TRADE BTC OR ALTCOINS BY ANALYSIS BTCDOM AND TAKE BIG PROFIT🔥🔥🔥
Today I will share when you can buy or sell BTC and when you can buy or sell Altcoins by analysis BTCDOM chart to make huge profit. You will find BTCDOM trading chart in #Binance Futures.
● BTCDOM or #BTC Dominance chart indicates that peoples are interested to buy BTC or Altcoins. When BTCDOM chart candle Up, it's indicates peoples are buying BTC and selling Altcoins. When Down, it's indicates peoples are selling BTC and buying Altcoins.
● You need to draw support and resistance line on BTCDOM chart to trade BTC or Altcoins and it is very important. Otherwise, you can't trade properly (see attached image for more clear).
● As per attached chart, you will see BTCDOM 1D candle dropped from the support zone today and that's why all Altcoins are start pumping. In this stage, you can hold your Altcoins until BTCDOM touch the next support zone.
● When BTCDOM touch the next support zone and start pumping, you can sell your Altcoins and take profit. Now wait 1/2 days for observation the BTCDOM chart and if you see peoples are started buying BTC, so you can also buy BTC. Make sure you will sell your BTC and take profit if BTCDOM started dumpling. No need to take any risk.
● Remind! I suggest you to don't trade on BTCDOM and avoid Futures trade if you are new trader in crypto market. Otherwise, you make loss from maximum Futures trade as crypto market are volatile and try to liquided stop loss.
NOTE: I'm not a professional trading expert and financial advisor. I just share above strategies based on my opinion and experience in the crypto trading market.
HOW TO AVOID FAKE BREAKOUT TRADING!!! TRADE ON REAL BREAKOUT✅️
Today I will share some strategies to findout the Fake / False breakout trading to avoid big loss of money and trade on real breakout in #Binance trading platform. Please note, I'm not a professional trading expert. I just share some strategies based on my opinion and experience in the crypto trading market. So let's start...
● As we know, cryptocurrency will trading in blockchain method and when a candle successfully break the resistance line we called Breakout. This is the real time to trade on these coins and take huge profit.
● Sometimes we see that some coins are breakout the resistance line but after liquided stop loss they are going to down very hardly. In that case, if we take entry on these coins we make huge loss for this fake breakout.
● To avoid false breakout, before take entry on any coins we need to wait and observe at least 2 days. If you see that 1 day candle closed over the resistance line and successfully retest next candle again over resistance line this is the real breakout (as shown attached image). Now you can take entry on these coins and hope you will take big profit until hit the next resistance line.
● If you see that 1 day candle closed over the resistance line but next candle closed inside resistance line this is fake / false breakout (as shown attached image). Don't take entry on these coins otherwise you will loss a huge amount or you need to wait a long time to take profit by DCA.
NOTE: To findout real and fake breakout, you must have enough knowledge to draw support and resistance line on the #BTC trading chart.
Hope above points are helpful for everyone to understand the real and fake breakout strategies.
Today I will share some tricks about trading on #Binance without any loss only profit in every trade. Please note, I will share these tricks based on my opinion and experience in the crypto trading market. So let's start...
● Don't trade in Futures as a new trader. Only trade Spot on Binance platform. In that case, you will get small profit than futures but your funds keep safe and don't liquided or zero.
● If you have enough money in your wallet i.e. more than $1,000 USDT, you can trade in Bitcoin (BTC) and Ethereum (ETH). Otherwise, I suggest you to avoid trade on BTC and ETH.
● Always analyze #BTC before buy any cryptos. If you found BTC chart trending as Sideway or Stable, you can buy some Altcoins based on Binance 24 hours volume list.
● When you buy, select at least top 10-15 Altcoins from 24 hours high volume list and buy 5-7 coins as per your analysis. Try to select coins which are going to retesting before next bullish. Remind again! BTC chart will be stable.
● Now you need to buy coins by using 1% from your total funds and it is very important. For example: if you have $1,000 in your wallet, you can buy 7 coins by using $10 per coins (buy 7 coins = $70).
● After buy, you need to wait 1 day candle close for observation. After 1 day, if you see BTC price has dropped than previous day your buy coins price are also dropped significantly.
● Normally if BTC price dropped, Altcoins price will also dropped hardly than BTC price. But questions is this, from your buy 7 coins some are not dropped hardly and these coins will pump hardly in the next BTC bullrun. So, you can invest more amount in these coins part by part as DCA.
● In this time, from your buy 7 coins those are dropped hardly with BTC price no need to invest now. Wait and when BTC started bullrun, you can invest double amount ($20) in those coins as DCA. So you can easily take profit from all buy coins.
NOTE: Not buy coins by using your 100% funds. Use 50-70% funds for trading.
Besides above trade options, there is another way to trade on Binance with Zero fees i.e. Convet Trading. Convert any Cryptos on Binance with zero trading fees. You can Buy or Sell Crypto coins / tokens through Binance Convert with following methods:
● Convert with Market Price: Convert any cryptos at current Market price instantly. This is almost same as like you Sell cryptos in Spot trade option with current market price.
● Convery with Limit Price: Convert any cryptos at your target price. When price will reach your target price, it will Buy or Sell automatically. This is almost same as like you Sell cryptos in Spot trade with limit option.