Hello my friends. It's normal to be undecided in the turbulent environment of the cryptocurrency markets. When you look at the news, listen to the experts, are we entering a Bearish market... ? or are we going to continue the Bullish market after this correction… ? It's normal to be confused...
If you are having a hard time seizing the opportunities you have, I would like to tell you about the golden rules. It doesn't matter which market it is Bullish or Bearish … You can make money …
How does ... ? You should never forget the information that I will share with you.
Let's start…
For example; you learn that a cryptocurrency was collected by one or more whales and its price started to rise. Since you have some knowledge about the market, you start collecting from this cryptocurrency and the price starts to increase a little more.
Meanwhile, investors waiting in cash and following technical indicators see that the resistance turns into support, and they start to collect the cryptocurrency. Naturally, the price continues to rise.
Right at this stage, greedy investors start to buy from cryptocurrencies in panic, seeing only the price increase.
Cryptocurrency has made X5, X10, X100. But cryptocurrencies continue. Greed becomes madness. (You would make a big mistake… )
Now, when the whale sees that it has entered the cryptocurrency in its last quarters, it sells some to get its targeted profit. Meanwhile, some investors think this is an opportunity and buy a little more.
The purchasing power begins to decrease. Transaction volume is reduced. The whale sells some more, and re-buying on that drop will trigger their greed as the traders make some profits, giving them the opportunity to buy more greedily.
The purchasing power starts to decrease again…
At this moment, Whale and/or Whales sell their remaining cryptocurrencies… With the first heavy sale, the stops explode and the small investor starts to buy again. Whale and/or Whales hit gold with these purchases…
Those who know the market with heavy sales start to sell gradually… (But they have crypto money)
Novice investors panic while trying to understand what the situation is, but they focus on the screen in hopes that maybe it will rise from here.
As the loss grows and the screen drops faster, newbies eventually can't stand it and sell their cryptocurrency.
The value of cryptocurrencies drops, Whale sees this, buys a little, the novices say, "Oh, I sold at a loss, if I waited, it would increase", he wants to reduce his loss by buying back…
Whale sells again. The novice's loss continues to grow. The novice can't stand it again and sells it at a loss in the hope of getting it again...
This cycle continues all the time…
My advice to you; You should do a good research on the cryptocurrencies you will invest. You should determine your target profit price according to your risk coefficient for the cryptocurrency you decide. You should get the cost when you reach that goal. Afterwards, you should sell gradually with the stop-limit, changing the price as it rises. Please don't be a cryptocurrency fanatic… Fanaticism hinders making the right decision.
There are always good opportunities in the cryptocurrency markets…
The important thing is;
Buying at the right place without rushing is selling at the right place...
Posted Using LeoFinance Beta
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