Hello to my friends who love life and keep smiling despite all negativity. In this article, I will tell you about my thoughts on Monday's events and future events ...
We saw very good movements in Bitcoin and Altcoins over the weekend. Some investors thought that Bitcoin would go to $ 50,000 and above and opened long trades in futures. Some of them also bought altcoins. However, in order to show the presence of market makers, there were decreases in altcoins, especially Bitcoin. Most traders' stop-losses exploded. The losses are great. There were panic sales in Altcoin. Then, after about 12 hours, the market started to return to normal. Nobody understood anything except those who made the market in the short term and daily traders. It is interesting, is not it?
Bitcoin, which was $ 49480, dropped $ 45540. Because of such high volatility, most traders' stop-losses did not work. Thus, great losses occurred.
Seeing this, the altcoin investor panicked. There was a little chaos.
What we small investors should never forget; It is that we are on the playground of market makers. You can't stand up to them. We can make money as long as they allow. In achieving this, it is patient, cautious and respecting the market rules.
For investors who do not buy and sell daily ...
Invest in Bitcoin and Ethereum long term. Turn your ears off to daily, monthly speculation…
Bitcoin
Ethereum
If you want to invest in Altcoins, your term should not exceed one year. Because you see the state of cryptocurrencies that made ATH in the previous bull season. New cryptocurrencies (especially defi) are gaining attention. I call it medium term. (6-12 months). Exceptions; It finds a solution to a very important problem, it has no competitor or is not strong, the project is supported by market makers,…
Sample; Chainlink, Aave,… I plan to sell LINK in May 2021, which I bought $ 3 in May 2020.
Always set yourself a goal… I'll sell Bitcoin, Ethereum or any coin when it comes to xxx price. Set a price target, not a time, and stick to it. Do not be greedy, then you will be what you have.
Do not regret it. When you can't get it, take advantage of other opportunities. There are thousands of coins in the cryptocurrency market. Do not worry if it rises again after selling it. Put your wife in your pocket. Feel its warmth. Seize other opportunities…
Don't be persistent. Don't be a cryptocurrency fanatic. Cryptocurrencies are an investment tool. One ends and the other begins. Sample; I invested in XRP. Later, when I heard about the SEC-related process, I profitably turned to cash. When the process is complete, I can re-evaluate it. I see that fanatical people form groups, they try to create public opinion. Why is that…? Just a company to invest in… There are thousands of them…
Check out the basic and technical analysis during the altcoin selection. You don't have to know technical analysis like day traders. A few simple steps you have to do;
In one-day price chart; Tracking the support and resistance points, the trading volume after drawing the channels, and the buy signals of the RSI, BB, MA indicators. You can apply this for Buy and Sell.
Most new traders want to trade daily. He wants to be captivated by this and become very rich. I also want it, but it is necessary to respect the market rules, to be patient and to understand what you see.
Most Daily traders I follow both say; If I did not sell this cryptocurrency on time, he would earn more.
Yes, my friends, I hope my thoughts shed some light on you.
As I always said, listen to everyone, decide for yourself ...
I'm looking forward to your comments. Thanks to your comments, we can shape my next articles together. Let's stay in touch… Take care of yourself so that you and the people around you are happy…
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