Get started

SOL

🔥WHY ALTCOINS FOLLOW THE BTC PRICE? A FULL GUIDE FOR TRADERS!🔥Hi, friends! I will explain why altcoins are following BTC and how traders can take advantage of this idea. The first and main crypto is Bitcoin. I am sure that 99% of traders/investors discover crypto through BTC. 📊THE 4 MAIN REASONS WHY ALTCOINS FOLLOW BTC: 🔥 Bitcoin is the most influential cryptocurrency: As the first cryptocurrency and the largest by market capitalization, Bitcoin has a significant impact on the entire cryptocurrency market. The price of Bitcoin often affects the prices of other cryptocurrencies, and it can cause other altcoins to rise or fall in value. Therefore, it's essential to keep a close eye on Bitcoin's price if you're trading altcoins, as it can indicate market trends and potential opportunities. 🔥 Altcoin prices are correlated with Bitcoin: Many altcoins have a strong correlation with Bitcoin's price movement. This means that if Bitcoin's price is rising, it's likely that the value of altcoins will also increase. However, if Bitcoin's price falls, altcoins are also likely to experience a decline in value. As such, tracking Bitcoin's price can provide valuable insights into the behavior of other cryptocurrencies in the market . 🔥 Bitcoin can act as a safe haven asset: During times of market volatility or economic uncertainty, Bitcoin has historically acted as a safe haven asset. This means that investors tend to flock to Bitcoin as a way to store value and protect their investments. As a result, Bitcoin's price can rise during times of crisis, and this can have an impact on altcoin prices as well. By monitoring Bitcoin's price, traders can gain insight into market sentiment and adjust their trading strategies accordingly. 🔥 Bitcoin is a market indicator: Bitcoin's price is often used as an indicator of the overall health of the cryptocurrency market. For instance, if Bitcoin's price is rising, it may indicate that the market is bullish and that investors are optimistic about the future of cryptocurrency. On the other hand, if Bitcoin's price is falling, it may suggest that the market is bearish and that investors are taking a cautious approach. By keeping an eye on Bitcoin's price, traders can gain a better understanding of market trends and make more informed decisions when trading altcoins. ✅HOW TRADERS CAN USE THIS BTC-ALTCOIN PATTERN I made 4 simple comparisons for you to show it. I used Bitcoin (as #1 crypto) and ETH (#1 altcoin). Take a look on the chart and the numbers on it. 🚩 1st case. If BTC falls at the beginning of the bull market = altcoins fall so much. In the first case BTC fell by -60-65% and ETH fell by -70-75%. It's not too much for ETH, but you can check the other alts. They fell by -85-90%. 🚩 2nd case. After the long consolidations altcoin grow higher than BTC. BTC made +35%, but ETH made +81%. It's 2 times bigger than BTC. 🚩 3rd case. BTC and altcoins during the rally grow equally. Except for some skyrocketing crypto as AXS, SOL and etc, of course. +452% for BTC and +480% for ETH. 🚩 4th case. New ATH is a time for altcoins' pumps. This is the time when they grow by 300-400% in a few weeks. As you see, BTC made +5%, but ETH +157%! 🔥SUMMARY. So, the 2nd case (after the consolidation) and 4th case (at the new ATH) is the best to catch strong altcoins movements for a hundred percent% and 40-50 or even 100RR. Now you can use it in your trading, cause you will know what BTC do now and how it will affect altcoins. I hope this idea was useful for you. Do you have your own notes? Write your most profitable BTC-atlcoins patterns in the comments! 💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
Education
by Yuriy_Bishko
3
🔥SECRET METHOD TO IDENTIFY LONG TERM TREND:VOLUME PROFILE+POC🚀🔥Hi, friends! Trend is the most important thing in trading, so you have to know how to identify it and be a successful trader. In this idea, I will explain to you the most easiest and useful method for trend identification. I know that you haven't heard about that. 📊 THE INSTRUMENTS WE USE TO IDENTIFY THE TREND: 🔥 Fixed Range Volume Profile (FRVP) 🔥 Point of control or POC 🔥 Bitcoin monthly candles/bars. They help to identify the long-term trend without local noise ✅ IF YOU WANT TO UNDERSTAND IF THE BULL MARKET BEGINS AND CONTINUES, YOU NEED: 1. Use the Volume Profile. Just pick it at the left side of the TradingView chart at "Prediction and Measurement Tools". 2. Stretch the volume profile on a monthly candle/bar. 3. After this you will see the Point of Control (POC, red line) which shows you where the most liquidity is concentrated. 4. If the price continues to close above the POC each month, this means that we have a healthy bull market. 5*. If you see that the monthly candle is close below the POC, you need to be more careful with your trends. This can indicate about a trend change, but it happens at least 1 time in the middle of the bull market. Check the precious bull market. Thats work perfectly! 🚩 You can check if it rule works for the BEAR market and write it in the comments. 📊 WHY IT'S IMPORTANT TO UNDERSTAND THE LONG TERM TREND I know that you guys know the most famous trading quote: "Trend is your friend." . Naive but very useful recommendation. The understanding of the long term trend helps you to reduce 50-70% of your losing trades and increase your winrate at least to 60-80%: 🔥 you can use only trend following strategy and make much more money (open only long trades on bull market or open only a short trades on bear market) 🔥 reduce the risk when opening a trade against the trend and cut the losses. 🚩 Additionally, if you buy crypto (BTC, ETH or other alts) on spot, you can use this method to buy and hold crypto till BTC not change the trend. This method helps you to make a huge profit. So friends, this 5 min educational idea helps you to grow your deposit much faster and don't get big losses during the trading. Traders, was it useful for you? I know I have is a lot of experienced traders. Write your most useful trading tips in the comments to help the newbies. 💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
Education
by Yuriy_Bishko
4
🔥WHAT IS NEEDED FOR BITCOIN TO GROW HIGHER? 1300%vs4900%🚀🔥Hi friends! A lot of newbies consider these things as something bad. These make them very unhappy and disappointed because their position gets the loss. These things are the pullbacks or corrections after significant growth. Everyone is waiting for it now to buy more cheap crypto. 📊 The pullback is the price fall after significant growth. But why is it so good for price growth: 🔥 1. it makes the market (BTC as well) much healthier because it liquidates overleverage traders. For example, -40% pullback liquidates all traders with 1.5x leverage and coll down the market (as it was in the 2016-2017 bull market). 🔥 2. it gives the opportunity to enter the long traders for the advanced traders. If we have 5-6 pullbacks every time after 100-150% growth, you can use already earned money in new trades (increase the risk per trade). When the price doesn't make the pullbacks and you enter the trade at the very beginning of the bull market, you have no chance to exit the trade and use the margin from the profit to increase the risk per trade. ✅ COMPARISON OF 2016-2017 AND 2020-2021 🚩 2016-2017 BULL MARKET The market had made 4900% of profit in just 2 years. I mention 6 huge dumps with 30-40% drawdowns. These dumps cool down the market and liquidate overleveraged traders. Lots of entrance opportunities. Hope the next bull market will be the same. Of course, you can say that market was not as big as now and I agree with you. But the whole BTC capitalization is equal to 3.5% of the entire gold cap, so it's just the beginning for crypto. 🚩2020-2021 BULL MARKET This bull market as well as the 2019 local bull market was almost with no pullbacks and entrance possibilities. Bitcoin had made just +1300% in 2 years. Just 3 pullbacks with +16-30%. Almost no liquidations and no cool down of the market. Not the best growth as the result. In that bull market, the beginners can't even normally use their gaining margin to open new trades. 🔥 WHAT WILL HAPPEN IN THE NEXT BULL MARKET? I think that this growth will be the same as at the last bull market. Of course, it will be some surprises as at each bull market, but it will grow nonstop. I make a huge update about this in the last idea. Check it if you want to know what to expect from BTC and the crypto market here👇 🚩Traders, what is your expectation about BTC bull market? Do you agree with me or have another argument? Write it in the comments! 💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
Education
by Yuriy_Bishko
7
🔥THE BEST TIME TO BUY ALTCOINS: DOMINACE AND ALTSEASON🔥 Hi friends! All you know and like the time when altcoins make +50-100% or more profit just in 1-2 weeks. Most of the traders enjoy this time. Dominance is a key thing that helps us to identify such periods (altseasons) and buy alts in time. 📊 WHAT IS ALTSEASON AND WHY DOES IT HAPPEN? Altseason is a time when most altcoins grow by 30% or more. THE TWO MAIN REASONS OF ALTSEAON: 1. BTC capitalization outflow and its inflow in altcoins (dominance fall). 🚩 Dominance is the ratio between the total value of all Bitcoins to the total value of the crypto market ( Bitcoin + altcoins). Altcoins start ti griw when it falls. Bitcoin currently has a $320 billion capitalization and for Bitcoin these $1-2B globally do not mean anything. As the altcoins have a lower capitalization, when $1-2 billion from Bitcoin flows into any altcoin, it can grow by 100% or more. With large outflows (10-20% of Bitcoin's capitalization), the growth of all altcoins (altseason) begins. 2. huge money inflow in altcoins during periods of "greed", when crypto market makes new ATH or BTC is at the last stage of bull market (parabolic growth). The BTC dominance falls in this case too. All you know the periods when BTC make a new ATH and this is a most comfortable time to grow your deposit - everything is just exploding. ✅ As Bitcoin is still far from its highs, which is the second reason for the growth of altcoins, we should look for the first reason, which is the flow of money from BTC to altcoins now. Our main task is to buy good altcoins just before the altseason. 📊 WHEN WILL THE NEXT ALTSEASON START? Friends, as you can see on the chart, the altseason begin when the BTC dominance falls. Now we should expect the next atseason when BTC reaches 50-54% of dominance. ✅ The altcoins start PUMPS during this dominance fall as was shown at 1 and 2 cases. Friends, I will publish a list and trading setups of the best altcoins when that time comes. Let me know which altcoin I should pay attention to. Write it's ticker in the comments. 💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
CRYPTOCAP:BTC.DEducation
by Yuriy_Bishko
15
🔥THE WORST YEAR FOR CRYPTO: 2022 OVERVIEW AND 2023 FORECAST✅🔥Hi friends! Bitcoin fall from $41 500 to $15 500 by 42% this year. 2022 was an amazing year, especially if you are trading using downtrend strategies. But who will be the winner in 2023? Long or short traders? Read more in this idea! 📊 
WHAT WERE THE MAIN REASON FOR BTC DUMP IN 2022? 1. 
LUNA, UST, and Do Kwon are the first such major crash this year. The algorithmic stablecoin UST lost its peg to $ and pulled down the LUNA token, which it was backed by. Terra LUNA had one of the largest amounts of Bitcoin. In total, they had about 81,000 BTC in their wallets, but this did not save them from the fall. LUNA was top-10 altcoin by capitalization but fall from $110 to $0.01. BTC fell from $31 000 to $17 900 by 44%. 2. FTX, FTT and Sam Bankman-Fried. At that moment, it seems like BTC begin to recover and already reached $21 500 after the 4 month consolidation (accumulation) from June to November. CZ tweeted about FTT sell off just only opened eyes to the problem of the #2 exchange. 🚩 Bitcoin fell to $15 500 but actually, it`s not a huge dump, as was all the year before. This fact indicates that there are almost no sellers in the markets and recovery is highly possible. 📊 THIS HAPPENED FOR THE FIRST TIME IN THE BITCOIN HISTORY The Q1 2022 started with a small fall, but after this, the series of negative events in the cryptocurrency market pushed the price of bitcoin lower and lower. Now we should say that this is the worst year ever. ✅ All 4 quarters (Q1, Q2, Q3, Q4) will close at loss FOR THE FIRST TIME IN BTC HISTORY. 📊 THE PREDICTIONS FOR BTC IN 2023 I name this year THE YEAR OF RECOVERY for the crypto market. BTC will reach $32k as a pullback to this year’s dump with a 95% probability. I think that the #1 crypto has a 70% probability test of $45k. ✅ But first, the price can update the lows and reach $10-12k. So if you are a trader , it will be a really good year because of its volatility. If you are a long-term trader or investor , I would be in the market by 20-40% to not miss the possible growth. Another part of the deposit leaves for buying lower at $10-12k or after making new HH and HL at $21-22k. It will be interesting to check the results in a year. 

Friends, what is your target for BTC in 2023? Write your target at the comments. Please, don`t write $200-300k :) 💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
Education
by Yuriy_Bishko
12
🔥✅HOW TO GET 70% WIN RATE USING VOLUME PROFILE🔥 Hi friends! Today we will talk about a very important trading tool that can give you 70% win rate if you will know how to use it as a pro trader. This tool is a volume profile. 📊 WHAT IS THE VOLUME PROFILE? The volume profile is a real traded volume. Unlike the usual vertical volumes that show the amount of volume traded over a certain amount of time, the horizontal volume shows the volume traded over a certain price range. The volume profile has 2 components:
 🔥 value area (yellow areas), which is the biggest resistance/support for the price. There can be several value areas, but the largest value areas called HVN or High Volume Nodes. 🔥 liquidity gap (white area) is the area where the least volume is traded. Usually, the price "cuts" through these areas very quickly. 📊 HOW TO USE THE VOLUME PROFILE? I want to show you how it works. If we want to understand the next price movement, we should identify the biggest value areas. So you see the most significant liquidity (value) areas and wait when the price tests it: 1. if the price breaks the value area and tests it as support , you can enter a trade because bulls are strong and the price should go higher. 🚩 The clear trade example on how to use HVN (value area) as support (+20% of clear move). 2. if the price test it as resistance , this means that bears are stronger and bulls haven`t enough power to push the price higher. 🚩 The clear trade example on how to use HVN (value area) as resistance (+26% of clear move). So the value areas or HVN are a stop on the way of price movement in one direction or another. The better you determine where the price will go after testing this HVN (value area), the more profitable you will be. 🚩 If you use this approach on lower timeframes, you can get more trades. This is ideal if you are an intraday or swing trader. Try using horizontal volumes yourself, and in the following ideas, I will tell you how I and other advanced traders use them. ✅ So this approach has 50-70% win rate, but if you want to increase it, you need to use additional filters. Personally, I use the DOM and Footprint to identify the whales' orders and buy crypto with the big guys. These indicators can easily add 25-35% to your win rate. I make a lot of video lessons and articles about them, so enjoy and make money. 💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
Education
by Yuriy_Bishko
9
📊How to use HORIZONTAL VOLUMES? Tutorial with examples!Horizontal Volume Indicator or Volume Profile is a simple indicator that helps to identify: value areas (support or resistance zones) and liquidity gaps. In this idea I will explain how to use the indicator and mark these areas to make trades and why it works. Let's start at the beginning. 💹What are value areas (support and resistance zones)? 🔶The value zone is the price range at which the most trades are made. On the chart we can mark the value zones: 33600-41000, 46000-49500, 54600-58200. I also marked how these zones were support or resistance to price. The value zone becomes a support for price if the price, when it is tested, does not continue its downward movement. A value zone becomes a resistance if price does not continue to rise above that zone. The zone simply doesn't let the price go higher because there aren't enough buyers. 🔶Liquidity gaps are called that way because no trades were made in that zone and there is no liquidity for traders (buyers or sellers), and price, as we know, goes from liquidity to liquidity (from one zone to another). On the chart I have marked for you the liquidity gaps and we can see that the price can' t stay in these zones for a long time. ✅Why do horizontal volumes work? Price reacts to these zones for a simple reason. Many traders pay attention to these areas and put their limit orders to buy or sell or when the area is tested, so the price moves up or down. If there are more sellers than buyers, the price will go lower and lower ; if there are more buyers, the price goes higher and higher. 🚩How can I add this indicator to my chart? 3 steps to add the indicator to your chart: 1. open "prediction and measurement tools" at the left part of chart 2. choose the "Fixed Range Volume Profile" 3. choose the price range from some date till another date. I chose from Dec 10, 2021 till May 6, 2022. So now you can see and mark all areas on your chart. 🏁This indicator helps to identify areas and can suggest stop points or price reversal, but it should be used with different methods. If the market is in a strong rising trend (UPTREND), it is unlikely to be stopped by a local zone of value, but a global zone may stop it. Also, the support zones can be good entry point. Be more tricky than the market and use different tools. You can use the indicator on different timeframes for scalping or swing trading and with different ALTCOINS. Also, pay attention to the volume indicator, trend lines and key levels that I show in my ideas. 💻Please write in the comments if you still have questions about Horizontal volumes! I`ll try to explain you additional tips 🎇 Press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
Editors' picks
Education
by Yuriy_Bishko
54
Series 1 of 2: Can Turtles be Successful Traders Once Again? Flashback: I’m a novice trader in the early 1990’s and I’m hooked. Like most novice traders, I begin to mentally spend my trading profits through visions of exotic cars, mansions and trips to places I cannot pronounce. Two years into trading for my own account, I lost a lot of money. The amounts those losses totaled will remain unmentioned for fear my wife may read this post one day. But in my defense, it was not my fault. That dubious distinction belonged to two men I had never met. Their guilt was undeniable....in my mind. Those men were Richard Dennis and William Eckhardt. You see, in the 1980’s Dennis and Eckhardt decided to hatch an experiment (more on that in a moment). Let’s start with a brief background of these two co-conspirators. Richard Dennis in the 1980’s was regarded as one of, if not the best, traders in the world. You can use the Google machine to read all about these guys, but suffice to say, He was a legend. Dennis started out with a $5,000 account balance, and turned it into a $100 Million. Yeah...you read that right. William Eckhardt was a mathematician, and a trader, who like RN Elliott, developed a thesis of using probabilistic outcomes in commodity pits at the Chicago Merc. I imagine Dennis to be the Trader, and Eckhardt to be the rules-process based mathematician. Although Eckhardt did average just under 20% per year, for over 20 years. That type of consistency is as probabilistic as Dennis’ rocket ride to riches. Ok back to the experiment. Their constant debates regarding their individual trading successes turned into somewhat of a bet/experiment. Dennis believed anyone could be taught to trade for profit successfully, whereas Eckhardt believed that Dennis (in all his success) was unique. That he possessed some sort of superhero DNA for trading. Dennis initially recruited 18 individuals and only spent 2 weeks training them his methods. I’ll let you research all the details of the Turtles but suffice to say in five years they generated an aggregate total of $175 Million in profits. Now, as reasonable reader here on Trading View, I’m sure you can see why I faulted Dennis and Eckhardt for my initial losses. Clearly, I was sold an outcome that had no probability of success in reality. But in all seriousness, I think about those early days from time to time. I think about the audacity of the experiment, and the success story that followed. How inspired I was back then. However, the truth of the matter is these two gentlemen had as much to do with my losses as I had to do with their turtles' successes. ZERO. Nothing...NADA. Therein lies the first rule of trading I learned. Take personal responsibility for your losses. I only say losses because most novice traders are quick to tell stories of their successful trades. It’s the management of losses that make a good trader, not the wins. Yes, I do believe average people can be taught to trade successfully over long periods of time. Trading is hard work. I’m sure there are those out there that will comment and say, look at me, I’m knocking out of the park. My response to those individuals is, I’m truly am happy for you. But to minimize trading success to something that is easy is misleading, and potentially harmful to novice traders who may mentally spend their future easy winnings on exotic cars, mansions and travel. Only to find out the hard way, that what Momma said so many years ago is still true today. THERE ARE NO GET RICH QUICK SCHEMES. Richard Dennis ultimately flamed out and quit trading for the public after losing most of his clients investments in the crash of 1987. So, how can anyone learn to become a successful trader? You need to have the mindset of a Richard Dennis, while simultaneously having the skepticism but academic approach of a William Eckhardt. Part II of this series will be a detailed list of the things that I have learned since my early days being introduced to Dennis and Eckhardt’s teachings and how they have helped me trade for profit. Best to all, Chris
FTX:SOLUSDEducation
by maikisch
13
🔥Why does a bear market make traders rich?🔥 Why does a bear market make traders rich? The answer is very simple. All really rich people can buy any asset at a big discount. In crypto this discount can be up to 80% and sometimes more than 95%. 📊 But why is it a bear market and not a bull market that makes traders rich? A bull market helps active traders (scalpers, swing traders) a lot, especially to quickly build up their capita l if they are trade follow the trend. Also, it`s a good time to study trade and when the real bull market return you will be highly prepared to this! 🚩 While the market is out of trend and certainty, the biggest upside potential for cryptocurrency is at the end of a bear market, as it was in: 2017, 2019, 2020 and possibly now in 2022. Never can crypto give more profit than the one bought at the end of a bull market. For example, Bitcoin at $3200, which rose to $69,000. That's 20x to your deposit. And you just need to buy close to the bottom (green areas). 📊 Which strategy should I use to buy crypto? The best strategy for that is DCA. This strategy helps to get an average buy price over a certain period. That way you won't make the maximum profit, but you won't incur huge drawdown when buying crypto. In the following tutorials I will tell you about the DCA and the advanced DCA used by professionals to buy crypto on the spot. 🔥Also you can check the Greendwhich indicator that help to BUY crypto at the bottom and sell close to the HIGHS. The additional module helps to increase the number of crypto during the bull market growth. ✅ My recommendation is not to buy more than 30% of altcoins on spot because 95% of them will disappear forever after a bear market. ✅ I suggest focusing on buying Bitcoin and the biggest altcoin Ethereum. They should be the biggest part of your portfolio if you want to buy cryptocurrency on spot (long term). 🚩 Write the comments, if you have a question about this topic. Do you agree with this idea or have smonething to add about the highest possible profit? 💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
BITSTAMP:BTCUSDEducation
by Yuriy_Bishko
3
What is liquidity gap? Why there is always pump?🚀 When the bull market start with a good news? It`s always bad news at the beginning of the uptrend: in 2015, 2019, 2020. Always the same situation. And now we a here in 2022 and bad news at the bottom of the market. Push 🚀 if it looks similar to other cycles. In this idea i explain you what is liquidity gap and global situation on BTC. You can identify it using the Volume Profile which is default tool at TradingView. 📊Liquidity gap is an area where the price not stay for the long time and don`t create any levels or order flows. So as you understand there are areas without any liquidity where the traders can set a sl or tp. We can compare it with empty space where is no life or it`s really rare thing. The price break this areas so easy because there are no liquidity and the price: 🔥 have no support if it falls (as it was when BTC fall in a week from $29k to 17k few month ago) 🔥 have no resistance if it growth (as it was at any bull market when the price nreak the ATH and scyrocketing) Now the price of BTC consolidating below such liquidity gap of $24500-29500 and going to break it up after some accumulation. As a rule, the liquidity gap breaking with a pumps because nothing stop them inside this gaps. The top of this gap is a bottom of a huge consolidation channel $29500-69000, so the price can make a pullback after $29500 test. In final, price break this level and continue it`s growth to the previous ATH. Thanks in large part to consolidation at the bottom, where the bulls were able to accumulate enough Bitcoins and are ready to sell them higher and higher. Consolidation is always good for the bulls especially for the biggest one 🐳 📊Why are these white circles marked? It's a bonus for my subscribers. Remember that before the very PUMP you will think everything will fall to zero, and many analysts on the trading view will say that the price has created a bear flag or a wedge etc. At that point, you may be disappointed and afraid to open a trade or sell all your crypto, but that will only be an emotion you should not succumb to. Only if your strategy says so. Keep these words in mind. 🔥 I will open a trade if I will see the large whales orders on DOM and Footprint. These are usually the most profitable trades with a short stop loss and excellent risk to reward. 💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
Education
by Yuriy_Bishko
2
What is an altseason❓What altcoins to BUY❓Altseason is a time when you can increase your deposit by several times in just a couple of weeks. But how to identify why and when the altseason starts, what is domination and what altcoins to buy? We will talk about that in this educational idea. 📊 What is an altseason? Altseason is a period in the cryptocurrency market when altcoins grow by 50-100% or more in a few weeks. 📊 When does the altseason start? Typically, the altseason happens when Bitcoin: 🔥 is in consolidation, i.e. trades in the same price range for a long time or 1-1,5 month after it 🔥 renewed it`s ATH ($20k in 2017, $69k in 2021, etc.) 🔥 starts it`s correction close to ATH or when BTC has already reached its new all-time highs before bear market 🚩 In this example I have compared Bitcoin and Ethereum. Ethereum is the largest and most famous altcoin. If you want to understand what will happen with altcoins, look at Ethereum. On the chart you can see the altseasons and how much more percent Ethereum is growing than Bitcoin: 1️⃣ BTC +32% vs ETH +136% 2️⃣ BTC +40% vs ETH +70% 3️⃣ BTC -15% vs ETH +170% for the same period 🚩 There are the altseasons. 📊 Why should you pay attention to Bitcoin and Ethereum? 99% of altcoins follow Bitcoin. When Bitcoin is in a bear market, all altcoins fall except the popular ones at the time. For example, like GMT in its day. When Bitcoin is rising, all altcoins are rising. When Ethereum rises in pair with Bitcoin (ETH/BTC), all other altcoins rise. This is especially common when Bitcoin begins its first correction after reaching its all-time highs and a bear market begins. 📊 Why does an altseason happen? The main reason for an altseason is the outflow of money from Bitcoin and its flow into altcoins. The second reason is the desire to make as much money as possible. Especially this huge desire has retail traders and newcomers who have just come on the highs of the crypto market. They sell their Bitcoins and use the money to buy altcoins, which grow by 100% or more in a few weeks. 🚩 Of course, Bitcoin has a much larger capitalisation and cannot grow that fast, but altcoins with a capitalisation of up to 1 billion grow very quickly. ✅ As a consequence, Bitcoin's Domination falls. Dominance is a measure that shows the ratio of the worth of all Bitcoins to the total worth of the crypto market (the capitalisation of the entire crypto market). If Bitcoin Dominance is 40%, it means that 60% of the remaining money is in altcoins. A rise in Dominance to 50% means that Bitcoin has equalised in value to all other altcoins combined. Many people think that Domination helps determine the altcoin season, but this index only shows the fact✅of the flow and predicting that money from Bitcoin will start flowing into altcoins at a certain point using Domination is quite difficult. 📊 What altcoins to buy before the alt season has started? Friends, how to predict that AXS will grow by 130x or meme lord Elon Musk will start pamping exactly meme coins? It's almost like a lottery, that's why I recommend you to choose altcoins from different categories and buy them in equal parts: DeFi, Game-Fi, Exchange and wallet tokens etc. Equal capital allocation will ensure that you don't miss out on any kind of altcoin growth. From practice, this is the most correct way. And what ways to buy altcoins do you know? Share in the comments. 🔥 Most likely, the next BIG altseason will start after Bitcoin renews its all-time highs. In the current market situation, that could happen within 6-12 months. Traders, was this article about the altseason useful to you? Write your opinion in the comments. 💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
Education
by Yuriy_Bishko
5
Explanation | the US Federal Reserve conference is of great impoAt the Jackson Hole conference, financial markets will keenly watch if US Fed chair Jerome Powell mentions the word taper in his speech and whether US Treasury Secretary Janet Yellen has anything to say on the interlinkages between fiscal and monetary policy The financial media and markets will be buzzing for the next few weeks over the Jackson Hole conference. It is an important economics conference hosted by the Kansas City Fed, one of the 12 regional Federal Reserves created by the United States government. There is a history of important policy decisions unveiled at the Jackson Hole conference with implications for world markets. Here’s a lowdown. What is the Jackson Hole? In 1978, Kansas City Fed started organising an economics conference, and in 1982 moved the conference location to a valley named Jackson Hole (JH) in the Wyoming state. The annual conference has been held in the last days of August for quite some time now. What is the history behind it? Jackson Hole started as any other economics conference. The first four conferences were on agriculture, given the importance of the sector in this part of the US. In 1982, it organised the first conference on the monetary policy theme titled ‘Monetary Policy Issues in the 1980s’. The 1982 conference was attended by then Federal Reserve Chair Paul Volcker, which set a precedent of sorts as most subsequent conferences were attended by the Fed chairpersons/senior officials. In 1982, the conference was attended by eminent macroeconomists and monetary policy scholars such as James Tobin (Nobel Prize in 1985), John Taylor (of Taylor Rule), William Poole (who became head of San Francisco Fed later), and so on. In 1989, then Fed chair Alan Greenspan also made a speech at the conference. This added to its aura as now it was not just about the attendance of the US Fed chair but also about the remarks/speeches at the conference. As linkages between monetary policy and financial markets deepened post-1990s, market participants started tracking the Fed chair’s remarks to figure the direction of the monetary policy. Since 1982, the conference has been held 41 times including the 2021 edition. The theme has usually been around macroeconomics, monetary policy, long-term growth and policy, including the 2021 theme on ‘Macroeconomic Policy in an Uneven Economy’. In 1990, the conference on ‘Monetary Policy Issues in the 1990's’ had representations from the erstwhile USSR, Czechoslovakia and Yugoslavia, and Bulgaria. Gradually, the forum was attended by governors and central bankers from major advanced economies in Europe and Asia. This led to the financial markets in these respective economies tracking speeches and remarks from both global central bankers and representatives of their country’s central banks. What makes Jackson Hole so special? In many cases, it sets the agenda for monetary policy and shaped star economists. The 1996 edition raised the importance of price stability. The 1999 edition highlighted the interaction of monetary policy with asset markets. The 2005 edition was a swansong for Greenspan where his policies were praised only to be tarnished during the 2008 crisis. The 2007 edition focused on housing and monetary policy where chair Ben Bernanke expressed confidence that the subprime housing markets are unlikely to lead to a crisis only to be proven wrong a year later. The 2008 crisis led to increased attention on financial stability which was the theme in both the 2008 and 2009 editions. In recent years as monetary policy has struggled to elevate inflation to the 2 percent target (for the US), there have been discussions on unconventional monetary policy (2013), designing resilient monetary policy frameworks (2016), monetary policy challenges in the next decade (both 2010 and 2020). In 2020, Fed chair Jerome Powell released a new monetary policy framework named Average Inflation targeting which has become a major discussion point amidst the central banking research community. The conference even catapulted the careers of economists. The name that comes to mind is that of Raghuram Rajan who had questioned the financial market developments in the Greenspan swansong edition in 2005. Rajan was dubbed a ‘luddite’ then but had the last laugh as the 2008 financial crisis engulfed the world economy. What should we expect from the 2021 edition? The theme of the 2021 conference is ‘Macroeconomic Policy in an Uneven Economy’. The global economy has been highly uneven due to the pandemic shock with rising inflation amidst stagnant growth prospects. Conference watchers will keenly follow this edition as it is expected to be attended by US Treasury Secretary Janet Yellen, and Powell. This is rare as usually, the treasury secretaries do not attend the conference. Yellen is no stranger to Jackson Hole as she was the chairperson before Powell, and has been a chief speaker at the conference. If both attend and speak, it will be interesting as both the guardians of fiscal policy (Treasury) and monetary policy (Federal Reserve) will get together to provide solutions to the uneven economy. They have to answer some big questions facing the US economy which will also impact the world economy. The foremost question is whether the fiscal and monetary stimulus will continue to remain in the US economy, and for how long. The financial markets in emerging markets will see if Powell mentions the word taper in his speech and whether Yellen has anything to say on the interlinkages between fiscal and monetary policy.
Education
by DanilBlinkov
1
Trader📈 VS Gambler🎲: who are you?Press the "like"👍 button if you find yourself at this charts. Hi friends! Today i`ll give you 5 simple advice how to improve your trading results if you are beginner. But first of all we have to identify who you are in trading. 📊Who is a gambler? A gambler is a person in the financial markets who: 1️⃣ does not control his/her risks and can use leverage without thinking about losing capital 2️⃣ trades mainly on info occasions (someone said something somewhere in Tweeter or Reddit) 3️⃣ does not have his/her own trading strategy and style 4️⃣ wants to make money and lambo as famous influencer here and now, without even knowing how to calculate the size of the position or the ability to determine the market trend 🚩Why is gambling so dangerous? Once you have earned a lot of money and of course lose it, the gambler is trying to win back, losing more and more money. This is a condition of excessive greed. 📊Who is a trader? A trader is a person who earns by buying cryptocurrency cheaper and selling it higher (long), or by selling it higher and buying it lower (short). 🚩Why a trader can make money, but a gambler can't? The trader follows these rules: 1️⃣ knows his/her trading style and 2️⃣ knows WHEN and WHY he/she buys or sells cryptocurrencies, which means he/she has a working trading strategy 3️⃣ is not afraid to miss opportunities, because he knows that the market gives them all the time 4️⃣ gradually increases deposit and increases the size of trades step by step 5️⃣ asks more experienced traders for advice, because he wants to avoid making the same mistakes and saves his time for trading 🔥The trader grows gradually, step by step, he is interested in new approaches, adapts to the market. If you are reading this idea now, it means that you really want to improve your trading skills and you are probably not a gambler. ✅How can you switch from gambling to trading mode? It's very simple if you start to follow the trader's points: 1️⃣ Define your trading style. Who are you: a scalper, a swing or a position trader? Try different styles and understand how you trade comfortably, which one gives you more pleasure and results. Don't forget about these 2 points. 2️⃣ Create or borrow a trading strategy that suits your trading style. 📈 If you don't know how to determine your trading style and where you can get free trading strategy, leave the comment or DM. I'll give you some advice. 3️⃣ Start trading with a small deposit . This will save you from possible losses due to inexperience, but it is worth to try. For example, use $50-100 or a demo account. If you can't make money with $100, how can you make money using $10,000? 4️⃣ Get in touch with newbies like you and share your trades. This is what our community of more than 800 traders with different trading level allows you to do, either share your ideas in comments on trading view or post your ideas and test their success over time. 🚩Of course, perfect trading only happens in a picture. Catching a stop loss because of your own mistake is a common thing both for an advanced trader and a beginner, but you have to work on your mistakes. 1 out of the 5 lessons in my mini-course is about typical trader's mistakes and how to fix them. Enjoy it!✅ Traders, what would you add to the traders` list to improve trading skills? Let`s discuss in the comments. 💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
Education
by Yuriy_Bishko
10
📊Bitcoin HIDEN pattern!Every pattern in trading is created by someone. Why not be the author of the pattern? If you see a succesfull price pattern, you can make a backtest and use it in your trading strategy. In this idea i`ll show you some BTC pattern which the crypto follow for 4-5 years. This pattern is very simple. After the consolidation the price break the range and fell. After dumpo for 50-60% which is liquidated all margin long traders the price continue it`s rise for XXX%. The key thing is the consolidation for 5-12 months. Consolidation is the price movement is the range. Price can consolidate not only inside the patterns as it shown on the chart (channel, triangle, etc.), but just inside the price range $10-12k, $18-22k etc. How does consolidation happen? Consolidation in the price range appears because of the uncertainty of traders in which direction the price will go. When there is conditionally 50% of long traders and 50% of short traders in the market, the price can move only in a narrow range due to uncertainty. What happens when price breaks through a consolidation? For an example of consolidation, let's imagine that price is a spring. The harder the spring is compressed, the more it bounces back. When the price breaks through the consolidation, it contracts like a "spring" and most often falls by 40-50%, as you can see on the chart. After such a huge drop and the liquidation of all long traders, price bounces up. Since most long traders became fuel for the fall, now the short traders who wanted to make money on the fall become fuel for the growth. Now it`s the same! Is the BTC reach the bottom and can start the growth? A lot of traders expect the DUMP to 12-14k and as we know everyone can`t earn, only prepared one. What the price mark will be the bottom for BTC? Or BTC already there? Leave your thoughts on it in the comments! 💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
Education
by Yuriy_Bishko
12
🚩How to identify the bottom and BUY the crypto in time? 3 tips!🌟How to BUY crypto in time and with the possible highest RETURN? The correct answer is during the capitulations. 🎯Capitulation is when even patient and experienced traders start to panic, but this is the opportunity time (Jan 2015, Nov 2018, Mar 2020, May 2021). 🔶How to buy crypto during the capitulations? Use the dollar cost average (DCA) strategy. This strategy allows you to buy crypto by parts without risking all of your capital. 🔶How to use DCA strategy? This strategy helps to average the BUY price. You can only sell at the top and buy at the bottom by accident. In real life, this strategy helps to average the buy price of a crypto. For example, back in 2019, you bought Bitcoin 3 times at $3,000, $4,000, and $5,000. The average purchase price in this case is $4,000. If the price go lower, you would average the price, if it rose, you already bought at a good price. Also, you can BUY at the weekly candle close during the capitulions. It is important to use the equal parts of the capital to buy (1/10, 1/20 etc.). Another simple example is shown on the chart😉 🔶How you can identify a capitulation? 1. Look at the volumes and record liquidations as shown on the chart. The liquidation of 50-100k Bitcoins is the best indicator. 2. Look at the percentage of drop from the highs. Historically, a price drop by 65-80% has been the bottom of the market. 3. Use the indicators that show the bottom of the market. Read this idea about the 🔋Greenwich indicator. It shows both the top and bottom of the market. So when BUY signals (green diamonds) appear, you can use this indicator to buy crypto by parts. 🔶Why does the DCA strategy work? Bitcoin, like U.S. stock markets, is in a long-term Uptrend. After buying Bitcoin in 2017 at its ATH ($18-19k), investors are now still at +100% profit. And as long as this trend is not broken this strategy will work. For example, the U.S. stock market has been in uptrend for over 80-90 years. 💻Please write in the comments if you still have questions about the DCA strategy or how else you can identify the bottom. What methods do you use for that? 🎇 Press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
BITSTAMP:BTCUSDEducation
by Yuriy_Bishko
33
BTC: Real Life mirror level trading! Tutorial for Beginners!💡A mirror level is a level that price tests as support and resistance several times. It helps to open long or short trades on a test of the level. Usually the mirror levels are numbers like 100, 1000, 50,000, which traders pay attention to. It can also be previous ATHs, important global levels that can be easily identified. Price bounces off of them because a large number of traders pay attention to it. I have marked 2 global mirror levels for you: 1. $10101 2. $41950 On the chart I have marked tests of these levels. Also, on the chart you can see several short (+63%) and long (+59.7%) trades. Now I give you 2 tips on how to open a trade using the mirror level: 🔶open a trade with a pending stop order. When the price is testing the level as support you can put a stop order to buy, and when it's resistance you can put a stop order to sell 🔶open the trade after the close of the candle. Once you are sure that the level has held the price as support or resistance you can open a trade 📑Based on the statistics, you can see that longs are more profitable. This is because Bitcoin and cryptocurrencies are growing 80% of the time. But you can calculate the statistics by yourself and consolidate your new knowledge! 🎓Also you can read the basic desription about Real Life channel trading in this educational idea! ✉Friends, if you still have questions about using the mirror level, write the comments or to the DM! Press the "like"💟 button and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
Education
by Yuriy_Bishko
6
BTC: identified the bottom with VOLUME PROFILE! How to use it? As we expected, Bitcoin tested the $37800-39600 zone. But how could you predict this? You have to use the volume profile. A volume profile is close to horizontal volumes (bottom panel), but using them, you can indicate: 1. value areas(support and resistance) 2. liquidity gaps This indicator is easy to apply, it is in the left sidebar in the "Prediction and Measurement Tools". You can use it to indicate the value zones in ANY crypto/stocks/currency. Why does it work? The volume profile is a real value data and that's why the price reacts to it most of the time. Similarly, you can use the DOM and Footprint in real time to track the value zones and reversal points for price. If you have questions about it, write in comments or to the DM! Right now we expect an upward move on Bitcoin: 1. The price has started to squeeze under the $41400-42700 value zone, which shows buyer strength. 2. Volumes have also increased. BIG VOLUMES=BIG PLAYERS. 3. Short traders who opened trades on the fall will be the FUEL for the upward movement. Friends, press the "like" button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
Education
by Yuriy_Bishko
8
BTCvsS&P500! Is volatility the key to SUCCESS?Bitcoin versus the S&P500! Why is volatility so important? Volatility is always an opportunity for the trader and investor. But what is it? Volatility is the ability of price to change in % over a period of time. Buying Bitcoin and the S&P500 at the same time close to the lows you would earn +$400 and the S&P500 +$130. The same with short positions. Volatility helps a trader to earn more! The price of Bitcoin has been very dependent on the S&P500 lately. Bitcoin is down by 52% from its ATH and up by 47%. The S&P500 is down by 14.6% and up by 13%. Why such different changes in price and how to make money on it? It's all very simple! The total value (capitalization) of the S&P500 is about $40 trillion. The value of all Bitcoins is about $0.9 trillion. Let's imagine that the S&P500 and Bitcoin gained +1 trillion dollars to their value. The S&P500 price would rise by +2.4% ($41 billion) and Bitcoin by more than 100% ($1.9 billion). I have been in trading for a very long time and I can tell you that your INCOME depend on your skills. If you have a trading strategy, use trading tools, money management and risk management, you can earn more. Friends, if you still have questions, leave a comment or write to DM! Friends, press the "like" button and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
Education
by Yuriy_Bishko
4
An NFT ManualHello, Let us talk about 'NFT.' In this post, we will read about NFTs, where to find them, and how to buy them. Furthermore, what are they really? Indeed we have all read this sentence since this is the first thing that comes up when we Google NFT: "A non-fungible token is a non-interchangeable unit of data stored on a blockchain, a form of digital ledger, that can be sold and traded. Types of NFT data units may be associated with digital files such as photos, videos, and audio." Well, it is not wrong. It is a non-fungible token that can be traded. They are mainly formed in 2D and 3D art forms. You can profit from hundreds to thousands of dollars by buying and selling NFTs. However, you need to be careful because there are too many scams out there. Many people get hacked, phished, or follow bad projects and lose their money. Before answering the most FAQs, have in mind that NFTs can be built on many blockchains, traded on many platforms, and bought with different types of cryptocurrencies. However, we will focus on the main, primarily used methods in this post. Where should we find NFT projects? Twitter, Instagram, and public/private chat rooms provide this information. Nevertheless, Twitter is where it all happens. All NFT projects advertise on Twitter, and we can see by the number of their followers, likes, and comments, how genuine their community is and if it is a worthy project or not. Where can we get access to mint/buy? Once we find our desired project, we should find them on discord and join their server. Different projects have different methods to White-List us to get us early access to mint/buy. Some require invites, some require being active and being helpful to their community, and some have their own unique rules. Once we get past those requirements, we will be White-Listed to mint earlier than other people. Where does it all happen? Mostly on Opensea. When we buy or mint an NFT, we need to list it to trade it or sell it again. That is when we need to pay Opensea for making a listing. Then we can list our NFTs on that listing and either take offers or set a fixed price for them. What wallet do we need? MetaMask is the wallet that is being mainly used in order to buy or mint NFTs. It is a safe wallet, and we can easily create one for free without identification. What browser should we use? Yes, Safari for Mac users and Chrome/Edge for Windows users is the preference we are familiar with. However, when talking about NFTs and MetaMask and much money, we need to switch to something safer and more compatible. Brave Browser is the one for this use. It also provides its own wallet, but we can always connect our MetaMask. What is minting? Most simply: When we decide to buy an NFT, we have to produce it, validate it into existence, create a new block for it, and set its information. Do not worry, it all happens automatically, we only need to pay the Gas fees. Important tips: Turn your DMs off on Discord. Do NOT connect your wallets to unknown websites. Use Brave Browser. Have you ever traded NFTs? What do you think the pros and cons are? Let us know your ideas. Good luck.
Education
by ShawnMCR
6
An NFT ManualHello, Let us talk about 'NFT.' In this post, we will read about NFTs, where to find them, and how to buy them. Furthermore, what are they really? Indeed we have all read this sentence since this is the first thing that comes up when we Google NFT: "A non-fungible token is a non-interchangeable unit of data stored on a blockchain, a form of digital ledger, that can be sold and traded. Types of NFT data units may be associated with digital files such as photos, videos, and audio." Well, it is not wrong. It is a non-fungible token that can be traded. They are mainly formed in 2D and 3D art forms. You can profit from hundreds to thousands of dollars by buying and selling NFTs. However, you need to be careful because there are too many scams out there. Many people get hacked, phished, or follow bad projects and lose their money. Before answering the most FAQs, have in mind that NFTs can be built on many blockchains, traded on many platforms, and bought with different types of cryptocurrencies. However, we will focus on the main, primarily used methods in this post. Where should we find NFT projects? Twitter, Instagram, and public/private chat rooms provide this information. Nevertheless, Twitter is where it all happens. All NFT projects advertise on Twitter, and we can see by the number of their followers, likes, and comments, how genuine their community is and if it is a worthy project or not. Where can we get access to mint/buy? Once we find our desired project, we should find them on discord and join their server. Different projects have different methods to White-List us to get us early access to mint/buy. Some require invites, some require being active and being helpful to their community, and some have their own unique rules. Once we get past those requirements, we will be White-Listed to mint earlier than other people. Where does it all happen? Mostly on Opensea. When we buy or mint an NFT, we need to list it to trade it or sell it again. That is when we need to pay Opensea for making a listing. Then we can list our NFTs on that listing and either take offers or set a fixed price for them. What wallet do we need? MetaMask is the wallet that is being mainly used in order to buy or mint NFTs. It is a safe wallet, and we can easily create one for free without identification. What browser should we use? Yes, Safari for Mac users and Chrome/Edge for Windows users is the preference we are familiar with. However, when talking about NFTs and MetaMask and much money, we need to switch to something safer and more compatible. Brave Browser is the one for this use. It also provides its own wallet, but we can always connect our MetaMask. What is minting? Most simply: When we decide to buy an NFT, we have to produce it, validate it into existence, create a new block for it, and set its information. Do not worry, it all happens automatically, we only need to pay the Gas fees. Important tips: Turn your DMs off on Discord. Do NOT connect your wallets to unknown websites. Use Brave Browser. Have you ever traded NFTs? What do you think the pros and cons are? Let us know your ideas. Good luck.
BITSTAMP:BTCUSDEducation
by ShawnMCR
16
Crypto NotesHi traders! I did not plan to make this post but as Crypto markets are currently falling I will share some of my Crypto notes that have helped me to navigate in Cryptoverse. Side note: This is not the only way how to trade Crypto markets. Sharing just some information. Eventually every trader have it's own methods and beliefs. Being early is a great advantage in Crypto If you want to discover good projects early that have high potential then some work is needed to put into research. Nowadays there are so many projects (not only BTC & ETH) and it may feel sometimes overwhelming. Good way is to focus on some specific sectors - this will help to set some boundaries. Of course these sectors (or new trends) can change as we are dealing with fastly moving technology. If you find something and are able to get in early then it means an entry with low price. When project is successful you will make X multiple gains (you can replace X with any number you like). But research is only one part of the work - trade management is also needed. Of course being early has its own risks - at the beginning there is a lot of uncertainty and not all projects are going to succeed. Trader will have greater earnings potential but also greater risk of failure (compared with mature projects). Everything is in balance. I personally feel quite comfortable being early - that's why I also like to invest into startups. I value high earnings potential more than risk of being wrong. Being early gives me some sort of price protection or margin of safety ( check concept 'Margin of Safety' from book "Intelligent Investor - Benjamin Graham" ). This will allow me to deal with volatile price swings more easily. I guess it's just like my personal trait. If you don't feel that way then it is perfectly fine. As I said earlier, you can be successful with different strategies. Just find out what style suits you best. Scale In & Scale Out As I have longer view with my Crypto holdings I like to scale in with my buying. For me good entry points are after selloffs - as long as I have a belief that general market structure has not changed. I have my core positions that I will plan to hold for years but I also have other positions that I am willing to sell. I try to scale out from those positions when market is rising to lock in some profit. Doing that will allow me to put some money aside and have gunpowder to buy more after selloffs or fund new early stage projects. This takes some practicing because sometimes market rises so nicely that trader feels like there is no point to sell until whole market is down ... It is hard to predict those events and that's why I prefer to scale out. I try to play the long-term game and I don't have to do all my buying or selling with one trade. Liquidity Planning Basically I will ride all the ups and downs (hold strategy) with my core positions but scale out (trading) from other positions. Then I have always some reserve to add more during selloffs or to fund new projects. I try to plan ahead how much reserve money I need and make myself available to as many opportunities as possible. For long time I underestimated Liquidity Planning's importance and that has caused me to sell many positions too early (or when conditions were not most favorable) - simply because I did not led my cash flows. I thought that I just 'flow' and find money when opportunities lie in front of me. Final thoughts about Crypto markets - as Crypto is going more mainstream every year and probably there are some new market participants who have never experienced this kind of selloff then just relax - this is not the first and not the last market selloff. Remember - usually when fear is greatest there are also some good opportunities. People tend to forget that and only focus on risks. If some mistakes were made during previous leg up then now is good time to learn and plan ahead. That's how we evolve as traders and humans :) Thank you and enjoy your trading :)
Education
by Laurentsius
4