Eight years ago, I entered the cryptocurrency market with an initial deposit of $420, entirely unfamiliar with how the market functioned. My introduction to this space came through a friend who encouraged me to give it a shot. My first foray into trading was in Solana futures, without any knowledge or strategy. Within just two days, my account was wiped out.

Undeterred, I deposited another $320, hoping to recover my losses, but within a week, I lost it all again. Frustrated but persistent, I deposited $520 in a revenge-driven attempt to recoup my losses, only to see my funds vanish the same day. Convinced that cryptocurrency trading was a scam, I resolved to quit.

However, my perspective shifted after seeing online success stories. A small group of traders consistently posted profits, and I thought, "If they can do it, why can't I?" This ignited my determination to find a way to succeed. I sought mentors on platforms like TikTok and paid for their guidance, but I still faced repeated liquidation.

Eventually, a friend told me about a mentor in Dubai specializing in crypto training. Although he only offered in-person classes, he referred me to an online expert in Asia who agreed to train me for $950 over two months. After arranging the funds, I joined his program—a turning point in my trading journey.

Learning the Fundamentals

The two months of training equipped me with the knowledge I needed to trade profitably. With a deeper understanding of the market, I restarted my journey with $420. This time, I focused on consistency, setting a modest daily profit goal of $6–$12 to steadily grow my portfolio.

I spent countless hours analyzing charts across various time frames and experimenting with indicators to understand market behavior. This disciplined approach to self-learning significantly enhanced my trading skills.

Progress and Current Success

Several months ago, I re-entered the futures trading market. My first day ended with a minor loss, but I kept my investment minimal to manage risk. Over the past 5–6 months, I haven’t experienced liquidation in futures trading.

Today, my account balance has grown to approximately $19,500. I earn between $4,000 and $4,800 monthly from futures trading, using a wallet size of $1,100. My primary investments remain in spot trading and funding wallets, ensuring long-term financial stability.

Key Lessons Learned

1. Stick to Your Plan: Emotional decisions, such as panic selling or over-leveraged buying, lead to losses. Discipline is crucial.

2. EMA Strategies:

For short trades: EMA 5 on a 5-minute chart.

For mid-term trades: EMA 21 on 15-minute and 1-hour charts.

For long-term trades: EMA 50, 100, and 200 are essential. Avoid relying solely on smaller time frames.

3. Margin and Leverage Management:

I use 4x leverage and ensure my margin never exceeds 1% of my portfolio.

4. Fibonacci Retracements:

Identifying retracement levels is vital. I prioritize the 0.618 level over the popular “golden pocket.”

5. Candle Analysis:

Understanding candlestick patterns is essential for consistent profitability.

6. Liquidation Data:

Monitoring liquidity pools is critical. I avoid relying on commonly used liquidity heatmaps, which are often manipulated by exchanges. Instead, I use reliable, alternative tools.

7. Price Action over Fundamentals:

While fundamentals can influence the market, 98% of my success comes from mastering price action.

Final Thoughts

Today, I am satisfied with my journey in the cryptocurrency market and optimistic about the future. Patience and avoiding greed have become cornerstones of my trading approach. My goal is steady, sustainable growth.

Disclaimer: This information is shared for educational purposes only. I do not offer paid groups or sell trading signals. Be cautious of individuals or groups selling signals, as they often lack consistent trading success themselves. Always conduct your own research before investing.
#BSCOnTheRise #AIAndGameFiBoom

According to BlockBeats, Ripple announced on social media on December 5 that the launch of RLUSD will not occur today, despite some speculation. The company is currently working closely with the New York Department of Financial Services (NYDFS) to finalize the approval process and will provide updates as soon as possible. Ripple emphasized its commitment to launching the product under the supervision of NYDFS while adhering to the highest regulatory standards.Fox Business journalist Eleanor Terrett reported that two sources familiar with the process indicated that today was initially expected to be the launch date. However, some last-minute developments have led to a delay. Previously, it was reported that Ripple was on the verge of receiving approval from NYDFS to issue the stablecoin RLUSD, with an anticipated official launch date of December 4, 2024.

ADA, SOL, and SUI are among the most-performing cryptocurrencies.

Each of the blockchains thrives on unique attributes.

SUI’s low capitalization leaves room for more upside movement.

An Altcoin Buzz analyst has identified Cardano (ADA), Solana (SOL), and Sui (SUI) as some of the most-performing cryptocurrencies in the current crypto market bull run. ADA recently gained over 200% in a single month, SOL achieved a new all-time high in November, and SUI reached record levels in an impressive bull market rally.

The analysts considered Charles Hoskinson’s efforts and those of the Cardano team as the tailwind that could boost ADA’s value in 2025. The Cardano team’s commitment to scientific research sets the blockchain project apart. Every upgrade undergoes rigorous academic review, ensuring the network’s robustness and security. Cardano excels in smart contracts, DeFi, and governance. Its ecosystem recently gained traction with DeFi protocols and is driving user adoption.

Unlike Cardano, Solana’s Proof-of-History (PoH) consensus, combined with Proof-of-Stake (PoS), allows the network to handle thousands of transactions per second. The blockchain’s exce…

The post Bitcoin Breaks $100K in Blitzkrieg Rally, Yet Cardano, Solana, and Sui Shine appeared first on Coin Edition.

The post Bitcoin Hits $100K , But 30% Correction Is Expected in Next 4-8 Weeks appeared first on Coinpedia Fintech News

The Bitcoin market is in a highly bullish phase, with many believing it could soon cross the $100K milestone. Investors are riding a wave of optimism as Bitcoin has surged by 45.65% since November 5, while the Altcoin market has seen an equally impressive rise of 46.57%.

It seems the market is unstoppable—or there is a correction incoming? Bitcoin is charging towards $100,000, up 0.99% since yesterday, and still holding strong with a 59.23% dominance. However, a slight dip in trading volume shows traders are both bullish and cautious.

Looking at the market scenario, Ran Neuner predicts that after Bitcoin hits the $100,000 mark, it will likely experience a correction, potentially dropping to between $75,000 and $80,000.

He believes this pullback can happen within the next four to eight weeks, driven by the typical volatility that characterizes Bitcoin’s bull markets. This price dip may reflect the past cycles, where corrections followed major Bitcoin price surges. 

Is this your chance to buy the dip, before the BTC touches new highs? Let’s understand. 

Preparing for the Dip

Neuner is gearing up for a potential Bitcoin correction by strategically adjusting his portfolio. He plans to hold 30% in cash, which will provide him the flexibility to buy during the anticipated market dip. Alongside this, he is reducing his leveraged positions and trading exposure, opting to focus on preserving his core Bitcoin holdings. This approach aims to minimize risks while positioning him to capitalize on opportunities during a pullback.

He expects Bitcoin to face a 25-30% correction after reaching the $100,000 milestone, which aligns with patterns seen in previous market cycles such as 2016-17 and 2020-21. Historically, Bitcoin’s sharp corrections are a natural part of its growth trajectory, often followed by strong recoveries.

Plus, Neuner highlights that altcoins typically rally when Bitcoin cools off after a major surge, as investors often redirect profits into smaller-cap tokens. With Bitcoin nearing the $100,000 level, he anticipates a similar trend this time, presenting a unique opportunity for altcoin investments at discounted prices. Despite the expected short-term volatility, Neuner remains optimistic about the crypto market’s long-term potential, fueled by regulatory shifts and investor sentiment, making this pullback a strategic buying moment.

Good time to Invest in Altcoins?

Overall, Neuner is optimistic about the future of crypto, even though he expects a short-term correction. He believes that in the next four years, the market will see strong growth due to changes in regulations and a shift in U.S. policies that favor crypto. Neuner sees the correction as a chance to buy altcoins at lower prices and remains confident in the long-term potential of the crypto market despite short-term ups and downs.