In other words, it will take some time for the market to get better.
This may change and it may not be so long for reversion to start. The price is around $34k and pushing to $30k support and strongly hodling at $35k. On a longer time frame, it is looking like a change is possible to happen anytime soon before the second quarter beginning. This year may still look positive at the end.
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don't force what you can't master, everyone also needs to learn slowly. .
Surely we do not need to force market to our own side to do what we want. For example now that the price of bitcoin is dropping, that is the bear trend going on and that's is what to be followed, if someone is expecting that price will go up and starting trading up the person surely will lose the money because that is forcing out the market. We also don't force ourselves to trade or learn if it is not working on that. It is not all trader that will master the art of trading but some most times force themselves when they can not learn.
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Timely decision making is more important for any trader because for active trading, timely action is more important than technical analysis. Getting used to market fluctuations must be always a key; no doubts on that.
I ask a question based on this, can timely active trade override technical analysis ? No is my answer because technical analysis is a direction for trade to be made for an experienced trader. Again on that you can't get adequately used to the market fluctuations without the technicalities of the market this is what is important. Taking note of the graphs, charts and indicators is important to check the fluctuations.
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Ok, many experts here, some stating 10k. I guess most of you sold? Or sell now? You can buy back three times more at 10k Funny though as it can look this is not like something like that has not happened in the past. If you compare when btc got to $20k and later dropped to $3,500 was unbelievable by that time too. Now if it drops down to $10k it will break some people's heart but what is certain is that the rise will at some point start again. At the fall is the time to buy and I'm sure at $10k, many more buyers will hodl btc.
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Focus on what can happen, and not what has happened, that way you can have some hope for the future.
This is the focus actually for investment. The future is what investors should be looking at and invest in coins with potential. Rather than fear we need courage because cryptocurrency is a new discovery this is the reason that it is a good investment area. Catch them young is the phrase, invest now for the future.
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March is about 2 months from now and I want to say it is not a realistic speculation that bitcoin will get to that $100,000. It is very close time for that, bitcoin has not stabilize yet, still facing bear and looking to go down more to $35k if it breaks $40k. This is the overview of the price and today being friday is not really looking fine for a bull. The price is still dropping and trying to stabilize below $40k.
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Just wanted to revive this topic. Everyone still confident in holding? Hehe.
Nothing has changed brother. This has been the pattern of btc price. It rises and falls and traders making profit from both while hodlers will keep being patient for another time of bull. So only newbies will panic that there hodling is deminishing but experienced guys already know how it is. You either tether what you hodl or you sell to regret in loses but if you hodl it must bull after bear.
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But it's worth mentioning that risk is always paid very generously.
No it doesn't work that way. To believe that risk is well rewarded or generously rewarded is not the real way to believe and take risk. If we believe just that then some people will take any kind of risk therefore abusing it and losing much. Lets ask ourselves what happens when we take that high risk and it doesn't work ? It burns our account gradually. It is better to take moderate risk at all time. Trading is a steady way of profit taking.
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Staking has its risks mate if that project value goes down it will affect your rewards, if you can only stake the project on a exchange anything can happen to the exchange, don't ever believe that there is no risk involved in staking coins if anyone told you otherwise you've been lied to.
Staking valuable coin on reputable exchange is a little secured. Not all exchanges has what it takes to run that kind of program so we need to be careful. Usually it is better staking on the binance platform, I have a little above average confidence dealing with binance anyway and that is why I stake there when there is need.
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I lost a lot of money as a trader for a year, so I gained a lot of experience in trading.
This is what most traders have experienced and newbies has to, for there own experience too. Losing money in trade is not the problem but what you gain from it afterwards. That is where you gain more knowledge on your strategy both entering and existing plan, stop lose, leverage and general money management skills.
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As possible avoid directly giving your information to the public because of course, not a reputable higher rank will message you and say that they will help you most of the time there's scammers will grab that kind of opportunity to introduce themselves as someone could help you to earn too. There's a lot of information in the internet so you can seek the answers try to increase the knowledge on yourself at the end you are the one who create the decision.
Yes you need to make Google your friend because there is nothing you search for or information you need that won't be provided by Google or you get a link to other sites or you go search for YouTube channels if you want to watch trades. Don't rely on people directly that you meet online and if they are asking you for money, you need to be more careful.
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Because there are so many crypto signal providers now, it's hard for me to pick the right one. Many of these crypto trading signal providers have a good record of giving out good signals, but some are only in it for the money. This is what you need to know about these people. So, which is the best source of crypto trading signals, and which one should you use to make money?
I'm stay with a group of friends. To be honest mostly because i don't have capital to buy premium signal. But i think it is almost same, what they give usually only order, stop loss, etc but all not guarantee that we will always get profit. They will hide with "use money that we afford to lose" if their prediction is wrong and if they right, they will show it to attract new subscribers. There is no benefit with paid group, free or premium package. What they do is not magic, they use there strategy to send you what they feel and collect the money from you. If you build a working strategy for your self then you won't need all those. Nobody knows the exactly direction for the market because it is just speculation and nothing more to it only the chart and techniques that is the difference. The market is the same but the strategy is different so building strategy with the market you don't bother with pay groups.
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A lot of these crypto trading signal providers have a good track record of giving out good signals,
Why asking when you already identified some good ones among them. You can select the ones you prefer and follow your heart if they are not just asking for money. You are lucky to see some that are performing with records so you don't have to confuse yourself more by coming to ask. Trade what you see, follow what you are sure of.
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So because i'm new here that means i don't know anything about trading etc?
I mean reputation. On this forum, newbies are never trusted and they should not be trusted. And this is important to members here. You have to be with us for sometime and reputable for trust and believe on what you say because of the rules here. Although you are coming up with free signal and paid indicator but they look the same, is giving with the left hand and taking it back with the right. You either make it paid for users who have gone through trier with the indicator and have succeeded in it. Such people would advertise it more for you. Good luck .
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I will only buy now to sell later ( short term ).. stupid idea? Let's hear your thoughts
How can this be a stupid idea ? It is not. In fact it is the best way to have profit. If you buy low you need to wait for sometime for the profit to accumulate before you sell and that is buying and selling later, so is there anything wrong with that ? No there is not but the way that we can hodl for more profit. No body invest with out the aim of making profit and making profit is gradually and hodling coins is just about that. We need to hodl longer for profit.
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Price chart right now is mostly sideways, both 2 day and 12hr averages are in the same place from being held in a range. Till we break upwards or downwards its going to be quite boring, my guess is a break up but we'll have to see where the volume takes us on Monday. The weekend has been very dull that's probably indecision in the market. This can still continue on Monday, the moving average on a longtime is looking to break out but not sure when this will happen , sentiment in the market looking bullish more by the day but it is yet to break even.
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As you know the first month of 2022 January is ongoing and there is no signal yet of the bull run market but I hope this bull run can be started after the first quarter of 2022 and everyone is predicting Bitcoin will reach its new ATH more than $100K and some expecting $200K. Present bear market situation.
There is no clear time or season for bull run or bear. All depends on market sentiment and that gets more investors in or out which directs the price of market. Yes we are in expectation of bull because we have had correction since December and now is experiencing indecisive direction but nobody can determine yet when bull will start.
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but there's no 'one fits all formula'. Not even 'one fits most of them', for that matter, that will work for me. Maybe I'm too impatient for it.
They say another man's meat is another's poison. I think stoploss is still preferred. Putting your stoploss target very close to the price on entry can be a reason for the problem. So reducing your risk appetite and extend your stoploss is helpful , being a haste for profit can hurt your stop target often because of volatility hitting you out. If you are a trader you must rely more on the stop loss. Why? Because I believe there's a lot more opportunity to trade in the future compare to holding it and another thing, most traders have a plan before opening the trade, entry point, target exit, stop loss. And some are considering the risk:reward ratio too.
This I believe also. Stop loss is the surest trading strategy for trader. Despite it takes a trader out but you have another time to get it right. Taking a good shot at the market at appropriate time will give you peace of mind, extending your stoploss is far a little from the price is the way on stoploss. If you don't use stoploss, your account is in big risk especially if you taking bigger risk for profit.
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For example in the altcoin market if you just get used to being dumped on, you will always lose money but if you understand why you get dumped on and you can find a way to dump the altcoin before others dump you can avoid losses.
This requires research and reading of speculative thread to see what some experts are saying about the price direction and if we follow some of it, dumping or raising of our coins won't be difficult to notice so we can be ahead of others or the market like you said. Especially following bitcoin speculators, will give an edge because bitcoin is the direction that altcoins follow. So the rise of bitcoin is a way to know the cryptocurrency market
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There are a lot of options out there and it would be safer there than wasting a precious Bitcoin. Take Binance for example which had been offering a lot of staking process using new release altcoins.
Yeah and instead of going through the road of probable scam by forcing yourself to look for bitcoin staking etc, you can go with investing in some other coins and that can be better. Likewise you can buy cheap coins in binance and other exchanges. Binance have some cheap coins, apart from Shiba it has others .
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