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@MyNameJohny
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I am not a financial expert, but with over 5 years of experience in the market, I have advice for newcomers. Now that the income is quite stable, I will share the knowledge I find to be correct.
First: the essence of the market is the buyers and sellers, so don't draw trend lines for no reason.
Second: find support and resistance and determine which areas are strong (essentially, strong support and resistance areas are those where others place limit orders, so when the price reaches those levels, new orders will be executed).
Third: reading candles is very important (see how the candles react to support and resistance areas).
Fourth: do not stand in front of the train (going against the trend), this is the main factor that leads to account burnout.
Fifth: discipline is extremely important (do not enter orders recklessly, only enter orders according to a method and at truly good entry points). Patience is key; consider the risks of that order.
In addition, every day I share an order that I feel is a good entry point with the highest probability of winning on my personal page, you can refer to it. If you have any questions or want to ask, just message me, let's "learn first" and "make money later".
#BTC☀️
#Bitcoin❗
#bitcoin☀️
$BTC
First: the essence of the market is the buyers and sellers, so don't draw trend lines for no reason.
Second: find support and resistance and determine which areas are strong (essentially, strong support and resistance areas are those where others place limit orders, so when the price reaches those levels, new orders will be executed).
Third: reading candles is very important (see how the candles react to support and resistance areas).
Fourth: do not stand in front of the train (going against the trend), this is the main factor that leads to account burnout.
Fifth: discipline is extremely important (do not enter orders recklessly, only enter orders according to a method and at truly good entry points). Patience is key; consider the risks of that order.
In addition, every day I share an order that I feel is a good entry point with the highest probability of winning on my personal page, you can refer to it. If you have any questions or want to ask, just message me, let's "learn first" and "make money later".
#BTC☀️
#Bitcoin❗
#bitcoin☀️
$BTC
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Newcomers to the market should spend 5 minutes on this article
I am not a financial expert but I hope that with my experience over the past 5 years I can share some of it with newcomers.
Article 1: The nature of the market is that money flows from "one person's pocket" to "another person's pocket". So are you sure you can beat those who have knowledge and experience? You may be making a profit, but is that profit within your calculations, or is it just luck? According to statistics, more than 90% of market participants lose money. Do you think you UNDERSTAND THE MARKET enough to be in the remaining 10%?
Article 1: The nature of the market is that money flows from "one person's pocket" to "another person's pocket". So are you sure you can beat those who have knowledge and experience? You may be making a profit, but is that profit within your calculations, or is it just luck? According to statistics, more than 90% of market participants lose money. Do you think you UNDERSTAND THE MARKET enough to be in the remaining 10%?
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I advise anyone who hasn't burned their account from shorting to cut their losses; it's better to lose a little than to lose it all.
BTC is nearing 98k but there hasn't been a selling wave, showing that the whales are holding their positions firmly and will push it even higher (if there's a correction, it will be very brief, around 90k is the limit). Additionally, altcoins are dropping because capital is focused on pumping BTC; altcoins will only rise when BTC is moving sideways or declining.
Don't listen to groups calling for shorting since 70k; now we're at 98k and they're still calling for a big short. The money is yours, so make your own decisions. I know many will come in to say this and that, but I haven't lost money, and during such a strong bullish wave, it isn't the time to short. As someone who's been in the market for many years, you should understand this well. Wait for a sideways signal and then a downtrend to short; right now, resisting the tide will only lead to losing everything.
Wishing everyone a good day!!
#MarketDownturn
#btc
#bitcoin
$BTC
BTC is nearing 98k but there hasn't been a selling wave, showing that the whales are holding their positions firmly and will push it even higher (if there's a correction, it will be very brief, around 90k is the limit). Additionally, altcoins are dropping because capital is focused on pumping BTC; altcoins will only rise when BTC is moving sideways or declining.
Don't listen to groups calling for shorting since 70k; now we're at 98k and they're still calling for a big short. The money is yours, so make your own decisions. I know many will come in to say this and that, but I haven't lost money, and during such a strong bullish wave, it isn't the time to short. As someone who's been in the market for many years, you should understand this well. Wait for a sideways signal and then a downtrend to short; right now, resisting the tide will only lead to losing everything.
Wishing everyone a good day!!
#MarketDownturn
#btc
#bitcoin
$BTC
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