This is a very very educational piece if you’re new to crypto, if you’re an experienced or a seasoned investor or if you are a trader you want to try and get over some emotional sort if torment in your body psychological sort of elements as well.
These 5 things will probably help you a lot and these five things are what I do all the time and ultimately all becomes one big circle and it becomes one easy very very quick simple method to manage essentially but it’s over a long period of time compounding.
Rule #1 : Identify Value:
You cannot go any further than finding an altcoin doing your research and discover if it is actually or if it’s not undervalued. There’s been coins that have really exploded over the last coming months and people really got excited but realistically they’ve already ran , they’ve already made a massive gain.
One of obvious options here is ocean but realistically the time to buy was in the summer , in spring or whatever at five cents but some of my friends be like it’s 60 cents it’s looking freaking awesome all time high. Why? You need to Identify the value and that’s rule number 1.
Rule #2: Higher Time Frames
Most people when they come to the world of crypto or invest in chart the first thing they look at is lower time frames like they want the action, they want to see it, they want to see the stuff move. Realistically I only use the weekly in the daily time frame mainly the weekly time frame. The daily time frame is used for execution of orders to find and discover the pullbacks to get in using the weekly time frame to manage my overall position.
You need to identify value and if you’re looking at the bitcoin chart the more you zoom out the better it is and when you zoom out and you look at the weekly time frame we are still parabolic uptrend.
Rule #3 : Risk Management
Too many people overexpose they were be like ‘oh it’s going to be amazing to go to this level from a cat in there, from a dog in there, throw the house in there, throw the car in there, throw everything in there and I’ll live on baked beans for a week. Well that’s the wrong way to do it and this is what it’s going to lead on to nicely with leverage in a minute.
When you invest you should only invest what you do for a lose realistically, whether you’re a trader you can trade like this or if you’re an investor it’s simple positional holds are simple. As a trader you will look to buy and sell low to high. If you’re going on a leverage side of it you can do it other way around.
Rule #4 : Potential Leverage
Now moving onto the likes of people wanting to use leverage, you can because you can go the other way. The place I recommend is bybit.com you can use no leverage if you want to you can go 1x but you can go short you can bet against it so instead of selling at the tops or in Teva you can actually ride and grow ethereum, Teva or the actual underlying asset. You may think bitcoins will go down on 18k down to 16k you can go in a short position and actually bet against it realistically in the trend going down and actually grow your bitcoin without risking anything additional.
Rule #5 : Exit Button
If you don’t want to use small leverage that’s absolutely fine no forcing at all you don’t have to use any leverage but you can go short on it but it’s all one circle when you press an exit button. Why don’t you use ema, ema's as a crossover is a very very simple and easy tactic to remove the noise and not worry about the spikes what happens on the weekly. If you’ve been investing in this coin from this point there’s no need to panic because the one thing that does happen with exits it gives you absolute certainty that the trend is in your favor but people tend to sell when these happen and it caries and go higher don’t panic due to the fact that it’s dipped a bit and it’s correcting.
https://www.earnbitcoin.io/?r=83297