I've been trading for almost 17 years, 9 of which have been in cryptocurrency. So far I have seen bull market 3 times and dozens of declines. I started on Wall Street and lived through the global crisis of 2008. I mined bitcoin in 2012 and ethereum in 2015. Experienced its ups and downs before and after the Covid crash when all coins lost 50% of their value every day. Saw the fall of FTX when #BTC lost 40% of its value in a few days. I remember well over those 10 years all the excited talk when Bitcoin was rising and how the mood of the crowd changed when it fell. A time when there weren't all those useless memcoins and other shitcoins and blockchain technology was actually considered something mysteriously innovative, not a means of speculation like it is now. There used to be no fear and greed index, but just like now people had a fear of falling, which turned into panic terror. And after a while it turned into blind optimism and desire to invest the last penny in crypto in the hope of getting rich. That's why I look at the market realistically and without enthusiasm when it grows and without fear when it falls. Right now I see that we are in a correction phase, that's why I'm talking about it. When the time comes, I'll say we're going up... but not now.
#binance #Bitcoin #DeFi $BTC #Ethereum

Do You Want to Be a Succesful Trader?

Here are the most important methods you need to learn!!

The most popular form of technical analysis are Fibonacci retracements (FIBs), which have been particularly highlighted for their effectiveness in the current year, indicating their significant use among traders.

These levels are based on a series of numbers where each number is the sum of the two preceding ones (1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, and so on) [0].

To apply Fibonacci retracements, one connects any two points that they view as relevant, typically a high point and a low point. The key ratios used in this tool are 23.6%, 38.2%, 50%, 61.8%, and 78.6%, with 50% being included despite not being a Fibonacci ratio. These percentages indicate where the price might find support or resistance [0].
For example, if the price of a stock rises $10 and then drops $2.36, it has retraced 23.6%, which is a Fibonacci number. Traders use these retracement levels to set stop-loss orders or to identify points to enter or exit trades

Additionally, other widely used methods mentioned include basic ICT (Information and Communication Technology), support and resistance (S/R) zones, and structure theory. These techniques have been employed by traders to analyze price movements and make informed trading decisions [x6].

It's also worth noting that moving averages, particularly the Simple Moving Average (SMA) and the Accumulation/Distribution Line, are among the most commonly used indicators for day traders and technical analysts. These tools help in generating buy and sell signals and identifying trends or patterns.

Lastly, the Dow Theory, which was introduced in the late 1800s and is considered a foundational concept in technical analysis, continues to be relevant today. It emphasizes the importance of analyzing price movements and market trends.

Fibonacci retracements, support and resistance zones, moving averages, and the Dow Theory are some of the most popular forms of technical analysis used by traders to navigate the markets effectively.

TO WIN, DO AS THE WINNERS DO.🏆💯

Many beginners lose money in crypto, and not just beginners. Why? Simply because they don't act like the winners.

Before explaining anything, let's understand who the winners are: generally, it's the "smart money," the people with a lot of money. They are the ones who know how to invest in the market in order to win. Their method is extremely simple: they buy when the market is low and sell when the market is high.

What do you think these people were doing from June 2022 to March 2023, when all individuals were panicking about cryptos and selling everything because they were desperate? These people were buying up everything that was being sold to fill their wallets and maximize their profits. As a result, they are already at enormous profit levels, and they will be the ones to trigger the corrections and signal the end of the bull market when they consider they have made enough money to exit.

The worst part of all this is that there are still a lot of cryptocurrencies that have not yet taken off, which are perfectly comparable to Bitcoin when the smart money was buying. Yet, you prefer to focus on nonsense like $SHIB , $BOME , or even $PEPE : do you have anything in your head or how does it work? Seriously? Do you prefer to buy a crypto that has increased by x5 in the last 2 weeks rather than one that hasn't exploded yet?

Excuse me for telling you, but if you are in this situation, if you are losing money, it serves you right. You are investing irresponsibly, you are not informing yourself about anything and only buying the cryptos that are trending without even expressing a slight doubt during the purchase, thinking that it might already be too late.

Those who are at -40, -50% on PEPE, SHIB, etc., it will be a lesson for you. Many in the comments will come to complain about what I'm saying, and these are the same people who in a few months, at the end of the bull market, will have burnt their entire account.

#Btc #Bnb #Bullrun #HotTrends #ExpertParaCommUNITYon #ExpertParaCommUNITY