The crypto market is highly volatile by nature. Trading there can quickly generate large sums of money, but serious losses are also possible, which can bring you back to square one, or even let you fall into the debt trap. In order to minimize this risk as much as possible, there are some mistakes that you should avoid when buying one of the numerous cryptocurrencies such as Bitcoin, Litecoin, or Ethereum.

A major mistake in crypto trading is the lack of strategy. Before you enter the crypto market, you should have clarified the general conditions for yourself. This includes the capital to be used, the time frame, a goal, and an emergency exit plan.

Have you picked up a hot tip and want to implement it immediately? If the answer was yes, you just made mistake #2. Regardless of whether they are work colleagues, friends, or YouTubers, you shouldn't rely on their advice - especially not if you don't understand a lot about the subject yourself. Find out more, familiarize yourself with the courses and work out your own strategy. That way, in the long run, you'll get better driving than blindly following someone.

As mentioned at the beginning, the crypto market is highly volatile. So it's easy to fall deep when you're risking a lot. As a general rule, only invest as much as you can afford to lose. Beginners, in particular, should also carefully weigh up trading with small altcoins, as these can be associated with high profits, but also involve significantly more risk than, for example, Bitcoin.

When a cryptocurrency is experiencing an upswing, many newbies tend to jump on the bandwagon and invest. Here, however, the utmost caution is to not buy high and sell low later. On the other hand, there is also the widespread phenomenon that selling high is made as soon as price crash. In such cases, selling prematurely turns into a loss in hopes of preventing even greater financial losses. It is better to do the opposite: buy when the rate is low and sell when the rate is high (at least part of it).

This mistake is not universal, so with the big cryptos like Bitcoin or Ethereum it doesn't have to be bad to focus exclusively on these, after all, both have a big impact on how the rest of the market behaves. However, if you are planning a longer-term trade in which you want to expand your portfolio and also invest in smaller altcoins, you should also rely on more stable crypto assets as compensation.

Unfortunately, crypto crimes are no longer an exception these days. On social platforms, forums, and other places on the net, fraudsters ask the ignorants to send cryptocurrencies with the promise to skillfully multiply them. Beware of this and never get involved in dubious trades!

Trading in crypto should never be done on the side. A proper strategy and knowledge are required in order to be able to achieve long-term success. At the same time, it is important to only approach the matter with your head and to ignore emotions. Especially with strong price fluctuations, many tend to act impulsively, which is the biggest mistake in crypto trading.

This article is written by one of our Discord members. He recently managed to earn more than USD 25,000 by purchasing Rabbit NFT, as suggested in our CryptoTicker Discord Group. He decided to share his own experience and tell people how this happened to him.

Binance Smart Chain can give some really bad memories for a lot of people since it's quite known for a lot of "Pump n Dump" coins and Scams. But not for me.

I joined quite late this cycle and used Ethereum Chain. With those massive gas fees, it was out of the question for me. All my first steps in DeFi were participating in IDOs or IFOs on BSC ( Binance Smart Chain) and using Pancakeswap. Since I got some CAKE staked in Pancakeswap, I followed all news in regards to this platform.

Since I wasn't able to really participate in this whole NFT situation because of gas fees I was euphoric at the point Pancakeswap (PCS) released the news in regards to releasing their own NFT marketplace. And then they even said they would release their own first NFT collection. PCS has around 2 million active users so I knew this would be huge. I Only had this picture in mind:

In our Cryptoticker Premium Discord, we have a specific channel for everything happening on the Binance Smart chain. So I went there to discuss everything I needed to know in the days prior to the drop.

They told me I would need to up my GWEI manually since everyone would try to mint at the same time. The price for one NFT was 300 dollars so I decided to get 3 ( if I even get one).

The day of the drop came. All of us in the discord sat down to press the mint button right as it came up. It wasn't clear if you would need to reload the page or not, so I just waited without refreshing.

The button finally appeared. Click click, GWEI to 50 (unheard of on BSC, paid 50 dollars for the transaction alone!). I then got my 3 NFTs. The drop was sold out after 2 blocks ( 5 seconds), so I was over the moon!

I was actually kinda lucky, as I got one "rare" and 2 "middle of the pack rarities". I sold all three of them for a hefty USD 25.000 dollars. Not too shabby ;)

"We all gonna make it".

--> Just click here to join us in our VIP Premium Discord Group <--

Trading digital assets is an art that requires maximum focus and attention. This is because the market is unpredictable, and traders must react quickly to price moves. Also, in the absence of these two key ingredients, a trader might suffer a huge loss. Newbie traders also have a knack for seeking inspiration from established traders. And this is because they have a track record of making correct predictions and making profits from them. While some traders rely on inspiration, others have mastered the art of trading in the market.

Unlike the newbies, successful traders have a trading strategy that works for them in their daily trades in the market. Crypto trading and investing are two of the famous techniques traders have adopted in the market over the years. Even though intertwined, they both require different strategies and approaches to bring in profits. In this article, we will be looking at the trading and investing strategies in the crypto market and the difference between them.

Investing in crypto means that a trader wants to make a long-term trade in a digital asset. A trader takes on this trading strategy; he bases it on a long-term trend and fundamentals. In this strategy, a trader opens a position at a low price with the hope of selling in the future at a high price. Majorly, this strategy is defined by the amount of time a trader wants to hold a particular asset. Hodl, in this case, means that the time frame that the trader wants to keep the asset in his portfolio.

A trader might decide to add more to his tokens in crypto investing, provided the price is on a downtrend. Traders also do not look at short-term price targets as they focus on targets over a longer period. To break it down, crypto investing is when a trader decides not to sell The main point of hodling is to increase the number of coins, thus increasing the profit.

One key characteristic of crypto trading is trading in the short term. To follow this strategy, traders usually use trends and technical analysis based on the short term. In this strategy, traders usually stop as soon as the market turns a bearish trend. In this strategy, traders usually recoup low profits as they buy the asset on a high side.

They also sell their bought assets when the price is slightly higher than the investing strategy. In this strategy, the traders will focus mainly on earning more money instead of getting more coins. They focus mainly on the amount of money they can earn in a short while instead of the investing strategy.

Even though the two strategies are always confused at all times, they are not the same. To adopt both trading strategies, one would need a great deal of patience. Even though rewarding, mastering both strategies is extremely brain-tasking. Most traders at some point have tried using both to determine which works best for them. A huge pool of traders sees crypto trading as the hardest of the two strategies.

This is because a trader that wants to adopt the strategy might run into a loss. Also, a crypto trader would need to be available in case of a sharp decline run by an asset. One important aspect is that both traders must always have spare cash to invest at a better time.

Choosing which cryptocurrency to trade is just a tiny step in a long list of actions to become a seasoned and an established crypto trader. While most traders have had to come up with their unique trading strategies, all of them have, at some point in time has studied the technical analysis of the crypto they planned to trade. One spoiler is that no matter how good you claim to be in reading the technical analysis of a digital asset, there are still significant challenges to overcome. In this article, we will be looking into Crypto trading bear flags and how we can navigate it to increase our earnings in the crypto market.

A Bear flag is defined as a technical pattern categorized by a continuous movement in the downward trend by a digital asset. To capture a bear flag, the digital asset in question needs to make a strong decline move before consolidating in a near upward region followed by another strong decline. With the strong downward movement known as the Pole, the consolidation region is regarded as the Flag.

In layman terms, a bear flag is briefly described as any consolidation in the middle of two strong downward movements on the trend line. A bearish flag is solely characterized by the selling pressure in the market at a specific period. It shows that even though the selling pressure is very much around in the market, traders are still backing the asset to make an upward push.

To identify the Bear flag, a trader must always lookout for the two integral elements that make up the Flag and Pole. While those are essential elements, the volume indicator, and the breakout are also important elements one should look out for on the chart.

To pick out the pattern, one must first find the pole defined above. The pole is determined by the longest downward price decline on the chart. After this point, the Flag would enter the consolidation channel in which the price would look to make an upward movement.

After the consolidation period of the trendline, there are potentially two outcomes; an upward trajectory or a downward trajectory. If the price moves on upward after the consolidation, the flag pattern will not be visible as the previous downtrend would be making a reverse. The trend line needs to make a decline so that the flag pattern will be visible, showing a break below the support level of the Flag.

When a bear flag occurs, most traders in the market use the period to create their sell orders. Traders also use the flag pattern to measure their profits since the pole's distance can be used to know if the price may eventually go downward. Compared to most chart formations, it is easy to read the bear flag pattern when making trades. Most traders use the dynamics in the bear flag pattern to develop ways to boost their profits in the bear market.

To do this, the majority of the traders wait for a close under the Flag's support before choosing to go short on the next candle. Traders also wait for the price to move close to the moving average before they trade the bear flag, as it could make a reverse higher before it gets to the moving average. Instead, traders wait for the price to make a stop at the 20 Moving Average before they look for opportunities to go short.

We at CryptoTicker have been active in the crypto market for many years. We report daily on what is happening in the industry, what' hot, and what's not. Over 3,000 published articles on our site helped our readers to profit from crypto. Only a few can talk about our reputation and sound crypto advice in the US and EU regions.

In order to be able to cover every topic, the CryptoTicker team is now 20 members and consists of experts with competencies in all areas of the crypto sphere. This is also the case in trading and this is exactly what we come to talk about in this article. It is how we can take your portfolio performance in the bull market to the next level.

The trading strategies of our analysts have consistently brought extraordinary profits to our team, so we asked ourselves why shouldn't we share these strategies with our readers? After further deliberation, we decided to develop the CryptoTicker Premium area.

As a CryptoTicker Premium Member, you will receive daily trading setups from our analysts, and assessments of the current market situation. You will always receive a competent answer if you ever have a problem with crypto-related issues. In addition, Premium Members enjoy access to exclusive articles, ad-free experience on our website, and can exchange ideas with our experts and more than 200 other members at any time.

Unlike most premium providers, we do not publish any performance statistics on our website whose authenticity cannot be verified. Instead, we use a publicly viewable Discord channel on which the results of all past trades (including evidence) are published transparently at regular intervals. All you need to watch is a Discord account.

We give interested parties an insight into the bare numbers, even before a premium membership has been concluded.

The world of trading was once only available to elite investors. Big financial institutions were simple middlemen that matched both sides of the trade while earning hefty commissions. Today, this is not the case anymore as this forbidden world opened up to the masses. Anyone today can grab his smartphone, open an account with a broker and start trading from anywhere in the world. Many services started to pop up to cater to the average Joe. From easy guides to trading schools...the world of trading became an industry by itself. One of those newly established services is trading signals, which are pieces of information sent to traders about the asset's price direction. Can those signals be worthy and REALLY make you money? Let's talk about crypto trading signals.

If you're looking for an easy explanation, trading signals are helpers that give traders a helping hand in determining if a specific asset was to go up or down. If traders know the direction of the trade, they would directly place a buy or sell order accordingly. Thing is, not all traders are good at technical analysis, or some even get too emotional when the markets are highly volatile. Trading signals represent green lights that highlight potential entries or red lights that highlight bad ones.

The equity market has two sides that work in tandem: a technical aspect and a fundamental aspect. Most portfolio managers rely on fundamental analysis around 70% of the time when trading for their clients, and only use technical analysis to assess good entries and exits.

For cryptocurrencies, things are a bit different. When there is good news in the crypto market, all cryptocurrencies rise in value. That's why there's no need to assess individual cryptos. On the other hand, technical analysis is mostly used when there is no fundamental news in the crypto markets. So far, crypto traders are 70% of the time using technical analysis to correctly forecast future crypto prices. This is turning out to be a good strategy so far. The cryptocurrency market is purely driven by supply and demand, the fact that makes the market fairer than legacy markets that have much governmental and institutional intervention.

Do you feel very emotional when approaching your trading? Are you barely sleeping and have your eyes glued to the screen? Are you losing when day trading cryptos? If you answered yes to any of those questions, then it is time to either quit your trading journey or find a solution. One of those solutions is using a trusted signal provider like Profitfarmers. Those guys have sophisticated AI algorithms that search the markets for specific data points. Their trading experts then handpick the best trading signals and put them in their users' dashboards.

Profitfarmers provide extensive datasets for users in order to place educated trades. They provide an entry zone, which gives users the flexibility to buy or sell within a price range. This is followed by up to 4 profit-taking price points, allowing users to pick how long they'd want to hold. They also provide a stop-loss area that limits the trader's losses and acts as a safety feature in case things turned sour.

Using Profitfarmers is very simple and easy. Within a few clicks, you register for an account and are already inside your dashboard. Other than a good user interface, they boast a "co-pilot" system that guides beginners who just started trading. Along the way, traders will definitely learn and become experts with time. Additionally, Profitfarmers offer a Copy-Trade system that does all the researching and planning on your behalf. Users just pick a signal, choose an entry price and copy the trade.

One unique feature that this company also offers is the Price Action Scanner (PAS) which quantifies hundreds of crypto values into simple-to-understand colors and gives users cues for finding the best trades of the day. So instead of spending hours flipping through charts, users get one color-coded view with ALL THE DAY’S ACTION.

Another cool feature that Profitfarmers offers is the Relative Strenght Index Scanner (RSI Scanner). This will show users overbought and oversold assets, so they can identify price trends BEFORE other traders. That way, they can get in on all the action BEFORE the market is aware it even exists.

Not everyone is fit to correctly assess the market and make sound decisions when it comes to trading the markets. With cryptocurrencies, it is even harder as those markets are highly volatile. Using a crypto trading signal provider is a sound alternative. On the other hand, users should always research the provider and look through their credentials and history. Profitfarmers looks like a trustworthy crypto trading signal that can guide beginners on their trading journey with their intuitive platform.

Happy Trading!