➖ The market moves in cycles and each cycle is composed of waves.
➖ After a bearish cycle we have a bullish cycle. ➖ Within each cycle we have bullish and bearish waves.
➖ We can see on the chart that the better part of 2024 has been a major correction. After this correction, we will experience consolidation followed by a major bull-market.
Strategy | Cryptocurrency Trading 101 with Alan Santana
👉 Polkadot has the potential to hit a price of $145 in 2025. We can calculate a range of $125 - $150 to be safe. Knowing this, we can work now on developing our strategy.
The main mistake traders and aspiring traders make consist in either selling too early or holding losers for too long.
Since the correction is reaching its end, we don't have to worry about the "holding losers for too long" part anymore and can focus instead on "selling too early."
We tend to sell too early because we either don't have a plan or just don't know the potential of the pair/project we are holding.
Here, I am sharing with you my plan and also revealing the growth potential.
👉 The strategy is very simple: Buy and hold.
I can buy everything and as much as I can/want below $5, forever and a bit more and hold long-term expecting higher prices. (It is possible also to continue buying once the pair/project starts to grow.)
➖ No leverage, no margin, no risk. Buy and hold.
That is as simple as it can get.
This is my strategy. You can follow it if you like. It has been time tested and so far produces amazing results.
Thank you for reading.
Thanks a lot for your continued support.
I am wishing for you tons of profits and success now and in the years to come.
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