#Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
💬 Do you think Bitcoin will become a new norm for corporate asset allocation? How might this impact Bitcoin’s price? What’s your recent BTC trading strategy? Post to share your price predictions, market analysis, and strategies with us using the topic tag!
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#SwingTradingStrategy# Riding the Market Waves! 📈💹
Do you want to find the "golden mean" between day trading (too nervously! 😰) and long-term investments (too long! ⏳)? Then swing trading is your style! 🏄♂️
What is it? 🤔 Swing trading is a strategy where you hold positions from several days to several weeks/months to capture a significant part of the price movement "swing" - swing/wave (. The goal is to profit from the natural ups and downs of the trend.
Key principles:
Trend is your friend! 🚀📉Look for stocks/assets with a clear upward )📈( or downward )📉( trend. Buy on upward retracements, sell on downward retracements.
Technical analysis is the main tool! 📊🔍 Use charts, indicators ) Moving averages, RSI, MACD (, support/resistance levels to find entry/exit points.
"The 3-Day Rule"? Not necessary! ⏳ Hold your position until the movement fades or reaches the target. Flexibility is key! 🔑
Risk management is sacred! ⚠️🛡️Always set stop losses! 💔Only risk a small % of your capital on a trade. Without this – it's a path to losing everything! 💸
Fundamentals? In help! 📰💡Important news )reports, events( can strengthen movements – take them into account!
Pros )+(: 😊
Less stress than day traders ) sleep peacefully! 😴(.
The profit potential is higher than "buy and hold" in short intervals. 💰
You don't need to sit in front of the screen 24/7. ⏰
Disadvantages )-(: 😟
The risk of overnight gaps )price changes sharply when the market opens(. 🌌
Requires discipline and patience.
Broker commissions eat into profits.
In conclusion: Swing trading is a powerful strategy for those who love to analyze, are ready to learn, and strictly manage risks! It is a marathon, not a sprint. 🏁 Start with paper trading, refine your plan – and catch your waves of profit! 🌊✨😉