BOTTRADE77
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The triple bottom reversal pattern consists of three nearly identical lows and suggests a chance to go long. Prior to its formation, bears typically dominate the market, leading to a sustained downtrend.
The initial bottom doesn't signify any significant shift, but the subsequent two bottoms signal a reversal as buyers (bulls) potentially drive prices upward following a breakthrough of resistance levels.
The initial bottom doesn't signify any significant shift, but the subsequent two bottoms signal a reversal as buyers (bulls) potentially drive prices upward following a breakthrough of resistance levels.
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Take Profit Strategy.
Most people in crypto don't have a take profit strategy, only later after experiencing the bear market slam -90% start to think about what a take profit strategy should be.
This is my very simple take profit strategy.
For example, if you buy an alt coin, say ABC coin, buy 20 coins, then this ABC coin suddenly rises +50%.
Most people usually hold-hold-hold, when asked when to take profit, they are stunned and don't know the strategy.
In the hold-hold-hold tar the turn was slammed - 90% of the bear market just sold, this is what I feel in the 2022 bear market, floating profit is just an illusion before taking profit.
That's why now I use a very simple method.
Suppose you have 20 ABC coins.
When he has risen +50%, sell 1 coin first so he has 19 coins left, so if he continues to rise there will still be 19 coins left.
If he goes up again to +75% sell another 1 or 2 coins so you have 17 coins left.
This is repeated over and over as it goes up, it is sold little by little.
The problem is that we can't be 100% correct and always guess the direction of the market.
Unless from the start you were determined to hold this coin forever, for example if you want to hold#Bitcoinforever, whether it goes up or down is up to you.
Like I'm determined to keep holding#BNBand want BNB to go up and down, I don't care about the graph.
But for other coins whose initial purpose is for trading, i.e. if they have gone up, you want to sell them, then the best way is to use the method above.
Every time it goes up to plus a certain percentage it sells a little, it goes up again it sells a little, it goes up again it sells a little.
Then you also have to know the final ending, what do you want to do with profit?
For example, profits are collected to buy more Bitcoin.
Or like me, profits are collected to increase USDT capital so that when there is a bear market, Ethereum installment trading capital will increase.
The point is, just think about it carefully.
Most people in crypto don't have a take profit strategy, only later after experiencing the bear market slam -90% start to think about what a take profit strategy should be.
This is my very simple take profit strategy.
For example, if you buy an alt coin, say ABC coin, buy 20 coins, then this ABC coin suddenly rises +50%.
Most people usually hold-hold-hold, when asked when to take profit, they are stunned and don't know the strategy.
In the hold-hold-hold tar the turn was slammed - 90% of the bear market just sold, this is what I feel in the 2022 bear market, floating profit is just an illusion before taking profit.
That's why now I use a very simple method.
Suppose you have 20 ABC coins.
When he has risen +50%, sell 1 coin first so he has 19 coins left, so if he continues to rise there will still be 19 coins left.
If he goes up again to +75% sell another 1 or 2 coins so you have 17 coins left.
This is repeated over and over as it goes up, it is sold little by little.
The problem is that we can't be 100% correct and always guess the direction of the market.
Unless from the start you were determined to hold this coin forever, for example if you want to hold#Bitcoinforever, whether it goes up or down is up to you.
Like I'm determined to keep holding#BNBand want BNB to go up and down, I don't care about the graph.
But for other coins whose initial purpose is for trading, i.e. if they have gone up, you want to sell them, then the best way is to use the method above.
Every time it goes up to plus a certain percentage it sells a little, it goes up again it sells a little, it goes up again it sells a little.
Then you also have to know the final ending, what do you want to do with profit?
For example, profits are collected to buy more Bitcoin.
Or like me, profits are collected to increase USDT capital so that when there is a bear market, Ethereum installment trading capital will increase.
The point is, just think about it carefully.
Introducing @RenzoProtocol $REZ on #Binance #launchpool
Farm REZ by staking $BNB and $FDUSD
#Write2Earn
Farm REZ by staking $BNB and $FDUSD
#Write2Earn
BREAKING: CHINA TO BEGIN ACCEPTING $XRP FOR ALL PAYMENTS INT HE COUNTRY!
$BTC $ETH #Binance #Write2Earn #Web3 #MemeCoinsToTheMoon #DYORAlways
$BTC $ETH #Binance #Write2Earn #Web3 #MemeCoinsToTheMoon #DYORAlways
BREAKING: @CoinbaseIntExch will add support for Ethereum memecoin $PEPE (@pepecoineth) perpetual futures on 18 APR 2024.
Why Dogecoin is Money
The Cryptocurrency Phenomenon 2/2
How is Dogecoin Money ?💵
Dogecoin is money because it functions as a medium of exchange, a unit of account, and a store of value. These are the 3 key functions of money, and $DOGE E fulfills all of them. 🐕
1. As a medium of exchange, Dogecoin can be used to buy and sell goods and services. It is widely accepted by merchants and businesses, which means that it can be used to make purchases just like traditional money. 🍕
2. As a unit of account, Doge provides a common measure of the value of goods and services. This makes it easier to compare the prices of different goods and services. Helping to make informed decisions about what to buy & sell. 📲
3. As a store of value, Doge can be saved and used to make purchases in the future. This means that it can be used to save money and to make investments, just like traditional money. 💰
In conclusion, Dogecoin is money because it functions as a medium of exchange, a unit of account, and a store of value. It is a decentralized, peer-to-peer digital currency that enables users to send and receive payments over the internet without the need for a bank or other intermediary. It's fixed supply, divisibility, and widespread acceptance make it a viable alternative to traditional currencies. 🙏
The Cryptocurrency Phenomenon 2/2
How is Dogecoin Money ?💵
Dogecoin is money because it functions as a medium of exchange, a unit of account, and a store of value. These are the 3 key functions of money, and $DOGE E fulfills all of them. 🐕
1. As a medium of exchange, Dogecoin can be used to buy and sell goods and services. It is widely accepted by merchants and businesses, which means that it can be used to make purchases just like traditional money. 🍕
2. As a unit of account, Doge provides a common measure of the value of goods and services. This makes it easier to compare the prices of different goods and services. Helping to make informed decisions about what to buy & sell. 📲
3. As a store of value, Doge can be saved and used to make purchases in the future. This means that it can be used to save money and to make investments, just like traditional money. 💰
In conclusion, Dogecoin is money because it functions as a medium of exchange, a unit of account, and a store of value. It is a decentralized, peer-to-peer digital currency that enables users to send and receive payments over the internet without the need for a bank or other intermediary. It's fixed supply, divisibility, and widespread acceptance make it a viable alternative to traditional currencies. 🙏
#XRPCOIN XRP approved by Dubai’s Financial Services Authority. XRP’s approval will enable institutions located in the DIFC to use the cryptocurrency for global value transfers, Ripple said in press release!
Do you know what this means? They will use XRP as bridge currency and not because it's a "stablecoin", because they need liquidity to bridge "real stablecoins". Every country has a stablecoin. They still need liquidity and that's why XRP will reach a high price to provide liquidity!
finance.yahoo.com/news/xrp-appro….$XRP $BTC $BNB #Write2Earn
Do you know what this means? They will use XRP as bridge currency and not because it's a "stablecoin", because they need liquidity to bridge "real stablecoins". Every country has a stablecoin. They still need liquidity and that's why XRP will reach a high price to provide liquidity!
finance.yahoo.com/news/xrp-appro….$XRP $BTC $BNB #Write2Earn
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