⚠️ Golden Tips for Trading Bitcoin (BTC) and Cryptocurrencies:
1. Expect Volatility
> 🔄 Bitcoin is very volatile, it can move 5%-10% in a single day.
✅ Be mentally prepared and plan well for risk management.
2. Always Use Stop Loss
> 🔐 Do not enter any trade without a stop loss. The digital market operates 24/7 and the risks are high.
3. Don’t Trade Based on Trends Alone
> 🧠 Don’t enter the market just because "everyone is buying" or "there's a trend on Twitter".
Examine the chart, use technical analysis, and stay aware of liquidity.
4. Don’t Put All Your Money in One Trade
> 💸 Even if you are confident in a particular movement, don’t put all your capital into it.
Smart distribution reduces your potential losses.
5. Monitor Psychological Price Levels
> 📊 Such as $30,000 – $40,000 – $50,000. These levels attract attention and many trades.
6. Follow Market Indicators:
Fear & Greed Index
Trading Volume
Bitcoin Dominance
7. Understand the Market Cycle
> 😃 🤑 😐 😰 😭
The market goes through phases: Rise - Greed - Distribution - Decline - Panic. Identify where you are now.
8. Don’t Leave Your Coins on Trading Platforms
> 🔐 Use a cold wallet for storing large amounts, especially if you are an investor and not a day trader.
9. Learn Technical Analysis for Cryptocurrencies
> 📉 BTC follows technical patterns:
Support and Resistance
Trend Lines
RSI, MACD, etc.
10. Be Patient – Don’t Chase Quick Profits
