So these are the three ways or rules that are essential if you want to become an "expert" meaning other than being a beginner with pointless targets upgrade your level a bit by learning these three key elements! OBVIOUSLY I am not a financial advisor, and nothing in this video constitutes financial or legal advice. Please invest responsibly and do your research with due diligence.
Trends on the long term: Look if cryptocurrency markets and bitcoin teached us anything its the market trend! Charts can help determine were the market is going and NO we are talking about trends which are long periods of time not only an 1 or 2 hour chart but we are talking about months! And you know the farther the time frame of the chart, the more you can identify it, and monthly is better than weekly and weekly better than daily! And look from upward of the chart to downwards and basically that might indicate future rallies and bull runs to come!
Reversals come from the inside out: this is a better technique to use than trends because lets face it new cryptos like ontology been in market less than 3 months!! So use the anchor chart which is the weekly chart, this will show a summarized story of whats happening to the crypto you are looking on to, this opens an opportunity that I use personally which is swing trading, for example verge is now not trading as volatile as before, so I open this chart on verge and see how swing trader is working and see if an opportunity I can snatch! (Minimize trading risks)
Invest something your not willing to use: You know when I got into cryptos I really thought that its normal that market goes up and down I mean like any market so I learned my lesson after investing some money that if I lost it might mean a lot to me and my hard work on affiliate marketing and past projects so learn that invest something that you're comfortable if market goes down or crashes even!
Hopefully with these tips that you can use, you can master trading and the art of hodling cryptocurrencies and remember golden rule experience comes with time and always seeking advise from people who have been in the market more than you and hopefully you can minimize risks and become successful!!
