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The current trend of the cryptocurrency market is similar to that of last year. ❗❗❗ After a round of panic decline, it may usher in a rapid recovery. Just like the market during the Dragon Boat Festival last year, the market has now experienced a panic decline. Whether it will bottom out and rebound next is worth paying attention to. It is expected that if there is a rebound, the speed will also be very fast, possibly within ten days to half a month, and then we can observe which altcoin series will have outstanding performance. Although the market is full of uncertainty now, it is also a period full of opportunities. Many altcoins experienced a sharp decline in April and May. Most of the currencies that are still rising in the market are a small number of strong or hot currencies. Therefore, it becomes particularly important to screen currencies and keep up with market hotspots. Many opportunities in life are encountered on the road of going all out, and the same is true for making money in the currency circle. It is not easy to make money in the currency circle. The key to entering this circle for trading is to do two things well: risk management and trading mentality adjustment. If you can't withstand market fluctuations, it may mean that you are not suitable for the high-risk T+0 trading market. In the cryptocurrency market, only by doing a good job of risk control and mentality adjustment can you make steady profits in this volatile market. #BTCFOMCWatch #altcoins #RiskManagement"

The current trend of the cryptocurrency market is similar to that of last year. ❗❗❗

After a round of panic decline, it may usher in a rapid recovery. Just like the market during the Dragon Boat Festival last year, the market has now experienced a panic decline. Whether it will bottom out and rebound next is worth paying attention to. It is expected that if there is a rebound, the speed will also be very fast, possibly within ten days to half a month, and then we can observe which altcoin series will have outstanding performance.

Although the market is full of uncertainty now, it is also a period full of opportunities. Many altcoins experienced a sharp decline in April and May. Most of the currencies that are still rising in the market are a small number of strong or hot currencies. Therefore, it becomes particularly important to screen currencies and keep up with market hotspots. Many opportunities in life are encountered on the road of going all out, and the same is true for making money in the currency circle.

It is not easy to make money in the currency circle. The key to entering this circle for trading is to do two things well: risk management and trading mentality adjustment. If you can't withstand market fluctuations, it may mean that you are not suitable for the high-risk T+0 trading market. In the cryptocurrency market, only by doing a good job of risk control and mentality adjustment can you make steady profits in this volatile market.

#BTCFOMCWatch #altcoins #RiskManagement"

Жауапкершіліктен бас тарту туралы мәлімдеме: үшінші тараптардың пікірлері бар. Қаржылық кеңес емес. Ішінде жарнамалық контент болуы мүмкін. Шарттар мен талаптарды қараңыз.
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@Darkknight19073

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🚨Open your mind and read🚨 What are we experiencing for alts? Why are the altcoins declining pretty hard. I dont have an exact answer however if we look at elliot waves there might be an answer. The move of alts from the bear market lows to its heights is most likely a complete wave 1 on a high level. Normally, after a move like this, you can expect an ABC correction as a wave 2. Now, wave 2s often reach a retracement level 0.786 if you take the length of the bear market low upto the peak. Alot of tokens are there. Many are almost there. And some has gone abit lower. If you understand elliot waves. You know that 2nd waves are the MOST BEARISH WAVES. Market sentiment is bad. Really bad. Ofc it is, its a blood bath. You can smell it. You can feel it in the air. It feels like the world is ending. Everyone is bearish. But in reality its normal. After a wave 2, a wave 3 follows. It’s the strongest wave and most impulsive one too. Losses are quickly recovered. A wave 3 is also called a FOMO wave. This wave can lead to new all time highs. Think about it. Lots of people are selling at a loss hoping to buy back lower. What happens when the market suddenly moves? Simple, they all rush to buy back in. More likely at a higher price. Am i saying this is a 100% guarantee? No. Am i saying this is happening tomorrow? No. But if you look at the signs. It’s all there. Literally not a single bullish post. The numbers add up. The market is disgustingly bad. It spells wave 2!! What im trying to say is, you cannot control the market. However, you can control your emotions. You can control how you understand charts. You can control calculating risk. You can control pretty much everything else. When did the market ever follow majority of the people? Calm down. Look at the charts. Breathe. Then decide. This is not the time to act impulsively. Markets can reverse in a blink of an eye. Youve seen that happened many times before. Its not different this time. Stay focused. Goodluck guys 👍 #Darkknight19073 #Write2Earn!
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⛔⛔ STOP LOSING MONEY BY UNDERSTANDING MARKET CYCLES ⛔⛔ Financial markets, like natural phenomena, move in predictable cycles. These cycles often trap retail traders, much like how games lure players in with the promise of small wins just to claim larger losses. The example of BTC in 2017: Bitcoin’s price skyrocketed from around $1K in January to nearly $2K in December. However, by early 2018, Bitcoin’s price dropped to around $3K by December 2018. Many investors faced big losses. 4 of Market Cycles & Common Mistakes: Accumulation: This phase follows a significant market decline. Prices are low, and investors are pessimistic. Example: After Bitcoin’s 2013 crash from $1K to below $200, the accumulation phase saw cautious buying by those who believed in its long-term potential. Common Mistakes: During this phase, many investors are too fearful to buy. Uptrend: Characteristics: The market begins to recover. Example: Throughout 2017, Bitcoin’s price steadily climbed & media coverage fueled investor confidence. Common Mistakes: As prices rise, many investors jump in late, buy at higher prices & increase their risk of losses. Distribution: Characteristics: The market reaches new highs. Example: In late 2017, Bitcoin’s price surged towards $20K, driven by extreme optimism. Common Mistakes: During this phase, investors often buy at the peak of the market, driven by overconfidence. Decline: Characteristics: The market begins to fall from its peak. Example: By early 2018, Bitcoin’s price began to fall sharply, leading to panic selling and significant losses for late investors. Common Mistakes: Investors often hold on to their investments too long. As prices continue to fall, fear sets in, leading to panic selling. The Cycle Repeats These phases repeat over time, and understanding them can help you become a more consistent and successful trader. ! Like, share & follow @Dark Knight Signals #bitcoin #memecoins #markettrends $BTC $ETH $SOL
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