ROAD MAP

I will Be Building a ROADMAP Here for you to help you navigate to profiting off of Digital assets.  Check Back frequently since this is an Organic Site that I will work on as needed since the terrain of making money in this market is constantly evolving.

STEP 1.  GET ON AN EXCHANGE.  COINBASE   Kraken  Binance US  KYC takes time.

STEP 2. KNOW WHAT YOU ARE BUYING.  CoinGecko   Messari   TradingView

STEP 3.  Take your time and don’t rush!  It’s important to research your altcoins thoroughly, and completely understand the risks and think carefully before you place any trades.  

STEP 4.  Determine the best performing assets the last 30 Days by using Messari to filter all assets.  Go down to the section called LIBRARY and select ALL ASSETS. Select Change VS USD (30D).  This should rank the AltCoins by performance the last 30 Days.  It should be all green numbers descending beneath that column.  If you see red click it again.  You can now click on a name and it will take you to an overview of that coin.   If you still do not know what that coin is see if CoinGecko is a help by searching the coin on Coin Gecko.  Determine what exchange that asset is on.

5.  Examine the Market CAP, and the circulating supply on Coin Gecko. Also pay attention to Bitcoin Dominance.  

6.  Use tradingview to formulate a technical analysis and determine the direction of the market.   You have to pull up the asset, and use the monthly, weekly, and daily to determine lines of support and resistance as well as trend lines.   Draw Fibonacci to determine potential targets.  Know that you do not know where the price is going however you can determine where it probably will go... but you may be wrong.  Determine market structure to protect your investment.  Support becomes resistance and resistance becomes support.  Add a 10 day and 20 day moving average and use the MACD to confirm.  Drop down to the 4 hour and 1 hour for entry.  Do not go against the bigger movement.  Technical analysis takes years of study and if you keep at it most of us will get better.  

7.  Put your trade plan in writing.  Have an entry, an exit(a take profit also called a limit).   Later on a stop loss(or stop limit).  When you first start use a very small amount,  10 dollars or something you won't cry if you lose.  Spend six months and see how much you can earn.   Use apps to watch the market a few times a day.   Where you correct with your prediction.   

Its alot more than this, Financial literacy is a journey not a destination!  Be patient there is always something new that will grow your money.  

 

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