Blessed to be recognized by Top Crypto exchange Binance two years and we got 3 Awards
I wouldn't take any credit because it wouldn't be possible without your love and support and i would like to dedicate these awards to my followers. You all are like my family. ❤️
I will continue to bring value in your trading journey.
Got the opportunity to ask a question from Binance CEO "Richard Teng" what advice he would give to people who are just entering the crypto market and here is what he says.
We are still at the very early stage of crypto mainstream but before anybody start their crypto journey there are three important things to consider.
1- Take time to understand crypto and blockchain. There are many best sources including Binance Academy which is free and constantly updated. .
2- Explore the different chains and protocols.
3- Do your own research Do not fomo, specially while the market is heating up
3- if you want to try Start small while you learn and use a reputable platform like Binance.
I haven't sold any of my Altcoins. Most of you know I'm positional trader. i do not trade to catch small moves. You know how i played $BTC from around $60k levels.
My aim is to catch the same swing on Altcoins. it may take a few weeks and i don't really care. This is how positional trading works.
If i get a chance to get Altcoins lower I'll happily add more but i know what I'm aiming for.
Many of you are asking me or wondering why bitcoin is going up while Altcoins are going down only. I'll drop some thoughts about why it is happening.
1- When bitcoin leads Altcoins least likely to follow, This is how the money flows into crypto it goes into Bitcoin first and then likely into Altcoins. But it will always be difficult to find which Altcoin or category will perform as there are now so many options.
2- Big players are more interested in buying bitcoin.
3- Like i said People now have so many options to trade, so maybe the one I'm holding or you're holding doesn't go up at all. so it's always better to have the ones that are getting some volume and are in a clean uptrend.
4- It's always the retailers who pump altcoins and they are now more interested in meme coins. There was a time when people were chasing Altcoins on leverage trading but now they got the bigger gambles "memecoins"
I think these are the few factors affecting the Altcoins market. Good Altcoins will eventually do well imo.
Someone asked me if a coin holds a level what can we expect so i decided to write a post so most of you can read.
As long as a coin can hold a key zone that you have on your chart, you can continue to expect your predicted direction. For example $BTC is holding the $89500-90,000 level for the last few days. As long as price is holding above it you can continue to expect more upside.
This can also be used another way round. As long as bitcoin is holding $89500-90,000 there is no reason to call for a downside.
you can use same level for two decisions.
- Bullish as long as it holds - Bearish as it breaks below.
So this is how you can use a key zone for your trading decisions.
Bitcoin struggling to get some volume. No signs of the downside yet but if it drops below $90k and holds. I think that will trigger some short term correction.
$89500-90000 lets say. As this zone is clearly holding up the price.
$JUP One of the most used solana swap after Raydium it has been consolidating for weeks. As SOL is getting closer to it's All time high. i think it's worth keeping an eye on this consolidation breakout. Whenever it comes