What's so exciting about the new market increase? 🤔🤔😂
Our view is always that $BTC will increase to the $80 - $100k range, bringing DOM to over 65% will be the altcoin season.
👉So why do we have to care so much about fluctuations below $80k? Let's focus on working to earn and making DCA money!
💥💥💥If you have decided to hold x5 x10 or higher, you must practice observing large time frames, including 1D, 1W and 1M and stop checking 15p - 4H charts.
With a volatile market like crypto, those with a more comprehensive view will win. 👉 For example, in the PICTURE BELOW, BTC's 1M candle has a SINGLE candle, with a very positive super long-legged wick, showing Bitcoin's very strong recovery in August. However, with the 1D frame, it is a SET of dozens of small candles with high noise and price fluctuations to hunt for stoploss, kill margin.
😎In short, turn investing into a leisurely, stress-free job. If you invest all day and lose sleep, like walking on fire, you are on the wrong path.
To achieve this, you need to follow the following survival principles:
1. Good capital: If you don't borrow, there will be no pressure to pay interest. If you don't go all-in, there will be no worry of losing everything.
2. Separate between Trade and Hold: Newbies should divide 80% of their holding capital and 20% of their trading capital. Holding helps you get rich in the long run, while trading will help you monitor the market better, create reflexes and train your mentality.
3. Update knowledge: You are afraid of the market only because you do not understand it enough. You invest in groups without knowledge, when they are wrong, you will be wrong.Learn more so that when you lose, you know why you lost.
