A Cryptocurrency trader and investor since 2016. There are enough dollars for everyone to get rich (more are getting printed), so let's all get rich together.
soo unfortunately again I was a huge believer in LUNA and not fully understanding the technology I had invested a substantial amount into it, which as we all know has now gone to 0, believing in a lot and "the supercycle theory" I had made a small portfolio out of all my trading profits and left the same on binance since then I have been adding small amounts and experimenting with small coins on binanace.
To my surprise that portfolio is still down 44% and I am sure that's the case of most people who haven't been buying a lot since Nov 2021.
Fortunately, I was able to trade and make a lot more from the other markets to fuel my little Binanace portfolio. But I know that's not the same for everyone.
stay patient and get ready to see lower levels but I think there will be a proper rally in #ALTCOINS by May'24.
To be honest, everything is doubt ful considering the circumstances. as per the charts it has the potential to move into 3 different zones lower and this is obviously the historical data's. Always mentally prepare yourself to see those levels.
But unfortunately today something very weird happend a friend of my father who is around 65 yrs old called me asking about what is crypto and how can he buy in, the last time an old person called me asked the same was the top in 2021. I hope this isn't the top hahaha.
But I do believe that we will see a massive run probably till late 2025 considering we haven't seen the ALT coins move yet. I'll safely say we are in ALT Season once we see #TOTAL3 at 1.5T market cap.
Then again, $BTC is the backbone and patience is the only way my friend. keep investing in top altcoins that's your only wayout I like $SOL and $ETH and I expect a conservative 4x move in sol and 3x move in eth from these levels by the end of 2025 or before the next war.
Let us consider we are talking about Levergaed futures trading and not regular investing. Investing into a coin without any margin or any levergae is not the Trading we are talking about. For those trades your asolute loss is what you have invested.
Well, I personally have been trading futures since 2019 and the only way I could stop my capital decaying and actually make money was when I used stoplosses and when I tried to see the market for what it is rather than being emotionally attached with the shorts or longs.
First of all you need to have a rough understanding of the instrument your trading what the narrative behind that token is and specific reasons to why you think it has the potential to pump like crazy.
Let us be honest here, getting a 200% win and holding it to 500% is one of the biggest mental and psychological battles you will have to be ready to deal with at the same time you can't be sad about the fact once you sell the coin can go up much higher. You will also have to be cognizant of the fact that when the coin reaches certain levels there can be flash liquidations which might take off 100% of your profits in a blink of an eye.
Now, the only ways to survive are using 1.a.Stoplosses. b. Understanding the coin and its Utility. 2.Position management. 3.Mentally preparing yourself to be wrong. 4.Being patient in pullbacks. 5. Not revenge trading and taking higher risk positions to convert your existing losses. 6. Risk management. and most importantly, 7. Not getting Greedy.
Hope this post brings some value into your trading methology.
I think fundamentally people are finding Solana more user friendly and realitively cheap to transact on which is definely valid but I feel like the blue-chip stuff like the peak NFT's and are all in ETH itself. Ofcourse there are layer2 scaling sooution provider's like Optimism, Matic and Arbitrum which are a life saver but the Fees of Eth in itself is a lot harder and slower.
Ofcourse ETH being secure is amazing but I think its a volume game and there will be larger marketshare of transactions for Solana on a longer time framescale, I am not saying solana will flip eth or anything ludicrous like that right now but over a period of time I can see solana solifying itself as a blue chip like BTC and ETH.
This cycle might be a good time a good time to look at buying solana ecosystem coins and we could most definely see coins going up 5x from here. Eth will undeniably move up as well because eth is ETH. Now we need to understand innovators and problem solvers become both become rich and in our case we have an innovator and a problem solver soo both will most likely move up if the market goes Up like we should be expecting.
Expecting a sideways market for sometime ? Nobody knows.
"There seems to be a lot of selling pressure" "looks like the rally is over" "owh no double top" 😅
This is what I've seen a few people say, but historically if you've seen something Tuesdsays haven't picturculary been to great for the bulls in this cycle.
If your concerns are that the leveraged longs are like at 100% return and you don't want to loose the gains, then bust thing to do is to book it.
I had recently hooked profits on my $INJ $GLMR and $ROSE positions because I was up 100% and wanted to renter at a better price with better risk management as I had gone with low leverage.
Look, nothing in the market moves vertically up. Everything needs a break to rest up to go crazy parabolic again. It's a natural part of the process. People get tired of buying and rest and then buy again when the have more money.
Patience, Price action and Risk management keep them close and its okay to take profits, if you have a target try to stick to that. To me a 100% on a trade is decent.
My view is that if we consolidate and take a break that would be fine, I would want to see it consolidate near the upper range and then see an upmove in the upcoming days. If you are in levered longs I think its worth the risk to hold for the breakout or re-enter in a tiny 5% correction which I will be doing.
If you had been following a couple of posts I had put up earlier over the last few days we've got some great longs which were completely priceaction based and very safe lowrisk trades were taken.
Soo as we can see the #TOTAL3 chart shows that we are approaching the previous high from approximately 10 days ago.
But this time we will need a clear break above the levels and I am sure there will be a slight consolidation but we need a decisive break in both BTC and ETH to make sure we are carrying our longs in the various altcoins we had traded.
Currently I have my longs open in $INJ $ROSE $GLMR $GLM which are relatively higher tisk plays with lower leverage soo that I can hold them for much longer if there is a very positive upward move.
I am currently moving my stoplosses up by 3-4% from the buy prices because below those prices my higher high and higher low structure might get invalidated. Also don't mistake volatility for structural failures. If there is a structural failure in 1Hr basis then it could be an issue. Until then We golden.
Take care and use appropriate risk management. Enjoy the market.
As per my previous posts if you had followed up with my #TOTAL3 charts and taken the trades you would have been able to catch a slight bottom and most prices are up from 5-10%
$SOL $BEAMX has pumped the most and I have personally entered into leveraged longs in $ROSE $GLM $INJ and $GLMR targeting previous highs.
If everything works well we will be a few dollars richer hahaha..
Cheers to a great trade. And many more to come.
Do like and follow because I think ill be posting my wins and losses from here and comment if you have any questions as I think I could help a few on this platform with my limited learnings. Also you can check my previous posts for some valuable content and insights.
This is the Total3 chart and on 4 hr basis the altcoins are looking healthy after a steep correction. looks the its going to move up again and for the people who follow patterns there's a little inverse head and shoulder in there.
I'm just an independent trader and this is my opinion and investments and i could be wrong. By longer term analysis it would be comforting if the market consolidates for a month before it starts making the upside move again. similar patterns of movement has been seen in the 2019 and 2020 bull market and corrections and slowdowns are healthy.
If you want to see a few coins I'm interested or see analysis of a few charts you can check my profile but $ETH $INJ $SOL are my main preference to trade in these markets or buy and hold.
Have fun Trading and make sure yoy have stoplosses when your trading with leverage.
I dont know why but why do all these content creators in binace and everywhete keep spamming you guys with potential 100x gains. Its deeply saddening.
The only way you can make those kind of returns is if you invest in smaller cap ALT coins which have great tokenomics. The is all considering the fact you have done your research and eventually invest in coins you like which ticks all the right boxes.
And you can't be making huge amounts of cash just like that maximum you'll be able to 10x or 20x that too with the current markets.
Look ill be honest with you be happy if you get a 5x, don't look at the previous returns and imagine you'll get the same, don't be greedy.
You need money to make money, and that's the cold hard truth.
I dont know if you haven't claimed these, if you haven't you can claim lil bits through my link. You'll get a few dollars I guess.
Claim the cryptobox if you haven't.
But for most of the bits of this, be ready and understand the risk your taking, if you put in 10k be ready to see it as 3.5k and that happens its the reality of crypto until it matures as a market.
Invest in safer coins, keep your capital and go home, If you wanna be a degen go ahead with $BEAMX $SUPER $INJ these are some coins I own. they are risky and I've just bought beam and super
Looks like the market is stabilising around the neckline on a 4hr basis, as per my analysis there are buyers at lower prices and any liquidation drive could get bought up.
There are bullish patterns which are higher lows forming up on the charts of $ETH $SOL and $RUNE right now and could be poised for an upside move with limited downside risk. (seen on 4hr chart)
There could also be investment plays like $LINK which can be purchased for longer term bull market as they have corrected decently and are at a buyable price for this market.
Always remeber friends, use leverage wisely. if your using 20X make sure that your atleast 2-2.5% near the lows. a larger dip than that can easily draw you out of the game and make sure to use ISOLATED when your on multiple trades such that one the loosing position doesn't effect the winning position. Risk management and position sizing is key. soo have fun trading and the best of luck to you all.
$ATOM is one coin that I have been watching aimce the past 2.5 years. Fundamentally it has a lot of value proposition and technically it is at a great price to go long considering the fact that crypto market continues.
Technically if your reading this I am sure your understand blockchain technology and want to gain out of appreciation of your capital.
I personally have around 6% of my portfolio in $ATOM and I am easily looking for the previous ATH by the end of this ALT Season.
Best of luck with investing and make sure you do your own due diligence before investing into crypto.$ATOM
the current risk you could have post this mini correction would be somewhere around 8% but you also stand to gain 25% in the short term.