➡️ The bull market is an opportunity to make easy money only if you have a definite plan. Note: Because of the massive hikes in price, even traders/investors without a definite plan can make money, but they will eventually give it back to the market.
➡️ The bull market is made up of impulsive & correction patterns. So don't panic when there is a parabolic drop in price within a short period only if the overall market structure is bullish. In most cases, long red candles come to liquidate high leverage positions.
➡️ Usually, Bull market Corrections are temporary dips of 5% - 15% and offer great opportunities to Dollar cost average.
➡️ Have an exit strategy. Don't fall for the bull run euphoria. Think logically, not emotionally.
➡️ Do your own research before you trade/invest your money in any coin. Make sure the outcome of your decisions is based on your own conclusions (research), not just what someone/influencer shared/posted.
🚨 Could Mt. Gox $BTC sell pressure spark the new ALTS Season?
Mt. Gox, once the largest BTC exchange in the world is unlocking about $9B worth of BTC to repay it creditors. This action could exert a huge selling pressure on BTC.
BTC price has already started downside movement and can continue in case old holders decide to sell.
Although many altcoins are down -70%.
The BTC unlock may cause investors to reallocate some of their funds into altcoins. This could serve as a catalyst for a possible alts season.
NB: The market will not go down forever. Stay strong 💪 and positive as we navigate this difficult phase together.
Interesting times ahead. 🤩 #MtGoxJulyRepayments #AltSeasonComing #BTC☀ #Write2Earn!
A pullback occurs when there is a pause or moderate retracement in the price of a given asset. This market price retraces are due to the recent peaks that occur within a continuing uptrend. The image below clearly explains what a "Valid" Pullback looks like.
There are two types of Pullbacks, namely: a. Corrective Pullback In a corrective pullback, price returns to the Demand Zone and sweeps the existing liquidity around that key level .This also indicates that there's no selling pressure. The pullback is moderated, not agressive.
b. Impulsive Pullback In a Impulsive Pullback, price drops impulsively and agressively.
There's no interest in price stopping at the Demand Zone. In this situation, the uptrend structure broken and lost. It is not convenient to place a buy in the Order Block at this levels. In simple terms: "Don't catch a falling knife".
How to identify Pullbacks? 1. Moving Averages (MA) Some Indicators as MA's are very useful to identify Pullbacks.
This is a "Corrective Pullback" in $BTC Price Action. Price retraces to 100MA in the Daily Time frame, and from there bounces and keeps the Bullish trend intact. Price DOESN'T lose the TREND.
2. Bollinger Bands (BB)
BB is a great indicator to identify trends. In this example, we can find a "Impulsive Pullback" in $BTC Price Action. Price doesn't react to the Demand Zone, therefore, an agressive sell happens. When you see the price losing this levels, DON'T BUY. 3. RSI Through the RSI you will can identify HIGHS and LOWS of the current MS.
In this example, you can see "Corrective Pullbacks" None of this Pullbacks lose the current trend. RSI will identify us the HIGH and the LOW of this Pullbacks. $SOL #BinanceTournament #Write2Earn!
$FIL 15min charts shows a nice demand zone at the $4.4 price range. If this support is respected, we could see price surge to the $4.8 - $5.0 resistance levels. On the flipside, if the $4.4 support does not hold, we could see a retest of the $4.2 - $4.3 key levels. #Dyor2024 #Write2Earn!
$REZ is currently showing a strong recovery on both the 4hr and Daily time frames.
If the price breaks the 0.099 - 0.1050 resistance and holds above that price range, we could see a strong upward momentum to test 0.12 - 0.13 key levels in the coming days.
Asset manager VanEck has filed an S-1 registration form for a Solana (SOL) exchange-traded fund (ETF) with the Securities and Exchange Commission (SEC), prompting SOL to jump by more than 6%.It marks the first ETF registration for Solana in the U.S. six days after a similar product launched in Canada.
$SOL is trading at $148, which has jumped by 6% since the filing went live.
It marks the first Solana ETF registration in the U.S.
💡📈 Be a step ahead of the masses with these 4 simple market research tips.
Here’s the most effective way to research altcoins and find real opportunities.
1️⃣ DYOR on altcoins that are ranked 100 - 500 by market cap:
👉Visit the official website of any CEX/DEX: Binance, Coingecko, CoinMarketCap, Dropstab, CryptoRank etc. 👉Filter alts however you want 👉Identify those that are currently declining the most but showing significant building processes and have a strong community 👉Add all potential projects to your watchlist "Which projects will recover faster and then skyrocket the most?"
2️⃣ Analyse the project's team: 👉Ensure the team is actively working on the project. 👉The team should be genuinely interested in the project's growth and the community around it.
3️⃣ Check out the project documentation: 👉Visit the official website of a project to check the project's official documentation and tokenomics. This is where valuable insights that others might overlook can be uncovered. 👉Examine the project's goals and how the team is working towards them.
4️⃣ Buy the token after doing your research: 👉Use Binance, Coingecko, CoinMarketCap, Dropstab, CryptoRank etc. 👉Check which CEXs/DEXs has listed the project and buy the token.
🚨 Could Mt. Gox $BTC sell pressure spark the new ALTS Season?
Mt. Gox, once the largest BTC exchange in the world is unlocking about $9B worth of BTC to repay it creditors. This action could exert a huge selling pressure on BTC.
BTC price has already started downside movement and can continue in case old holders decide to sell.
Although many altcoins are down -70%.
The BTC unlock may cause investors to reallocate some of their funds into altcoins. This could serve as a catalyst for a possible alts season.
NB: The market will not go down forever. Stay strong 💪 and positive as we navigate this difficult phase together.
Success is this space requires the right perspective and attitude.
Emotional traders are very common in this space. They panic sell when the market dips and fomo buy the top when the market rises. I've been here before. With no proper risk management, this pattern only leads to losses.
If you're emotionally bruised anything the market dips, then you need to re-assess your overall perspective of the market and adjust your attitude accordingly.
👉Those traders that excel in this space approach the market differently.
👉They are able to see the market behaviour beyond the rhetoric of the chart, with little or no emotional attachments.
👉They learn from their mistakes and make the necessary adjustments.
👉When the market dips, they rather study market patterns and act decisively. This is why they succeed.
To see victory only when it is within the ken of the common herd is not the acme of excellence. - Sun Tzu
If the price of $REZ holds above the 0.12 support, we could see price recovery upwards to test the 0.14 - 0.15 range (consecutive) and 0.16 - 0.17 key levels (high optimist)
In crypto, patience is not just a virtue but a strategy. #Renzo #Write2Earn!
If the price of $REZ holds above the 0.12 support, we could see price recovery upwards to test the 0.14 - 0.15 range (consecutive) and 0.16 - 0.17 key levels (high optimist)
This week, I decided to trade three volatile assets, namely $REN , $NOT , and $W .
My first two trades on #Renzo between Monday and Tuesday both gave me a return of 2:1 based on my risk tolerance.
However, in my next three trades: two trades in #NOTUSDT🚨 and one in #Wormholecoin all ended in losses because my stop-loss got hit.
I'm very conservative and believe in setting a stop-loss for each trade. That notwithstanding, is it ideal to set a stop-loss when trading highly volatile assets?