LIVE
Wildaldeano
@Square-Creator-3579a0112d14
Sledite
Sledilci
Všečkano
Deljeno
NEVER BUY ON ROUND NUMBERS
This post will be relatively technical, but it will teach you a lot and greatly help you understand the market. Read it carefully and reread it if everything is not clear in your mind.
Many of you probably use "Limit" orders to buy or sell your cryptos. For those who don't know, "Limit" orders are orders that allow you to buy or sell automatically at a certain price. For example, if you want to sell 1 BTC at $68,500, you place a Limit sell order at $68,500, and it will automatically sell your BTC when it reaches that price.
But what you need to understand is that you should never place Limit orders at round numbers like $70,000, $75,000, or even $75,500. When you do this, you are doing what a lot of people do, which is placing your orders at key psychological levels, and therefore at these levels there are a lot of people selling. This means that your order is drowned among thousands of other orders, and therefore it takes a lot more money to fill your order.
For example: imagine there are 1,000 BTC for sale at $70,000. This means that 1,000 BTC need to be bought from these people to fill all the orders. However, 1,000 BTC, for many people: there is very little chance that there will be 1,000 BTC available for purchase at this level. Now imagine that you place your order at $69,999: this doesn't change anything for you, however, you will not be drowned among all the other orders, and therefore you have a much better chance of your order being filled.
Obviously, this works for all cryptos and any round number.
Feel free to ask your questions in the comments if it's not clear enough.
This post represents my personal views.
Thank you for reading.
If you liked it, don't hesitate to like, comment, share this post, and especially subscribe, it helps me a lot. You can also tip me to support me financially, it's my only way of being rewarded for teaching you as much as possible about the crypto market. Thank you very much to those who do.
Livio P-V.
#Write2Earn
This post will be relatively technical, but it will teach you a lot and greatly help you understand the market. Read it carefully and reread it if everything is not clear in your mind.
Many of you probably use "Limit" orders to buy or sell your cryptos. For those who don't know, "Limit" orders are orders that allow you to buy or sell automatically at a certain price. For example, if you want to sell 1 BTC at $68,500, you place a Limit sell order at $68,500, and it will automatically sell your BTC when it reaches that price.
But what you need to understand is that you should never place Limit orders at round numbers like $70,000, $75,000, or even $75,500. When you do this, you are doing what a lot of people do, which is placing your orders at key psychological levels, and therefore at these levels there are a lot of people selling. This means that your order is drowned among thousands of other orders, and therefore it takes a lot more money to fill your order.
For example: imagine there are 1,000 BTC for sale at $70,000. This means that 1,000 BTC need to be bought from these people to fill all the orders. However, 1,000 BTC, for many people: there is very little chance that there will be 1,000 BTC available for purchase at this level. Now imagine that you place your order at $69,999: this doesn't change anything for you, however, you will not be drowned among all the other orders, and therefore you have a much better chance of your order being filled.
Obviously, this works for all cryptos and any round number.
Feel free to ask your questions in the comments if it's not clear enough.
This post represents my personal views.
Thank you for reading.
If you liked it, don't hesitate to like, comment, share this post, and especially subscribe, it helps me a lot. You can also tip me to support me financially, it's my only way of being rewarded for teaching you as much as possible about the crypto market. Thank you very much to those who do.
Livio P-V.
#Write2Earn
Un buen resumen que vale la pena compartir
#WorldCoin. WORLDCOIN RECAP AND FUTURE PREDICTION.
In the ever-evolving world of cryptocurrency, Worldcoin has recently emerged as a focal point for traders and enthusiasts. Just five days ago, my analysis hinted at profit potential, a foresight that seems to have resonated with many in the market.
Worldcoin projection
Yesterday marked a significant breakout from our demand zone and major trendline, signaling the influence of sellers. This move occurred amidst Worldcoin fans claiming their coins, some still in the process of claiming WLDcoins, and active selling. The goal was clear – position strategically, either by waiting for lower entry points or already holding positions initiated at 7.010.
Looking ahead, if sellers persist, we can expect a retest on our major trendline or demand zone before potentially dropping to zone 5. The fluid nature of demand and supply zones means they can transform based on the prevailing market dynamics.
Understanding the market’s fluidity is key. For instance, a supply zone could become a demand zone if buyers gain the upper hand within that range. And if buyers retain control, we can expect the market to surge repeatedly.
In navigating this complexity, incorporating patterns within patterns is crucial for better accuracy. For those finding trading challenging, the ‘Hodl’ strategy remains steadfast in the face of market uncertainties.
In conclusion, Worldcoin’s journey unfolds with twists and turns, offering opportunities for those who can decipher its intricacies. Navigating the crypto market requires staying informed an$d adapting to changing patterns for optimal results
previous Artcles
#TrendingTopic #Write2Eam #writing-is-my-earning #WorldCoin. #btc
$WLD
In the ever-evolving world of cryptocurrency, Worldcoin has recently emerged as a focal point for traders and enthusiasts. Just five days ago, my analysis hinted at profit potential, a foresight that seems to have resonated with many in the market.
Worldcoin projection
Yesterday marked a significant breakout from our demand zone and major trendline, signaling the influence of sellers. This move occurred amidst Worldcoin fans claiming their coins, some still in the process of claiming WLDcoins, and active selling. The goal was clear – position strategically, either by waiting for lower entry points or already holding positions initiated at 7.010.
Looking ahead, if sellers persist, we can expect a retest on our major trendline or demand zone before potentially dropping to zone 5. The fluid nature of demand and supply zones means they can transform based on the prevailing market dynamics.
Understanding the market’s fluidity is key. For instance, a supply zone could become a demand zone if buyers gain the upper hand within that range. And if buyers retain control, we can expect the market to surge repeatedly.
In navigating this complexity, incorporating patterns within patterns is crucial for better accuracy. For those finding trading challenging, the ‘Hodl’ strategy remains steadfast in the face of market uncertainties.
In conclusion, Worldcoin’s journey unfolds with twists and turns, offering opportunities for those who can decipher its intricacies. Navigating the crypto market requires staying informed an$d adapting to changing patterns for optimal results
previous Artcles
#TrendingTopic #Write2Eam #writing-is-my-earning #WorldCoin. #btc
$WLD
