$ETH Balance on exchanges has hit a 6year low.. With the etf approval this scarcity can incerase even more. Im very bullish on eth as a speculation i would say we can have a potential of 10,000$ this cycle. (Not a financial advice)
This series aims to provide a comprehensive understanding of how being fundamental and mastering the connection of events can lead to successful trades in cryptocurrency. By staying informed, analyzing the impact of events, developing a strategic approach, and managing risks, you can enhance your trading performance and achieve long-term success. Stay tuned for more in-depth insights and practical tips to navigate the dynamic world of cryptocurrency trading.
Episode 6: Managing Risks - Protecting Your Investments
In our final episode of the series, we focus on risk management, an essential aspect of successful trading. Even the best strategies can fail without proper risk management techniques. We’ll explore various methods to protect your investments and ensure long-term success in the volatile cryptocurrency market.
Key Topics:
Diversification: Spreading investments across different assets to reduce risk.
Stop-Loss Orders: Using stop-loss orders to limit potential losses on trades.
Position Sizing: Determining the appropriate amount to invest in each trade based on your risk tolerance.
Regular Reviews: Continuously reviewing and adjusting your portfolio and strategies in response to market changes.
Episode 5: Developing a Trading Strategy - From Information to Action
In this episode, we transition from gathering and analyzing information to developing a robust trading strategy. A well-thought-out strategy can help you capitalize on market opportunities and manage risks effectively We’ll cover different types of trading strategies and how to align them with your findings from fundamental analysis.
Key Topics:
Types of Strategies: Exploring different trading strategies such as day trading, swing trading, and long-term investing.
Entry and Exit Points: Identifying optimal points for entering and exiting trades based on fundamental analysis.
Combining Analysis Methods: Integrating fundamental analysis with technical analysis for a more comprehensive approach.
Backtesting Strategies: Using historical data to test the effectiveness of your trading strategies before implementation.
In this episode, we focus on analyzing the impact of news and events on the cryptocurrency market. Knowing how different types of information affect market sentiment and prices is key to making strategic trades. We’ll discuss methodologies for assessing both short-term and long-term implications of various events.
Key Topics:
Market Sentiment: Understanding how news influences investor psychology and market sentiment.
Types of Events: Differentiating between events that have immediate impacts (e.g., regulatory announcements) and those with long-term effects (e.g., technological advancements).
Historical Data: Using past events and their market impacts to predict future reactions.
Quantitative vs. Qualitative Analysis: Balancing numerical data with qualitative insights to form a comprehensive view.
Episode 3: Staying Informed - The First Step to Success
In this episode, we delve into the importance of staying informed in the fast-paced world of cryptocurrency. Staying up-to-date with the latest news, industry reports, and social media updates is crucial for making informed trading decisions. We’ll explore various sources of information, tools, and platforms that can help you stay on top of market trends and significant events.
Key Topics:
Trusted News Sources: Identifying reputable news outlets and websites for reliable information.
Social Media Channels: Utilizing Twitter, Reddit, and other platforms to get real-time updates and community insights.
Industry Reports: Leveraging in-depth analyses and reports from industry experts and research firms.
Aggregators and Tools: Using tools like: - CoinMarketCap, -CoinGecko, -and other aggregators to monitor market trends and news.
A market that is characterized by volatility and speculation approaching it with a fundamental analysis can get you a more stable fundation. So what means to be fundamental and how can it lead to succesful trades?
Being fundamental is simply evaluating the intrinsic value of a digital asset by examining different factors such as;
1.underlying technology 2.use case 3.team 4.market demand 5.industry trends 6.war state 7.world state 8.economy state
Unlike technical analysis, which focuses on price charts and patterns, fundamental analysis looks at the broader picture to determine whether an asset is undervalued or overvalued.
Thank you for reading and lets progress to our next episode.
Well in this case were talking about crypto and its successful trading process. Youre sitting and wondering why the trades of your life are not coming to your way, either you spot trade or future trade or etc. The answer is simple: 1. Youre not well known enough with the fundamentals 2. You havent trained your mind to connect every event and make an assumption of it
But then whats the key?🔑
The key is to realise: 🔑its a butterly effect that is happening over and over again…
Are you curious how you can train this skill? Are you interested how can you start becoming more profitable by just knowing your fundamentals right?
Follow my toughts trough theese articles and lets become profitable together.
!!!This is just a tought process not certainly a financial advice as i am not a trained financiam advisor!!!