***Tips for beginners who haven't mastered more technical analysis yet***
I believe that almost everyone knows that you can make money by buying low and selling high, but the question for beginners is: when is the low? When is the best time to enter?
Because I didn't really understand this, I sometimes ended up screwing myself over, because I believed that the best time to buy would be when everything was red and falling, so, with everything red, I would wait a few hours, look at the chart comparing it to previous days of highs and think: ok, here I go because it's already much lower than it was a few days ago. And what happened? After I bought, prices kept falling for another two or three days, to my despair lol
So here's a good tip, a good time to buy is not when everything is red, but when everything is green!!! Calm down, I'll explain: when everything is green, not for days and on the rise, but at the moment when it turns green after days in the red and falling! The color change after days in the red is a sign that the market has changed direction and is going to start rising. But be patient, it doesn't turn green the first time, because sometimes it's a false alarm and it goes back to red again! (Always remember, whales can manipulate prices to trick you, so you have to play their game!)
In short, did everything change from red to green? Calm down, breathe and hold on! If the green persists for longer, get in!
*I used basic color terms because this is for beginners, if you already have mastery of technical analysis, just ignore it and move on to the next post 👍🏼