School of thoughts it's not about the amount of coins you bought . it is how long you can hold in the long term.
When you find a good coin with a used case and good token economic. buy and hold for long. even if it's just 3. bc one day that half of it can be hundreds of dollars 💰
Deflationary Cryptos Cryptocurrencies, coins, and tokens that decreases in total supply every time a token transfer happens. A percentage of the transferred amount will be burned with every transfer. example BNB, BTC list others in the comment
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Here are my 60 years Experience in crypto trading in one ultimate guide
The biggest bull run in crypto history is already here, and we all already know it. Many will hate me for sharing this for FREE, as these secrets will separate winners from losers. Here are my 60 years in crypto trading in one ultimate guide Have you ever wondered why trading works so well in crypto? The answer is simple: Fear and Greed. Each price movement isn't random. It's a reflection of crowd psychology.
When BTC, ETH, and altcoins experience huge upside, what usually happens? FOMO kicks in and crowd psychology really takes over. That's why I prepared all tips about trading that will give you an edge in this market 👇
❶ | Supply and Demand: Demand zones, also referred to as accumulation zones, are where large buyers accumulate their positions. On the other hand, supply zones, known as distribution zones, are where large sellers distribute their positions. Typically, the price remains within these zones; only 10% of the time does the price move either upwards or downwards (trend). The most easiest way is to identify them based on touch frequency. The level becomes more appealing to traders with increased touches and rebounds. However, this approach has its limits, because after 3-5 touches, the level usually reaches its breaking point.
Levels also have the property of being interchangeable. When a support level is breached, it automatically transforms into resistance. This reversal prevents the price from dropping further. Conversely, the same principle applies to demand zones. Simple, isn't it?
❷ | Trend Movement: ➜ Bullish Trend (Uptrend): Highs and lows consistently increase. ➜ Bearish Trend (Downtrend): Highs and lows consistently decrease. The trend reveals the direction in which the price is expected to move. To identify trend points, all you have to do is locate two key points: The lowest point and the highest point that form above the previous ones.
❸ | Fibonacci Levels: Fibonacci retracement levels connect any two points that the trader views as relevant, typically a high point and a low point. They help determine optimal buying and selling points. The most commonly used levels include: 0.5, 0.618, and 0.786. The percentage levels provided are areas where the price could stall or reverse. How to use Fibonacci retracement for buying points: · Wait for a bullish price movement · Draw the levels from the bottom to the top · Identify the optimal buying zones.
❹ | Fixed Range Volume Profile: The Fixed Range Volume Profile (FRVP) is an advanced tool that plays a key role in assessing market activity on the chart. It provides a comprehensive view of the market by shedding light on trading volume and price data over a specific period. In simpler terms, this tool displays the highest volume traded in a particular area. It is often used by traders to identify strong support or resistance levels. To get started with it, follow these steps: · Extend from the last bull or bear impulse · Wait for the price to begin correcting · Once it reaches this level, observe the reaction (bullish or bearish)
❺ | Trading Range: Trading range refers to the distance between the high and low prices in a given trading period. Range-bound trading is characterized by prices staying in a definable range over time. Following every significant price movement, a trading range typically ensues in about 90% of cases. A straightforward rule: If prices move from one level to another, it indicates large whales are accumulating positions.
That's all for now, my friend. In conclusion, remember the golden rule of trading: all these tools work better in combination. Also, keep in mind that without proper preparation, you can end up losing completely everything. Every minute, traders are trying to outsmart each other. Money isn't made out of thin air; you need to work hard for it! Just remember, I always believe in you, and I know you'll succeed 🫂
BTC is attempting to break out of the horizontal resistance. The RSI is in the overbought region, but there is no divergence, which is also a positive sign for the market. A weekly candle close above the triangle would provide further bullish confirmation.