Part 6/13:
Technical analysis is another tool Dennis insists every crypto investor should learn. He believes that even beginners can benefit from understanding basic concepts in platforms like TradingView, aiding them in recognizing support and resistance levels. These insights are essential for making informed trading decisions, such as identifying long-term price floors.
Embracing Multiple Exchanges
Dennis also emphasizes the necessity of accessing multiple cryptocurrency exchanges. Many investors limit themselves to major platforms like Binance or Coinbase, but newer and potentially lucrative altcoins often trade on alternative exchanges. Expanding one's horizons can significantly increase investment opportunities, especially in lower-cap altcoins with high growth potential.