A Crypto Educator, Trader, Copywriter and Blog Content Creator. I've helped over 1400 Beginners get started the right way in the Crypto/Web3 industry. Follow me
When I started Crypto, I was naive.. Just like every Beginner would be. It was during the bull 🐂 run.
Everything was rozy! And guess what! Money was flowing everywhere!😁 If I put $10 in any coin, it would turn $100+!
In fact, I put $50 in some Solana projects… It turned out to be almost $2000. But… Nobody told me what was going on!
I didn't know there was something called… The BULL ⬆️ and the BEAR ⬇️ season.
We were just making money & enjoying life! All of a sudden, the bear market came. We thought it was going to be for a while but, NO! Everything was going down! The more we thought it would come up, the more it dipped!
And the bottom became the top! Because.. The dip was getting deeper & deeper fren!
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Here's the lesson I would tell my new self: ✔️ Make money in Crypto and pull it out. ✔️ Invest the profits in PHYSICAL assets ✔️ Buy lands, buy houses & open more real businesses ✔️ Spend that money and enjoy your life. ✔️ ️Do more of Charity and help others.
It is not yet your profits until you have taken it out and turn it into physical assets or use it for a good cause. - Mike Akerele
What I won't do as a Crypto Beginner: ❎ I won't listen to Influencers that Shill projects! ❎ I won't invest more than I can afford to lose ❎ I won't trade without using STOP LOSS! ❎ I will stick to SPOT trading as a beginner ❎ I won't do FUTURES Contracts till I master Spot Trading.
BONUS: ✔️ I will seek the mentorship of a Crypto expert who has been in the industry for a while and can guide me into it.
❎ I won't go ahead to begin taking trades with my real money when I can do paper trading and trade with testing money which is not my real money.
Paper trading means you trading without your real money but with the same market simulation and features.
Which of these lessons would you not forget when you're starting your Crypto journey?
Or which other lessons can you add? Leave it for me in the comment for others to also learn from you.
Mentorship is the only easy path that can help save you from losing money as you learn from the guide & experiences of a Crypto mentor as a beginner - Get it. - Mike Akerele
PS: We're still in the bear season, and this gives you an opportunity to discover how Crypto is done and accumulate more Cryptos now so you can turn into Multi- Millionaires during the Bull season coming up ahead.
PPS: Like & Share this post so it can help others. 𝑭𝒊𝒓𝒔𝒕 𝒕𝒊𝒎𝒆 𝒔𝒆𝒆𝒊𝒏𝒈 𝒎𝒚 𝒄𝒐𝒏𝒕𝒆𝒏𝒕? 𝑻𝒉𝒆𝒏 𝑭𝑶𝑳𝑳𝑶𝑾 𝒎𝒆
$CAKE looks good for a good buy here if BTC allows the run to happen since Bitcoin dominance is still strong at the moment...
All other alts' moves depend on BTC for now. That's why Bitcoin is still leading the way But...
CAKE shows a good strength as there is a clear EMA cross over on the Daily TF even though there is a strong resistance above it but...
That can be broken with some good buy volume from whales when CAKE is spotted by them.
I put this out for you on time so you can DYOR before it's discovered by whales and get pumped!
Just hope that BTC ranges a bit or keeps making new highs (which chances are a bit low since its move is still uncertain whether it's for a retest to dump around 105k region or to break the old ATH).
Notwithstanding, this is for educational purpose. Just sharing my opinions for fun!
This should not be considered as an investment advice, ensure you DYOR before you make a buy or sell decision.
To me, $CAKE is a good asset to flip if you can keep an eye on it and watch closely to know when the strong resistance above it gets broken and...
I can guess that, some aggressive traders might enter from here since it looks good even from here!
What do you think about CAKE as a swing trade from here as seen on this charts?
Every time I do Bitcoin analysis, I always see the same pattern repeat all over again.
Nothing changed but only the news from manipulators.
A market is only a reflection of the traders and investors' sentiment and psychology.
If this trendline support is reclaimed, it's possible for price to rally back up into creating a triple tops and then sell it down to the Long/buy setup on the green line.
If the trendline doesn't finally hold, then a sell off into the buy setup is possible before price goes up.
If you're trading, you should be learning everyday.
Making profits from the market is simple but...
We overlook the simple mistakes we make and then we make it again and again. But...
We become profitable correcting those errors and then having patience to enter and leave the market at the right time.
What's your trading experience like?
PS: $TIA is at it, about to fly but presently doing a good retest on D1 after finishing retest on W1 TF.
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Influencer Will Tell You Sh*t But Here's The Real Formation!
Understanding the market is not hard if…
If you can read the charts and trade what you see instead of what you think!
Most good traders at times follow their minds
instead of following what they see in the market and here's an example of this if…
we are to trade this market as an investor.
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Follow me @Mike Akerele to stay up-to-date on my content as well and not miss out. Let's continue....
Note: Profits target is expected to be between:
7 Days - 3 Months Using this Daily (D1) Timeframe
Here's my observation on the current Bitcoin Market (BTC/USDT)
As seen on both charts attached to this post.
This is a Daily (D1) Charts of BTC/USDT
You can see that we're still ranging between the HIGH of 72k and LOW of 48k.
What does this tell you?
This is a range market but more than that,
is another important action going on in this market:
Looking at the channel on this chart (the 2 yellow lines that formed the Lower Lows and Lower Highs of this market)
The channel shows how Bitcoin has continued to nose-dive from the High around 72k till the present price.
Now, this is how you should trade this market either as an Investor or a Swing Trader.
The Vertical Blue Line represents the Market Weekly Opens for the Crypto Market and the opening price is $57,493.30. But...
We have 2 POSSIBILITIES here:
1. Anything can happen to the Crypto market either one news come up or…
whales coming into the game and they pump the market to BREAKOUT of this
channel through the yellow trendline above.
And...
What that happens, no prophet should tell you what next before you understand the next move.
If this scenario happens, this is what you should do:
Watch the market breakout, but… DON'T try to catch it! It's dangerous!
Allow it come back to the same level it broke out around the yellow trendline on
the top and find your entry around there. (there's a strategy to enter the market here using candlestick patterns and volume)
That is the first way to trade this market.
Now, to the second possibility...
2. If we don't break out of this channel upward, then it means...
We are definitely still going down to this main SUPPORT around $48k+ (the blue horizontal line)
You should find your entry around this price if Bitcoin keeps going down and there is no breakout of this channel as explained above.
By finding your entry here, you will be more profitable than anyone in the market when the price of Bitcoin rises to the previous All Time High (ATH) or it when it creates a new High.
My Advice: discover Crypto and learn how to read the charts yourself.
Stop following Influencer's advice as they will tell you to buy when the market is going down and sell when the market is going up!
It's not their fault because they really don't understand how the system works and you shouldn't be that easily misled, be better!
I hope this little explanation helps, if it does, let me know in the comment.
Wanna say thank you? I accept Bitcoin or any other coins too!
Have any questions? Drop it for me in the comment or send a DM.
Repost this article to get to other anon who is about to put his life savings in Crypto without understanding the market structure.
Someone on your list might like to read this kind of content, share it with them.
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NOTE: this is for Educational purpose NOT a financial advice, you take sole responsi- bility for your trading & Investing decisions. Ensure you Do Your Own Research (DYOR)
PS: it's either you buy on retest after a breakout of the channel or wait for BTC to dump to around 48k. The choice is yours. JUST WAIT for any of it to happen before you make your move. #AwesomeMike #Bitcoin #TradingMadeEasy #Market_Update
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Some common types include Decentralized Finance (called DeFi) apps that are used for lending, borrowing, and trading cryptocurrencies.
You can literally borrow/lend money on these DApps (Decentralized Applications) like you used to do in your local/traditional banks and even do more.
Examples of these are Jupiter Exchange on the Solana Blockchain, Pancakeswap on the Binance Chain and Uniswap on the Ethereum chain etc.
Another Web3 Application is the Decentralized Autonomous organizations (DAOs) for community governance.
This is majorly used to get general views or votes of a community of people supporting a web3 project. But…
Those participants must be HODLing the native token of that project to be able to participate in the voting process. And…
For participating in that DAO, you stand a chance to be rewarded by the project as well most times.
We also have other Web3 Apps like Decentralized social media platforms where you interact with other users and get rewarded in either the project token or others who partner with the social apps.
Examples of these web3 Social Apps include Phaver app, DSCVR, Farcaster, Orbs and more that reward their users for using their platforms.
These web3 social apps are exactly the same way you use your Web2 traditional apps like Twitter, LinkedIn or Facebook. But…
The main difference here is that, on Web3, you have:
- Total Control on your data - Self Privacy - Ability to own your content & monetize it. - And lots more...
Have any questions? Leave it in the comment section. I reply to all comments.
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How can you pump the market when the retest has not been completed and expect a full moon after break.
I was in the market yesterday, noticed there was no proper retest & a reason there was no volume after the breakout.
When people say Bitcoin or Crypto is volatile, what they should have said is; Bitcoin Traders are impatient to do a proper retest before pumping or shorting since Bitcoin controls almost the whole Crypto market.
If you experienced a dump today as seen in the market, don't be surprised because the market is yet to do a proper retest.
Hopefully it will on this ongoing dump and we can go for the full ride up 📈
Happy Trading fams.
Follow me @Mike Akerele for more trading signals and updates.
Like & share this if you find it informative.
PS: the yellow box on this chart is a good entey for some Bitcoin scalping entries and ensure you DYOR. This content is for educational purposes NOT a financial advice.
What's your view on this topic? Drop it in the comment section, I reply all comments.
I know Crypto is hard during these times but don't make it hard for yourself.
This is the time for you to buy if you still have Tether left.
The general market is on a discount for you. A month or two from now, you might not have this discount opportunity again.
So, buy now while you can. But...
DON'T GO ALL IN. Buy in stages, I mean use dollar cost averaging (DCA) method.
If you have $100, buy with $50 first, then $30, $20, $10 as the market goes down more.
Do the same if you have $500 or more... I hope you guys understood my point? Because...
The bull run is around the corner, don't be swept away by what you see in the market for now.
If you cannot withstand your portfolio gown down, freeze your wallet and go do other things and come back to it later next week or next month!
If you still can't withstand that, then probably Crypto is not for you but...
I know you can handle this, don't chicken out friend because...
You're almost at the verge of breaking through.
Just my cent of advice.
Let me know if this helps you. Gm fams.
PS: I made a lot of money in #Solana chain in the last bull run, much more will be made in the coming one. Keep your eye out on that ecosystem and don't fade.
PPS: This week is the last week for the #Satoshi Protocol campaign in partnership with Binance.
If you need me to send you the full details of the #Airdrops guide, just comment the word "SHOW ME" in the comment below and it will be sent to you. Don't fade it, it will be very BIG.
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Thanks for reading.
Follow me @Mike Akerele so you don't miss some trading signals and other #Airdrop content I create.
I will be walking you into the world of Crypto/Web3 Space hand in hand and showing you how you can also make money with what you do as a part time.
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So, get ready for this exciting journey ahead. But…
Be sure to SUBSCRIBE to my monthly NEWSLETTERS where all the secrets will be revealed and invite your friends to SUBSCRIBE so they don't miss out!
Let's start off with the brief history of Web3 next…
Bitcoin was introduced by a mysterious figure called Satoshi Nakamoto! That name is a fictitious name or let me say an undercover name used by the person or group of persons who created Bitcoin.
Below is the quick summary of what we know about him/them:
- In 2008, Satoshi released a paper called Bitcoin: (A Peer-to-Peer Electronic Cash System) It outlined how Bitcoin would work.
- Satoshi stayed involved with Bitcoin for a few years. Making changes & talking to other developers, but… He eventually stopped communicating with the Bitcoin community in 2011.
- Satoshi's identity is still unknown. Some people have claimed to be Satoshi, but there's no proof backing it up!
That would be a wrap on the short history of Bitcoin and who introduced it. And…
Tomorrow, we will look at what exactly Crypto/Web3 is all about.
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