Struggling to make profits this year?
That's because you didn't have the right crypto trading strategy yet.
Most paid channels won't like me sharing this but I'll do it anyway👇
The market often trades in a range.
When these ranges break, they can offer some of the best trading opportunities.
If you learn how? The game changes considerably in your favor and the sky is the limit.
Let's go from the basics to a pro 👉
Resistance is the highest point before price pulled back. This is also called a swing high.
Support is the lowest point before price went back up. This is also called a swing low.
Both support and resistance appear in an uptrend or downtrend.
We will just trade both of them differently depending on the current trend.
Only buy at support in an uptrend.
Only sell at resistance in a downtrend.
Always follow the trend. Never go against it.
Chart Example:
On the left side we see an uptrend. Any of these supports are great buying opportunities.
Only buy the the dips.
On the right side we see a downtrend. Any resistance are great selling opportunities.
Only sell the rallies.
A trendline is also a type of support and resistance.
This time they are diagonal instead of horizontal however.
Connect the swing lows in an uptrend or the swing highs in a downtrend.
As long as this line holds you trade with the direction of the trend.
The more points you can connect the better.
In an uptrend you buy the dips
In a downtrend you sell the rallies
Once the line breaks there's a potential reversal. Uptrend to downtrend or downtrend to uptrend.
The higher the time frame the more accurate.
A channel is when we connect both the highs and the lows in an up or downtrend.
They are based on the same concept of trendlines. Once one of these breaks we have a potential reversal.
If they hold you continue trading with the trend.
More about using real strategy on this concept.
Break and retest involves waiting untill price breaks out and only entering a trade when price comes back and retests that broken area.
The best traders wait for price to come to them and not chase it.
When something breaks you can be aggressive and enter a trade right away or you can be conservative and wait for price to come back to you.
Trading conservative in 99% of times will do you more good.
A previous resistance becomes support once broken.
A previous support becomes resistance once broken.
Wait for price to break out and come back to test that area as valid support or resistance.
Enter the trade.
Trendlines are no different.
Wait for price to break your trendline and come back to retest it.
Let price validate your broken area and give you a better entry.
Enter the trade.
You can look at multiple different time frames.
A 1 hour chart is not a 4 hour chart and vice versa.
The more analysis techniques you combine including timeframes will drastically improve the odds of success.
Combine TA with FA and more and you'll have the holy grail in your hands.
Master it, study it and execute it.
Wealth awaits.
If you like these article consider giving me a follow @BitEagle News
I write guides to make you a better trader

#BullRun #BitEagleNews

Turned $30 into $40,000 in just 5 days degening on @ pumpdotfun
My secret? A rock-solid strategy.
Here's my ultimate @ pumpdotfun playbook👇🧵

Before we jump in, could I ask for a favor?

I've dedicated a ton of time to writing this ARTICEL and truly appreciate any interaction!
Please share, reply, or hit that like button if you can 👆

Before aping into a new coin, do a quick search
One result? Good to go.
Multiple results? You might end up buying a copycat.

Double-check the token
After picking a coin, always make sure it’s the right one.
How? Verify the token's dev.

Check out the dev profile
➢ Go to the "coins created" tab
➢ Paste CA into the search bar
If the dev is a rugger, you’ll likely see comments on their old projects saying he rugged or jeeted.

Next, check the dev's allocation
A 6 to 8% allocation isn’t terrible, but be cautious.
This could be a way for the dev to make quick profits.
Look for devs who either buy in really low (showing commitment) or buy a lot (for control & build).

Check the socials before buying.
Don’t buy if:
➢ Te|egram is locked
➢ The dev says they're just STARTING to work on socials
Also, a prepaid DEXScreener doesn’t guarantee the dev is legit. It's a positive indicator, but not proof.

Keep bets small
Only allocate a small slice of your portfolio, or what you can afford to lose, to memecoins.
This approach makes decision-making easier. Think of memecoin trading like gambling.
Would you bet everything on red? Take a moment and consider.

If you use Pumpfun 24/7 and follow these tips, you're likely to find tokens at a very low MC.
90% of tokens may flop, but that 10% could score you big – think 10x, 100x, or even 1000x gains that erase all losses.
Get an edge over the crowd by using tools.
It could be anything:
- Dexscreener
- Solscan
- And so on
That's a wrap for now!
If you don't want to miss my future content, follow me everywhere:
https://linktr.ee/cryptopm

#notcoin
#altcoins
#BinanceLaunchpool
#bitcoin
#bitcoinhalving

Bitcoin boosters like to claim Bitcoin, and other cryptocurrencies, are becoming mainstream. There’s a good reason to want people to believe this.
The only way the average punter will profit from crypto is to sell it for more than they bought it. So it’s important to talk up the prospects to build a “fear of missing out”.
There are loose claims that a large proportion of the population – generally in the range of 10% to 20% – now hold crypto. Sometimes these numbers are based on counting crypto wallets, or on surveying wealthy people.
But the hard data on Bitcoin use shows it is rarely bought for the purpose it ostensibly exists: to buy things.
Little use for payments
The whole point of Bitcoin, as its creator “Satoshi Nakamoto” stated in the opening sentence of the 2008 white paper outlining the concept, was that:
A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.
The latest data demolishing this idea comes from Australia’s central bank.
Every three years the Reserve Bank of Australia surveys a representative sample of 1,000 adults about how they pay for things. As the following graph shows, cryptocurrency is making almost no impression as a payments instrument, being used by no more than 2% of adults.
Payment methods being used by Australians

Reserve Bank calculations of Australians' awareness vs use of different payment methods, based on Ipsos data.
By contrast more recent innovations, such as “buy now, pay later” services and PayID, are being used by around a third of consumers.
These findings confirm 2022 data from the US Federal Reserve, showing just 2% of the adult US population made a payment using a cryptocurrrency, and Sweden’s Riksbank, showing less than 1% of Swedes made payments using crypto.
The problem of price volatility
One reason for this, and why prices for goods and services are virtually never expressed in crypto, is that most fluctuate wildly in value. A shop or cafe with price labels or a blackboard list of their prices set in Bitcoin could be having to change them every hour.
The following graph from the Bank of International Settlements shows changes in the exchange rate of ten major cryptocurrencies against the US dollar, compared with the Euro and Japan’s Yen, over the past five years. Such volatility negates cryptocurrency’s value as a currency.
Cryptocurrency’s volatile ways

90-day rolling standard deviation of daily returns for major cryptocurrencies compared with the Euro and Yen. The Crypto Multiplier, BIS Working Papers, No. 1104, CC BY
There have been attempts to solve this problem with so-called “stablecoins”. These promise to maintain steady value (usually against the US dollar).
But the spectacular collapse of one of these ventures, Terra, once one of the largest cryptocurrencies, showed the vulnerability of their mechanisms. Even a company with the enormous resources of Facebook owner Meta has given up on its stablecoin venture, Libra/Diem.
This helps explain the failed experiments with making Bitcoin legal tender in the two countries that have tried it: El Salvador and the Central African Republic. The Central African Republic has already revoked Bitcoin’s status. In El Salvador only a fifth of firms accept Bitcoin, despite the law saying they must, and only 5% of sales are paid in it.
Read more: One year on, El Salvador's Bitcoin experiment has proven a spectacular failure
Storing value, hedging against inflation
If Bitcoin’s isn’t used for payments, what use does it have?
The major attraction – one endorsed by mainstream financial publications – is as a store of value, particularly in times of inflation, because Bitcoin has a hard cap on the number of coins that will ever be “mined”.
As Forbes writers argued a few weeks ago:
In terms of quantity, there are only 21 million Bitcoins released as specified by the ASCII computer file. Therefore, because of an increase in demand, the value will rise which might keep up with the market and prevent inflation in the long run.
The only problem with this argument is recent history. Over the course of 2022 the purchasing power of major currencies (US, the euro and the pound) dropped by about 7-10%. The purchasing power of a Bitcoin dropped by about 65%.
Speculation or gambling?
Bitcoin’s price has always been volatile, and always will be. If its price were to stabilise somehow, those holding it as a speculative punt would soon sell it, which would drive down the price.
But most people buying Bitcoin essentially as a speculative token, hoping its price will go up, are likely to be disappointed. A BIS study has found the majority of Bitcoin buyers globally between August 2015 and December 2022 have made losses.
The “market value” of all cryptocurrencies peaked at US$3 trillion in November 2021. It is now about US$1 trillion.
Bitcoins’s highest price in 2021 was about US$60,000; in 2022 US$40,000 and so far in 2023 only US$30,000. Google searches show that public interest in Bitcoin also peaked in 2021. In the US, the proportion of adults with internet access holding cryptocurrencies fell from 11% in 2021 to 8% in 2022.
Read more: What is Bitcoin's fundamental value? That's a good question
UK government research published in 2022 found that 52% of British crypto holders owned it as a “fun investment”, which sounds like a euphemism for gambling. Another 8% explicitly said it was for gambling.
The UK parliament’s Treasury Committee, a group of MPs who examine economics and financial issues, has strongly recommended regulating cryptocurrency as form of gambling rather than as a financial product. They argue that continuing to treat “unbacked crypto assets as a financial service will create a ‘halo’ effect that leads consumers to believe that this activity is safer than it is, or protected when it is not”.

Whatever the merits of this proposal, the UK committtee’s underlying point is solid. Buying crypto does have more in common with gambling than investing. Proceed at your own risk, and and don’t “invest” what you can’t afford to lose.