Trading cryptocurrencies actively without preparation or progressive evolution can end up like this.
Honestly, trading is very similar to going to a casino and playing roulette; you win a lot quickly but lose it just as fast due to greed.
The difference between trading and the casino is that in trading you can shift the odds from 50/50 in games of chance to a positive percentage for you of 30/70 or 20/80. The mistakes and losses will always be there, but the key is to have a solid strategy and control our emotions.
If you want more comments on the philosophy of investing in crypto, give a ❤️.
It is important to know when to cut losses and when to average. People who bought $BIO at $0.80 driven by FOMO should have known to exit and could have taken advantage of the 50% discount it had...
People giving trading tips opening trades with 1$ and showing 750% profitability saying they are good traders and that they provide signals in exchange for money 💰.
HAHAHA #BinanceSquare what a crazy social network.
We close the week with BTC recovering a large part of the drop and positioning itself above 94k USD, after an attempt to break the resistance at 95.5k. The POC, which was previously at that level, now lies at the support of 94.3k, indicating a significant increase in volume in that area, possibly dominated by buyers.
It is important to note how the selling volume has decreased and the RSI shows a clear divergence, confirming the exhaustion of the bearish pressure. BTC could consolidate between these levels over the weekend. • Key scenarios: • If it loses and tests 94.3k, we could look for a short. • If it exceeds and tests 95.5k, we could look for a long.
We close the week with BTC recovering a large part of the drop and positioning itself above 94k USD, after an attempt to break the resistance at 95.5k. The POC, which was previously at that level, is now at the support of 94.3k, indicating a significant increase in volume in that area, possibly dominated by buyers.
It is important to note how sales volume has decreased and the RSI shows a clear divergence, confirming the exhaustion of bearish pressure. BTC could consolidate between these levels over the weekend. • Key scenarios: • If it loses and tests 94.3k, we could look for a short. • If it surpasses and tests 95.5k, we could look for a long.
I think the average Binance Square user has a low level of knowledge in crypto and it is normal, so that you do not run away from the sector scared for losing your first $$$ .
I am going to start analyzing messages, portfolios and explaining concepts from my point of view.
I have been in the sector for more than 6 years and I have managed those of 5M$.