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Bitcoin targeting $50000, Yes or no?
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Don't P2P with this guy, if you do you have a high chance to lose your valuable time ( more than 5 hours) , it's an Indian, beware!!
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#Trading Bitcoin with the goal of minimizing losses requires a disciplined approach and adherence to several basic rules: Risk Management: Only invest what you can afford to lose. Set a maximum amount of capital you are willing to risk on each trade, and stick to it. Avoid risking large portions of your portfolio on single trades. Diversification: Don't put all your eggs in one basket. Diversify your investment across different assets to spread risk. This can help mitigate losses if one asset performs poorly. Set Stop-Loss Orders: Use stop-loss orders to limit potential losses on a trade. Set stop-loss levels based on your risk tolerance and the volatility of the market. This helps prevent emotional decision-making and limits downside exposure. Technical Analysis: Learn basic technical analysis techniques to identify trends, support and resistance levels, and potential entry and exit points. Understanding chart patterns and indicators can help you make more informed trading decisions. Fundamental Analysis: Stay informed about fundamental factors that can impact Bitcoin's price, such as regulatory developments, adoption trends, macroeconomic factors, and technological advancements. This can help you anticipate market movements and adjust your trading strategy accordingly. Stay Calm and Emotionally Detached: Emotions can cloud judgment and lead to impulsive decisions. Avoid making trades based on fear, greed, or FOMO (fear of missing out). Stick to your trading plan and remain disciplined, even during periods of market volatility. Continuous Learning: The cryptocurrency market is constantly evolving, so stay informed and continuously educate yourself about Bitcoin and trading strategies. Stay updated on market news, trends, and developments to adapt your trading approach accordingly. Practice Patience: Successful trading requires patience and discipline. Don't rush into trades or try to time the market perfectly. Wait for clear signals and confirmation before entering or exiting positions.
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Rule no. 01: Target should be 0.5% to a maximum of 1% everyday. Rule no. 02: Always use stop loss (SL) Rule no. 03: Never change the SL value if once set. Rule no. 03: Don't over trade, if you hit SL 2 times in a day, stop trading for that day because you have tomorrow also. If you want to know SL percentage let me know in the comments.
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#BTC $45000 possible
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#BTC spoiler ahead 30100 USTD, it's purely my thought, DYOR before investing#
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