BTC and other coins in crypto. Beginner Tips
Hello, at the moment, bitcoin has fallen by 0.09% according to data from the OKX program. Just a couple of days ago, it cost more than 31 thousand dollars for 1 bitcoin, and now, to be precise, 29,038 thousand dollars for 1 bitcoin. He is constantly changing. Now the bears are likely to earn. Since the bears are those who make money on the fall of the market. Then the bulls will go into business, who earn on the growth in the value of assets. Much depends on your ability to analyze, do technical analysis, it's a matter of time and everyone can learn it. If we talk about other cryptocurrency coins, then I think LTC is suitable for beginners. ETH is also good, but recently it has fallen by $400, which is quite a large amount for this type of coin.
If you give any advice to beginners, then first of all you need to know the main rule of cryptocurrency: bow to the choice of the majority. That is, for example, if the chart goes down gradually, then most likely it will continue to fall, but naturally there are exceptions, candles and shadows that come from candles will help us with this. These shadows can be different in length, they depart from 2 sides of the candle, upper and lower. For example, if we take a red candle, which indicates a fall, and a shadow, which is quite long, we can conclude that the chart may go up, but there are still fluctuations of the candle that are at the bottom of the chart, they often do not coincide with the size of the candle itself . If you click on the candle, you can see how many investors are willing to buy back the coin so that it starts to rise.
This is all just the basics of technical analysis, and there are many more concepts, but it's best to practice. Know how to accept losses, because nothing is so simple. Good luck!