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⚠️⚠️⚠️⚠️ Accumulation , Breakout and Retracement the three forms of Crypto Market ⚠️⚠️⚠️ 1: In cryptocurrency trading, there's a cyclical pattern that often unfolds. The first step is accumulation, where savvy traders and investors accumulate assets when prices are low, often during periods of market consolidation or downturns. This phase is characterized by relatively low trading volumes and subdued price action. 2: Following accumulation, there's typically a breakout or uptrend phase, where prices start to surge due to increased buying pressure and positive market sentiment. This phase often attracts momentum traders and speculators looking to capitalize on the upward movement. 3:As prices reach peak levels, the market enters a distribution phase, where early investors and traders start to sell their holdings to lock in profits. This phase is marked by increasing selling pressure and may lead to a consolidation or correction in prices. Finally, the cycle repeats itself as the market undergoes another round of accumulation, leading to a new cycle. Understanding these phases and recognizing patterns can help traders make more informed decisions and navigate the volatile nature of cryptocurrency markets.

⚠️⚠️⚠️⚠️ Accumulation , Breakout and Retracement the three forms of Crypto Market ⚠️⚠️⚠️

1: In cryptocurrency trading, there's a cyclical pattern that often unfolds. The first step is accumulation, where savvy traders and investors accumulate assets when prices are low, often during periods of market consolidation or downturns. This phase is characterized by relatively low trading volumes and subdued price action.

2: Following accumulation, there's typically a breakout or uptrend phase, where prices start to surge due to increased buying pressure and positive market sentiment. This phase often attracts momentum traders and speculators looking to capitalize on the upward movement.

3:As prices reach peak levels, the market enters a distribution phase, where early investors and traders start to sell their holdings to lock in profits. This phase is marked by increasing selling pressure and may lead to a consolidation or correction in prices. Finally, the cycle repeats itself as the market undergoes another round of accumulation, leading to a new cycle. Understanding these phases and recognizing patterns can help traders make more informed decisions and navigate the volatile nature of cryptocurrency markets.

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🚨🚨 My Mistakes as a Crypto Beginner 🚨🚨 My Mistakes as a Crypto Beginner which you can avoid: 1: Don't get FOMO (Fear of Missing Out) 2: Don't cut profits 3: Secure profits So I started Crypto in October last year as a total beginner. I thought you can make money quickly only by futures (Not realizing you can also lose money quickly). So started futures and got 70$ of loss by just longing or shorting coins . 70$ is a good amount (not much but a fair amount) in my country. I then started spot because it looked safe to me and also they were too low . The bull run was also in initial phase. So I bought some coins like storj , dot and some other . I got a lot of profit in storj . Slowly steadily I recovered all my loss and was in profit. But here are four examples where I missed amazing profits 1: I bought 4 farm coins at 39.45 and after 3 days it pumped to 68 . I didn't book profit and waited it to go more but It came down and I sold it at 44 with just 25 dollar profit instead of 112 . I sold it and next day it went again to 60$ . I again got FOMO and bought at 56 and waited for 2 months and sold at 58 and after some 2 weeks it went to 128 . 2: I bought id at 0.032 and sold at 0.046 . But it went to 1.70. I sold that coin because I had no knowledge of consolidation or retracement 3: I bought bel for a big amount of usdt at 0.91 and sold at 1.03 to buy mdt . I sold bel just before the pump to 2.68 . I had previously set my orders at 2.50 . So I almost missed 330 usdt profit So as a beginner crypto trader you need two things to keep in mind when buying in spot and selling in spot 1: Follow narratives like AI narrative took wld to 11 , fet to 3 and many other coins got too high 2: clear goals and patience. Don't be a jumping rabbit and just rely on your projects. Will like to share more such tips in my next posts
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