We all lost in the first deal, but not all of us stopped. Experience is valuable, and those who learn from it are the true winners. Don't enter a deal just because your friend did; he is experimenting while you are putting your money at stake. The market is not a place for copying; understand before you imitate.
Every time you see a green candle and you go in saying catching the opportunity know that you are booking a ticket for the train of losses. Money does not like randomness; it grows with those who plan well and are patient. – Accurate management surpasses luck by far.
Good morning, your calm is like the calm of the market today. Bitcoin is standing still, and Ethereum hasn't changed much, as if both are waiting for something to move them. Even the alternative currencies lack excitement, as if everyone has agreed to be cautious. The situation is cautious, and trading is less than usual. As for me, I'm not comfortable with this silence. What do you all think, is it calm before the storm or the beginning of a recession?
A slight correction in Bitcoin: Why all the excitement and impatience? Do you expect the market to keep rising constantly? If that's what you're saying, I would like to tell you that you are still beginners. The market cannot continue to rise indefinitely; corrections must happen from time to time. These corrections are normal and healthy for the market to continue its strong upward trend. Those who cannot handle corrections will never succeed in this field. Patience, then patience, is what will allow you to earn and achieve respectable profits. Always remember that the market teaches you before it profits you. Be patient with your goal and wait for the right opportunity.
The best scenario currently for traders is that Bitcoin rises to 120,000, then experiences a slight decline, and afterwards Bitcoin's dominance decreases Alternative currencies gradually rise
This scenario is currently the closest to reality, but it may take some time to materialize$ETH
As long as you are a fast trader and you have profits, get out and look for something else. Don't prefer to be stuck in a currency that goes up and down while you are originally in it for trading.
However, I see some people set their final target for the recommendation while the currency is rising in front of them and has achieved, for example, three targets, then it corrects, and they are waiting for the final target.
After it corrects and goes down, the person sells and exits with a loss.
My dear brother, there is something called OCO. You can raise the stop after every target achieved so you don't lose your profits.
As for investors, they have a completely different job.
The market does not move in a straight upward direction all the time, even during the peak of a bull run.
There must be
Profit-taking for people who entered trading, we call them short-term traders, who bought from around 74000, for example.
Or a retest of support areas or the moving average, meaning we might see a test of the area from 88000 to 89000 while still being in an upward trend.
Or this correction is to shake out the weak hands, who we will find with us all the time, afraid of any tremor in the market.
The goal of the correction is to restore balance before continuing the upward trend, and as long as the price is above the shaded area in the chart 👆 and the white line, which is the 200-day moving average, then things are good and we are still in an upward direction.
I've learned some things over time and I would like to share them with anyone planning to enter the world of trading, it might help someone.
1. Don't enter the market with money you need. There are opportunities in trading, but there are risks, so don't gamble with something you can't afford to lose.
2. Make a plan and stick to it. Know when to enter, when to exit, and how much you might lose. Don't let your decisions be random or based on a momentary feeling.
3. The market always provides opportunities, don't chase one that has passed. Many have lost because they rushed just to recover or catch up.
4. Capital management is what differentiates the amateur from the professional. It's not necessary to always win, but the important thing is to stay in the game.
5. Loss is part of the journey. I lost, and others have lost, and the difference is that some people learned from their losses and continued.
#MarketRebound A new day in green, we start it with optimism and positive movements in the market. We are waiting for Bitcoin to stay above the level of 91,000 to confirm the upward trend and the continuation of positive momentum. Staying above this level could open the door to higher levels in the coming days, especially with the gradual return of confidence to the market and the increase in liquidity little by little.
A new day in green, we start it with optimism and positive movements in the market. We are waiting for Bitcoin to hold above the 91000 level to confirm the upward trend and maintain positive momentum. Staying above this level could open the door to higher levels in the coming days, especially with the gradual return of confidence to the market and the increase in liquidity little by little.
Bitcoin's market dominance has reached 64%, which clearly affects the market; as dominance increases, liquidity from other currencies decreases, causing the entire market to move in tandem with Bitcoin, whether up or down. If dominance remains high, it may weaken the movement of alternative currencies in the coming period. $BTC $BNB $XRP
#SaylorBTCPurchase Guys, I know that the market is currently not in its best condition and we all feel the pressure. But what we need to understand is that this is the nature of the market; there are ups and downs. And during the downturn, it doesn't mean you've failed; on the contrary, the people who are patient and learn during these times are the ones who win later. There is no success without difficult periods. Take your time, review your decisions, and focus on being ready when the market corrects itself. Real opportunities arise when everyone is scared.