and happy upcoming holidays 🍀💫🍻 #BecomeCreator #2024withBinance
LIVE
Tomack
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Bullish
Hi, how are you? I introduce myself;
I am a university student who works, in turn, full time 2 hours from home. With all that this implies, I rarely sleep and rest properly (they want us to believe that this exhausting rhythm is the normal nowadays), that being said, it is likely that we let ourselves get carried away reluctantly by the routine, at the same time that we begin to Let go of activities and hobbies that made us fulfilled. Approximately 2 months ago I started with courses on investments in the stock market and crypto assets (from scratch) and, almost without looking for it, it gave me back a sense to continue learning new things and not feel stagnant. I always take the time to review my accounts and keep everything up to date.
I am going to share my situation to encourage more people to delve into this world that, although it is not new, is still innovative and constantly changing.
So as not to take up more time and rounding off... My mission with this post is to awaken that hunger to venture into THAT activity, sport, niche, study, course, etc. that was once pending, they delayed it or simply never completed it.
"No matter how late we arrive, we will always be ahead of those who never tried"
It took me 4 years in the crypto market to realize these things and it only takes you 2 minutes to read: 🤏
1. No matter the market condition, one thing remains the same: 8% of people will own 21 million Bitcoins.
2. Financial, capital and risk management skills are 100x more important than technical analysis or crypto research.
3. Making money while you sleep: There are many ways to make money in the crypto market without actively trading.
On average, #Bitcoin has increased by over 100% annually over the past 15 years. Yet why are so few people making money? Because getting rich quick is a common mentality. If you can't dedicate at least 4 hours a day to crypto, stick with Bitcoin and ETH: 70% in BTC and 30% in ETH.
Trust no one: Trust leads to hope, disappointment and mistakes. Learn independently and take responsibility for your actions. This is how you gain experience in automatic mining!
The ultimate goal of investing: to make life more meaningful. If investing in cryptocurrencies can achieve this, go for it. If not, reconsider.
Cryptocurrencies are now a financial market: originally born from technology, they are now influenced by macroeconomics and connected to mainstream financial markets.
People may discourage you from buying Bitcoin, but remember, once something is widely accepted, the opportunity may disappear.
Seize your chance now!
Invest wisely, make meaningful decisions, and let crypto pave the way for a future.
I will proceed to periodically buy $SOL , I have faith that it will be a good source of wealth maintenance, standing as the 3rd currency after $BTC y $ETH #Binance #Solana #Bitcoin ✍(◔◡◔)
Understanding candles - How To Grow Your Trading Accuracy - Practical Tutorial
Intraday trading is a method of investing in cryptocurrencies where the trader buys and sells cryptocurrencies on the same day without any open positions left by the end of the day. Hence, intraday traders try to either purchase a cryptocurrency at a low price and sell it higher or short-sell a cryptocurrency at a high price and buy it lower within the same day. This requires a good understanding of the market and relevant information that can help them make the right decisions. In the cryptocurrency market, the price of a cryptocurrency is determined by its demand and supply among other factors. Tools such as candlestick chart patterns offer great help to traders. We will talk about these Candlestick Charts and offer steps to help you read them. What are Candlestick Graphs/Charts? Candlesticks are a visual representation of the size of price fluctuations. Traders use these charts to identify patterns and gauge the near-term direction of price in the cryptocurrency market. Composition of a Candlestick Chart This is how a candlestick chart pattern looks like:
As you can see, there are several horizontal bars or candles that form this chart. Each candle has three parts: The BodyUpper ShadowLower Shadow
Also, the body is colored either Red or Green. Each candle is a representation of a time period and the data corresponds to the trades executed during that period. A candle has four points of data:
How to Analyze Candlestick Chart for Cryptocurrencies The body of the candle in a candlestick chart represents the opening and closing price of the trading done during the period for a particular cryptocurrency. Understanding this is crucial for candlestick trading. Traders can quickly see the price range of the cryptocurrency for the said period by looking at the chart. Moreover, the color of the body indicates whether the price is rising or falling. For instance, if a candlestick chart for a month with each candle representing a day has more consecutive red candles, then traders know that the cryptocurrency's price is falling. Vertical lines called wicks or shadows above and below the body show the highs and lows of the traded price of the cryptocurrency. Traders can use this information to analyze the sentiment of the market towards the cryptocurrency. Candlestick Chart Patterns Candlestick charts are an excellent way of understanding investor sentiment and the relationship between demand and supply, bears and bulls, greed and fear, etc., in the cryptocurrency market. Traders must remember that while an individual candle provides sufficient information, patterns can be determined only by comparing one candle with its preceding and next candles. To benefit from them, it is important that traders understand patterns in candlestick charts. Let's divide the patterns into two sections: Bullish PatternsBearish Patterns Analyzing these patterns can help traders make informed decisions about buying or selling cryptocurrencies. Bullish Patterns Hammer pattern This is a candle with a short body and a long lower wick. It is usually located at the bottom of a downward trend. It indicates that despite selling pressures, a strong buying surge pushed the prices up. If the body is green, it indicates a stronger bull market than a red body.
Inverse Hammer pattern This is a candle with a short body and a long upper wick. It is usually located at the bottom of a downward trend too. It indicates buying pressure followed by selling pressure. It also indicates that buyers will soon have control.
Bullish Engulfing pattern This is a pattern of two candlesticks where the first candle is a short red one engulfed by a large green candle. It indicates a bullish market that pushes the price up despite opening lower than the previous day.
Piercing Line pattern This is a two-candle pattern having a long red candle followed by a long green candle. Also, the closing price of the second candle must be more than half-way up the body of the first candle. This indicates strong buying pressure.
Morning Star pattern This is a three-candle pattern that has one candle with a short body between one long red and a long green candle. There is usually no overlap between the short and the long candles. This is an indication of the reduction of the selling pressure and the onset of a bull market.
Three White Soldiers pattern This is a three-candle pattern that has three green candles with small wicks. These candles open and close higher than the previous day. After a downtrend, this is a strong indication of an upcoming bull trend.
Bearish Patterns Hanging Man pattern This is a candle with a short body and a long lower wick. It is usually located at the top of an upward trend. It indicates that the selling pressures were stronger than the buying thrust. It also indicates that bears are gaining control of the market.
Shooting Star pattern This is a candle with a short body and a long upper wick. It is usually located at the top of an upward trend too. Usually, the market opens higher than the previous day and rallies a bit before crashing like a shooting star. It indicates selling pressure taking over the market.
Bearish Engulfing pattern In candlestick chart analysis, this is a pattern of two candlesticks where the first candle is a short green one engulfed by a large red candle. It usually occurs at the top of an upward trend. It indicates a slowdown in the market rise and an upcoming downtrend. If the red candle is lower, the downtrend is usually more significant.
Evening Star pattern This is a three-candle pattern that has one candle with a short body between one long red and a long green candle. There is usually no overlap between the short and the long candles. This is an indication of the reversal of an upward trend. This is more significant if the third candle overcomes the gains of the first candle.
Three Black Crows pattern This is a three-candle pattern that has three consecutive red candles with short wicks. These candles open and close lower than the previous day. After an upward trend, this is a strong indication of an upcoming bear market.
Chart patterns can be used to understand trends and sentiment of the cryptocurrency markets. There are several other patterns to explore in order to gain a deeper understanding of market movements. Use this as a starting point and continue to learn and refine your analysis skills.
Happy trades and successful investments! #Write2Earn #Bitcoin #Binance $BTC
By wanting to participate in the Launchpools, people immobilize up to $$ that they don't have and then they leave you with a token like #NOT that is quoted at 0.009 daaaaale at its launch... half a stack brother.. #Binance #Launchpool #criptoculture
What is the limit of patience? When does the need to see results start to get to your head? What weighs more in times of crisis? On the one hand, we know that if we hold, the cryptomarket will probably be reactivated after the halving and we will multiply what we initially invested, but on the other, the economic situation does not let up and the waiting period becomes shorter.
The best part about investing what you can afford without putting your financial life at risk is that in these cases of partial losses due to lower prices, all that remains is to wait and not sell. The economy is cyclical and cryptos are not exempt, we will return.. 🚀🤑 #Binance #Solana #tothemoon
I was guilty of innocence since this is my first Halving and the losses did not take long to come. I'm sure we will come back stronger from this 💪🏻🚀🍀 #Bitcoin #solana #Binance
Hold and don't sell your $SOL , the next bullish movement is coming before the Halving ✂️🚀
LIVE
Tomack
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I will proceed to periodically buy $SOL , I have faith that it will be a good source of wealth maintenance, standing as the 3rd currency after $BTC y $ETH #Binance #Solana #Bitcoin ✍(◔◡◔)
I will proceed to periodically buy $SOL , I have faith that it will be a good source of wealth maintenance, standing as the 3rd currency after $BTC y $ETH #Binance #Solana #Bitcoin ✍(◔◡◔)