Learn How can Trade Crypto Safely

Hi Friends, I am big learner of Crypto and here i have collected best tips for crypto trading so everyone who are looking for learning or trading can get help at one place: Kindly read and use them carefully:

Setting buy orders ahead of time comes from the logical mind.
It removes emotions from your decision making.
If you put them there in the first place, there was a reason you did that.
You used reason to do so. Stick with this logic & reason & don't FOMO.

Once a coin breaches its last resistance, it begins to discover new characteristics of price (i.e. supports & resistances). This is known as Price Discovery. Use fibs to ascertain with some level of probability where a rally rooted in price discovery will end

You will rarely catch the bottom.
Accumulate in already deeply retraced regions, averaging down your overall price with every x% drop.

Don't get greedy by banking on small drops only to risk missing out on big rises.
Avoid being “penny wise, pound stupid.”

Reflect upon a bad trade. Analyse what you did wrong. Figure out what you could've done better.
A bad trade is an opportunity for growth. Heed the lessons it teaches & move on.
If a minor loss is the price to pay for newfound wisdom then it was worth it.

It's difficult to be completely detached when invested, emotionally or financially.
It's important to be able to read indicators & price action through the lens of logic.
Only then you won't hesitate to sell at a moment's notice when the time is right.

Setting Stop Losses ahead of time comes from the logical mind.
It removes emotions from your decision making.
If you put them there in the first place, there was a reason you did that.
You used reason to do so.
Stick with this logic & reason.

New coins have less historical price action so the TA on such coins won't be as strong.
The more price history a coin has, the better & stronger the predictions that can be made.

Bigger patterns on price action & higher timeframes tend to offer stronger signals than smaller patterns on price action & lower timeframes.

Always remember the bearish charts - take note of them.
Re-visit them every now and then until they are ready.
Bearish charts go bullish at some point.

Out of all the waves, the 3rd wave is the safest to play while the 5th wave the riskiest.
Wave 3 is often the longest but never the shortest compared to Wave 1.
Wave 5 - though it can extend exponentially - often truncates or fails altogether.

When in a bull market, we get overly bullish in our predictions.
When in a bear market, we get overly bearish.
Regardless of the current state of the market, it's key to keep a level-headed approach and not fall victim to our innate cognitive heuristics.

Cut your losses short to avoid them ballooning out of proportion. Otherwise, you end up stuck with bags & hope.
Hope is not strategy, it is emotion.
Which is why it will accompany you until the bitter end. Hope is what dies last. Your bags die much sooner.

Volume is emotion.
It's either FOMO or FUD.
Study past volume & compare to current volume bars.
What was the volume like then, what's the volume like now?
Volume paints a picture of past & present fear and greed.
Crucially, it shows changing sentiment.

Don't marry your bags.
Ride them as much as you can but don't think twice to sell if the move is exhausted.
Use your bags as a vehicle to wealth rather than being driven by a misguided hope that they'll go higher.

$crypto newbie trading tip
Previous resistance becomes new support