No nonsense, no long talk. I gave my view on BTC on August 1 | Master Trader on Binance Square

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No nonsense, no long talk. I gave my view on BTC on August 1 when it was trading at $66,000. I shared this only for my friends who appreciate my view and analysis. Good luck!

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BTC

56,910.02

-0.00%

735

0

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Stay Away from Short Selling! Instead, focus on passive investments in the spot market, step by step, and at your comfort level. Slow and steady wins the race! Invest wisely and stay safe! $BTC $BNB $ETH

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The Secret to Having Money:- Want to know the secret to making money? Do what most people are scared to do, and avoid doing what everyone else is doing. Simple, right? Take technology, for example. When something new shows up, people freak out. Our brains go, "Nope, I like it here in my comfort zone." Remember the internet? Everyone was scared of it. Now, they’re all like, "Why didn't I buy Amazon stock?" The brave early adopters? They’re now laughing all the way to the bank. Think of the founders of Facebook, YouTube, and Twitter. Now, the same story is happening with cryptocurrencies like Bitcoin and Ethereum. Many people are shaking in their boots, convinced it's a scam. Meanwhile, the brave ones diving in might end up on yachts. The cautious folks are still hoping their 9-to-5 will magically turn into a million-dollar gig. Spoiler alert: it probably won’t. People love to jump on the bandwagon after they see others succeed. But by then, it's like trying to squeeze into a packed concert – the opportunity’s gone, and you’re stuck outside listening through the walls. Early birds get the worms, while the latecomers get crumbs. Every new technology is like a golden ticket to a chocolate factory. Cryptocurrencies are just one of those golden tickets. They could make you rich if you’re willing to learn and adapt. Other tech like electric cars and renewable energy are also out there, ready to turn quick thinkers into success stories. So, what’s the one technology that changed your life? Or are you still waiting for the next big thing while holding onto your flip phone?

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🎯 Sometimes markets run with very mixed moods; this is called a distributed market. In this phase, stocks, indices, or BTC can repeatedly touch or make new highs and close near previous highs. The same happens on the downside, where it makes new lows or closes near new lows. 🎯 I've seen this situation in several markets worldwide. It's called a big shakeout, where people get confused about the real trend. The purpose of these conditions is to trick everyone into going both long and short. Another purpose is to make you lose your money in trading so you don't have funds for long-term investments when the biggest bull run starts. This bull phase can last for many years, like 10 to 15 years. For example, you might see Bitcoin prices at 2 million dollars, 3 million, and XRP at 600 dollars, and so on. 🎯 I'm just explaining the theory, not saying this will happen now or in the future. I'm teaching you about one of the market conditions, like others conditions uptrend market, downtrend, sideways, and volatile markets. Now it's up to you to see what you find in the charts. Good luck!

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No nonsense, just straight talk! Check the screenshots of my posts from July 5, July 6, and July 16. I'm sorry I couldn't guarantee timely analysis because I was exhausted, and many people created disturbances due to misunderstandings. I also trade by myself, and posting analysis repeatedly disturbs my trading. That's why I stopped giving analysis and buy/sell tips publicly for a few days. I just posted my view and teaching for educational purposes. good luck!

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Check my posts from July 5 and 6. I hope you found them valuable and stayed away from short selling. Good luck!

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