tipsandtricks

Technically, many of us already know how to “save” through Crypto or Bitcoin, but it’s important to understand that psychological factors also play a vital role. So, what are the key psychological aspects to strengthen before saving in crypto?

⸻

#1 Conviction is Key

Without strong conviction in long-term investing, we tend to be shaken by short-term price movements. That’s why having a solid understanding of what crypto and Bitcoin actually are can help boost your long-term conviction.

⸻

#2 Don’t Obsess Over Results

Understand that if your mindset is to “save,” you must be focused on long-term goals. Avoid moving your assets or shifting strategies just because there are no quick gains. Always maintain a long-term perspective.

⸻

#3 Stay Focused and Consistent

One of the biggest challenges is staying focused and consistent. Remember, this is a long-term game and requires strong endurance. Some crypto exchanges offer automatic DCA (Dollar Cost Averaging)features to help you “save” consistently over time.

⸻

#4 Grow Your Income, Don’t Go All In

The key to saving in any asset is to increase your income. Always remember that all crypto assets—even Bitcoin—carry high risk. Before saving in crypto, make sure you have an emergency fund to cover 6–12 months of living expenses.

#tipsandtricks #bitcoin

$BTC $ETH $BNB
Ever wondered why the crypto market goes nuts every time a daily, weekly, or monthly candle is about to close? 🤔 Let’s uncover the reasons!

1. Trader Psychology
Many traders rush to close positions to avoid volatility risks as the candle closes. In the trading world, uncertainty can push traders to 'play it safe' by closing their positions. This results in a loaded order book with pending orders, spiking volatility due to a sudden increase in trading volume.
2. Institutional Players
Big players in the investment world like investment funds, institutional traders, and fund managers often rebalance their portfolios at the end of periods. This means adjusting their asset composition according to predetermined investment strategies. This rebalancing requires large transactions, significantly increasing trading volume and causing sharp price fluctuations.
3. Technical Factors
The crypto market often hits crucial support or resistance areas at candle closings. These areas are price points where many traders have placed limit orders. When the price nears or reaches these areas, large orders are executed, leading to rapid and unpredictable price movements.
4. Market Sentiment
Remember, crypto trading usually involves USD pairs. Therefore, news or economic data related to the USD can have a significant impact on market sentiment. Economic announcements like job reports, inflation, or interest rate decisions are often released near candle closing times. This information can trigger quick reactions from traders who adjust their positions according to the latest data.
5. Order Book and Trading Bots
Additionally, the order book can be influenced by trading bots and algorithms. These bots are programmed to execute orders based on specific market conditions, often coinciding with candle closings. The presence of these bots adds another layer of volatility as they can execute large transactions at high speed.

By understanding these factors, you can be better prepared for volatility in the crypto market at candle closings. Always check the candle closing times and prepare your strategy accordingly. Don’t forget to follow my account for more crypto tips and tricks. Let's get those gains! 🚀
#tipsandtricks #Insights

التداول الفوري في العملات المشفرة ليس مجرد شراء وبيع—إنه لعبة استراتيجية وصبر وإدارة مخاطر! إذا كنت تريد زيادة أرباحك، اتبع هذه النصائح الستة الاحترافية:
1️⃣ اتقن اتجاهات السوق 📈
افهم تحركات الأسعار من خلال التحليل الفني (المتوسطات المتحركة، RSI، MACD) والتحليل الأساسي (تحديثات المشاريع، الشراكات، اللوائح). المتداول المطلع جيدًا هو متداول مربح!
2️⃣ حدد أهدافًا واضحة 🎯
تداول بعقلانية، وليس بعواطف! حدد دائمًا نقاط الدخول والخروج قبل القيام بصفقة لتجنب القرارات الاندفاعية أثناء تقلبات السوق.