99% of the people don't know when to sell in crypto.
They simply buy a coin and don't even know when to book profits. Result? They regret for not selling and get demotivated.
In this post, I have talked about profit booking strategies that can help you in this bull run: First up - why is having a take profit strategy so important?
Well, in the fast-moving crypto markets, massive gains can appear then disappear quicker than you can blink. You've gotta lock in returns through occasional profit-taking or risk watching your portfolio get wrecked.
The basics are simple enough - set predefined target prices where you plan to sell portions of your holdings. But blindly using fixed targets without adaptability can get you stuck missing out on big gains or retaining large losses.
Here are some pro tips to level up your profit-taking approach:
1️⃣Scale out of positions across multiple incremental targets on the way up.
For example, sell 20% of your tokens at 2x, 30% more at 5x, and let the remaining 50% ride further.
This allows continued upside exposure while realizing some gains.
2️⃣ Trail protective stop loss orders upwards as the price climbs to lock in gains.
But don't get stopped out prematurely - use patience and wiggle room.
3️⃣ Closely monitor price action and indicators for signs of trend exhaustion, like bearish divergence on the RSI, volume drying up, loss of momentum, etc.
Then prudently take some profits off the table.
4️⃣ If the overall crypto market starts looking shaky, take some chips off the table to stabilize your portfolio.
You can always re-enter on dips as conditions improve.
5️⃣ Rebalance by rotating profits from individual coins into stable placeholder assets like USDT, UST, or BTC.
This keeps you invested in crypto's growth while reducing risk.
Beyond the technical tips, market psychology and discipline around greed/fear are just as important.
Some final tips:
✔️ Don't beat yourself up over not selling at the very peak. Profit-taking requires flexibility and accepting you won't time peaks perfectly.
✔️ Think long-term. Compounding moderate gains outperforms sporadic home runs. Slow and steady wins the race.
✔️ Learn from both successes and mistakes. Review outcomes dispassionately to continuously improve your profit-taking skills.
At the end of the day, profit-taking is not about perfectly selling every top.
It's about steadily accumulating gains to reach your financial goals, regardless of day-to-day volatility.
With the right mindset and strategically layered tactics, you can build life-changing wealth in the market.
All the best, let's print life and wife changing money this bull run!🚀
Bitcoin ETF vs Buying BTC! Which is Better? #ETFvsBTC
#ETFvsBTC The rise of Bitcoin Exchange-Traded Funds (ETFs) has sparked a new conversation: Bitcoin ETF vs. Buying $BTC Directly. Both options offer exposure to Bitcoin, but they cater to different investment styles and preferences.
👉This article dives into the pros and cons of each approach, helping you decide which is the better fit for your investment strategy.
Owning Bitcoin Directly: Taking Control ✅ Buying Bitcoin directly on a cryptocurrency exchange grants you complete ownership of the asset. Here's a breakdown of the key advantages:
♦️Direct Ownership: You hold the private keys to your Bitcoin, giving you full control over your investment. ♦️Potential for Higher Returns: Historically, Bitcoin's price has experienced significant volatility, offering the potential for higher returns compared to some ETFs. ♦️Greater Flexibility: With direct ownership, you have the freedom to Trade $BTC for other cryptocurrencies or use it for transactions. However, direct ownership also comes with some drawbacks:
Security Risks ⭕ You are responsible for securing your Bitcoin wallet, which can be challenging for beginners. Market Volatility: Bitcoin's price fluctuations can be stressful for risk-averse investors. Exchange Dependence: You rely on the security and stability of the cryptocurrency exchange you use. 🔸Bitcoin ETFs: A Streamlined Approach Bitcoin ETFs offer a more traditional investment experience, similar to buying stocks or bonds. Here are the key benefits:
🔸Simplified Investment: ETFs trade on regulated exchanges like traditional stocks, making them familiar to many investors. 🔸Security: ETFs are held by custodians, reducing the risk of losing your investment due to exchange hacks or user error. 🔸Regulation: Bitcoin ETFs are subject to regulations, potentially offering more investor protection compared to directly buying Bitcoin. However, Bitcoin ETFs also have some limitations: Indirect Ownership:- ⭕ You don't directly own Bitcoin when you invest in an ETF. You own shares in a fund that holds Bitcoin. 🔸Potentially Lower Returns: ETF fees can eat into your overall returns compared to directly buying Bitcoin. 🔸Limited Flexibility: ETFs may have restrictions on how you can use your investment, compared to directly owning Bitcoin. 🔸Making the Choice: Consider Your Investment Goals The best option for you depends on your individual investment goals and risk tolerance.
Here are some key factors to consider:
🔸Investment Experience: If you're new to crypto, ETFs offer a more straightforward entry point. 🔸Risk Tolerance: Bitcoin's volatility might be better suited for investors with a higher risk tolerance. 🔸Investment Goals: If you plan to actively trade or use Bitcoin for transactions, direct ownership might be preferable. By carefully considering these factors, you can choose the approach that aligns best with your financial strategy and risk appetite.
♦️The Crypto Future: Exploring Both Options:- The emergence of Bitcoin ETFs presents a valuable new option for investors. Whether you choose to buy Bitcoin directly or invest in ETFs, the key is to stay informed, understand the risks involved, and build a diversified portfolio that aligns with your long-term financial goals.
👉This article provides a starting point for your exploration of the Bitcoin ETF vs. Buying BTC debate. Remember, conducting your own research and consulting with a financial advisor is crucial before making any investment decisions.
👉Let's keep the conversation going in the comments below! Share your thoughts on Bitcoin ETFs and how they are shaping the future of cryptocurrency investing.
As We Have two Major Event Today and Crypto Market just Chopping we went a step ahead to front run and found a Lead
Bulls Needs to see dow jones 30 Min chart gap filled (38297) by today closing or else if we closes weak below today beneath 38522 but not filling the gap, we are prone to see tomorrows Negative News as only Negative news can fill this gap tomorrow.
If the Gap is filled today positive News would take it more up tommrow as gap is already filled and Downside be more and upside is Less
SO Eyes now on today's usdt.d closing level and dow jones level to frontrun.
The current market is choppiest ever but as have successfully tore apart in bear market Nothing is now difficult for us we do more work and aagain frontrun to make you profitable at end.
Intresting times 😉 Stay tuned.
LIVE
PRO Crypto Tech
--
Tommorow is the Biggest Event of the Month after CPI
What's Coming?
- US GDP - Jobless claims
And the reaction will be Most strange
Let me Explain.
Till Now in this market *Bad data is a good News*
But tomorrow GDP outcome, traders should judge by, GOOD DATA BEING GOOD NEWS
AND jobless claims data as BAD DATA AS GOOD NEWS.
Didn't understood?
Yes, BAD Data is a good news but why GDP In opposite?
Because Rate cuts are coming!
Hence if GDP data if comes as bad data,
*We will have rate cuts + lower gdp = liquidity trap and hence we will start to price in deflation*
Deflation is more serious than inflation and more dangerous .
Hence GDP should come high and there should be more jobless tommorow, this is the validation of the bullish contination.
Both are at 5:30PM
Hence, today's movement is volatile for this event tommorow and hence NO CLEAR TREND it is.
So avoid futures from now till the Event Dust settles off.
Hence, we turn Neutral and have risk very managed.
If you are in this market, you should understand, macro and global market.
We know that you dont need to hence we explain to you everything like to a 5yr old to give our best to you. So, dont worry, you have subscribed to the best place ever.
Tommorow is the Biggest Event of the Month after CPI
What's Coming?
- US GDP - Jobless claims
And the reaction will be Most strange
Let me Explain.
Till Now in this market *Bad data is a good News*
But tomorrow GDP outcome, traders should judge by, GOOD DATA BEING GOOD NEWS
AND jobless claims data as BAD DATA AS GOOD NEWS.
Didn't understood?
Yes, BAD Data is a good news but why GDP In opposite?
Because Rate cuts are coming!
Hence if GDP data if comes as bad data,
*We will have rate cuts + lower gdp = liquidity trap and hence we will start to price in deflation*
Deflation is more serious than inflation and more dangerous .
Hence GDP should come high and there should be more jobless tommorow, this is the validation of the bullish contination.
Both are at 5:30PM
Hence, today's movement is volatile for this event tommorow and hence NO CLEAR TREND it is.
So avoid futures from now till the Event Dust settles off.
Hence, we turn Neutral and have risk very managed.
If you are in this market, you should understand, macro and global market.
We know that you dont need to hence we explain to you everything like to a 5yr old to give our best to you. So, dont worry, you have subscribed to the best place ever.
Market structure break any leg downside is a potential buy. The longer the price trades within the range, it is like a balloon: if you squeeze it, it will eventually burst.
The monthly candle closure is coming and is bullish. The weekly chart looks solid. Lastly, the price is forming clear bull flags, indicating a possible upside move towards 90-100k USD.
Invalidation will be below the swing low, which is marked on the chart with an "X".
Unlocking the Top 6 Strategies to Earn Free Crypto on Binance in 2024 🤑🎁
As the leading global blockchain ecosystem and cryptocurrency infrastructure provider, #Binance offers a suite of financial products and services designed to accelerate cryptocurrency adoption and increase the freedom of money. For those looking to earn free crypto on Binance, there are several strategies to explore. Here are the top 6 ways to do so: 1. Binance Megadrop 🔶 Binance Megadrop is a campaign that rewards users with free crypto for participating in various activities on the platform. This can include trading competitions, social media giveaways, and other promotional events. By staying active on Binance and engaging with their campaigns, users can earn a share of the Megadrop rewards. In First Round Of Binance MegaDrop Bouncebit - Normal Users Earned 40$+ in $BB Tokens. So Join Active Drop Lista Dao For Exciting Rewards 🎉 2. Binance Earn 🔶 Binance Earn is a product that enables users to earn interest on their crypto holdings. By depositing their assets into Binance Earn, users can earn up to 50% fee rebates during the Initial Farming Period. This is a great way to passively earn free crypto while still having access to your funds. 3. Binance Launchpool 🔶 Binance Launchpool is a platform that allows users to farm new tokens and earn rewards. By participating in Launchpool, users can earn a share of the token allocation and get early access to new projects. This is a great way to discover new projects and earn free crypto in the process. 4. Binance Learn and Earn 🔶 Binance Learn and Earn is an educational program that rewards users for learning about cryptocurrency and blockchain technology. By completing courses and quizzes, users can earn free crypto and develop their knowledge of the crypto space. This is a great way to earn while learning. 5. Write2Earn on Binance Square 🔶 Write2Earn is a program on Binance Square that rewards users for creating and sharing high-quality content related to cryptocurrency and blockchain. By writing articles, creating videos, or producing other forms of content, users can earn free crypto and build their reputation as thought leaders in the crypto community. 6. Binance Social Campaigns 🔶 Binance Social Campaigns are promotional events and giveaways that take place on social media platforms. By participating in these campaigns, users can earn free crypto and engage with the Binance community. This can include sharing memes, participating in trading competitions, and other social media activities.
I Hope You Will Love This 👌♥️ Stay Tuned For More & Follow Us For More Exciting Content 🤝❤️🔥 #EarnFreeCrypto2024
Preskúmajte najnovšie správy o kryptomenách
⚡️ Staňte sa súčasťou najnovších diskusií o kryptomenách