After years of ups and downs in the cryptocurrency market, I have summarized eight insights that I hope will be helpful to everyone.
Morning Market: Seize the timing. The market sentiment in the early morning is relatively pure. If the price drops sharply, don’t panic; this could be a good opportunity to accumulate at a low price.
On the contrary, if the currency price skyrockets in the morning, don’t be greedy; securing profits at this time is the wise choice.
2. Afternoon Strategy: Respond calmly. If the currency price suddenly surges in the afternoon, do not be impulsive and follow the crowd to chase it. Such surges are often inflated, and buying at high levels can lead to difficulties.
If a significant drop occurs in the afternoon, stay calm and observe, entering the market at the next day's low for a better chance to acquire at a lower price.
3. Downward Mentality: Stay calm. If you wake up to see a significant drop in the price of the currency, don’t rush to cut losses. The market is ever-changing, and early morning fluctuations may just be a false alarm. If the market is dull, don’t rush; consider taking a break to rest and gather strength while waiting for the right opportunity.
4. Buy and Sell Principles: Strictly adhere to not selling the currency in hand until it reaches the expected high. Selling too easily means losing potential profits. If it hasn’t fallen to your psychological price, don’t buy recklessly. Be cautious of buying at the bottom during unclear sideways market phases; trading at this time is like blindly groping in the dark; it’s better to hold your position.
5. Yin and Yang Line Method: The classic practical strategy of buying on bearish candles and selling on bullish candles. When a bearish candle appears, it signifies a price correction, providing a high cost-performance ratio, making it the right time to buy. When a bullish candle appears, it indicates that a short-term uptrend has been established, and selling at a high can lock in profits.
6. Reverse Thinking: Finding a different path. To stand out in the cryptocurrency world, sometimes you must go against the grain. When everyone is frantically chasing prices, remain calm; when others are panic selling, be bold and decisive. Daring to operate in reverse may uncover opportunities for wealth in niche markets.
7. Consolidation Torture: Patience is tested when the currency price consolidates at high or low levels for a long time. At this time, do not be anxious or impulsive. Wait patiently for the trend to clarify, whether it is a breakout upwards or a breakdown downwards, and only then strike with full force.
8. High Surge Timing: Act decisively. If the currency price has been consolidating at a high level for a long time and then surges again, don’t hesitate; this is likely the final frenzy. Quickly sell to convert paper profits into actual earnings; any hesitation may cause profits to slip away.
Opportunities are reserved for those who are prepared!
Seizing opportunities is the key to success!
What are you still hesitating for!
