HOW MANY OF US HAVE COME TO THE WORLD OF CRYPTOCURRENCIES BY STORIES OF PEOPLE WHO GOT RICH FROM NIGHT TO THE MORNING
of course some cases those stories have to be truth but almost every trader i met that do trading for living they work and study a lot of time. the luck its the less important issue here.
they know a lot of self control of their emotions and patience.
SO ON THIS POST I DO NOT PRETEND TO DECEIVE YOU AND TELL YOU THAT YOU WILL LEARN EVERYTHING YOU HAVE TO KNOW THE MAIN REASON FOR THIS ASEVERATION IS THAT I HAVE ALSO LEARNED IT BUT IM COMMITTED TO LEARN.
WHEN I READ THE FIRST SPANISH TRANSLATED ARTICLE IT SAYS THE BULLS WERE COMING SO GET PREPARED MYSELF TO IT .... WTF !!! OR IN ANOTHER JAPANESE CANDLES ARE IN SHOGO AND THEY ALREADY KNOW IT MEANS! (IN MY MIND I THOUGH ... I DO NOT KNOW ... HELP!)
Well here is my little glossary of my authorship compiled from several online and offline sources
- BULL means that the market will go up in other words the price of the crypto currency in this case will rise so it is a good time to appropriate some of those currencies
- BEAR means that the market will go down or the price will go down so it is prudent to sell your crypto before
you end up losing your money - SHORT they use this term to say that the profits of that crypto expect it to be short-term in hours to days
MID: they use this term to say that the profits of that cipto are expected for weeks - LONG: foresee that the gains or price increase will be in months
- EXCHANGER: It is the name given to the web page where you can buy and sell different cryptos. The most famous are bittrex, binance, kucoin, Poloniex.
- WHALES or WHALES: people or companies with such large capital are called! that when investing in a currency they increase its price exponentially !! and in the same way to obtain profits and withdraw the price of the cryptocurrency falls again!
- JAPANESE CANDLES: They are a type of design to analyze the market that are the ones in the 1st image of the post
THIS Topic IS HUGE and GIVES MATERIAL FOR A POST ONLY ON THEM. but the summary is that:
Greens are rising (that purchases are greater than the sale .. and this causes the price to rise) and the red ones are the losses (exactly the opposite)
The closer the green box approaches to the upper end of the line, it is suggestive that the price will continue to rise
in other words, between the body of the candle is closer to the maximum price is more likely that the price continues to rise and in the same way the oppositeThe less close to the extremes means that the market is undecided and therefore it is not prudent to make a move.
THERE ARE DIFFERENT TYPES OF CRYPTO THERE ARE THEIR FUNCTION IS TO SERVE AS A CURRENCY AND THOSE THAT ARE A PLATFORM (THIS WANTS TO SAY THAT CAN FULFILL FUNCTIONS)
EXAMPLE OF THESE ARE THE MOST POPULAR
BITCOIN IS A CURRENCY AND ETHEREUM IS A PLATFORM
ETHEREUM IS CAPABLE OF DOING SOMETHING NEWLY CALLED INTELLIGENT CONTRACTS WHICH MEANS THAT THEY ARE PROGRAMS WHICH ON FINISHING THEY CANT BE CHANGED ANYMOREAND ALWAYS COMPLY WITH THEIR ORIGINAL PORPUOSE AND THIS PROJECTS ARE BASED ON ETHEREUM.
Y recuerden si les interesa seguirme
