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⚠️ HOW TO LOSE your money in a day? ⚠️Hey guys, I know I've made a chart like this before, but this version is more complete. We all see too many people having the satisfaction of losing their money every day and sometimes it happens to us too. I think it's best if we share with other people how it's done. There are 10 effective and original ways to do this: 1. Panic Sell: This one is a classic. They say "10 years in the forex & stock market is 1 day in the cryptocurrency market". That's because this market has too many changes in a short time. Bitcoin literally can pump or drop more than thousands of dollars in 5 minutes, and that's when people start the Panic Sell. They start to think: what if it drops even more? What if it touches ATH now that I opened my short position? Well, that doesn't necessarily happen all the time. Currencies like Bitcoin have large price ranges and every single move might look like a big thing. But it isn't! 2. FOMO Buy: Classic #2! OMG, this new coin just pumped ten times! Ethereum is pumping. What if it reaches 10K? Cardano passed $2. I should get a ton of it and sell around $2000! Bitcoin is going to reach 1 million dollars this weekend! If something pumped so high that it got your attention, don't you think it's a bit late already? (I think I made my point here) 3. Don't use Stop Loss We all know how it feels waking up to see that the market touched our Stop Loss and pump right back up. Using Stop Loss is very important if you want to protect your assets. If you're willing to protect your positions then you should learn how to play with them, control the risk, know the dangerous zones, be aware of the price range. If your coin's value is dropping under the predicted area, using SL isn't a bad idea! If you're a true player, then you can recover in no time. 4. Use high leverages I WANT THAT 50 THOUSAND DOLLARS RIGHT NOW! I'll just set my leverage to 125x. I'm sure Binance won't mind it! Guys... The safest leverage amounts are 20x or below. If you can't afford to lose the money you shouldn't open a position with more than 20x. Give that price range a little room to breathe. People who are more confident about their forecast and predictions use higher than 20x up to 75x or even 100x! The higher the leverage, the more risk you put your portfolio at. 5. Buy new hype coins I love this one! I see it every day. That CEO launched a coin. This CTO made a spite coin. That guy with a big Twitter account mentioned this name. That coin is named after a dog... I LOVE DOGS! PEOPLE! This is your money we're talking about...! You worked hard for that money, right? Who's to say if these rummers are real? Why would a hype coin overtake Ethereum just because someone tweeted about it? There are better ways to lose your money. Please don't use this one! 6. Get greedy Classic #3. I earned 20%... now it's 32%, should I close it? What if it goes even higher? What if I close my position now and it goes up to 500%? That's when we keep our positions open and then after 5 minutes, we are down 20%. Sounds familiar? 7. Draw meaningless lines on a chart You open TradingView and WOW, hundreds of charts about different coins with random lines on them. That's easy, right? I bet we all can do it. Se let's open a chart and then draw as we want... connect the dots? Make a Triangle? A Head and Shoulders on a '5 minutes' chart? I'm sure that predicts the market. Guys, we can't just paint around on charts... there are rules, there are actual patterns. Check this as an example: There are more than 50 good patterns that can be used to predict the market in different time ranges. So that's it... Draw your favorite lines and predict the price AS YOU WANT IT TO BE, and lose a little money here too. 8. Don't use Fibonacci I'm sure too many experts won't agree with this. But Fibonacci can help Futures traders a lot. You can just put it in the right time range and use it to find the key resistance and support levels. This method is amazing if you want to study a coin before entering for short-term trades. If you don't, you might end up doing a FOMO Buy or Panic Sell, which helps you lose even more. 9. Believe that you are the smartest person in the room All I'm saying is that some people do NOT let other ideas come in. They have a confidence level is amazing. Well, that's not a bad thing, but at least listening to what other people have to say might be a good idea. Maybe they're playing the right card with a different perspective we can't see. 10. It's your turn. Complete the list. Tell us about all the other ways you know... Share your experiences. Thank you for your attention.
Education
by ShawnMCR
31
ECT paving the way for DASH to $5600 I love finding leaders and lagers and this seems like a perfect example. Its easy to see the similarities in these charts- they're not exactly the same but wow are they close. The last time I noticed something like this BTC had just hit 20k while ETH was still at $500 (see below). Just like BTC was leading the way then; it looks like ECT might be leading DASH (& others) now. The ball's in your court. There are a few way to tackle this trade; Entry 1: here $125 - $131 Stop 1: tight $124.5 or loose $120 depending on how aggressive you want to be Entry 2: on retest of breakout Stop 2: below the retest pivot Entry 3: on a test of the lower trend line Stop 3: below the pivot at the trend line or on the break and close below trend line Entry 4: on retest of breakout Stop 4: below the retest pivot Target for all of the above at your own discretion. I'm treating this as an entry for a longer term position; so I'm holding it for much higher prices. Trade ideas: BTC leading ETH: Never Trust. Verify. D.Y.O.R . Not Financial Advice, this is my trading journal. Always remember: Technical Analysis is not about being right, it's about increasing your odds. Be prepared to be wrong. Risk management is key . Capital preservation above all else.
BINANCE:DASHUSDLong
by TribeWriter666
26
Bitcoin at $33,500 - buying the dip on 2hr EMA supportLove the converging triangle. Given how weak the USD is getting, anyone with USD should change FIAT and if you can't find any good ones, Bitcoin at $33,500 is a safe heaven of value. The Feds and tax man won't touch BTC because it's trackable. Toxic coins, anti-government coins like tether and monero is where the manhunts are for tax evaders and other bad actors. All abord BTC at $33,500 as we wind up for the next leg. Looks like the negative news is washing out? We might dip to sub $30K for a stop loss raid because you can bet that central financial banksters in non-traditional countries are accumulating real Bitcoin, not the BS "trading vehicule" paper Bitcoin likely being use to bring down the prices as they do with metals and commodities. Love the Fed and Banksters. If you can't fight them, join them! Thanks for the cheap crypto coins boys! Keep it up, there's no other option really? Comments always welcome.
BINANCE:BTCUSD.PLong
by UnknownUnicorn2413721
DOGE W/ $1 & $2 FIB PROJECTIONSI created this chart using a fib retracement of DOGE lowest lows to most current highs to give comparison to DOGE with a fib retracement from lowest lows to both $1 and $2. I am self taught when it comes to charts so this could be a wrong way in doing things but given how the fib scale works, i dont see why we cant make charts with potential lines of support ie in this case, if we expect doge to inevitably (hopefully) get to $1, than we should be able to see the potential lines of support and resistance to get it there.
BITTREX:DOGEUSDLong
by contactreignen
BTC TIME UPDATE - THE FIRST COFEE TIME TARGET CONFIRMED! ITS...Hello trading friends, This is a timely update for BTCUSDT For the targets to goal 36K Those not did read the before update about the goal 36K target check this below The first target hit since 33000 update, and it's on confirmation trend for the next coffee time target The targets to the goal 36k + -33637 First target ( Hit and re-confirmation on it for the next target) - 33980 Second Target - on processing - 34867 3TH Target - 35285 4TH Target - 36300 5Th Target Bitcoin can go into lines and it can show a slow trend or a return trend between entry and R lines. we know it's not the best time to trade - but when the whale breakout started there will be a large change in the trend than chart prices will move faster than the most did expect with these last 2 days. Have a great trading time ASIA MARKET. and we are on our market show goal to 36K. # let's see what this weekend the market will show it can become the increasing weekend for a long time. If you like the idea follow, and like for more live content. Thank you
BLong
by watchtrend
8