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$BTC #CryptoDecision #cryptohints #crypto101 #MarketExperts #Market_Update Trading 101 If you re new to trading and not certain when to buy into a market. The best way is to use the most simple way. Using the golden cross method on higher time frames using the 200 MA and the 50 MA. When they cross, it signals trend movement. On the cross, draw a horizontal line, making it your support and resistance barrier. When a market crosses, it will also retest to that same level, it also allows you to cancel out false breakouts. A very simple 101 method, and allows you to put in stop losses properly when entering a market. I used this method on other exchanges, and it is the best way, also, dont target high leverage. I always set my market at 5:1, for every 1% gain, I get 5% return. Also allows you to not lose your funds much faster. When trading, make a trade of 1% of your overall account, allows you to lose less, and if market works in your favour, your 1% trade, is a 5% profit. Trade smart, dont chase greed.
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#MarketIndicator #BTCâ #MarketDownturn #marketanalysis. #CryptoDecision The worst case retest level for BTC would be 30400 level. That is if 49000 is broken and trading is below that level. Which means weekly is pulling back to the 200MA for retest. This was bound to happen, as the weekly was trading too far from the 200MA for some time. Once retest is completed, then BTC is gonna break previous ATH after bearish retest is completed. Retest is healthy for a balanced market, if no balance, it wil collapse on itself, as selling pressure will just keep increasing if no retest is done.
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#BTCâ #MarketDownturn #CryptoNewss #crypocurrency Retest was done at 60587 level going up, now its gonna push down to this 56900 level, if broken, then 49000 retest incoming
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#BTCâ #CryptoNewss #MarketDownturn Retest was done as I mentioned, broke down again, meaning downward movement
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#MarketDownturn #BTCâ #MarketIndicator #marketanalysis #CryptoDecision 56700 Level retest incoming for BTC. If it is broken, then retest down to 49000 level. Should the 49000 level also be broken, then expect retest down to 38500 level. Gonna be a bumpy ride. But is healthy, and a much needed proper retest dor BTC to continue its future growth trajectory. Be careful on taking high leverages, bot worth the risk, seasoned traders prefer low leverage, ensuring profit gained. Use these markets resets, and trade with your brain and intuition, dont trade with greed.
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