Get Solid First. Then Get Crypto.

in #crypto6 years ago (edited)

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Listening to Shoota by Playboy Carti & Lil Uzi. This has been my song to absolutely grind to the past few weeks. In the gym, coding for hours, trading. It puts me in the right state of mind. Focused as ever. Here's what I've got for us coming.

  • TA on Bitcoin and the crypto market
  • Program to teach crypto trading (accepting STEEM)
  • How to make money in a bear market
First things first,

Bitcoin TA:

As we speak Bitcoin is dropping hard. Breaking out of a big bear flag and the measured move looks like another $2000 move down. This is some very basic TA, but usually that's all that is needed. One important horizontal support level occurs at $6200-$6400. Upon break of this, the trend would be confirmed and my target would be 4.8k(next big weekly horizontal support level).


Next, I have dropped a crypto trading program to teach the basics of trading. Essentially, the class allows you to look at a chart and be able to form your own opinion, set up your entries/exits using risk management strategies, and execute profitable trades. It's a course to teach you your OWN trading strategy. Whether you want to use RSI and MACD to confirm the volume of a trend, or trade breakouts using triangle patterns, this course is perfect to help you build that strategy.

Here's a sneak peek into the website, I'll drop the link soon:

Finally, how to make money in a bear market:

So, you can always short coins on Bitmex which pays you in BTC. Or you can make quick trades for flips. My personal favorites now are outside income sources. Trading in a bear market is a lot different than trading in a bull, it's amazing because it teaches you how to trade. You become one with your stop losses and risk management strategies. It's an experience that everyone must go through.

Yet, it is critically important to be making money outside, to continually invest and save up for your future. I'll list a few ways, and hopefully, you guys get started.

  1. Get a normie job. I know, it sucks. Its the worst actually. But, its a solid source of income. Yes, it requires you to be there working numerous hours, but it is the constant steady flow of income. I got a job as a valet driver at a country club this summer. Rich elderly people know how to tip. If I can do it, you can too.
  2. Run PoS or Master node coins. This is passive income to the max. Easy money every day. This is something that is enlightening once you delve into it.
  3. Create your own project or business. Create something that can generate you income and stick to it. For me, it's this paid trading program. I know how to trade, I am skilled at TA, FA, risk management etc., so all I am saying is to take one of your skills(for me, trading) and charge people for it. Whether you teach them or provide a product or a service. If you feel that what you are providing has value, people will pay for it willingly. My trading program costs anywhere from $150-$350 at current BTC prices. But guess what? I feel its worth even more than that. The amount of money you can make trading ousts that mere $200 average payment by tenfold.
  4. All these things above come down to one thing: Generate multiple revenue streams. Get to it.
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I like the part you mentioned starting or creating business. This is the phase i am at the moment in my life. I am doing this, still retaining my present job as a teacher...that is why i'm not always bothered when cryptocurrency market is down. I have more than 2 sources of income. I am just hoping a day will come when crytocurrency coins will be stable so much that i will earn enough to retire.

I cant wait for that day to come.

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