In the cryptocurrency market, how can we predict rises and falls?
As an old investor who has been in the crypto world for 6 years, I would like to share my insights on this with you.
It's important to study candlestick indicators regularly; the indicators in the crypto market are more accurate than those in the A-share market, because short selling is possible in crypto.
To make money in crypto contracts, simply being able to predict is not enough; leverage control, position control, take profit and stop loss, and trend prediction are all essential elements.
It is difficult to predict the value of altcoins, and it's better not to trade them, as they are controlled by major players. For mainstream coins, the major players are more dispersed, and the win rate for predictions can be around 60-70%. However, if you can't find suitable take profit and stop loss positions, it's like doing useless work. My suggestion is to use multiple indicators and open positions only when you have corresponding targets, which can increase your win rate to over 80%.
Recently, I advised my followers to invest in WIF and AI16Z; WIF saw an increase of over 90% and AI16Z approached a 120% rise.
Daily trading continues to yield profits. For friends who are confused about trading and want to recover their losses, leave a message with 111.
