Cryptohelper
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***Tips for beginners who have not yet mastered technical analysis***
Here, money is made by buying low and selling high; I think almost everyone knows that. But the question for those starting out is: when is the bottom? When is the best time to enter?
Since I didn't fully understand this, I sometimes ended up getting lost because I thought the best time to buy would be when everything was red and going down. So, with everything in red, I waited a few hours, looked at the chart, comparing it with previous days of highs, and thought: that's it, I’ll enter here because it’s much lower than a few days ago. And what happened? After I bought, prices continued to drop for another two or three days, much to my dismay haha.
So here’s a good tip: a good time to buy is not when everything is red but when everything is green! Calm down, let me explain: when everything is green, not for days and on the rise, but at the moment it turns green after days of red and declining! The change in color after days of red is a sign that the market has changed direction and will start to rise. But be patient; it’s not the very first moment it turns green, as sometimes it’s a false alarm and it turns red again! (Always remember that whales can manipulate prices to deceive you, so you have to play their game!)
In short, has everything changed from red to green? Calm down, breathe, and ride the wave! If the green persists for a longer time, go in!
*I used basic color terms because this is for beginners; if you already know technical analysis, just ignore it and move on to the next post 👍🏼
Here, money is made by buying low and selling high; I think almost everyone knows that. But the question for those starting out is: when is the bottom? When is the best time to enter?
Since I didn't fully understand this, I sometimes ended up getting lost because I thought the best time to buy would be when everything was red and going down. So, with everything in red, I waited a few hours, looked at the chart, comparing it with previous days of highs, and thought: that's it, I’ll enter here because it’s much lower than a few days ago. And what happened? After I bought, prices continued to drop for another two or three days, much to my dismay haha.
So here’s a good tip: a good time to buy is not when everything is red but when everything is green! Calm down, let me explain: when everything is green, not for days and on the rise, but at the moment it turns green after days of red and declining! The change in color after days of red is a sign that the market has changed direction and will start to rise. But be patient; it’s not the very first moment it turns green, as sometimes it’s a false alarm and it turns red again! (Always remember that whales can manipulate prices to deceive you, so you have to play their game!)
In short, has everything changed from red to green? Calm down, breathe, and ride the wave! If the green persists for a longer time, go in!
*I used basic color terms because this is for beginners; if you already know technical analysis, just ignore it and move on to the next post 👍🏼
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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