Over the past few years, cryptocurrency has gained a lot of traction, with its decentralized and volatile nature it has exploded into the investment scene. It has delivered very high returns in the past and with the current bear market and steeply discounted prices, It has become the investment du jour. However, as with any investment, the key to success lies in making smart decisions. Let’s get into some smart money decisions that you can take now and secure your portfolio for the future, Get ready to go from HOLD to the Riches

1.Diversify your portfolio

You must have heard the famous saying that goes by

Don’t Put all your eggs into one basket. Similarly, don’t put all your money in one coin

Diversifying your investment is one of the most important keys to a thriving portfolio. There are many different narratives in the crypto space like Ethereum Ecosystem, Layer1, Layer2, Gaming, AI, Metaverse, and many many more. Pick at least 4–5 categories and start looking for good opportunities there.

2. Research, Learn all about your Investment

Crypto is no doubt one of the most volatile markets, and with its unclear regulations keeping informed investment is very important. So, before investing in any crypto proper research and due diligence is really important that includes going through project investors, team, token distributions, past partnerships, and roadmap to name a few.

Look at the past performance and understand the technical aspect of the crypto coin, learn how it reacts in bull and bear markets and what are the past year's returns. That will help you understand a lot about how it might perform in the future.

Stay up to date with the latest news and trends in the market, as it has a lot of impact on the performance.

3. Look at the big picture

When you have your research right, it sets a foundation for your portfolio that way you don’t have to look at the prices every minute. Successful investment strategies have their goals and objectives set and seeing the volatility every minute will distract you from that goal, As crypto is so a highly volatile market the smaller time frame is very hard to predict, it only makes sense that you should have your eyes on the long-term vision

Here is an example of Bitcoin, the largest and first cryptocurrency. The chart shows an 8 years price trend in a Weekly candle chart which shows how positive the price appreciation is, it is clearly in a forever bull market, though there are 2 bear markets in this time frame where the price dropped as much as 84%.

4. Know when to get in and when to get out

Intelligent investors are those who have mastered the art of investing by understanding the market they have clear strategies for risk management and market trends, and they have a disciplined approach which is the reason they make money and you are selling bottoms and buying tops.

FOMOing in the coin is not the answer it can make you money but not for long, it is not a sustainable way it is important to have a clear entry and exit strategy, and only take a trade when the price hits those zones not point chasing it.

5. Emotions are your enemy

The only difference between a profitable trader and a nonprofitable trader is how they control their emotions, analyzing charts is not that difficult in fact it is quite easy, emotions are the enemy that makes you take a bad trade, While trading always keeps your emotions in check. A trade taken based on your greed or fear will be your ticket to financial ruin. So, understand that market fluctuations are normal, The Markets Will Always Offer Another Chance. So, Keep calm and wait for the next opportunity

Conclusion

Inconclusion, investing in cryptocurrency can be a great way to potentially grow your wealth, but it’s important to do it right. By diversifying your portfolio, doing thorough research, keeping a long-term perspective, knowing when to get in and out, and controlling your emotions, you can increase your chances of success in this highly volatile market. Remember, investing in crypto is not a get-rich-quick scheme, but a long-term strategy. So, take your time, do your due diligence, and make smart decisions based on your goals and risk tolerance. With the right approach and mindset, you too can go from HOLD to riches.

#Binance #investing #investors #portfolio #hodl

In this blog post we will take a macro look at the market what has been happening and what is expected of it, I will also discuss some potential gem altcoins for this bear market

Disclaimer:  The information provided in this blog is for educational and informational purposes only. It should not be construed as financial or investment advice. Cryptocurrency markets are highly volatile and carry inherent risks. Readers are advised to conduct their own research and consult with a qualified professional before making any investment decisions. 

What's next for Bitcoin($BTC )?

Bitcoin has been in a macro downtrend for a long time, BTC made its all-time high of $69.5k on 8th Nov 2021 and has been in a constant downtrend for around 371 days i.e., 7th Nov 2022, and made a low of $15.5k, after the low BTC gave a pretty good bounce and tested the $30k resistance. So! What's next? Has Bitcoin bottomed or we can see another lower low? Let's Discuss it in detail.

Bitcoin Macro Analysis (Weekly chart)

In weekly BTC is forming a rising wedge kind of channel, main resistance for Bitcoin is the 100EMA, Bitcoin has not been able to break resistance and form support over it, in order to be bullish, A break above the 100EMA and the upper trendline channel would mean a possible bull market rally.

In my opinion, the market is still bearish, I am looking for a spike that will liquidate all shorts and turn people bullish, after that I'll look for shorts entries. Currently, A good level to is the $31k-$32k zone(possibly a wick above 32.5k or maybe 33k), I enter shorts with SL above the wicks.

Bitcoin Daily Analysis(1D)

Bitcoin 1 Day seems to be bullish(short term) and going to possibly test the upper resistance levels of $31.5- $32k, if you are looking to enter a trade longs might be a good bet. I will discuss possible entries in shorter time frames for longs and shorts. Bitcoin formed support on the 100 EMA which is a very strong zone to enter. If BTC retraces we can see it forming support at the horizontal level which matches with the 100EMA support too. In a bullish case, it can break the $28,000 and form support possibly rallying to 30k to test weekly resistance, in another case which is bearish, we might see it testing the 100EMA again. Daily is quite bullish, looking for longs might be a more profitable trade.

Bitcoin 4H Analysis

Like the Daily, the 4-Hour chart of BTC seems equally bullish, a perfect test of the support and rally!

The key resistance is around $29,600ish a break above could be very bullish for bitcoin, meanwhile, the support levels are $26,700 and $26,000. If you are looking to trade BTC here are the zones

The green zone is the safe zone for long, if you are impatient and want to trade, look for longs at 200EMA, with tight stop losses.

These are the safest trades I would take, longing for any other zones seems risky to me, I will either wait for a break of the resistance to open long of DCA or the green zone for longs. If you want to short, a good zone is $29,690

It might look like this, You can set up your shorts like this

The green zones are very high potential long trades you can long these zones, and for short see the zones in the chart shared earlier, other than that 30k and 32k are the main level I will look for to short.

In Conclusion, BTC seems to be in short-term bullish momentum, confirmation is when it breaks and forms support over $32k, if BTC is rejected at any point the possible support areas are $26,000 and $24,000.

Altcoins

With the Bitcoin bounce, many alts rallied over 100% here are some alts I am looking at.

CTSI

CTSI rallied over 200% profiting longs, It is very volatile currently which is traders' heaven, I bounced from the zone, I discussed earlier, and is currently up 20% from the entry. I am looking to short it, good zones to short CTSI are 0.618 and 0.5 fib level which is $0.21 and $0.2398. Remember this is very volatile keep stop loss tight and use low leverage, It is currently bullish but no point longing now, don't chase trade wait for it, wait for a bearish reversal in 1H and 4H and short is with stop loss take the chart as a reference.

PUSH

PUSH rallied 175% in the support zone mentioned in the chart, if the price retraces back to the green area it would be a gem of a buy opportunity to get in. Push Protocol is a very fundamentally strong cryptocurrency, with a huge community and a great market reputation. The project is constantly expanding and collaborating with different projects. The support zone is $0.25-$0.21, I will DCA this zone in spot and hold it throughout the bear market.

MATIC

Another famous and everyone's favorite crypto is MATIC. The daily trendline of $MATIC was too bullish and as expected it broke the trendline and has turned beaish

MATIC tested the trendline and got rejected and again entered the sideways trading range of $0.94 - $0.75 this is a great range to trade, shorting and longing the levels, it is currently getting rejected at the $0.94 resistance, if it keeps getting rejected it is likely that we test the $0.75 zone where we can expect a relief bounce.

#trading #tradingStrategy #signal #bitcoin #matic