2022-07-16 20:39:11
Just a little advice:
For better results, I suggest you read at least this message.
The trackers don't work as calls or buying suggestions. I'm not spreading that standardized text "this is not financial advice", you really need to do your analysis and research otherwise you will increase your risks significantly.
All Twitter and Telegram tools report specific market activity in real-time. This is an automated system that reads market data, calculates, and sends a message. Despite the signal type (trending, booming, spiking, etc), you must analyze the market and make your own decision.
These are my basic suggestions:
• Use a reliable and easy-to-use chart tool to read the market in different timeframes (my preferences for crypto are 1 minute, 1 hour, and 1 day). It will make you save time. I like Tradingview.
• Check how BTC (Bitcoin) market is behaving. Altcoins tend to move with consistency usually when BTC isn't shaking or making bizarre moves (in these situations probably the small markets will follow the leader, BTC). Use Bitsunami.
• Check how the dollar is performing (DXY). When it is rushing, usually BTC goes in the opposite direction and it affects all of the crypto markets. The dollar is the king (at least by now).
• Have in mind that price range affects the market volatility. For example, a very cheap coin tends to change less than an expensive one.
• Same with volume/liquidity. Markets with more players trading on them tend to be fairer. The more volume the market has the more predictable is the price movement on it.
• Crypto markets are extremely volatile, I suggest you always trade having a stop order to protect you from big losses. A big price drop can cause big damage.
• Sometimes the market is pushing hard and worth the risk of getting in. Sometimes worth waiting a pullback and a new buying pressure to take a shot.
• Focus on a few markets. Some knowledge you can apply to every market, but each one has its behavior and nature. There are too many factors that influence price variation. Sometimes less is more.
• Study hard. Money isn't something that will grow in your pocket spontaneously. You must go for it. In the Telegram channel you will find some interesting material to know better about the tools we offer and other important subjects. If you have some available time read it.
• Take me as a friend. I'm learning just like you, I can give you some tips I learned and I can also receive some. Life is the biggest exchange platform. Most of the knowledge I applied in these tools I got from friends, sharing ideas, experiences, and perspectives.
Take care.
861 viewsedited 17:39
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