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Welcome to the Crypto Trading Group podcast, your go-to weekly guide on how to become a successful cryptotrader! Each week, we dive into the latest trends in the crypto market, providing in-depth analysis and updates to help you stay ahead. Whether you're just starting out or looking to sharpen your trading skills, this podcast is packed with valuable insights to boost your crypto journey.
Be sure to follow us on X at @CTGcrypto for even more tips and updates throughout the week.
Disclaimer: This podcast is for educational purposes only, it is nog financial advice. Trading cryptocurrencies comes with risk, and any trades you make are done at your own risk. Always do your own research before making any financial decisions.
Now, let’s get into the potential buy set-up.
Coin: WIF
Set-up: LONG between 2.55 and 2.46.
Stop loss below 2.25
See this link for educational chart: https://x.com/CTGcrypto/status/1869320154913648894
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Welcome to the Crypto Trading Group podcast, your go-to weekly guide on how to become a successful cryptotrader! Each week, we dive into the latest trends in the crypto market, providing in-depth analysis and updates to help you stay ahead. Whether you're just starting out or looking to sharpen your trading skills, this podcast is packed with valuable insights to boost your crypto journey.
Be sure to follow us on X at @CTGcrypto for even more tips and updates throughout the week.
Disclaimer: This podcast is for educational purposes only. Trading cryptocurrencies comes with risk, and any trades you make are done at your own risk. Always do your own research before making any financial decisions.
Now, let’s get into lesson 14 of "how to become a cryptotrader!"
Today, we’re diving into the world of Moving Averages and the Volume Weighted Average Price (VWAP)—two essential tools that help traders identify market trends and make informed decisions.
Moving Averages, also known as rolling averages, simplify price movements and make spotting trends easier. We’ll discuss the two most commonly used types: the Simple Moving Average (SMA) and the Exponential Moving Average (EMA). Learn how they are calculated, the key differences between them, and how to use EMAs and the 200-day SMA to develop a strategy for identifying buy signals!
We’ll also introduce the VWAP, an indicator that combines price and volume. Discover how the VWAP provides insights into market sentiment and helps pinpoint favorable entry points.
Tune in to this episode to deepen your understanding of Moving Averages and the VWAP, and take your trading skills to the next level!
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Saknas det avsnitt?
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Welcome to the Crypto Trading Group podcast, your go-to weekly guide on how to become a successful cryptotrader! Each week, we dive into the latest trends in the crypto market, providing in-depth analysis and updates to help you stay ahead. Whether you're just starting out or looking to sharpen your trading skills, this podcast is packed with valuable insights to boost your crypto journey.
Be sure to follow us on X at @CTGcrypto for even more tips and updates throughout the week.
Disclaimer: This podcast is for educational purposes only. Trading cryptocurrencies comes with risk, and any trades you make are done at your own risk. Always do your own research before making any financial decisions.
Today, we're discussing an exciting development in the world of blockchain technology: the launch of Zilliqa 2.0's Aventurine proto-mainnet. This is a significant step toward the full launch of Zilliqa 2.0, an enhanced version of the existing Zilliqa blockchain platform.
What makes Aventurine so important?
Aventurine is a robust testing environment introducing several improvements over the previous Jasper release.It lays the groundwork for a smooth transition to Zilliqa 2.0 when the mainnet launches with the Agate release.Aventurine features two key networks:
An upgraded version of the existing Jasper proto-testnet: This version imports Jasper's historical state.
A new proto-mainnet: This network imports the historical state of the current Zilliqa mainnet.
The proto-mainnet will integrate both existing and upcoming dApps:
Existing dApps: Such as PlunderSwap DEX and the Safe multi-signature wallet.New dApps: To be integrated after Aventurine's launch.Key features of Aventurine:
Interoperability between Ethereum Virtual Machine (EVM) and the Scilla smart contract language: Enabling Zilliqa fungible tokens to function as EVM-compatible tokens.Tokens from major Zilliqa dApps available on the proto-mainnet: Including $FPS, $XCAD, $XSGD, $HRSE, and $SEED.Bridging capabilities: Allowing these tokens to be bridged from the proto-mainnet to BSC after Aventurine's launch.Delegated staking contracts: These can be tested by validators and include support for liquid staking.A new staking portal: Set to launch alongside the Zilliqa 2.0 mainnet with the Agate release.Aventurine represents a major leap forward for Zilliqa, and in this podcast episode, we’ll dive deeper into the details and its impact on the future of blockchain technology.
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Welcome to the Crypto Trading Group podcast, your go-to weekly guide on how to become a successful cryptotrader! Each week, we dive into the latest trends in the crypto market, providing in-depth analysis and updates to help you stay ahead. Whether you're just starting out or looking to sharpen your trading skills, this podcast is packed with valuable insights to boost your crypto journey.
Be sure to follow us on X at @CTGcrypto for even more tips and updates throughout the week.
Disclaimer: This podcast is for educational purposes only. Trading cryptocurrencies comes with risk, and any trades you make are done at your own risk. Always do your own research before making any financial decisions.
Today, we’re diving deeper into the world of RSR, short for Reserve Rights. This ERC-20 token plays a vital role within the Reserve Protocol, a platform dedicated to creating stable, decentralized cryptocurrencies.
RSR is designed to protect RToken holders from the unlikely scenario of collateral default. RTokens are stablecoins backed by baskets of ERC-20 tokens across various blockchains, including Ethereum. By staking RSR on a specific RToken, RSR holders act as an additional layer of protection. In exchange for this protection, RSR stakers receive a share of the revenue generated by the RToken.
Beyond offering protection against defaults, RSR also plays a key role in the governance system of the Reserve Protocol. RSR holders can vote on proposals that may change the configuration of an RToken. This includes adjusting the underlying basket of assets, determining revenue distribution, and responding to emergencies.
In this episode, we’ll explore the various aspects of RSR, including:
How the staking mechanism works, along with the risks and rewards for RSR holders.The role of RSR in the governance system and its contribution to the decentralization of the Reserve Protocol.The future of RSR and its potential to become a stable, global reserve currency.Stay tuned to uncover the fascinating world of Reserve Rights and its impact on the future of cryptocurrency!
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Welcome to the Crypto Trading Group podcast, your go-to weekly guide on how to become a successful cryptotrader! Each week, we dive into the latest trends in the crypto market, providing in-depth analysis and updates to help you stay ahead. Whether you're just starting out or looking to sharpen your trading skills, this podcast is packed with valuable insights to boost your crypto journey.
Be sure to follow us on X at @CTGcrypto for even more tips and updates throughout the week.
Disclaimer: This podcast is for educational purposes only. Trading cryptocurrencies comes with risk, and any trades you make are done at your own risk. Always do your own research before making any financial decisions.
Today, we’re diving into the world of Simulacrum, a revolutionary platform aiming to bridge the gap between social media and blockchain.
Developed by Empyreal, Simulacrum strives to make blockchain technology accessible to everyone. The platform eliminates the need for traditional wallets and enables users to interact with the blockchain through platforms they already know and use, such as social media.
The concept behind Simulacrum is simple: users can execute blockchain actions by simply posting on social media or sending direct messages. An advanced language model interprets these commands, and AI agents validate the user’s intent before executing the action on-chain.
Currently in its beta phase, Simulacrum is focused on testing and optimizing the user experience. Its initial launch is on X (formerly Twitter), a platform with 335 million monthly active users. By allowing these users to interact directly with blockchain through a familiar interface, Simulacrum has the potential to significantly expand the Web3 user base.
But is Simulacrum truly the key to the mass adoption of Web3? In this episode, we’ll explore the technology behind Simulacrum, its potential benefits, and the challenges that lie ahead.
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Welcome to the Crypto Trading Group podcast, your go-to weekly guide on how to become a successful cryptotrader! Each week, we dive into the latest trends in the crypto market, providing in-depth analysis and updates to help you stay ahead. Whether you're just starting out or looking to sharpen your trading skills, this podcast is packed with valuable insights to boost your crypto journey.
Be sure to follow us on X at @CTGcrypto for even more tips and updates throughout the week.
Disclaimer: This podcast is for educational purposes only. Trading cryptocurrencies comes with risk, and any trades you make are done at your own risk. Always do your own research before making any financial decisions.
Now, let’s get into lesson 13 of "how to become a cryptotrader!"
Today, we’re diving into the world of crypto trading and discussing an important pattern: the Head & Shoulders. This pattern can help traders identify potential bearish reversals in the market.
The Head & Shoulders pattern is a bearish signal that indicates a possible price decline.
It is characterized by three consecutive peaks, with the middle one (the head) being the highest.The two outer peaks (the shoulders) are lower than the head and align closely in price.The line connecting these overlapping prices is called the neckline.A key point to remember is that you should only place a trade after the Head & Shoulders pattern is fully formed and the neckline has been broken downward. Waiting for the full formation and neckline breakout increases the likelihood of a successful trade.
Sometimes, the Head & Shoulders pattern fails, for instance, when the volume deviates or the market consolidates instead of retracing. To increase your chances of success, here are three strategies:
Wait for a retest: After the neckline breaks, the price may return to test the neckline. This creates a good entry point for shorting.High volume breakout: A neckline breakout with high volume is a strong signal and can provide a safe entry even without a retest.High momentum breakout: If the neckline breakout coincides with the breakdown of previous support, a short entry may be taken without waiting for a retest.To determine your target, measure the distance between the neckline and the lowest point of the head. This distance is then projected downward from the neckline to estimate the potential price target.
The Head & Shoulders is a powerful pattern with a high probability of success, but it’s important to wait for confirmation rather than anticipating the pattern. Also, pay close attention to the volume during the breakdown, as this can provide additional insights into the strength of the move.
In this episode, we’ll dive deeper into the specifics of the Head & Shoulders pattern and discuss how you can use it to enhance your crypto trading strategy.
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Welcome to the Crypto Trading Group podcast, your go-to weekly guide on how to become a successful cryptotrader! Each week, we dive into the latest trends in the crypto market, providing in-depth analysis and updates to help you stay ahead. Whether you're just starting out or looking to sharpen your trading skills, this podcast is packed with valuable insights to boost your crypto journey.
Be sure to follow us on X at @CTGcrypto for even more tips and updates throughout the week.
Disclaimer: This podcast is for educational purposes only. Trading cryptocurrencies comes with risk, and any trades you make are done at your own risk. Always do your own research before making any financial decisions.
In this episode we discuss Carbify's greenpaper. Carbify is a platform that combines sustainability and profitability through a gamified approach. The project focuses on planting and maintaining trees in the Amazon rainforest, resulting in CO2 offsetting and increased income for local communities. Users can purchase virtual assets linked to real trees, earn $aCO2 tokens, and either sell them or use them to offset their own carbon footprint in the game Eco Empires: Battle for the Earth. The success model is based on the rising value of carbon credits, offering participants the potential for high returns while simultaneously creating environmental and social impact.
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Welcome to the Crypto Trading Group podcast, your go-to weekly guide on how to become a successful cryptotrader! Each week, we dive into the latest trends in the crypto market, providing in-depth analysis and updates to help you stay ahead. Whether you're just starting out or looking to sharpen your trading skills, this podcast is packed with valuable insights to boost your crypto journey.
Be sure to follow us on X at @CTGcrypto for even more tips and updates throughout the week.
Disclaimer: This podcast is for educational purposes only. Trading cryptocurrencies comes with risk, and any trades you make are done at your own risk. Always do your own research before making any financial decisions.
Carbify is a platform that combines sustainability and profitability through a gamified approach. The project focuses on planting and maintaining trees in the Amazon rainforest, resulting in CO2 offsetting and increased income for local communities. Users can purchase virtual assets linked to real trees, earn $aCO2 tokens, and either sell them or use them to offset their own carbon footprint in the game Eco Empires: Battle for the Earth. The success model is based on the rising value of carbon credits, offering participants the potential for high returns while simultaneously creating environmental and social impact.
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Welcome to the Crypto Trading Group podcast, your go-to weekly guide on how to become a successful cryptotrader! Each week, we dive into the latest trends in the crypto market, providing in-depth analysis and updates to help you stay ahead. Whether you're just starting out or looking to sharpen your trading skills, this podcast is packed with valuable insights to boost your crypto journey.
Be sure to follow us on X at @CTGcrypto for even more tips and updates throughout the week.
Disclaimer: This podcast is for educational purposes only. Trading cryptocurrencies comes with risk, and any trades you make are done at your own risk. Always do your own research before making any financial decisions.
Today we take a look at Virtu Network. Virtu is a platform that provides access to advanced computing resources, such as GPUs and TPUs, through a user-friendly interface. It offers rental services for these resources, as well as hosting solutions for email servers. Additionally, Virtu features automation tools for bundling and distributing tokens, including market capitalization predictions. Finally, Virtu enables node owners to generate passive income by renting out their inactive nodes.
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Welcome to the Crypto Trading Group podcast, your go-to weekly guide on how to become a successful cryptotrader! Each week, we dive into the latest trends in the crypto market, providing in-depth analysis and updates to help you stay ahead. Whether you're just starting out or looking to sharpen your trading skills, this podcast is packed with valuable insights to boost your crypto journey.
Be sure to follow us on X at @CTGcrypto for even more tips and updates throughout the week.
Disclaimer: This podcast is for educational purposes only. Trading cryptocurrencies comes with risk, and any trades you make are done at your own risk. Always do your own research before making any financial decisions.
Today we dive into the fascinating world of Zilliqa 2.0! We’ll be analyzing the whitepaper and discussing the groundbreaking upgrades this blockchain brings to the table.
Zilliqa 2.0 isn’t just an update—it’s a complete reinvention of the platform, designed to meet the diverse needs of Web3 projects, both now and in the future.
Zilliqa 2.0 introduces a revolutionary approach to scalability through "state sharding," which splits the blockchain state into multiple "x-shards."Each x-shard is tailored to the specific requirements of the applications running on it, with customizable features like block size, block time, pricing models, and privacy settings.This innovative system ensures an exceptional user and developer experience, offering low latency, fast transaction finality, Web2-like usability, and seamless interoperability between smart contracts.In this episode, we’ll unpack the key innovations of Zilliqa 2.0, including:
🔹 x-shards: How they work, communicate, and enhance platform scalability.
🔹 Faster consensus: The transition from Zilliqa 1.0’s PBFT to the Pipelined Fast-HotStuff mechanism and its benefits.
🔹 On-chain smart accounts: Enhancing security and usability for users.
🔹 Interoperability with EVM chains: Exploring the Universal Cross-Chain Broker (UCCB) and its role in enabling seamless interactions across different smart contract platforms.
Get ready for an in-depth analysis of Zilliqa 2.0, a platform poised to shape the future of blockchain technology!
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Welcome to the Crypto Trading Group podcast, your go-to weekly guide on how to become a successful cryptotrader! Each week, we dive into the latest trends in the crypto market, providing in-depth analysis and updates to help you stay ahead. Whether you're just starting out or looking to sharpen your trading skills, this podcast is packed with valuable insights to boost your crypto journey.
Be sure to follow us on X at @CTGcrypto for even more tips and updates throughout the week.
Disclaimer: This podcast is for educational purposes only. Trading cryptocurrencies comes with risk, and any trades you make are done at your own risk. Always do your own research before making any financial decisions
Today we explore the fascinating world of Zilliqa 2.0, a blockchain of the future that stands out with its low costs, high scalability, eco-friendliness, developer-friendly design, and robust security.
We’ll delve into the unique features of Zilliqa, from its groundbreaking sharding mechanism to its thriving ecosystems of decentralized applications (dApps), NFTs, and DeFi.
We’ll discuss Zilliqa’s impact on various industries, including gaming, finance, community building, and more. Additionally, we’ll highlight Scilla, the secure and user-friendly programming language specially designed for Zilliqa, and the vibrant developer community around it.
Whether you’re a seasoned blockchain enthusiast or just starting out, our podcast offers valuable insights into the evolution of Zilliqa and its role in the future of decentralized technology.
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Welcome to the Crypto Trading Group podcast, your go-to weekly guide on how to become a successful cryptotrader! Each week, we dive into the latest trends in the crypto market, providing in-depth analysis and updates to help you stay ahead. Whether you're just starting out or looking to sharpen your trading skills, this podcast is packed with valuable insights to boost your crypto journey.
Be sure to follow us on X at @CTGcrypto for even more tips and updates throughout the week.
Disclaimer: This podcast is for educational purposes only. Trading cryptocurrencies comes with risk, and any trades you make are done at your own risk. Always do your own research before making any financial decisions
Today we take an in-depth look at WOO X, a platform designed for cryptocurrency trading. WOO X promises "all the opportunities of crypto, without the uncertainty" and offers a wide range of features to enhance your trading experience. From spot and futures markets to advanced trading tools and real-time execution analysis, WOO X aims to equip traders with the tools they need to succeed.
We’ll highlight the platform’s key features, including its commitment to security and transparency, with functionalities like proof of reserves and liabilities accessible 24/7 via a live dashboard.
Join us as we dive into the world of cryptocurrency trading on WOO X and discover how this platform can help you achieve your trading goals.
Disclaimer: This podcast is for educational purposes only. Trading cryptocurrencies comes with risk, and any trades you make are done at your own risk. Always do your own research before making any financial decisions.
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Welcome to the Crypto Trading Group podcast, your go-to weekly guide on how to become a successful cryptotrader! Each week, we dive into the latest trends in the crypto market, providing in-depth analysis and updates to help you stay ahead. Whether you're just starting out or looking to sharpen your trading skills, this podcast is packed with valuable insights to boost your crypto journey.
Be sure to follow us on X at @CTGcrypto for even more tips and updates throughout the week.
Disclaimer: This podcast is for educational purposes only. Trading cryptocurrencies comes with risk, and any trades you make are done at your own risk. Always do your own research before making any financial decisions.
Now, let’s get into lesson 12 of "how to become a cryptotrader!"
Today, we’re diving into a crucial aspect of crypto trading that is often overlooked: volume. While many traders focus on price charts and technical indicators, volume is a key factor that provides deeper insights into market dynamics.
Price and volume are the only two parameters you need to trade successfully.All indicators and tools are derived from these two elements.Volume refers to the amount of an asset traded within a specific time period.Why is volume so important?
An increase in volume indicates growing interest from major investors (institutions) who have significant capital and access to information (“smart money”).This “smart money” enters the market at specific levels, causing significant changes in volume.On the other hand, low volume suggests that mainly retail investors with limited capital are active, which can signal uncertainty in the market.Conclusion: Higher volume implies activity from “smart money,” making it a critical focus for traders.
In this episode, we’ll discuss the various effects of volume on price and how you can use this information to enhance your trading strategy. Stay tuned to learn how to interpret and leverage volume to make better trading decisions!
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Welcome to the Crypto Trading Group podcast, your go-to weekly guide on how to become a successful cryptotrader! Each week, we dive into the latest trends in the crypto market, providing in-depth analysis and updates to help you stay ahead. Whether you're just starting out or looking to sharpen your trading skills, this podcast is packed with valuable insights to boost your crypto journey.
Be sure to follow us on X at @CTGcrypto for even more tips and updates throughout the week.
Disclaimer: This podcast is for educational purposes only. Trading cryptocurrencies comes with risk, and any trades you make are done at your own risk. Always do your own research before making any financial decisions.
Today, we’re diving into the fascinating world of decentralized finance with a platform that’s making waves in the industry: Injective.
Injective is a revolutionary blockchain specifically built for decentralized finance, or DeFi. But what makes Injective so special?
Injective is designed to address some of the biggest challenges facing traditional financial systems, such as high fees, slow transactions, and limited access.What sets Injective apart is its speed. It’s the fastest proof-of-stake blockchain available today, meaning transactions are processed at lightning speed and with minimal costs.Injective embraces interoperability through the Cosmos IBC, enabling seamless connections with other blockchains. This unlocks a vast ecosystem of opportunities for users and developers alike.In this episode, we’ll take a closer look at Injective’s unique features, the benefits it offers to DeFi enthusiasts, and its impact on the future of finance.
Get ready to explore the world of Injective and discover how this groundbreaking blockchain is transforming the way we approach finance!
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Welcome to the Crypto Trading Group podcast, your go-to weekly guide on how to become a successful cryptotrader! Each week, we dive into the latest trends in the crypto market, providing in-depth analysis and updates to help you stay ahead. Whether you're just starting out or looking to sharpen your trading skills, this podcast is packed with valuable insights to boost your crypto journey.
Be sure to follow us on X at @CTGcrypto for even more tips and updates throughout the week.
Disclaimer: This podcast is for educational purposes only. Trading cryptocurrencies comes with risk, and any trades you make are done at your own risk. Always do your own research before making any financial decisions.
Today, we’re diving into RSR, a crucial component of the Reserve Protocol that's revolutionizing the world of stable currencies.
RSR stands for Reserve Rights and is a token that acts as the governance mechanism of the Reserve Protocol. This protocol is designed to enable anyone to create new stable currencies, called RTokens, which are backed 1:1 by a basket of tokenized assets. These assets can include stablecoins, bonds, gold, and even stocks.The ambition of the Reserve Protocol is significant: to create money that avoids the inflation of the US dollar while also steering clear of Bitcoin's volatility.RTokens provide a safe haven in the often turbulent world of cryptocurrencies. They are fully redeemable for their underlying collateral and offer protection against inflation, deep liquidity, and attractive yields. Additionally, there are no fees for minting or redeeming RTokens for collateral like USDC or ETH.Security is a top priority for the Reserve Protocol, with $2.3 million invested in audits and a $5 million bug bounty program on Immunefi. RTokens are accessible 24/7, ensuring you’re not limited by banking hours or holidays.RSR holders play a vital role in the ecosystem. Through governance, they decide the composition of the asset basket for each RToken and establish emergency measures in case of defaults.By staking RSR on an RToken, you contribute to the system's over-collateralization, adding extra stability. This creates a buffer to protect the value of RToken holders even if part of the collateral fails.The Reserve Protocol is designed to distribute the income generated by collateral between RToken holders, RSR stakers, and other Ethereum contracts. This fosters community involvement and provides flexibility for future developments. -
Welcome to the Crypto Trading Group podcast, your go-to weekly guide on how to become a successful cryptotrader! Each week, we dive into the latest trends in the crypto market, providing in-depth analysis and updates to help you stay ahead. Whether you're just starting out or looking to sharpen your trading skills, this podcast is packed with valuable insights to boost your crypto journey.
Be sure to follow us on X at @CryptoRebel4 for even more tips and updates throughout the week.
Disclaimer: This podcast is for educational purposes only. Trading cryptocurrencies comes with risk, and any trades you make are done at your own risk. Always do your own research before making any financial decisions.
Now, let’s get into lesson 11 of "how to become a cryptotrader!"
In this podcast episode, we’ll discuss divergences in the world of trading. Divergences occur when the price of an asset and a momentum indicator, such as the Relative Strength Index (RSI), send conflicting signals.
The RSI is an indicator that shows whether an asset is overbought or oversold.It measures the momentum of price changes and ranges between 0 and 100.An RSI value below 30 suggests that an asset is oversold, while a value above 70 suggests it is overbought.Typically, the price and the RSI move in the same direction. When this is not the case, and a discrepancy arises, we call it a divergence. These divergences can be bullish or bearish and are used to identify potential market reversal points.
We’ll cover different types of divergences, such as strong, medium, and weak bullish/bearish divergences, as well as hidden bullish/bearish divergences. Additionally, we’ll look at examples of how you can use divergences to spot trading opportunities.
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Welcome to the Crypto Trading Group podcast, your go-to weekly guide on how to become a successful cryptotrader! Each week, we dive into the latest trends in the crypto market, providing in-depth analysis and updates to help you stay ahead. Whether you're just starting out or looking to sharpen your trading skills, this podcast is packed with valuable insights to boost your crypto journey.
Be sure to follow us on X at @CryptoRebel4 for even more tips and updates throughout the week.
Disclaimer: This podcast is for educational purposes only. Trading cryptocurrencies comes with risk, and any trades you make are done at your own risk. Always do your own research before making any financial decisions.
Now, let’s get into lesson 10 of "how to become a cryptotrader!"
In this episode, we’re diving into a crucial aspect of risk management: the stop-loss.
A stop-loss is simply a predetermined point at which you exit a trade to limit your losses. It’s like a safety net that protects you from large losses when the market turns against you.
In this episode, we’ll go deeper into:
● Why stop-losses are important: We’ll discuss how stop-losses can help you avoid emotional decisions and protect your capital.
● How to set a stop-loss: We’ll look at different methods, such as using technical analysis, consolidation breakouts, and supply & demand zones.
● Common mistakes: We’ll talk about how to avoid stop-hunting and why a fixed percentage for your stop-loss isn’t always the best approach.
Whether you’re a beginner or already have some experience with crypto trading, this episode will give you valuable insights on effectively using stop-losses. Tune in to learn how to minimize your risks and maximize your profit potential!
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Welcome to the Crypto Trading Group podcast, your go-to weekly guide on how to become a successful cryptotrader! Each week, we dive into the latest trends in the crypto market, providing in-depth analysis and updates to help you stay ahead. Whether you're just starting out or looking to sharpen your trading skills, this podcast is packed with valuable insights to boost your crypto journey.
Be sure to follow us on X at @CryptoRebel4 for even more tips and updates throughout the week.
Disclaimer: This podcast is for educational purposes only. Trading cryptocurrencies comes with risk, and any trades you make are done at your own risk. Always do your own research before making any financial decisions.
Now, let’s get into lesson 9 of "how to become a cryptotrader!"
Market structure refers to the sequence of highs and lows in the price of a cryptocurrency. It helps traders understand how the price is currently moving and where it might go next.
A bullish market structure has higher highs and higher lows, indicating an upward trend. A bearish market structure has lower highs and lower lows, indicating a downward trend.
The podcast explains how to:
Identify swing highs and swing lows: These are important anchor points for determining market structure.Recognize breaks in the market structure (MSB): An MSB signals a possible trend reversal.Use MSBs for trading: The text discusses different ways to use MSBs as entry triggers for trades.The podcast also emphasizes the importance of confirming whether an MSB truly signals a trend reversal and is not just a temporary fluctuation.
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Welcome to the Crypto Trading Group podcast, your go-to weekly guide on how to become a successful cryptotrader! Each week, we dive into the latest trends in the crypto market, providing in-depth analysis and updates to help you stay ahead. Whether you're just starting out or looking to sharpen your trading skills, this podcast is packed with valuable insights to boost your crypto journey.
Be sure to follow us on X at @CryptoRebel4 for even more tips and updates throughout the week.
Disclaimer: This podcast is for educational purposes only. Trading cryptocurrencies comes with risk, and any trades you make are done at your own risk. Always do your own research before making any financial decisions.
Now, let’s get into lesson 8 of "how to become a cryptotrader!"
Risk management is crucial to succeed in crypto trading. The fact that 90% of traders lose money highlights the importance of having a solid risk management plan. The core of risk management is ensuring that you never risk more than 3-5% of your total portfolio on a single trade. This means that even if you experience a series of losing trades, you can still protect your capital and continue trading.
Instead of focusing on leverage, which can be risky, it’s essential to learn how to calculate the correct position size for your trades. Your position size is the number of units of an asset you buy, and it should be determined based on your risk per trade and the distance between your entry point and your stop-loss. By doing this, you ensure that even if a trade goes against you, you only lose a pre-determined amount.
Another key aspect of risk management is understanding the different types of risks involved in crypto trading. These include:
Market risk: The risk that an asset decreases in value.Liquidity risk: The risk of not being able to sell your assets due to a lack of buyers in the market.Operational risk: The risk of losses due to errors, such as human mistakes or software issues.Systemic risk: The risk that an event in the broader market, like the collapse of a large company, affects your investments.By identifying and understanding these risks, you can develop strategies to mitigate them.
Finally, it’s important to remember that profitability in crypto trading is not only about winning most of your trades, but also about achieving a good risk-to-reward ratio (R:R) over a series of trades. Even the best futures traders win only about 40% of their trades, so it’s crucial to ensure that your gains outweigh your losses. You do this by determining your entry, stop-loss, and target for each trade using technical analysis.
By following a disciplined approach to risk management, you can improve your chances of success in the volatile world of crypto trading.
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Welcome to the Crypto Trading Group podcast, your go-to weekly guide on how to become a successful cryptotrader! Each week, we dive into the latest trends in the crypto market, providing in-depth analysis and updates to help you stay ahead. Whether you're just starting out or looking to sharpen your trading skills, this podcast is packed with valuable insights to boost your crypto journey.
Be sure to follow us on X at @CryptoRebel4 for even more tips and updates throughout the week.
Disclaimer: This podcast is for educational purposes only. Trading cryptocurrencies comes with risk, and any trades you make are done at your own risk. Always do your own research before making any financial decisions.
Now, let’s get into lesson 7 of "how to become a cryptotrader!"
We are diving deep into the fascinating world of technical analysis—specifically, support and resistance. These concepts are the backbone of many trading strategies and are essential knowledge for both beginners and seasoned traders.
In this episode, we'll provide a comprehensive guide to understanding support and resistance levels in the context of crypto trading. Support acts as a price floor—a level where buying pressure has historically been stronger than selling pressure, potentially causing the price to bounce back up. Resistance, on the other hand, acts as a price ceiling, where selling pressure typically outweighs buying pressure, possibly leading the price to drop.
We'll explore how to identify these critical levels on a chart by spotting price points where the market has repeatedly reversed in the past. We'll also delve into the concept of S/R flips, where a broken support level can become new resistance, and vice versa.
Furthermore, we'll analyze the significance of breakouts and breakdowns, and discuss the pitfalls of false breakouts and breakdowns, as well as stop-loss hunting by institutional traders.
Finally, we'll cover advanced techniques for determining high-probability entry points, including how to use retests and confirmations of breakouts and bounces to your advantage.
Prepare to deepen your understanding of support and resistance and elevate your trading skills to the next level!
- Visa fler
