If you are a newbie and you really want to make money in crypto trading,
Read this!!
Crypto trading is not a get rich quick scheme, in fact you can loose money faster than you make it.
Here are some things you need to know before trading futures..
1. STRATEGY: Choose a strategy best suited for your capital, in short know how much you are willing to risk.
2. Technical Analysis: TA shows you the direction of the market, you don't need to know all the technical analysis just a few will do e.g Volume,RSI,MACD and Bollinger bands.
Why this setup? 4H chart is armed for a short. RSI on the 15m is deeply oversold at 32.38, suggesting a weak bounce before continuation. The daily trend is range-bound, and price is rejecting the upper entry zone near 10.855. ATR indicates low volatility, often a precursor to a sharp move.
Debate: Is this oversold RSI a bear trap or the calm before the drop to TP1 at 10.065?
Heavy liquidation and panic selling hitting hard as BTC RSI crumble to single digit. Note that similar cases occurred in (2015, 2018, March 2020 COVID, June 2022). Stay SAFU and DYOR. #BTC #MarketPullback
Some traders are out there wondering whether to enter this bullish market or sell their profit. Here are some advice for you; If you are on the buying side and you want to invest let's assume $10000. Don't ever, I repeat don't ever invest all your capital at once. set intervals like 1-2 hours before re-entering the market, mind you invest your capital $100 to $1000 per hour. Tips on coins to invest in 🤔 $BTC $BNB meme coins and DeFi
Nigerians on binance is this how we are all going to keep quiet about how difficult it is to fund our binance account from Nigeria!!
Most of these users are losing their hard earned money to scammers all in the name of funding or withdrawing from their binance account.
So, The binance team should kindly provide a reasonable solution to this and those of you that think our government is the cause of it... we know but there must be a solution because other countries are also using binance despite government intervention 😔. #NigerianTraders #bearstime #bnb $BNB $BTC