I have spent ten years in the cryptocurrency world, and during the last bull market, I turned an initial investment of 100,000 yuan into a fortune in the eight-digit range, and I have now become a full-time cryptocurrency trader.
Today, I will share with you my seemingly "clumsy" yet most practical trading secrets without reservation. As long as you master these ten iron rules, you will navigate the cryptocurrency world like a fish in water.
1. Nine-Day High Position Drop Bottom Method: When a strong cryptocurrency has been in a high position and declining for nine consecutive days, this is a rare opportunity. Act decisively, as you may catch the starting point of a new upward trend.
2. Two-Day Continuous Rise Position Reduction Strategy: Regardless of the cryptocurrency, if it has risen for two consecutive days, it is essential to reduce your position in a timely manner and secure some profits to avoid losses from a market reversal.
3. 7% Rise Observation Rule: If a cryptocurrency rises more than 7%, based on past experience, it is highly likely to reach a new high the next day. At this point, it’s advisable to patiently observe for a while to maximize profits.
4. Big Bull Coin Entry Timing: When facing a strong bull coin, do not rush to enter the market. Be sure to patiently wait for the correction to completely end and confirm that the trend is stable before taking action to reduce investment risk.
5. Six-Day Low Volatility Position Change Principle: If any cryptocurrency has extremely low volatility for three consecutive days, hold your position and continue to observe for another three days. If there is still no activity, it indicates that the cryptocurrency lacks short-term activity, and you can consider switching to other more promising cryptocurrencies.
6. Cost Price Stop-Loss Strategy: If a cryptocurrency fails to rise back to the cost price of the previous day on the second day, do not hold onto false hopes. Sell immediately to stop losses and protect your capital.
7. Rise Continuity Rule: On the rise list, if a cryptocurrency has shown a rising performance for three consecutive days, its upward momentum is likely to continue to the fifth day; if it rises for five consecutive days, it might last until the seventh day. For cryptocurrencies that have risen for two consecutive days, you can buy on dips, as the fifth day is often an excellent selling opportunity.
8. Key Points of Volume-Price Relationship: Volume and price indicators are crucial in the cryptocurrency world, with trading volume being the core.
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