If you following the crypto market with a tiny concentration but for a long time, then it must be known to you that the sideways is always the most important time to sustain in the space as the opportunities in hundreds of projects are spreading surrounding some massive destruction in several projects can destroy you crypto life at the same time. So, finding trading opportunities using market exploration and some basic technical analysis involving analyzing charts, identifying patterns, and applying indicators to determine potential entry and exit points is not a big deal for a little bit serious and active crypto dweller.

For more than a couple of months, the situation is in the same region where the opportunities and the suicidal moments are appearing as the preparation for the coming bull run. But the uncertainty in global economics and geopolitical issues cryptos are on the verge of great danger by the worldwide governmental entities and also at the moment of surpassing all the traditional financial systems with the potential application area of blockchain technology!

It is time to take the crucial decision for the future portfolio. As BTC is gaining its dominance steadily with the major currencies in the top 10 or top 50 but the others are losing too much as the money is flowing from other currencies to BTC which is the true and proven king in the sector. And in these circumstances, the proper adoption and making the best use of opportunities is very important.

Though I am not a regular trader but learning the trade every day, especially at every small dump nowadays to make my portfolio greater. The things I do as a tiny trader are discussed with points here as the following points-

• Avoiding Leverage trading completely which can be a suicidal decision as I could not analyze the chart a lot with the lack of knowledge and time.

• Determine the strategy, such as the trend-following strategy, where I aim to identify the direction of the trend and enter trades in that direction with the risk of opposite direction in the SPOT market only to save my ass.

• I am looking at the daily chart of the different major currencies and notice that it has been in a downtrend for the past few weeks.

• I use to apply several moving average (MA) indicators to the chart to help identify the trend more clearly, especially the 50-day moving average and the longer days MAs.

• As a novice, I usually select the entry and exit points very carefully and without analyzing a lot but try to choose at the crashing moment to grab the bet deal. Sometimes, I wait for a pullback in the downtrend and look for a potential entry point.

• The other indicator that I apply is the Relative Strength Index (RSI) to the chart to check for overbought or oversold conditions.

• I always divide my funds into 4/5 parts to enter in every dip that the currency shows to make the average buying at a lower price.

• Managing risk is very important for such trading and I make sure to adjust your position size so that your potential loss fits within your risk management plan.

• Monitoring the trade is challenging for me so I used to sell instantly with little profit in most cases.

• I also learn technical analysis a little bit but try to learn fundamental analysis.

• And my fundamental analysis never let me invest in the shitcoins or the pump-and-dump coins ever.

My frequently used strategies and focus points to learn properly

Constantly I try to learn new things and now learning the following indicators which are very important for diving into the trade effectively. I am a free user of the Trading view with the free indicators I can analyze a little bit and try to learn from several authors there.

• A moving average is a line that shows the average price over a certain time period. It's used to identify trends and potential support and resistance levels. A simple moving average (SMA) is calculated by adding up the closing prices for a set number of periods and dividing by the number of periods. An exponential moving average (EMA) gives more weight to recent prices.

• The Relative Strength Index (RSI) measures the strength of a trend by comparing the average gains to the average losses over a certain time period. It ranges from 0 to 100, with readings above 70 considered overbought and readings below 30 considered oversold.

• The Bollinger Bands consist of a moving average and two bands that represent the standard deviation of the price from the moving average. They're used to identify potential breakouts or reversals.

• The Fibonacci retracement levels are based on mathematical ratios that are thought to represent key support and resistance levels. Traders use them to identify potential entry and exit points.

• The MACD (Moving Average Convergence Divergence) is a trend-following indicator that shows the difference between two moving averages. It's used to identify potential buy and sell signals.

These are just a few indicators that I used frequently among many of the technical indicators available to traders. It's important to understand how each indicator works and how it can be applied to your trading strategy. Additionally, it's important to remember that no indicator is perfect, and they should be used in combination with other forms of analysis to make informed trading decisions.

I hope you like my blog on my current thoughts on the recent crypto market movement and my recent activity regarding that. If you have any queries, let me know in the comments, and I will try my best to answer them.

Thanks a lot for your time and attention, I will catch you at the next one.
Have a great day!