(.....) It is really possible to have recoveries this month, not that strong but I feel it.
What do you guys think about it?
It depends if you say like short - mid-term, months is possible. Because the same as what happened in the 2017 - 2018 bear market, after we peaked at around $19,000. It took years before we created another new all-time-high and that's how I can say recover. But with all the FUD, for me, FUD are just temporary and just a short term because someone is just using it to make some good entry on the market, like accumulate more while downtrend.
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As long you dont touch leverage/futures then you do always have the chance for some recovery whether you are dealing with short/daytrades since you could always have the opt to hold with those (....)
Yes, but for me, this is not effective because if you decided to trade or before buying a trade like on the spot market, you don't have any plan? Like your entry price, price target, and stop-loss? Because if you hold your position instead of cutting your losses, it will not make you a good trader, to be honest. I already experienced this before when I'm just starting and most. In short, don't mary your altcoins.
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It is the reality of trading, the higher timeframes have a better advantage since you can see the whole picture not fractions of market movement. (.....)
You got a point here but we can't force people to stick on using higher time frames. There are a lot of people making huge money while just doing scalp traders compare to day trading. I already experienced scalp trading, I tried doing scalp trading but I find it really difficult. But overall, if we talk about timeframes, you can always use different time frames, just like what I am doing, I am using a lower timeframe before I will enter a trade for my day trading, it's like you will get some small advantage on your entry by analyzing that low time frame.
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For many years of trading ,I have been looking for the perfect trading strategy , but I came to realize that there's no perfect trading strategy but you can create a rule base strategy that works when you decipline yourself and follow the rules even if at the end of your analysis and it finally becomes a lose trade, you're gonna be fine because you followed the rules base system you set for yourself and not trying to beat or out smart the market. (....)
Agree! This should be the mindset of most traders especially those who starting to trade. Most of those new in trading or who are just starting are intended to stop after how many trades like how many losses or wins. They don't know, that's how trade works, that's why there is stop loss/targets because it will save you to maximize your profits and minimize your loss.
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Here are the boxing records of these fighters. At first glance, I notice that this Russian boxer Dmitry Bivol is really an underdog when it comes to the records. But if you take a look at his records, undefeated, which is for me, this is his only ace for this fight compared to the Mexican boxer. Another thing is the reach and height of Dmitry Bivol is also an advantage. This is really exciting match for me.
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Stay away from trading bots. This is the only way it saves you from being scammed. (....)
Based on my experience, scammers are using trading bots to scam and fool people. Scammers also pretend to promote their trading bot just to gain the trust of their victims. Instead of wasting time and funds on trading bots, just focus on learning about manual trading because that will always be an edge. Just stay away from trading bots because that would only ruin your trading journey. There are a lot of them. Some of them are creating fake accounts just to do fake feedback and let other people know that they are legit. But still, I believe that there are still a lot of trading bots that are legit, but some of them are not free or there is a premium feature that you can't use if you don't pay. For me, I am really not fan of using trading bots, especially if you are newbie, you must try to learn the basics of trading first, the foundation.
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What I most appreciated when February ends is when the daily timeframe candle closes above 13, 21, 50 EMA. Very good sign for the start of the month. And I really believe that this March will be short-term - mid-term bullish. If you also take a look at the monthly candle, the Febrauary candle closes as a green candle, a good sign for me too for mid-term scenario even what happened between Ukraine and Russia.
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Can we change the title now to "Bitcoin Support Price above 40000"? because now bitcoin once again prove that it is worth a Hold and buy in dip. (....)
This is now the psychological support for me, after breaching the $40,000. Look how $40,000 acted support now, Bitcoin reached $44,000 immediately. This is how I label supports and resistance since last year, by $10,000 after we broke $20,000 last year. So for me now too, $40,000 supports, $50,000 resistance.
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(......) If all the team talks about is money that you will earn without any explanation how they will make that happen and also no technical professionals behind it it's a big red flag.
Indeed! They are more focused on how to collect money from people other than working on their projects. This is the most scam project these days, they want people's money because they know they can't deliver the project so they will start on the money. This is already proven especially last 2017 - 2018 during ICO fever.
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Not only Russian rubble is suffering during these times, even some stock markets too. There are already rumors that Russia is buying Bitcoin but not yet confirmed. I saw also a lot of posts on social media about some people starting to use Bitcoin to store their wealth like converting their fiat money to Bitcoin or other cryptocurrencies.
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(....) The usage of cryptocurrencies and crypto businesses are starting to become relevant in the ongoing Russian invasion. Fewer and fewer areas are holding their apolitical stance, even if they used to be apolitical before. I wonder who will be next. It's interesting how Buterin will react, given that he's originally from Russia.
Exactly! Big slap on the faces of people that keeps talking negative things about Bitcoin and other cryptocurrencies during these tough times between the Ukraine and Russia conflict. This is one of the uses of Bitcoin right now, look how much you can help other people. Power of decentralization, even where ever are you in the world you can help other people.
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If someone will ask me about what is "What is Crypto/Cryptocurrency", The very basic answer, digital currency where is intangible, not physical. Where you can use it as payment for such products/services. For me, this is the very basic explanation I can say to those people who are no idea about cryptocurrency or are not really techy persons.
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Can you elaborate more on this?Why would anybody search in Google or Bing for a QR code generator? (....)
Some people are using QR codes to generate receiving address to their wallet because QR code these days is the best way to use other than copying/pasting/typing all of your Bitcoin address, QR code also will help that your address is accurate. That's why there is a lot of Bitcoin wallet these days that already have QR code for receiving address so people can use them to receive Bitcoin without giving their Bitcoin address, just scan and send. So, in this case, some people could use Google and search "QR GENERATOR" then if they will paste their Bitcoin address, then that QR GENERATE site could change the output of QR, they could change with them so that's how it became fake.
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I advise all people who are willing to give to check that the above address, or any other address, effectively belongs to the Ukrainian government.
My apologies to the OP, but I'm suspicious by nature.
(....)
I already started to see some scammers popping everywhere, especially on social media, that are taking advantage of the good act of the Ukrainian government. There are already scammers who are being impostors and creating fake identities just to pretend they are connected with this Ukraine crypto currencies donations. People must be aware of this, scammers are everywhere even how awful the situations right now.
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Axie is likely to make a comeback with the new launch and LAND play. maybe RONIN will do well too.
Land will be focusing to the SLP and it has nothing to do with RON. The usability of RON token to be used as gas fees and no more. I think that you must also understand it correctly. It will not make RON to so well. RON token is only for the blockchain. (......) I don't think so. Since RON is released, it has already to do with Axie Infinity, if you are aware, only the Axie Infinity game is using the RONIN network for now. So that's one of the reasons that RON is not yet worth my investment. It will always have to do with Axie Infinity because only Axie Infinity is using this layer-2 network.
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(.....) We’ve seen another price drop as the war continues, although there’s a rumor about the peace talk let’s see if this can affect the price of Bitcoin. Over the past days since the conflict started, Bitcoin are become more stable not until today and I don’t know if the peace talk is a negative news, but I think the trend will soon change for a better, let’s just hope that big countries wont restrict cryptocurrency especially with Russia since they can also use this for their transactions.
This is what I am looking forward to. For me, these Ukraine-Russia conflicts will only cause candlewicks on Bitcoin, as we already experienced these days. Very possible that it is only temporary. Additional, people should also consider that it is not only happening on cryptocurrency market, there are also lot of assets are affected especially some of stock markets.
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Fortunately for us the chances of that happening are incredibly low, despite the differences that governments may have among each other they understand very clearly that no one is going to win such a war, this is why despite how much the United States and their allies disagree with what it is happening at Ukraine they are not going to intervene directly in the war, and instead they are going to content themselves with just giving heavy penalties to the economy of Russia.
$20,000 is very possible for me, look what happened last March 2020, when COVID lockdowns started, the market dumped a hugely significant amount. For me, Ukraine - Russia will not trigger it on what happened in March 2020. But when other countries will start to join with their conflict, it could very possible. Overall, short-term bearish but midterm - long-term bullish. $20,000 is like an area of candlesticks wicks.
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Someone wrote this on Twitter, how true is it? Biden's regulation will knock it out the next 2 weeks. Stock Market crash will intensify the pain in March. After that, I'll buy. If the Bitcoin price drops, it will not be due to Biden's decisions, but to what is happening in Ukraine. All cryptocurrency supportes and investors are hoping that Russia's cut off from the SWIFT system will suddenly cause a lot of people to start using cryptocurrencies and drive up prices. We know from history that this does not happen in the case of military conflicts in one country, even as large as Ukraine or Russia. In my opinion, this war will have a negative effect on the cryptocurrency market and it is because of it that the price of Bitcoin will fall, and not due to Biden's decisions. I also don't think that the trigger is Russia or Ukraine here. Try also to look at the good sides of Bitcoin or other cryptocurrencies now, if you saw that the Ukraine government started to accept donations via Bitcoin/Ethereum and other cryptocurrencies. We all know that Bitcoin is decentralized and doesn't just rely on these countries, especially the United States of America.
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Although, I personally use bitcoin when I have lost too much even with 3x leverage while trading altcoins, I changed it to bitcoin because it makes liquidation harder and more impossible unless the market is extremely volatile which is not usually the case but it can happen. (....)
You got a point here about how much volatility you are trading other altcoins compared to Bitcoin itself. But you should treat and expect or look forward in the future that even you are trading Bitcoin, volatility still there, so don't be too comfortable using such leverage, even which pair you will trade, risk is still high.
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Action like this by Ukraine will help other countries to convince how Bitcoin or other cryptocurrencies are extremely good. And I am also curious why other people seem to be more greedy, they are worried about the price of Bitcoin that it could dump more because of what happening between Ukraine and Russia now. To be honest, it's not best time to talk about the price now but they should appreciate the use of Bitcoin in times like these. Look how using Bitcoin now and in the future, financial freedom indeed.
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