General Rules of the Cryptocurrency Market

The cryptocurrency market was previously characterized by the confrontation between the East and the West. There used to be market movements during both daytime and nighttime, with the main activity occurring during Western hours, specifically between 21:30 and 7:30 Beijing time. Significant price increases generally happen in the early morning, so a qualified trader should sleep at 20:00 and wake up at 4:00 to monitor trading.

1. If there is a continuous decline during domestic daytime, it is essential to buy the dip, as foreign traders will push the market up at 21:30.

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

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

4. There will be price increases before major meetings or positive news, followed by declines once the news is released.

5. In group discussions, when community members promote the purchase of a coin with extravagant claims, be cautious, as it is highly likely you will lose money, and consider doing the opposite. If a certain coin is extremely popular, you can short it immediately.

6. If a group friend recommends something that you find uninteresting, it is highly likely to take off; when in doubt, it might be worth trying a small amount.

7. When you have a heavy position, you are bound to get liquidated; why? You are on the exchange's watchlist for liquidations.

8. After you complete the stop-loss for your short position, it will definitely drop. If it doesn't trick you out or get liquidated, how will it fall? For example, TRB.

9. When you are about to break even, just a little bit away, and the rebound suddenly stops, how would they let you close your position and escape?

10. When you take profit, it will be a bull run; if you don’t exit, how will the market rise? The position is too heavy.

11. When you are excited, a sharp decline will come as expected; your excitement is also a trap set by the market makers.

12. When you are broke, every project appears to be rising, making you FOMO and rush to enter. So you understand that the market is manipulated over 80% of the time. Besides controlling your position, you must also take initiative, deciding not to enter before recognizing the market makers' actions. Once you enter, the exchange becomes the butcher, and you become the fish. Trading is a test of patience, determination, and timing; let’s encourage each other.