I also learned technical analysis by self and i think to learn it not necesary to join premium education. Its easy to find how to learn about technical analysis because there are alot of tutorial already on the google and youtube. Learn about technical analysis is first step to be a profesional trader.
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This is according to you become market taker or market maker, if you become market taker you will get price of bitcoin at $6700, but if you become market maker you will get price the same or higher than $6700 when you buy, or the same or below $6700 if you sell that BTC.
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For now i try first to compound my profit while waiting for bull market, use compound in this situation that all price of crypto in the bottom is less risk and will give more potential profit. After bull market passed, i will withdraw all of them and put in others asset.
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I heard total daily volume in Bitforex exchange is not real, so that mean they not professional. I did sell bounty token there and for the deposit and withdrawal is fine, but for daily trading activity i prefer to use others exchanges that has better reputation, like Binance and Bittrex.
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Bitcoin is good asset to use for long term investment by duration 1 to 2 years. There are alot of others opportunity to make invest in others asser in long term, and Bitcoin is one of the that asset. And Bitcoin also will be promising higher profit than others kind of asset. We have to know the trend of the crypto market so we will know when good times to buy and sell it
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I hope so bull run coming soon, but we can not control the market. Bull market will be coming if there are many good news around crypto that will increasing demand of crypto. No one know when will be started but sure will be coming, if not in the end of this year could be next year.
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I passed bull Market twice but iam not really make profit because I am too greedy, FOMO and not have diversify risk. Learn from this my mistake, I hope I can make better profit when bull Market coming again. Keep learn how to minimize the risk in high fluctuation of crypto is need it to make profit.
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There are a lot of different technical analysis, and all of them does not fully accurate, so do not forget to use stop loss on the every trade. Moving average is one of the popular indicator that very easy to understand it, for beginner trader this indicator is recommended to use to analysis support and resistance.
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For beginner is better avoid doing margin trading because this is more risky than spot trading. More than 50% of trader loss because doing margin trading, so to be more safe its better avoid margin trading for beginner. And for the exchange you can chooce of the top 10 exchange based their trading volume, and currently Binance is the biggest exchange.
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To trade crypto and to get more safe in trading activity, i used more than 1 exchanges. And all exchanges that i used have big trading volume and also they have stop limit function that i need it for stop loss, these exchanges is Binance, okex, Bittrex, Poloniex. Bittrex and Poloniex is first exchanges that i used when i started crypto trading 2 years ago.
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For day trading use times frame 1 hours and understand about price action, and to know the price action bullish or bearish we can learn about price pattern and candlestick pattern.
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Yes its times to buy more and hold for long term trading if you do swing trading. Ethereum still have good and strong fundamental so the price will possible to going up to the peak price again. When Ethereum change to Proof of Stake, this will be increasing the demand.
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Yes we not need to be panic, if you just bought on the bottom price is better just hold it for long term trading, because crypto is not dead but this is only phase to be boom market. There are always bottom and top price so not need to be panic sell or FOMO.
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Many newbies loss money in crypto because greedy, FOMO and does not use stop loss. This all thing is enemy of all trader and we have to control and manage it to get profit in crypto. Crypto trading without use management of risk and money is the same like put money in gambling.
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For newbies trader is better avoid margin trading and more focus first in spot trading, and if all crypto on overbought like december last year, you can do spot trading in stocks market. Margin trading is only for expert trader because this trading is more risk and we should be have better risk management.
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Yes i use Binance too for day trading , with high trading volume Binance offer lower spread compared with others exchanges. But use 1 crypto exchange only is risky, so i also used others exchange, like Bittrex and Okex. For margin crypto trading i use platform Metatrader of FX open.
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XRP just soar about 100% in afew days and any possibility the price keep going up to the highest price. And other potential coin that have possibility to bull run is XLM and NANO. But others altcoin also will be going up when bull market coming, because all crypto usually going up and down at the same times.
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I think yes, we can see Bitcoin all the times high last year and many altcoin was follow it, and on december last year the price of BTC started crash and also all altcoin also was dumped hard. This situation make hard to make consistent profit from crypto trading because all crypto bullish and bearish by the same times.
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Reward from bounty program is not guaranted and we can not make monthly reward from it. In bull market can be possible to earn more than $1000 amonth but in this bearish market its not possible to earn the same reward. So we should be have others job beside bounty hunter so we have others source income.
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Now i understand how to make profit consistently in crypto trading. In bull market the price of crypto will going up to 10 to 100 times a few month, but in bearish market the price will going down to 70% to 90% in a few month as well. So after all price of crypto on the top, we should be waiting a few month to buy back untill the price dumped to 70% to 90%.
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