Few things to do in a #Crypto bear market that will help you legends with entries .. A 🧵
1 : First thing i like to do is to research the numerous different #Altcoins and what fundamentals they have that set them apart from the competition
This will allow you to also map out the possible trends we could see in the next bull run. #ZKrollups is one of them
2 : The next step is to look at the charts of the #Altcoins you have seen as the next big movers.
Map out the demand zones on the weekly chart and look for reactions in these areas. For long term plays i like to ladder in say 20% on each test down .. Then rest on reversals 😎
3. Patience is my next tip for you guys. I have seen too many people load up their entire $USDT / $USDC stash on one impulse wave. Wait for a correction and if we can hold above the lows, then look for an entry using the lows as invalidation .. Don't rush ❤️
4. Most importantly, make sure to follow good traders on CT rather than moon boys. Yes the constant bullish talk is nice to stroke the bullish mindset, but let's be real .. Those guys do not do well in bear markets
Follow those who are good in all markets and have no bias 👍
5. Those who trade good in all markets to me are :
I felt this was a thread I needed to post as I get many DMs unsure of how, and when to take profit.
Taking profit is very important and without doing it you don’t make money .. Simple as that ‼️
Please like and retweet if you find this helpful ❤️
Now taking profit will be something unique to different people. Reason being is some people are investors (Holding assets for years) .. Or some people are traders and will take profit depending on whether they are swing trading or scalping ‼️
So to keep it simple I am just going to go over different techniques or when to take profit. And these can be applied to different strategies and time frames .. So let’s begin legends
So let's start with the definition .. Market structure is simply price action and we can determine whether an asset is Bullish or Bearish based off the market structure
Please like and retweet if you find this guide helpful legends ♥️
1# - 2 Types of Market structure
- Bullish Trend : This is demonstrated by a series of higher highs and higher lows
- Bearish Trend - This is demonstrated by a series of lower highs and lower lows
2# - Bullish Trend
So a bullish trend is a series of higher highs and higher lows. Once a higher high is printed (Which means that price has appreciated past the prior high in the trend), we then need to look for a higher low to safely enter a long