Increasingly popular and yet so little understood.
Some news of late about crypto:
- Tesla wants to introduce cryptocurrency payment for charging electric cars, Elon couldn’t help himself and fed the Doge a little more (25% minimum)
- Russia’s central bank bans mutual funds from investing or trading in cryptocurrencies
- Sparkasse (a huge German bank with 50M customers) wants to create a platform that incorporates crypto wallets and an exchange, due to huge demand, 1 in 10 Germans already have cryptocurrencies
- Cardano although developing new technologies and creating a lot of partnerships, ADA is not experiencing spectacular growth, recently forming a triple bottom that will propel it to a 30% minimum experts estimate
- Nike doesn’t want to lose the race and enters the Metaverse with the acquisition of RTFKT, basically, the stock goes up and we will wear Nike on our feet and on the virtual field
- US economy guys are increasingly sounding the alarm bells for the “Dollar vs Stablecoin” battle, making regulations, putting pressure, pushing the gas pedal with CBDC
The year 2022 will mean the adaptation of the world’s population to a spontaneous change, world governments will be faced with two choices, either they will accept cryptocurrencies and implement them in parallel with their digital currencies, or they will create panic through various measures and we will go into crisis, just kidding, they are too smart the guys behind the curtain to allow that, so expect mass adaptation. The trends of the year will continue to be Metaverse, Crypto Gaming, NFTs and DeFi (DAO).
About bearmarket in crypto:
Since the tulip stock market has been around until today, there have been times of economic growth and times of recession, in the latter period, there are transfers of power from the hands of those who are not prepared enough into the hands of those who know how GDP and the global economy works. In March 2020 the Dow was suffering a drop from 30k to 19k (36.5%), due to the new virus, on average the stock market was down around 20% by that time, to then see an impressive rise, reaching almost 36k (24k -> 30k was achieved in 2 years, 19k -> 36k was achieved in 20 months).
The cryptocurrency market has only had two real bearmarkets (in my opinion), placing in the early part of 2014 and 2018, now finding ourselves close to January 2022, we are left with the common question, will they enter the bearmarket?
May, June, July, August, September, were five months where BTC stayed below MA 50 on weekly, it can still fit in the bearmarket area, as the drop values were over 60-70% for many cryptocurrencies, this period coming after almost 9 months of continuous growth.
October’s spectacular comeback brought back hope and a new ATH, followed of course by a small correction that should have stopped at 57.6k, but something came up, a financial monster wanted to see it lower. The FED on December 4 holds a meeting with the puppets and publicly declares that they will make changes in monetary policy to fight inflation, raising interest rates and other related measures.
What to see, we wake up a few hours later with BTC at 42k, the indicators were booming, buy it now, buy it now, the guys in El Salvador were 5 minutes late and got it at the same price it was yesterday, other tech titans already had their bulls ready (a strategist always has a trade -20 -30% below value ready).
Now looking at objective, if we close the week above 48-49-50k, we are not in bearmarket, if you see it at 46k, prepare bear strategies.
About trading with crypto:
I think this year millions of young or seniors with adaptive skills have emerged and spent nights and days memorizing patterns and learning indicators.
What does it mean to be a trader? Since Wall Street, we all know that a trader has an open chart and a bunch of lines on it, more specifically, oscillators and indicators, in other words, MACD, RSI, Stochastic, MA, Bollinger Band, Ichimoku, Fibonacci and the rest depending from one trader to another.
On Youtube this trend has exploded and is growing, because money is being made and everyone wants to understand how and why. If a trader makes money, it means that someone has lost it, whether it is a player who went long and the trader won by going short or vice versa, every day millions of positions are liquidated, that’s why patience, knowledge and control will be the best weapons.
The big difference between a losing trade and a winning one is greed, I got to the point where I understood the market completely, to analyze it from every angle, I realized that absolutely anyone can make money, even a friend I taught and then sent me ss with 200% ROI per trade,
I repeat, greed can be a catalyst if used constructively or a hindrance to your growth if it overwhelms you, I say that myself who lost tens of thousands learning, and millionaires who lost millions for the same lessons.
Why is longterm in crypto harmful?
As you have seen before, a sense of discontent arises when the market rises and your currency doesn’t or the market falls and your currency goes down the fastest, could all this be prevented?
A method called scalping, can help you win no matter what the trend or the moment, by applying it and eliminating attrition, taking advantage of buy and sell points, things you can learn from the internet, free and fast.
As I’ve said in many other posts, avoid getting caught in corrections by following the BTC evolution constantly, if you don’t know how, learn before you invest.
Market capitalization is directly proportional to the x’s everyone is talking about, try to invest in something with high potential and small market cap, that way you can ensure a much, much higher return than holding top 20 coins maybe for years.
Two simple strategies to make a million out of a thousand:
1. Make x1000
2. Make 10 times x2 consecutively
(2,4,8,16,32,64,128,256,512,1024)
Multiplying money in crypto can be done by trading, scalping, staking, ICO/IDOs, NFTs, bonuses, mining, holding (lower ROI) and maybe others I missed.
There are three types of analysis :
- Technical Analysis
- Fundamental Analysis
- On chain analysis
Every day I spend time learning from each and applying them. I recommend you choose what type of investor you are, what profit you want to make, how you want to make it and start learning how to get there, education is the basis of everything, if you don’t have time for that, you need to understand that an educated person costs money, because they have dedicated a lot of their time to get there.
I’ll wait for you in the comments section with proposals for the next posts, if we make over 500 likes, I’ll post news all December and keep you updated on market trends (objectively, as I told you before, leave the coin attachments, aim to make money in all seasons).
I wish you profitable days.
