Quick Insights into the Cryptocurrency Market
The cryptocurrency market used to be a confrontation between the East and the West. Previously, there would be market movements both during the day and at night, with major movements occurring during Western hours, specifically between 21:30 and 7:30 Beijing time. Major price increases generally happen in the early morning, so a qualified trader should sleep at 20:00 and wake up at 4:00 to monitor trading.
1. If there is a continuous decline during the day in China, you must buy the dip; foreigners will pump the price at 21:30 at night.
2. If there is a big increase during the day, do not chase the highs; the price will likely drop back at night.
3. The key signal for buying and selling is the 'wick'. The deeper the wick, the stronger the buy and sell signal.
4. Significant meetings or positive news will usually lead to price increases, but once the news is out, the price will drop.
5. When discussing strategies in groups, and someone in the community promotes a coin with extravagant claims, be cautious; you might get scammed, and it’s often wise to do the opposite. If a coin is very popular, you can short it immediately.
6. If a group member recommends something you find uninteresting, it’s highly likely it will take off; when in doubt, consider trying a little.
7. When you hold a large position, you'll definitely face liquidation; why? Because you are on the exchange's list of potential liquidations.
8. After your short position hits the stop-loss, it will definitely drop; if they don't trick you into selling or liquidate you, how would it fall? For example, TRB.
9. When you are about to break even and just need a bit more, if the rebound suddenly stops, how could they let you cash out and escape?
10. When you take profit, the price will rise; if you don’t exit, how can they pump the price? The vehicle is too heavy.
11. When you are excited, a sharp drop will come as expected; your excitement is also a trap set by the market makers.
12. When you are broke, every project seems to be rising, making you FOMO and rush in. So understand this: the market is manipulated over 80% of the time, so in addition to controlling your position, you must also act decisively. Be clear that before the market makers operate, never enter; once you do, you are just the fish on the chopping board while the exchange is the butcher. Trading is about patience, composure, and timing, let’s support each other.
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