HOW TO MAKE 100$ TO 1 MILLION DOLLAR
My Journey from $100 to a Million in Crypto đđ°
Starting with just $100, Iâve managed to grow it into a million-dollar portfolio. Want to know how I did it? Letâs break it down, so you can learn and start your own journey in the crypto world.
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Mastering Market Trends & Technical Analysis (TA)
Ready to dive in? Follow me for deeper insights.
Understanding Crypto Market Cycles:
Crypto markets move in cycles, just like any other financial market. Recognizing these cycles can help you stay ahead of the curve. Hereâs a quick rundown on how to navigate these cycles effectively:
Trends: Seeing the Bigger Picture
Bullish Trends: Identify when prices are making higher highs (HH) and higher lows (HL).
Bearish Trends: Notice when prices start forming lower highs (LH) and lower lows (LL).
Pro Tip: Charts represent market sentiment. Remember, these patterns are often driven by the actions of market makers trying to influence the majority.
Support and Resistance: The Basics
Support Levels: These are price points where downward movement tends to pause and reverse.
Resistance Levels: These are points where upward price movement often stalls.
Key Advice:
Identify support and resistance by spotting at least two touches.
If a level is touched 4-5 times, be prepared for a potential breakout.
Fixed Range Volume Profile (FRVP): Your Go-To Tool
What It Does: Displays the trading volume at various price levels within a specific range.
Why Itâs Crucial: It helps in pinpointing strong support and resistance zones.
4. Risk Management: Staying Grounded
Consistency and Discipline: Successful trading isnât about striking it lucky; itâs about following a consistent and disciplined approach.
Reality Check: Losses are part of the game, even for the best traders. Be wary of anyone who promises otherwise.
Remember: Trading carries risk, but with proper risk management, you can increase your chances of success.
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