$BTC Hello, investors! If you're NEW to the world of CRYPTOCURRENCIES, you open your wallet and all you see is red everywhere 🤯, take a deep breath and stay CALM, because the first thing you need to know is that this isn't a casino or easy money.
A beginner's biggest MISTAKE is buying blindly and getting swept up in the emotion of the moment without protecting their capital. You need to understand that it's not about buying everything at once; on the contrary, making staggered purchases or using the DCA strategy lets you average out the price and keep your portfolio as healthy as possible in the face of volatility.
To understand this clearly, take a look at the real example from the Bitcoin chart ($BTC ) I'm sharing right here. If we look at the market structure on higher timeframes, such as the 1-week or 1-month chart, we can clearly see that the price is in a corrective or bearish movement, trading above 65,634 dollars. Looking at the moving averages (MA) on the weekly chart, the MA(7) (in yellow) is crossing below the MA(25) (in pink) and the MA(99) (in purple), visually showing us exhaustion and downward pressure, moving away from previous highs.
That's exactly why it's so important to learn to observe higher timeframes before putting down a single dollar; that's precisely where you realize whether you're about to make the serious mistake of buying at the very top, or whether the smart move is to patiently wait for the market to pull back so you can get a much healthier and safer entry price.
✔️ Remember that to survive in this ecosystem, you always need a clear PLAN, a well-defined STRATEGY, and to protect your money above all else. And DO NOT BUY COINS WITH NO REAL UTILITY.
ALWAYS DO YOUR OWN RESEARCH, DYOR…
📌 Follow me and leave me a like. 😉👍
#Alondracrypto #bitcoin
A beginner's biggest MISTAKE is buying blindly and getting swept up in the emotion of the moment without protecting their capital. You need to understand that it's not about buying everything at once; on the contrary, making staggered purchases or using the DCA strategy lets you average out the price and keep your portfolio as healthy as possible in the face of volatility.
To understand this clearly, take a look at the real example from the Bitcoin chart ($BTC ) I'm sharing right here. If we look at the market structure on higher timeframes, such as the 1-week or 1-month chart, we can clearly see that the price is in a corrective or bearish movement, trading above 65,634 dollars. Looking at the moving averages (MA) on the weekly chart, the MA(7) (in yellow) is crossing below the MA(25) (in pink) and the MA(99) (in purple), visually showing us exhaustion and downward pressure, moving away from previous highs.
That's exactly why it's so important to learn to observe higher timeframes before putting down a single dollar; that's precisely where you realize whether you're about to make the serious mistake of buying at the very top, or whether the smart move is to patiently wait for the market to pull back so you can get a much healthier and safer entry price.
✔️ Remember that to survive in this ecosystem, you always need a clear PLAN, a well-defined STRATEGY, and to protect your money above all else. And DO NOT BUY COINS WITH NO REAL UTILITY.
ALWAYS DO YOUR OWN RESEARCH, DYOR…
📌 Follow me and leave me a like. 😉👍
#Alondracrypto #bitcoin
