🔥 "There's no such thing as getting rich overnight" A long-time trader's sharing:
First: There is no such thing as getting rich overnight in this financial market; everything has to go through a process.
Second: There is no way to read 1-2 good books or watch 1-2 videos and become an expert; an expert must have over 10,000 hours of continuous activity in that field. So, you should stop thinking that reading 1-2 books and watching 1-2 videos will make you a great trader!
Third: Don't think that because of 1-2 profitable trades, you understand the entire market and are the best here. It takes time to know if a horse is good; 1-2 trades are nothing.
Fourth: If you make a profit, take it early; typically, there are some who trade large lots but only earn 1-2 pips—what's the point? Not to mention losses, which you tough it out and deposit more, then burn out without realizing it. If you win 1 but lose 10-20, you might as well sell your house because you won't profit.
Fifth: You should also stop thinking that having a large capital makes it easy to profit. This market requires knowledge; if you can't make a profit with $100, you won't with $100,000 or $1,000,000; it’s the same percentage.
Sixth: It is a profession; you graduate from university earning 10-20 million, while in finance, you can earn hundreds of billions without having to learn anything? Just step in, and you have money?
Seventh: Stop relying on bots, unless you can code that robot yourself. Most robots are made by the brokers, and profits are consistent; do you think the broker is just giving you money?
Eighth: Indicators should only be used when you thoroughly understand that indicator.
Ninth: In finance, scams by brokers happen frequently, so you need to be alert and choose trustworthy individuals. Nowadays, there are few Thach Sanh and many Ly Thong.
---> Try not to get dumped during this period 🔥🔥🔥🔥
$BTC DOM has not broken down yet to make room for altcoins to run the wave!
However, nothing increases forever and nothing decreases forever, this is the financial market - sooner or later DOM will decrease and altcoins will also increase strongly!
Every link of a cycle is operating very well!
Right now, the previous cycle from April to the end of 2020 was the time when the ponzi farming trend on DEX was very intense, it was as famous as the current meme, even more so when the presence of large funds in farming like Alameda
If last season, you guys jumped to play ponzi DeFi to kill each other, making altcoins lighter, then this season it is memecoin, the altcoin train is getting lighter as the market's attention is all on memecoins!
To be frank right now TECH > MEME, the only way for Tech coin to go up is PRICE MARKETING
Recently Binance listing, Meme list is pushed but technology is not!
So of course Binance must push a good Tech x5-10 to maybe attract users back to love technology to solve the meme story that is too hot.
But looking at the current technology lineup, to be bold, I probably only dare to choose the AI coin niche or even RWA, which has enough potential to become big, but the rest is like panning for gold.
Anyone who is holding altcoins, especially technology coins, be patient.
$ BTC continuously breaks ATH, altcoins only memes increase, the rest are mostly mediocre, entries are still good. Cash flow will soon flow to altcoins.
At this stage, the most important thing for you is PATIENCE. Whoever is PATIENT will be the winner.
I still take a little out to punch memes and take regular profits from technology coins.
$BILLY, the item that followed $DOGE yesterday, whoever bought it has made a profit today
Why are these the four immortals in the market, whether the wave is up or down! 🔥🔥🔥 You should read:
- When the wave is up, it is always the leading coin:
- $BTC Potential customer market - $ETH leads the L1, L2,... hsts - $LINK this season leads RWA - $DOGE leads Memecoin or this season $DOGE can be called a product shilled by the Government. When recently, President Trump appointed Elon Musk as the head of the Department of Government Efficiency or abbreviated as "DOGE".
- When the wave is down, when compared to the general level, there is always a gentler decrease amplitude and it is also safer to hold for a large portfolio.
A little different from previous seasons is that memecoin has become the main trend for the current season. This is a niche that is currently attracting more users and volume than the remaining niches.
As for Techcoin, sooner or later it will regain its position because:
- Tech is the core of the market, although it has not been applied too much, the story of tech is long and wide enough to create highlights as well as a roadmap for the market in the long term instead of the short term.
To be successful in the market, you need to have some skills !!!
🚨 1. Research and learn. You must constantly learn, constantly improve your knowledge and practice your skills. 🚨 2. Control yourself well. Emotions will greatly affect trading results. To achieve good trading results, you must keep “a hot head and a cold heart”. 🚨 3. Trading requires more patience than agility. Most of the time traders do only one thing, which is to sit and wait.
$DOGE already has this power and adds the D.O.G.E group, who can handle it!
So this season Techcoin is just the logistics for Memecoin explosion, huh guys? With $DOGE shill at this government level, it won't be long before F0 lands in the market.
Who is holding $$DOGE of any memecoin?
2 main shillers this season Trump + Elon = Trend Meme x100
To have good profits, you need to stabilize a trading system!!!!
So what does a trading system include?
👉 1. DETERMINE THE TREND -> INCREASE OR DECREASE, INCREASE TO BUY AND DECREASE TO SELL
👉 2. Find the entry point (this is extremely important) Find the optimal entry point for your system
👉 3. Set stoploss, the stoploss level will of course depend on the nearest support and resistance that you believe if the price surpasses it, then you have been wrong and accept to cut loss. If you cut loss on a trade too much, you will easily be affected psychologically and move the stoploss or when hitting the stoploss and losing a lot of money, the pressure will make you lose your calm.
Update $BTC and USDT.D a little bit for you guys! $BTC has the current trendline resistance of $90K8 - $91K2 guys
What about USDT.D? Currently also in the sensitive zone, the previous wave touched the trendline and then turned up => altcoin decreased by 30 -50 - 70%
1. Trendline, continue to decrease by about 2.6-2.5% => Altcoin has an explosion like Q4/2023-Q1/2024 2. Touch the trendline and recover to 4.9% and start decreasing from here => Anyone who remembers the positions from the previous wave, can buy when USDT.D touches 4.9%
- Futures: Because of the sensitive zone, all LONG positions with bad entries should be closed for profit or stl entry.
- Spot: If the spot position is good, you can hold it until USDT.D reaches 2.5%.
Wishing everyone a bullrun season and WIN EVERYWHERE YOU FIGHT.
Experienced traders all understand that a trending market is the easiest to trade and offers the best profits. The stronger and more sustainable the trend, the more profit it brings. In a trending market, don’t try to enter trades against the trend or you might burn your account.
👉 2. Are there any important support and resistance levels near the entry point?
When the market enters a bull run, the best thing to do when you have enough assets is to sit still!
Of course, while you are sitting still and holding, there will be countless reasons ABC directly affecting you to get shaken up.
1. Holding Altcoin but constantly getting shaken by rapid adjustments in $BTC like false dumps and then missing the chance to buy back in time => losing your position due to optimization => and always holding the mentality of waiting for the price to drop deeper than the price you sold before buying back => in the end, when the coin has gone through the entire price increase cycle, you can't resist jumping in to buy => sometimes resulting in losing all your initial gains.
2. Seeing your friend's coin, which is better and rising sharply with the market, while your coin also increases but not as efficiently => Jumping to buy the strong coin and in the end, your held coin skyrockets. Personally, I feel that sometimes it's unnecessary to compare one rising coin with one falling coin, but rather to compare both rising coins based on their performance.
3. A list of appealing new coins, creating a FOMO story, but the truth is that very few realize it is at the beginning of the wave, and only after a few strong cases have increased do people sell their held coins to jump in. Ultimately, they get dumped on by MM and exchanges.
4. Once you sell, you should divide your sell orders into several price zones to avoid the psychology of selling, then seeing the price rise again, which leads to the desire to re-enter. Altcoins move very quickly and create peaks just as fast; if you happen to chase them enough, there won't be a day to return to shore.
=> In my view, it's still best to spread your sales over multiple orders, look for other assets if there are solid ones to jump into; otherwise, just go back to $BTC or $USDT depending on your perspective and the position you want with the market.
There are countless reasons why just because the market is up doesn't mean you'll profit, my friends.
💥💥 To succeed in the market, you need to have some talents.
P/S: You all SHOULD READ AND RE-READ THIS. It's not excessive! 👌
🚨 1. Explore and learn.
You must continuously learn, constantly improve your knowledge and hone your skills.
🚨 2. Control yourself well.
Your emotions will greatly affect your trading results. To achieve good trading results, you must maintain 'a hot head and a cool heart'.
🚨 3. Trading requires more patience than agility.
Most of the time, traders do one thing only, which is to sit and wait. When the trend is not clear, wait until it becomes clear. When the trend is clear, continue to sit and wait for a better entry point.
When you have a better entry point, you must wait for a confirmation signal, and even after entering the trade, the trader still has to continue to sit and wait for the exit signal from the market.
If you are an impatient person, trading is not suitable for you.
🚨 4. Adhere to the rules.
This is one of the most important factors that help traders survive in the market. If you cannot follow essential rules, do not participate in trading.
🚨 5. Accept that you are wrong and start over, do not engage in losing battles such as holding losses or overtrading. The strategy of holding losses and overtrading is only for those with extensive experience in the market and strong capital.
»> No one can win forever or lose forever. What matters is that you make a profit. 🔥
When the market enters a growth phase, holding profits often feels much more difficult than taking losses. Especially during strong price rallies, you will see plenty of information on social media about coins that are soaring in value, while the coin you hold shows no signs of growth.
Perhaps recently, you have been feeling anxious witnessing Bitcoin continuously breaking new ATHs, while your account still shows no signs of recovery, and other coins remain stagnant. This makes many investors feel worried. However, remember that every coin has the opportunity to grow; the important thing is that you need to be patient and wait.
In particular, it is even harder to hold onto profits because when a coin surges and then corrects, the feeling of loss can be very significant. For example, when you are holding $SUI and see your asset value increase 5 times but then decrease by 20-30%, feelings of regret and remorse will arise. During growth phases, seeing price fluctuations is unavoidable.
Finally, accepting "holding losses" for the past 8 months means that seeing a coin increase also needs to be measured in months. Don't rush after a week of price increases to jump from one coin to another. Be patient and trust your choices.
$BTC has reached a peak of 77200 (quite close to the 78000 area). Currently, it continues to diverge and Boll is tightening - it's easy to break.
Today is the weekend with low volume, and BNB has surged again, which is a bad sign. BNB is extremely manipulated after the FUD in September 2023 that brought the price down to 202 (the 200 price is a trap for a bunch of whales). After that, there was a drop to 400 and a strong surge. Throughout the end of 2023 - currently, the price has always been maintained in the range of 500-600. So I think BNB is heavily manipulated.
CZ also just tweeted about the market. Usually, every time this happens, the price tends to drop.
Many billions of $ have just been minted and gradually deposited onto the exchange. This amount of $ probably needs a place to be spent.
The psychology of trading is an important part. But when we combine both perspective and feeling into it, trading well becomes incredibly simple. For those who have been trading for a long time, just by looking at this chart, they will know what the next step should be. #BTC☀ $BTC
System #SUI🔥🔥🔥🔥 is really different from the bubbles.. Dex and Lending on this SUI system are skyrocketing....
Looking at #CETUS and #NAVX skyrocketing?
Brothers who are investing in the entire #SUI system this season seem to be doing really well. I hold the main one so I increase less than those in the system.. $SUI $CETUS
In the uptrends, there will always be correction waves to offload before the new ATH price.
Depending on each person's trading style, if you determine to trade on a 30-minute or 1-hour chart, then you should optimize the waves.
If you plan to hold for a year before selling, then short-term price fluctuations won't matter much.
If there's worry, this is the time to worry about the uptrend not being able to find good large coins. The flow of money in this wave has already reached remote areas like $SUI, $APT pump coins.
After this wave, turn the trend back. The story of $ETH not increasing much is not surprising.
The market is stuck with you old-timers who refuse to change. When you are so sure that the money flow is running from $BTC to $ETH to large altcoins to mid to small. But after waiting, $ETH still hasn't doubled.
Basically, you need to understand that retail/community money wants to go big, so they invest in low cap, memecoin, mid cap. VC needs to push their coins at the end of the year to report to investors who pour money into the fund.
Otherwise, if $BTC increases by more than double but their chosen altcoins increase less than $BTC, who would believe and give them money to invest anymore? As a result, retail plays with small coins, while VCs push their own coins.
🚨 $BTC on August 11, 2024 🚨 - The H4 frame is forming a soft bearish pattern after $BTC has had a strong upward trend in the past few days. - Regarding EMA: The best long point is at $72.5k. => The trend from now until the end of the week is bearish!!! #MarketDownturn If you have any questions or want to understand more, comment below!!!
Trump's rise has temporarily eased the global situation!
This will help money confidently leave safe-haven assets like Gold to seek opportunities in riskier places like $BTC + Cryptocurrency!
True Republicans tend to strongly protect peace by always being ready for war!
Trump is not just a Republican but also a very unpredictable and tricky one:
- If necessary, Trump is ready to send F22, F35, B2 to Europe to deter both Russia and Houthi - while forcing Ukraine to back down and stop provoking Russia! The Ukraine-Russia War largely occurred because Ukraine listened to the Biden administration and NATO provoking Russia!
- North and South Korea are also cooling down the conflict (Kim has a very favorable view of Trump)
- The situation between China and Taiwan will also largely ease
---> The market will be very volatile in 2025 (mostly in a positive direction #MarketDownturn