According to my technical analysis Bitcoin and Ethereum has potential to going up to the highest price again in the end of this year. So we have to wait patient for afew month, i still believe with crypto market that will keep bigger in the long term. And next year the price can be going up to the new level high, this is possible because crypto market has low market capitalization.
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By know the trend, we can decide when should be jump and exit from the crypto market. And make reasonable target profit will help to make good profit, avoid greedy and FOMO because after bullish the crypto market is always turn in to bearish. Technical analysis and history price of Bitcoin will help to understanding the trend of crypto market.
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Alot of trader include me has been loss so much money in this long bearish and no other way to recover loss just by hold it. With low marketcap and more adoption the crypto market will be huge market in the long term. My prediction between next 1or 2 year the market cap of crypto will going up to above $1 trillion.
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After long bearish the crypto market should be change to bullish , because this is a market cyrcle. Everyone has different analysis for crypto market trend in this year, and for my prediction the bull market can be started in the middle of this year. With the alot of upcoming positive big news can become trigger for bull market.
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I choosed crypto exchange based on high level security, they have regulation and in their platform has feature of stop loss. Feature of stop loss become one of the important thing because price of crypto unpredictable and high fluctuacion. I havebeen loss alot of money because use exchange that did not have feature of stop loss, so now i avoid use that. Currently i trading on Binance, Okex and HitBTC.
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I just make review of my trading experience, and i know i did alot of mistake because i learned trading by self. I did not know how to use stop loss and i just confidence the price will keep going up. So for beginner trader is better to know first the risk of trading and then learn how to make risk management . Also we have to ask and sharing to the expert trader to have more knowledge in trading.
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Soo high fluctuacion, hack and fraud coin is some real risks in crypto market. By know the risk so we have to put money in to it that only willing to loss. In 2017 alot trader and investor became rich from crypto but in 2018 many people lossing alot of money. But i believe later crypto will give others opportunity to make many people get rich like in 2017.
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In my opinion KYC is necessary in crypto exchange to avoid money laundry and others illegal activity. Mostly all crypto exchange required KYC for their member, this is good way to make crypto community better without any illegal activity that use crypto.
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In this year 2019 can be the same situation like in 2015, that price of BTC will sideaway and then will start going up in the end of the year. My prediction bull market of crypto will start in the beginning of next year and the price of Bitcoin and others altcoin will going up to the new level high. I think Next year the price of Bitcoin will going up to $50k.
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Forex trading is very risky trading because use leverage and margin, but we are still possible to earn profit from it. We have to learn and try it first in demo account until we make profit consistently. I think we have to try in demo account in a few month to test all different strategy and risk management. If we already make profit consistent in 4 or 5 month in demo account we can use the same strategy in real account.
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Since crypto has high fluctiacion we should be learn about risk management first. There are some crypto already dumped 90% but after that the price not any sign to going up and the price keep down to 99%. When you start in to crypto trading we have to know first the risk and after that make trading plan to minimize that risk.
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The blockchain technology and cryptocurrency should upgrade to be much better and give more benefits to the many industry, currently all crypto dumped hard and this technology should be upgrade so can be more usefull for the more people around the world. Blockchain technology should be upgrade so the adoptiion will be bigger and scalability issue should be solved.
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Binary option trading is easy trading but very hard to earn profit consistently. In aday i can make profit 200% but in another day i can loss more than that. We can try this trading by use small amount first, let say $50 and devide that amount in to 25 times trade. Some trader can make huge profit from it but others trader lossing much money, this is depending on the risk management and psychology of trading.
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Yes when i jumped in to crypto trading, i dont make any risk management and that why i always get loss. Now i already make risk management by use stop loss for each trade, and stop loss always lower percentace than take profit. For example if stop loss 4% the take profit will be 10%. Never jump in trading if we dont have any risk management because we will never make money.
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Crypto is young market that has big potential to be huge market just like traditional stocks market that has a trillion dolar market cap. By looking in to historycal price of Bitcoin, there are always uptrend and downtrend, so from this historycal we can predict when best times to put money in to crypto and when should out from the market. Crypto market is give opportunity to make money 10 times more just a few months, so no reason to out forever from this market.
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This depending on the which trading platform that you want to use, if you want to do margin trading in crypto exchange will be more risky to keep there because issue of hack, so for the better withdraw everytimes you make profit, but if you want to do margin trading on the Meta trader platform that will be less risk because our ID registered on the platform and for withdrawal request should be the same with that ID.
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I have the same idea and i have prediction the bull market will be coming in the end of this year, i was learn alot of think in crypto market and actually greedy bring me to loss alot of money and waste so many times. Now i keep learnt how to make profit and avoid greedy because there are others place to make money, so we should be out from the market after making profit.
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I think spot trading is not gambling because we can minimize the risk by use management of risk and money. All kind of business has each risk, there are always in high or lower risk and trading is include high risk and high return. If we can minimize the risk that mean trading activity will be good option to make money.
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All above is some of the my mistake when first try crypto trading, even i dont know how stop loss feature work on the exchange. So for beginner trader should be learn first how to minimize the loss from the wrong trade. Use stop loss become the most important in crypto trading because the price very high volatility.
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In my opinion is never late because crypto market still young with very low market cap, according to technical analysis its now will best times to catch Bitcoin or others top altcoin. Market cap of crypto is very low compare stocks market and gold , so in the long run has potential to be huge market and the price has potential to going up multiple times.
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