General Rules of Cryptocurrency Market

The cryptocurrency market used to be a confrontation between the East and the West, with market activity occurring both during the day and at night. The main market movements typically happen during Western hours, specifically between 21:30 and 07:30 Beijing time. Significant price increases usually occur in the early morning, so a qualified trader should go to bed at 20:00 and wake up at 04:00 to monitor trades.

1. If there is a continuous drop during daytime in the domestic market, it is essential to buy at the bottom, as foreigners will pump the market at 21:30.

2. If there is a significant price increase during the day, do not chase the high, as it will likely drop back at night.

3. The key signal for buying and selling is the pin bar; the deeper the pin, the stronger the buy and sell signal.

4. Prices will rise before major meetings or favorable news, but will drop once the news is released.

5. When discussing plans in groups, and community members enthusiastically promote a coin they bought, be cautious as you might get trapped; consider taking the opposite approach. If a coin is being heavily traded, you can short it immediately.

6. If a group member recommends a coin that you find uninteresting, it is likely to take off; when in doubt, consider making a small attempt.

7. If you hold a large position, you are likely to get liquidated; why? Because you will be on the exchange's liquidation list.

8. After your short position hits the stop loss, it will definitely drop; they won't let you exit without losses or liquidate your position, so how can it drop? For example, TRB.

9. When you are close to breaking even, and just need a little more, the rebound suddenly stops; they won’t let you close your position and run away.

10. When you take profits, the price will rise; if you don’t exit, how can they pump the price? The position is too heavy.

11. When you are excited, a waterfall decline will arrive on schedule; your excitement is also bait from the market makers.

12. When you are broke, every project seems to be rising, making you FOMO and rush to enter the market. So you understand that the market is manipulated over 80% of the time; besides controlling your position, you must also take the initiative, and firmly avoid entering the market before the market makers act. Once you enter, you become the meat on the chopping board of the exchange. Trading is a test of patience and resolve.

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