In the past months we are experiencing a bear trend but the sign of reversal comes out and now we are seeing a great run with bitcoin. I'm wondering if people are still doubting about bitcoin after this trend. The volume of buying is very strong, I expect $10k in a short run. Some of my advice to those who are new in this market just like me:
This is what we are all leaning at. For bitcoin to reach at least $10K. That price is really a huge barrier, if I remember it correctly, we did attempt like 3 times around April-May to at least breach it, but we didn't and the next thing we know the price started to declined again. If investors are still buying because of the ETF news then we probably going to see it before SEC handled down their decision.
Red Market is opportunity to buy - I enter in cryptomarket last month during a bloody market, through my experience in trading I know its a good to buy when people are panicking. I trust the red market with bitcoin and now profit is coming to me.
Well, its no secret that we shouldn't panic when the market turns red and look at the bright side of it. Its another perfect opportunity to get in because the price is cheap and at a discount. So good for you and your patience have paid off.
Improve your skills - Analytical ways of thinking is very important in the market, learn more about trading and how to use some of the indicators this can help you to read the market.
Its great also to have some mentor in real life where you can actually ask for some advice. Have a profitable trade everyone!
Its great also to have some mentor in real life where you can actually ask for some advice. Have a profitable trade everyone!
As a trader, its going to be a long process, a journey for all of us. Everyday we should learn at least 1 trick and put that in the bag. And sooner or later as you gain experienced, if will make your trading life much easier and make you a lot of money.