Influencers and trading Today I want to make a post about influencers and the crypto market.
The most important thing for you to understand is that no one, absolutely no one can know the future. People who share ideas on any social media are ordinary people who analyze the market just like you. The only difference is they post it on social media.
No one anywhere ever says and has never said that these people know more than you. A person who has 20 followers on X can have more correct ideas than someone who has 100,000 followers. And that's normal.
You also don't need to listen to and believe everything that world magazines, excerpts and analysts tell you. Big hedge funds with billions in their accounts make wrong predictions and that's okay. It is important that at the distance you are in profit and not loss. This applies to both the investment portfolio and daily trades.
Remember, all responsibility for YOUR money always belongs to YOU. All the actions you take or not take on the market, you do by yourself by pressing the buy or sell buttons or dont touching any button. If you give your funds to someone in trust management, it is only YOUR personal choice. If you follow and copy some trades of an influencer in copy trading, it is YOUR personal choice. No one is forcing you to follow anyone at all, copy their deals, or follow any signals. There is always a 50/50 probability of price movement in the market. All responsibility for your profit or your loss on YOU.
Influencers are ordinary people who run their own blogs where they share ideas, to someone these ideas may be close to someone not, this does not mean that this ideas is bad or good. A person is simply sharing his ideas. No one is forcing you to watch videos or subscribe to channels or any accounts. All people can make correct and incorrect predictions by analyzing the market. The only question here is whether you have your own plan or not, because most likely the influencer has a plan for any result in the market. And he knows what he will do if the market goes down or up. If, after seeing an idea, you are not ready for a completely different scenario, this is your personal problem. Social media is free and people launch blog about training, cooking, painting, they share their experiences and ideas, so do traders share their experiences and ideas.
No one influencer owes YOU anything. This is a person who runs his own blog, because social networks are a place to express his thoughts and ideas. If the influencer makes the correct forecast, he is well done, if not, everyone starts laughing at him. Everyone makes correct predictions and incorrect ones. This is normal. At least the influencer has his vision of the market, and if you don't have it at all, then the only loser in the market is you, because you don't know how to analyze the market at all, you don't know how to do it, and you watch dozens of bloggers to find out the Graal. I also noticed such a thing, if the forecast is correct and the idea worked, someone made money, for some reason no one writes the blogger, thank you for the idea, let me share % of the earnings with you, but if the idea turned out to be wrong, everyone blames the blogger for allegedly losing money because of him. This is the stupid nature of people who are always looking for people to blame for their mistakes in everything. No one owes you anything on the market. All your victories and defeats are solely your responsibility.
Which influencers should definitely be avoided . Just an entertaining type of content where you are shown that trading is easy, no it is not easy. Trading is a profession and requires knowledge, skills, experience and daily analysis and work with oneself in terms of psychology. If an influencer simply posts every day “write 10 altcoins to buy now” “what you can buy $10,000 now shill me your tokens” this is just content for engagement. Many influencers earn more from referral links than from trading itself. Many exchanges offer conditions where traders conditionally trade with virtual funds and show their phenomenal trends, but these are not real funds, but simply luring new users to the platform, where the influencer will receive a % of each of your trades, whether it is successful or losing. It is good to be a partner with exchanges, because an influencer can help in case of blocking someone's account, can directly contact a representative of the exchange, help someone from the subscribers, has access to discounts and promotions on exchanges that give bonuses. It is important to understand that you do not need to follow a blogger just because he promises you some super discounts. It is not necessary to trust 100% of funds and believe in signal groups even if it is a free group. A person can simply give signals and they will be either true or false. All responsibility lies with YOU anyway. No need to pay for signal groups, no one is going to make YOU rich for $200 a month waiting for some signals. Do not be fooled by promises that in 2 weeks you will be able to trade in a profit. Avoid influencers who constantly send you some new tokens, always check the information yourself and do your own analysis. Very often, when a new token is created, an amount of money is allocated for marketing and scam projects pay influencers to advertise the token. It is possible that the influencer himself does not know the plans of the team, but be respectful and work on the power of the research in the future.
Influencers and courses - The most valuable resource in life is time. There is no information in the world that you will not find in the public domain - this is a fact (well, we do not take various inside stories, very large connections, etc.). However, how long will it take you to obtain this information, find everything you need, gain experience, etc.
I haven’t seen people who learn English from open sources; most go to a tutor. For what? You can open the Internet and learn a new language yourself.
If a person values his time, he goes to study with a professional. Some may not succeed, some may not have two free years to fully study crypt, etc.
Friends, it is normal to learn something. Buying training and courses if they are individual and personal is normal. But here, each person has his own approach. It’s easier for someone to learn everything on their own (for me its easier because I love learning something new by my own) , or it’s easier to learn information from a teacher, or it’s better to learn from books, or it’s better to learn from video lessons. Some need to take training offline, some need individual classes, and some need group classes.
Before you buy any training again, analyze why you are buying it, what YOU need it for, and think about who you would like to get trained with. Now everyone want to be a coach so double check what courses you looking to join.
Indicators . The indicators are a tool and not a charming money button. Standard tools and original products such as writing code, focusing on evidence and analytics. Indicators are the greatest additional tool for a trader because indicators can analyze data on different time frames in real time, providing more information for analysis and decision-making. The indicators does not carry the emotion of, they just show a picture of what is going on in the market now. The indicator cannot predict a new posts in media that can appear at any moment, the indicators cannot predict what Jerome Powell or Elon Musk will say in twitter next moment, the indicator is an excellent tool that you can successfully integrate into your trading strategy. On backtest you can find more confirmation from the indicators of your trading strategy and significantly improve the success of your trading. It show you wider picture and data to confirm or deny your technical analysis. Therefore, with proper use of indicators, they will become your reliable assistant, if not a charmer.
The deposit amount is yours and that of the influencer. Don’t think that an influencer posts great PNL and great earnings numbers, he trades better than you, or know something better than you 100%. You can simply buy a token at an early stage and earn your first capital. Main thing is not the size of the deposit, but discipline and trading at a distance. There is a lot of stories when people bought for example by luck or randomly Shiba Inu or Pepe, took away hundreds of thousands of dollars in profits, and then the traders lost the entire deposit. If you have a deposit of 1000 dollars and in whom there is absolutely no difference between you and 100 thousand, there is no need to be jealous of yourself and think that you are not successful. As soon as you earn your % from 1000 dollars and work systematically following your strategy, you doing everything correctly. Then you can simply scale your income and improve your skills and strategy. What is important at a distance is the percentage of winning trades and not the one time income. A person with a 100 thousand deposit can spend all the money if the risk management and self-esteem are not protected. Moreover, when the numbers are higher, your emotional and psychological state does not suffer. You are doing everything right. Don’t let social media and “luxury” lifestyle spill into your path as a trader.
Filter your news feed and maintain hygiene on social media. Continue to practice and improve your knowledge, skills and trading strategy. If you like the thoughts, ideas, and market dynamics of any influencer, you can follow him, looking for new ideas and a different look at the market that can give you new information for your analysis. But always DYOR and take 100% responsibility for your actions
Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch!
✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
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Influencers
WAVES/USDT LONG TERM BUY📈 Still consolidating because of d dipSo after noticing a CHoCH and and impulsive move that caused a BOS of the initial downtrend. I discovered @SMART MONEY was involved. I placed a long trade 2 weeks ago it has arrived at my Order Block but is still mitigating it because of BTC's influence on Altcoins. But it is still obeying the order block which means we might get that push when BTC starts its bull run🐂 🚀🚀🚀🌕📈🔥🔥🔥
Trends in Technical Analysis 📈📈✨What are the trends in technical analysis and what is its application in digital currencies such as Bitcoin and other cryptocurrencies? In the second part of the tutorial, we will look at the trends.
The concept of trends is definitely one of the principles of technical analysis. All the tools that we will teach in the following are created from patterns, oscillators, support and resistance levels, indicators, and with the aim of helping to measure the price trend. Even if you have been in the market for a short time, you must have heard the words, "Trend is your friend", "Always trade in the direction of the trend", "Never fight the trend". These are common phrases that you often hear in the market. So we need to take the time to define the process and know its types.
Bitcoin price chart consists of uptrends, downtrends and neutrals
John Murphy describes the trend in her valuable book, Technical Analysis of Financial Markets:
The market never moves in a straight line. Market changes are characterized by a series of zigzag movements. We call these market zigzag movements. The result of the motion of these waves is TREND.
✨Classification of trends in technical analysis
▪️ Uptrend
The uptrend is defined as a series of ascending waves. Charles Dow defines an uptrend as follows: "When a price is higher on an uptrend than the previous uptrend, or when the price is on a downtrend above the previous uptrend, we have an uptrend." In other words, the uptrend is a pattern of upward fluctuations.
An uptrend indicates a greater power of demand or purchase over supply or sales, referred to as the "BULLISH market".
The uptrend in technical analysis is the result of several uptrends
▪️downward trend
The downtrend is formed as a series of downward waves. Charles Dow described the downtrend as exactly the opposite of what was said about the uptrend. This means that whenever the price is lower in a bearish wave than the previous bearish wave or the price is lower in a bullish wave than in the previous bullish wave, we have a bearish trend.
A downtrend indicates a greater supply or demand power over demand or a buy, a "bearish market".
The downtrend in technical analysis is the result of several downtrends
▪️ Range trend
The Range trend consists of a wave or waves of ascending and descending that have a direct direction. In other words, if the price can not go above the peak of the uptrend or the price can not go below the bottom of the downtrend, we have a Range trend.
A Range trend indicates a relative balance between buyer and seller power or market supply and demand. "Range market" refers to this trend.
The Range trend in technical analysis is the result of several neutral waves
✨So far, we have defined the concept of trends in financial markets. We may be trending in the market but we need another tool to confirm our diagnosis, trading volume is the tool we need. According to Dow, trading volume is a secondary but important factor in confirming warnings derived from price analysis.
In general, keep in mind that trading volume should be in line with the direction of the main trend.
In the uptrend; Each ascending wave is accompanied by an increase in volume and each descending wave is accompanied by a decrease in volume.
Trading volume should confirm an uptrend
In a downward trend; Each descending wave is accompanied by an increase in volume and each ascending wave is accompanied by a decrease in volume.
If you have any questions, comment for me🔥🔥
Top Crypto Influencers To Follow In 2021(part 1)Hi guys
Today, I want to introduce you to the influencers that you should follow on Twitter and the news that they publish on their Twitter, can be effective in the crypto market. If you also know an important influencer who is not under this post, please comment.
♦️ 1.Elon Musk(@elonmusk)
The ever unabashed defender of bitcoin and dogecoin, the King of Crypto on Twitter has amassed so much influence that a single, one-word tweet can make or break a currency, leading investors into some wild roller coasters as of late. Cleary, he’s the kind of crypto influencers to follow if you don’t want to miss out on all the action.
♦️ 2.Andreas Antonopoulos(@aantonop)
This tech entrepreneur and open blockchain expert has long been regarded in the crypto community as a trusted and unbiased educator, with an extensive list of best-selling publications (The Internet of Money, Mastering Bitcoin) under his belt. He’s also the co-host of the hugely popular Speaking of Bitcoin, where he delves deeper into the technical aspect of digital currencies, the future of decentralized finance, the rise of neobanking, NFTs and, of course, the good ol' BTC. Antonopolous earned his stripes as an early adopter of digital assets and the blockchain, making him one of the very few bona fide crypto experts in an industry increasingly saturated by wannabe gurus. Follow his Twitter for all his latest tips and thoughts.
♦️ 3.Adam Back(@adam3us)
As a pioneer of early digital asset research and adoption, Adam Back is best known for being the inventor of the proof-of-work system Hashcash, now used for cryptocurrency and blockchain verification purposes, all way the back in 1997. He also contributed to some of the world’s most revolutionary crypto-financial infrastructures through Bloc stream, a leading blockchain technology company of which he is the CEO and co-founder. The company places a heavy focus on developing distributed ledger technology (DLT) as well as other cryptocurrency ventures. Back has also gained his cloud as a top crypto expert by working as cryptography advisor specializing in security architecture, p2p systems, distributed file systems, protocol design and and cryptography protocols.
♦️ 4. Nick Szabo(@NickSzabo4)
Before Bitcoin there was BitGold, one of the first-ever digital currencies, created by Nick Szabo in the early 2000s. In fact, such are the parallels between how both currencies came to life that many in the cryptocurrency industry believe Szabo to be none other than the illusive father of Bitcoin, Satoshi Nakamoto. Szabo has denied that claim to fame, but he can count developing the concept of smart contracts among many of the feats that have made him a legend in the crypto space. Szabo is well known for his political views on cryptocurrencies, often speaking on the issue of cryptocurrencies replacing fiat as a means for countries to bypass international sanctions.
♦️ 5.CryptoCred(@CryptoCred)
CryptoCred is an independent Twitter educator and technical trader who has succeeded at amassing a massive online following for himself online with daily market analysis and trading tips. All his content is available for free and accessible across a number of platforms, including Twitter.
♦️ 6.Notsofast(@notsofast)
Bringing with him a vast abundance of educational content and cryptocurrency market tidbits is Notsofast. He’s been around since the early beginnings of crypto and has become a prolific commenter on Bitcoin and Ethereum as well as Syscoin and niche crypto economies like Parkbyte. Notsofast is also an Altcoin miner . You can find his commentary across several YouTube channels and Twitter.
♦️ 7.PlanB(@100trillionUSD)
If you are looking for a blockchain and cryptocurrency influencer who really knows his stuff then PlanB is definitely plan A. Commenting under an assumed identity, PlanB draws much of his experience from his two-decade-long experience as an institutional investment before migrating to the world of cryptocurrencies and becoming one of its most notorious investors and advocates. He’s also known for helping popularize Bitcoin’s Stock-to-Flow price predictive model, which has proven to be accurate time and time again. Based on that, PlanB has made some bold market predictions, most notably that BTC will hit $250,000 or higher in the near future.
♦️ 8.Josh Olszewicz(@CarpeNoctom)
If you’re all about technical analysis trading, then Josh Olswzewics (aka CarpeNoctom) is another gem you might consider following on social media. This self-taught trader first got into cryptocurrencies after stumbling upon it by chance on Reddit, bought his first digital currency in 2013 and then famously predicted that Bitcoin would hit 33K by July of 2018. So yes, he’s widely known as the 33k Guy and his followers love it. Josh posts relevant information pertaining to current happenings, news, trading tips, and memes on his Twitter account.
♦️ 9.WhalePanda(@WhalePanda)
Another fellow Bitcoin Class of 2013, WhalePanda has a long track record of commenting and making accurate predictions about cryptocurrencies and the blockchain. He’s also an angel investor and many industry followers turn to his hugely popular Twitter account for some sound advice.
♦️ 10.DonAlt(www.youtube.com)
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If you’re looking for someone to help you with dipping your toes into digital asset investments and cryptocurrency trading, then DonAlt is another great educator. They are well known for having a strict no-promotion policy as well as dishing out no-nonsense advice across on social media. Together with CryptoCred, they’re also the host of TechnicalRoundup on Youtube.