From earning 600,000 to waking up to a liquidation overnight, some advice for new and old investors!
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1. The time difference between the East and West, staying up all night to monitor the cryptocurrency market is basically concentrated during European and American hours (Beijing time 21:30-7:30), and the early morning is when the big rises happen! So, want to make money? Staying up late is a must! Sleeping at 20:00 and waking up at 4:00 to monitor the market is the routine of a qualified trader.
2. Don't panic during daytime drops, foreigners will pull the market at night. Domestic daytime drops? Don’t be afraid! At 21:30, once the foreigners enter the market, they will pull it back for you in no time! Remember: daytime drops are buying opportunities, and don't chase after high prices during daytime rises, as there’s a high probability it will drop back at night.
3. The deeper the pin, the stronger the signal. K-line pin bars (long upper and lower shadows) are a common tactic used by market makers. The deeper the pin, the stronger the reverse signal! After a pin bar, it’s often the best time to buy or sell, don't be tricked by the market makers! $BTC
4. News hitting the ground is bearish. Before significant meetings or positive news, the price of cryptocurrencies will definitely rise, but once the news hits, it will drop immediately! So, plan ahead, and once the news comes out, run quickly, don’t be greedy! $ETH
5. Community recommendations? Reverse operation is correct! The coins that are wildly promoted in the group, described in such a way? Don’t believe it! There’s a high probability it’s a trap! The hotter a coin gets, the more cautious you should be; reverse operations are the way to go! #币圈暴富
6. Heavy positions lead to liquidation; light positions are the way to go. Holding heavy positions? Congratulations, you’ve made it onto the exchange’s liquidation list! Market makers focus on users with heavy positions, pulling and smashing, causing you to liquidate in no time! Therefore, light and diversified positions are the way to survive! #币圈
7. Stop-loss leads to a drop, take-profit leads to a rise. Stop-loss on short positions leads to a drop, take-profit leads to a rise; the market makers just don’t want you to make money! Therefore, be cautious with stop-losses and take-profits, don’t be led by the nose by the market makers! #比特币
8. Just a little bit away from breaking even? Stop dreaming! Immediate break-even? The rebound suddenly stopped! How could the market makers let you escape easily? Therefore, when close to breaking even, reduce your position appropriately, don’t be greedy! #巨鲸动向
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