I am into crypto since a couple of years but I took it seriously since a few weeks. I am trying to learn as much as I can from Technical Analysis, Theories and Formulas to reading about Projects and white papers while also understanding new technical projects like DeFi etc. At the same time I’m active on twitter, trying to understand certain calls as well as researching tokens. Now, this is a lot of work and I know that most of it is necessary to have a overall better understanding of crypto and be successful. **However, I would like to know what resources have helped you the most in being profitable?**
For example, did Fibonacci helped you do better trades? (I heard it’s not efficient for low MCs)
Did being early on certain twitter calls helped you the most?
Did studying books about traditional technical analysis and their formulas improve your decisions massively or could you break it down to a few key ideas?
Are most people just looking at Support/Resistance lines or there other very common strategies?
I can see why RSI and Support/Resistance are very important. These make sense to me. But would it be very beneficial for me reading hours of books about traditional charts and technical analysis for crypto instead of looking up the basic formulas and theories or should I invest my time in other crypto areas?
The fact is, there is a lot of garbage out there, and I learned a lot through trial and error and applying concepts from stocks to crypto.
I started a blog to hopefully help educate people on cryptocurrency so they don’t have to make all the mistakes that I did. I hate being self-promotional, but I think my blog is probably the sort of resource you’re looking for: [No Nonsense Crypto](https://nononsensecrypto.substack.com/).
Investopedia has really good information as well, and while it’s mainly geared toward traditional finance, a lot of the concepts fit cryptocurrency as well.
I personally don’t think there’s much value in technical analysis beyond very basic horizontal support and resistance lines–if you actually track the success rate of trades based on technical analysis blogs you’ll find that it’s not particularly good, probably because these blogs are more about market manipulation than actual information. That’s why I try not to give any specific advice in my blog but instead focus on presenting general concepts that allow you to make your own decisions in an educated way. I do use technical analysis to try to time the market, but I spend a lot more time on fundamental analysis.
If I can communicate no other concept, I’d like to just say: diversify. That more than anything else will keep you from getting rekt.
I would say that the less I do, the less I touch, the better! Auto pilot strategies even better!
I DCA into my favourite projects every month
I stake my crypto on Binance
I use defi platform yield app for BTC and stables
When I engage in trading either day or swing normally I end up having worse performances than if I stick to my previous hand of strategy
Interesting, I just first read about it a lot and trying to understand so I started mining and masternodes. I invest kind of top 100 as I would in SP index. Some projects caught my eyes and invested in those. Never put all your eggs in one basket.
Ressources: Everything except reddit. Do exactly not what they reccomend. (See what I did here?)
Strategies: Buy + Hold
Stake stable and layer 1 pairs if you want low risk. You can get good returns above 20% apr.
Here are a couple threads I found value in (re: cognitive bias, doing research)
https://twitter.com/thedefiedge/status/1490765231248838661
https://twitter.com/shitc0in/status/1491711613182820356
patience is HIGHLY underrated and overlooked.
The analysis is good but I think researching and keeping up to date with current information is vital. For instance, Blockbank has received licenses to trade in most European countries and this news alone will trigger a lot in the market.
Keeping up to date is a good strategy.
The analysis is good but I think researching and keeping up to date with current information is vital. For instance, Blockbank has received licenses to trade in most European countries and this news alone will trigger a lot in the market.
Keeping up to date is a good strategy.
Finding the right YouTube channels, perusing telegram chats and discord servers, integrating with solid communities. Juno and Cosmos communities have been essential in my portfolio growth in the last six months 🙏🏼
I would suggest you check out kogefarm.io autocompounder
They have been around from may 2021 and are multi chain
1)they have the lowest fees as compared with other autocompounders
https://koge.gitbook.io/kogefarm/fees
2)They have completed 2 audits
https://koge.gitbook.io/kogefarm/audit
3)Bug bounty program with Immunefi
https://koge.gitbook.io/kogefarm/immunefi
Also a lead public dev
So you can check out the website
[kogefarm website](https://kogefarm.io/vaults)
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