🔴 1. Take your profit when you are satisfied . You will never know what the top of the bull run will be, so, don't wait until it's too late
🔴 2. Continue to be rational. Use your brain, not you sixth sense. The market is based on numbers, not on spells and rituals.
🔴 3. Relax, stay healthy and live your life. This is not the last bull run in the history of crypto.
🔴 4. Stop reading stupid posts claiming that a certain coin will do 10X and that coin will reach 1$....DO YOUR OWN RESEARCH and stick to your knowledge .
🔴 5. Focus on the assets you have, not the ones you don't have. Many coins can outperform your wallet but we don't want to get frustrated, let's enjoy our achievements
🔴 6. Don't constantly check graphs and numbers, you are going to waste your day and get stressed. Put your limit orders and relax
🔴 7. Always remember that BTC and ETH move first. Altcoins will follow.
🔴 8. After every bull run there is always a dump. So try to have some cash ready to invest in the next dump.
🔴 9. Don't panic and invest money during the bull run market because of FOMO.
I've been checking and studying all the data about the 10 top cryptocurrencies by volume and the results are very clear:
NOBODY CAN MAKE RELIABLE PRICE PREDICTIONS !!!!! 👎🏽👎🏽👎🏽👎🏽👎🏽👎🏽👎🏽
Stop believing in the hundreds of posts you read about predictions ....it's all guessing .
We all have learned in the last years that the crypto market is so volatile; a single news on the other corner of the planet can interfere with the price movements:
🔴 TERRAFORM LABS 🔴 WAR IN UKRAINE 🔴 FTX 🔴 WAR IN MIDDLE EAST 🔴BTC ETF 🔴FED INTEREST RATE
What else?
Nobody can predict what happens in the world so just Do Your Own Research #DYOR and keep studying .
I don't understand why so many so-called experts keep writing those posts about price prediction . They are just clickbaits and we all should stop paying attention to them!!!
Stick to your plan and use your brain.
And remember to be 🧘🏽♂️PATIENT🧘🏽♂️! After a #DUMP there will be a #PUMP and viceversa . That's how it goes.
Stay focused and don't waste time reading bullshit written by unknown swindlers.
I don't yet, but I'm getting there...because I know where it is.
It's very close to you as well....it's in your brain and it's called 🧘🏽♂️ PATIENCE 🧘🏽♂️!!!!!
🔴PATIENCE🔴 is what we need when we enter the crypto world. Most of the people lose all their money because they keep acting in a rush, moved by fear, excitement , sixth sense, panic, FOMO...etc etc....and the market punishes us. Always!
We need to stay focused and to have patience.
It sounds crazy but most of the newbies buy expensive and sell cheap...because of fear and greed.
We don't want to do that anymore. Let's keep calm and study what's going on.
If there is a dump ...soon or later there will be a pump! And viceversa.
And remember ....don't listen to all the so called expert saying that coin is going 10x soon or 100x in 6 months.
They know nothing....they just write because they have keyboard . Like many people talk just because they have a mouth.
BE PATIENT MY FRIENDS ....and you will succeed !!!
Candlestick charts on Binance are indispensable tools for understanding cryptocurrency price movements. Here's a concise guide:
🔴Candlestick Basics
Each candlestick represents price changes over a specific time period, such as one minute or one day.
They consist of:
-Body: Indicates opening and closing prices (green for gains, red for losses).
-Wicks: Upper and lower lines showing the highest and lowest prices.
🔴Interpreting Patterns
Candlestick patterns offer insights into market sentiment:
-Bullish Engulfing: Bullish reversal signal with a larger green candle engulfing a smaller red one.
-Bearish Engulfing: Bearish reversal indicated by a larger red candle engulfing a smaller green one.
-Doji: Indecision, occurring when opening and closing prices are nearly the same.
🔴Applying Candlesticks on Binance
Traders customize charts to match their strategies, choosing timeframes and indicators. Candlestick analysis aids decisions on buying, selling, or holding assets.
Understanding candlestick charts empowers traders to make informed decisions on Binance, navigating the dynamic cryptocurrency market with confidence.
LET'S SURF THE PUMP!!!! BUT DON'T BELIEVE IN ANY PRICE PREDICTION!
Put your hands in the air.... everybody ....let's dance the PUMP DANCE!!!!
Yes, we all are happy....finally the value of our investment is growing again. Some of us will make some profit, but the question is: at what price should I sell?
Well, I keep reading posts about Price Predictions of this and that coin, but the truth it's only one:
NOBODY KNOWS WHAT THE PRICE OF A CERTAIN COIN WILL BE TONIGHT OR TOMORROW OR NEXT WEEK OR NEXT MONTH.
That's why making money with crypto it's so hard.
We should do our research and be RATIONAL.
If you keep reading posts saying that for example $XRP will rise 5X in 2024, 10X in 2025 etc etc.... you may invest in XRP even if you didn't plan to.
Don't listen to that, it's just people guessing and probably hoping, because they are losing money on XRP....maybe they will be right, but most of similar posts are not based on any data or study.
Why, we normal people with few bucks, keep buying crypto coins we know nothing about?
Because we are normal people, with a job, a family, (hopefully) a decent social life and many chores and errands to do, 2so, in few words...we have NO SPARE TIME to study the crypto world!
And when we try a bit: layer 1, Blockchain, validator, ATH, EMA...whadddddafffff?????
Well, there is something very easy to do before investing our money...we can carefully read at least the 🤜🏽INFO🤛🏽 page that every Crypto ASSET has on Binance.
The basic infos we should care about are:
1. 💈MARKET CAP: it tells us the total value of a specific cryptocurrency (in US$) and can be calculated by multiplying the current price per token by the total number of coins in circulation. If it is very low, it may means that the project is not so popular and that it could be very volatile
2. 💈MAX SUPPLY: it refers to the maximum number of coins or tokens that will be ever created. This means that once the maximum supply is reached, there won't be any new coins mined, minted or produced in any other way. If there are thousand of billions of a certain coin, well, don't expect the value to rise so much (compare SHIBA INU max supply with BTC max supply)
3.💈ALL TIME HIGH: it's s the highest price a coin has reached in its history. Maybe if you want to invest in a coin, you don't want to buy it when it is very close to its ATH (or maybe yes if the value keeps growing,who knows,we know nothing!)
4. 💈ALL TIME LOW: it's the lowest price a coin has reached in its history. Maybe if you want to invest in a coin close to its ATL, you want to research why the price it's so low....maybe the project is dying and there is no interest on it (or maybe it's the perfect time for investing..lower than that it will never go,who knows,we know nothing)
5. 💈 INTRODUCTION : it gives a brief description of the project.
These are the basics. At least we can be aware of what we are buying !
HOW TO SELL AND BUY WHILE YOU ARE DREAMING (or even having a nightmare! 😬)
Most of us enter in the crypto world just because a friend told us to do so....but really we know nothing about it.
We invest 100$ in BTC, ETH or others Altcoins we've read about 5 minutes earlier and then , all of a sudden, we don't know what to do.
We expect the value to rise....of course...that's why we are on Binance....and when we see the green colour on the candle, we sell. Magic!!!! Our 100$ became 105$...and we go to sleep so happy.
Next morning, we wake up, and we notice that, if we were awaken at exactly 3.52 in the morning , our 100$ could have become 125$....if only.....and our new day starts with a bad mood.
Why is that? Because we know nothing about crypto and Binance. And we don't know that we can set LIMIT BUY or LIMIT SELL.
What does it mean? It means we can tell Binance to sell or to buy a certain amount of a certain coin at a FIX PRICE that we decide.
1. Select LIMIT instead of MARKET, 2. set the price you want to sell or buy and 3. put the amount you want to sell or buy.
And wait for the magic to happen!!! (hopefully )
Now you can go back to your dreams.....or nightmares !
If you are a good crypto trader (traditional trader is not enough ) and if you can stay awake 24 hours a day, 7 days a week, following the market. Well, keep trading.
If you are like me, with a normal job and few bucks in Binance.....well.....HODL!!!!!!
You can still make money just hodling but you must follow simple rules:
1. don't keep looking at the charts every 5 minutes. it's just a waste of time, we don't understand them
2. invest only money you are ready to lose so you can keep your neutrality towards the market
3. have always some stable coins ready to invest when there is a dump
4. use your brain, not your heart ! there will be dumps, there will be pumps
5. set a goal to reach, even a small one, like making 10% out of your capital. and when you reach it, be ready to cash out!
6. decide if you want to be a long term HODLER or a short term HODLER . If you decide for short term, put your coins in flexible staking . If you decide for long term, fixed staking.