Possible bullish movement at $BTC in the short term, small pullback to 102k above the resistance to gain strength and if it breaks upwards with a strong green candle we can expect new historical highs, perhaps 120k.
If you want to take advantage of the movement, wait for confirmation on the resistance and be careful with the volatility next Monday.
The market is moving sideways and you can take advantage of it. 🥳
As I anticipated in my post on December 17, I was preparing to buy possible drops at $ADA , $SOL , among others that took place a day later. The truth is that I didn't expect it to be that much at that time, but I was prepared to buy segmented as long as it continued to fall.
As the fall continued, I added another #altcoins such as $DOT , #vet , and #BTC . Then there was a rebound and I started selling my positions. I commented on the initial post, as I promised, taking a 20% profit on ADA and 15% on SOL. The others, although they rose, did not reach my profit-taking points.
What I'm doing today with the new drop:
1- Increasing my position in the ones I already had to improve my average price and be able to get a better percentage with a lower price when it goes up.
2- Buying back projects like ADA and SOL that I had sold my entire position on.
* Remember to buy segmented, so you can improve your entry prices as the drop increases.
* Don't get ambitious and take profits as your investment goes up.
#22 Do not follow me if what you want to read are false criteria that tell you how to become a millionaire in a day.
Can a person make a million dollars in #Criptomonedas in a day? Yes
Without experience? No
With one dollar? No
Without having lost at some point? No
In these simple questions and answers, I leave you the path to develop your financial freedom; first, you must gain experience, study, start investing, be disciplined until you find your way.
Secondly, you must generate money that allows you to keep investing and increasing the amounts you are operating with.
Surely, along the way, you will lose money at some point, but I have no doubt that if you are consistent and work on your skills, one day you will be able to make a million dollars in a day.
#21 How to avoid panicking or making impulsive purchases of #Criptomonedas ?
It is always good to have your investments in more than one portfolio to reduce the risk or failures of platforms; regardless of this, it is also good to have at least divided your capital into two main strategies.
1- long-term purchases that allow you to increase your portfolio while taking advantage of market dips.
My recommendation would be to schedule a monthly purchase with a fixed budget that is not difficult for you to meet, starting with the cycles of $BTC after finishing the bull run and beginning to take profits in the next bullish period.
2- Purchases to gain short-term returns.
Set aside a fixed budget to make opportunistic short-term purchases that allow you to earn 10, 20, or more percent.
My recommendation is not to be too ambitious; 10% is better than nothing. Segment your budget so that you can buy several projects at the same time where you see an opportunity, for example $ADA $SOL among others. Divide the budget you have for each project into at least 4 parts and enter gradually; you never know what the last dip will be.
With this structure, I increased my initial investment 200 times in 3 years; you can too.
They have noticed how the opposite happens to what the majority votes in the polls.
The market always tends to move contrary to what the masses expect; in several polls I have conducted in my publications, it is noticeable how the opposite has been happening to the option with the most votes.
Currently, I use them to assess my projections alongside the analysis I do.
#20 In a week’s candles, several #altcoins are forming an inverted hammer like the image of $DOT that I show here.
This pattern, along with others, could be signaling a market bottom and a possible rise.
In case this scenario occurs, the purchases you made during this drop could yield great returns.
The pattern can also be identified in other Cryptos like $ADA and $VET .
This does not mean that the market cannot drop further in the short term, but it is an opportunity to load up your bag if you still believe we are in a #altsesaon .
$FLOKI currently is not among the top 50 coins by market capitalization, which gives it an important growth opportunity if it were to equal its market capitalization with its peers like $SHIB and $PEPE
At this moment it has a minimum short-term potential to double your investment with this new bullish momentum, from there it would be seeing the work of its community and project to position itself as a leader within its sector.
Remember to invest a capital that you feel comfortable with and fragment your budget to enter sectioned in case there are more drops. Success.
#19 What am I doing to become a millionaire with cryptocurrencies?
1- I don't live off investments; I use investments to multiply my money. What happens in the market in the short term doesn't affect my day-to-day life.
2- I invest an amount of money that I'm comfortable with; the important thing is to learn. You will never invest 100k if you haven't first invested 25, 5000, 50k, etc.
3- I don't guess; I have a plan for different scenarios. If it drops, rises, or stays sideways, I act according to my plan.
4- I don't expect to become a millionaire in a day; I operate and take profits. It's better to gain 20% than to aim for 100x, which would be very difficult to predict.
5- I have several projects in my portfolio to reduce risk.
50% of 100 is just 50, but... could you live with 50% of a million? The problem isn't the percentage; it's the money you have to invest. Success.😎
In the recent bearish period when $BTC b dropped to 15k, everyone was saying it would keep falling, and some even said it would reach zero.
Contrary to the market sentiment at that time, I increased my BTC holdings with the largest purchase I had made up to that moment.
Usually, going against the general market sentiment generates profits, not necessarily in the short term, nor in the amounts you would dream of, but brick by brick a house is built.
A similar situation is starting to be seen at this moment; it seems that the market is beginning to bloom little by little after these days of intense fear, seeing recovery in some #altcoins. of 10%, 20% or more.
It could be a false recovery; it's possible, but normally when markets fall so sharply without a realistic argument, they tend to recover with the same intensity.
During this small moment of decline, I have been buying $ADA and other altcoins more than I had planned before the decline, as I had envisioned this possible scenario and was prepared for it.
At this moment, I am already in profits; I will remain in profits in the short term, I don't know, but if it falls more, I will continue buying, and if it keeps growing, I will take the expected profits.
P.S.: I am recording my entries and exits in the comments of my post from a few days ago where I shared my strategy for this moment, in case you want to know more details about what I am doing.
When everyone is saying that we are going to the moon, the most common thing is that the opposite happens.
What do you think will happen in a few days when many have lost hope, sold at a loss, and we have much cheaper prices?
Discipline, patience, and a plan will be your great allies to make the most of your investments.
That’s why it’s important to capitalize on the rises and not let ambition take over, so you can go shopping when everyone is in panic and maximize your investments. 20% is more than the promise of 100x that most likely won't happen.
I have a post from a few days ago where I outlined this possible scenario we are experiencing and shared my strategy; you can check it out on my profile.
In the comments of the post, I am following up on my purchases according to my plan and will also follow up when I start selling. You still have time to review it and see if it makes sense for you to apply it.
Coins I am buying at this moment $SOL $ADA $DOT among others.
Right now there is a lot of noise following the market's drop, and mainly those who are newer to the market may feel fear and be tempted to sell at a loss. Quickly forgetting that this morning we were in a bullish market.
The market is in red and it is an excellent time to buy coins on discount. In a previous post, I discussed this possible scenario and my strategy if it occurred. In fact, my orders were executed in the afternoon and I have already made my purchases of $ADA
$DOT $VET Make your strategy and don't be swayed by momentary impulses. In case everything continues as it has been developing, this could be an ideal buying moment to increase your profits.