There are a few simple ways in which you can understand and analyze the crypto market very easily.
1. Control your emotions:
In this case, most of the beginners and even experienced traders also make mistakes. They cannot accept their loss; they tried hard on the same day to recover their loss, but in the end, they again made a huge loss or even sometimes totally liquidated. So the better thing is to accept the loss and control your mind to move on the next day and do a fresh start.
2. Trade with proper plan:
1.MACD is one of the common techniques used for trading for many of the traders. Here I'll explain MACD in a simple way; just look at the picture below.
2.The middle line acts as a neutral line, which is called a zero line, so a bullish trend formed above the zero line, and a bearish trend formed below the zero line.
3.so whenever the yellow line Cross the red line below the zero line; the market will go up. That is a time to enter a buy order.
4. so whenever the yellow line Cross the red line above the zero line; the market will go up. That is a time to enter a sell order.
5. In the second picture, you will clearly understand this method. Set the MACD length at 200 and the time frame at 15 minutes. Focus on the market trend first, then identify the support and resistance zone, and then enter the market in the proper way as mentioned above.#Wtite2Earn #BinanceAcademy $LINK
