$BTC $ETH #Technics #BinanceSquareFamily There is a very foolish way to trade cryptocurrencies, but this method can almost eat up all the profits, so learn slowly. First, when trading cryptocurrencies, we should never do three things.
The first thing is to never buy when the price is rising; be greedy when others are fearful and fearful when others are greedy. Make it a habit to buy when the price is falling.
The second is to never place large orders.
The third is to never go all in. Being fully invested makes you very passive, and in this market, opportunities are abundant; the opportunity cost of being all in is very high.
Now let's talk about the six rules for short-term cryptocurrency trading. The first is that after the price consolidates at a high level, there will usually be a new high. Conversely, after consolidation at a low level, there will typically be a new low, so wait for the direction of the market change to become clear before making any moves.
The second is to not trade during sideways movements. Most people lose money in cryptocurrency trading because they cannot adhere to this simplest rule.
The third is when choosing candlesticks; when a bearish candle closes, we buy on the daily chart. When a bullish candle closes, we sell.
The fourth is that when the decline slows down, the rebound also slows down; when the decline accelerates, the rebound accelerates.
The fifth is to build positions using the pyramid buying method, which is the only unchanging principle of value investing.
The sixth is that when a cryptocurrency continues to rise or fall, it will inevitably enter a sideways state. At this point, we do not need to sell everything at a high position, nor do we need to buy everything at a low position. After consolidation, there will inevitably be a market change. If it changes downward from a high position, we need to liquidate in a timely manner; in short, we need to push forward promptly.
