🚨From $0 to $5000k: My Crypto Journey🚨
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I'm excited to share my knowledge with you on how to navigate the cryptocurrency market and maximize profits. In this post, we'll cover the basics of technical analysis (TA), market manipulation, and risk management.
🔴Understanding Market Cycles
Cryptocurrency markets, like any other, follow cycles. Each bull run begins and ends similarly, yet many investors fail to recognize this pattern, leading to significant losses. To succeed, it's essential to understand market dynamics and technical analysis.
🔴Technical Analysis (TA) Fundamentals
Charts reflect market emotions and are not random. Market makers often manipulate the crowd, making it crucial to understand how to read charts effectively.
🔴Key TA Concepts:
1. Trends: Identify bullish (higher highs and higher lows) and bearish (lower highs and lower lows) trends.
2. Support and Resistance: Recognize levels with 2-5 touches, which often break after 4-5 touches.
3. Fixed Range Volume Profile (FRVP): Utilize this indicator to identify peak trading volumes and support/resistance levels.
🔴Risk Management
Trading requires consistency, discipline, and risk management. No one wins every trade, and claiming otherwise is a sign of a scam. To succeed, you must take calculated risks and manage them effectively.
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