Ever feel like you’re going around in circles?
At CCI, one of our core principles is showing investors HOW to go from being a “hope” investor and become a SOPHISTICATED INVESTOR
Starting out it can be so confusing to know what to look out for that will help you GET REAL RESULTS and what will put you back to square one.
No one knows for certain what the future holds, but you can try and put the odds in your favour.
Here are 3 Indicators every investor MUST KNOW to build WEALTH in Cryptocurrencies
1. UNDERSTANDING MARKET CYCLES
As experienced traders know, technical indicators can be useful in assessing the market and predicting future movements. However, for sophisticated investors, these indicators may simply be noise.
The key is to keep it simple and focus on identifying clear long-term trends or market cycles. Whether the market is on a parabolic tear or experiencing a 90% correction, understanding these patterns can help inform powerful investment decisions.
At our company, we guide our clients through an action plan to help them make informed and confident decisions when it comes time to liquidate their positions. We understand the importance of avoiding emotional decision-making and strive to help our clients avoid the mistakes that we saw so many investors make during the 2017 bubble.
By understanding market cycles and implementing a sound investment strategy, you can avoid hard financial mistakes and capitalise on the finish line.
2. MARKET PSYCHOLOGY AND EVENTS OUTSIDE YOUR CONTROL
“Buy when there is blood on the streets” is a famous expression used by savvy investors to point out that the best opportunity to invest is when the market is in a state of fear and prices are at their lowest.
Warren Buffet, one of the most successful investors of all time, says to be fearful when others are greedy and be greedy when others are fearful.
This is especially true in the crypto market, where it is important to do research and invest in quality assets to avoid the mistakes of the dot-com bubble.
Geopolitical events also play a big role in the crypto markets. Economic policies and statements by leaders such as President Trump can have a significant impact on the market and its volatility.
Preserving capital through these uncertain times is key, and our 5-PILLAR PROGRAM is designed to give you the tools and guidance you need to do so.
3. KEEP YOUR EMOTIONS IN CHECK
Having too many moving parts in your investment strategy can be a sign that it needs more work and can make it harder to stay organised and avoid letting emotions dictate your decisions.
Value investors, who focus on the underlying value of an asset rather than market fluctuations, do not stress about catching the perfect top or bottom in the market.
For emotional investors, one way to remove emotions from the process is to use the dollar cost-averaging method. This allows you to accumulate assets over time without worrying about volatility and can help prevent the urge to constantly check your phone for a better entry point.
There are many platforms and apps that allow you to purchase small amounts of assets like Bitcoin at regular intervals, which can be an excellent way to passively invest in crypto without the emotional rollercoaster.
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Joe Shew
Founder & CEO of Crypto Consulting Institute
Sam McDonald
Head Analyst