1. Buy horizontally, buy at the bottom, do not buy vertically; the selling point is at the boiling point.
2. Continuous small rises are real rises; continuous large rises mean to exit.
3. A significant surge needs to pull back; do not dig deep holes or make large purchases.
4. A main rise accelerating needs to see a peak; sell quickly on a sharp drop and sell slowly on a gradual rise.
5. A sudden drop with no volume is intimidation; a gradual drop with increasing volume means to withdraw quickly.
When the price breaks the life line, do not hesitate to make a swing trade.
7. Pay close attention to daily and monthly charts, and build your position with the main force.
8. If the price rises without volume, don't stand guard against the main force's bait.
9. A shrinking star at a new low is a bottom pattern; an increase in volume means to enter the market.
In the crypto space, the simpler things are often the most effective; all mantras are the crystallization of wisdom.
Learn these mantras and remember them; applying them in practice will definitely save you from taking many detours.
Teach beginners an important candlestick mantra, which is also useful for experienced traders.
The crypto candlestick mantra: Candlestick analysis is one of the important indicators for judging Bitcoin's rise and fall, an important signal for buying and selling.
Mantra One: Don't sell on a surge, don't buy on a plunge, don't trade during sideways consolidation.
Mantra Two: Buy on downs, don’t buy on ups; sell on ups, don’t sell on downs; moving against the market makes one a hero. Mantra Three: Wait a little longer during highs and lows.
Mantra Four: High-level consolidation followed by a surge, seize the opportunity to sell quickly; low-level consolidation with a new low, it's a good time to buy in fully.
Mantra Five: If you haven't made a move, first recognize your mistake; it's better to buy less than to buy more. Invest cautiously!
As illustrated below:
Summary:
Understanding and mastering candlestick analysis is an important step towards trading success. Whether it's the basic yin-yang candlestick patterns or the complex interplay of market forces, through careful observation and analysis of candlesticks, we can help accurately grasp the market's emotions and direction. In the future trading, candlesticks will
Will become one of our most reliable tools.
Learning about candlesticks should not feel pressured, but remember, trading is not gambling; only through continuous learning and grasping market rules can one achieve success.
provide stable profits.
You can find the corresponding pattern explanations in the icons I provided above!
There is a saying I strongly agree with: The boundary of knowledge determines the boundary of wealth; a person can only earn wealth within the limits of their knowledge. Maintain a good mindset in trading; during significant drops, do not let your blood pressure soar, and during large rises, do not become overly complacent; securing profits is paramount.
As a newcomer in the crypto space, we need to pay attention to a few points:
1. First ensure the probability of success, then consider the frequency of action; pursue quality before quantity. During short-term operations, take it step by step, with the principle of not having large losses.
2. Be content when making money, and be rational when losing money. Trading is essentially the art of regret; we should not hold ourselves to overly high standards.
3. Practice leads to true knowledge; if there are experts to guide you, consult them, and you will progress faster. If you can achieve the above three points, then at least as an investor, we will not lose direction in the crypto space.
Teaching someone to fish is better than giving them fish. Regardless of whether investors are beginners or experts, what they gain from Mu Qing is not only financial returns but also growth in investment knowledge and experience. In following Mu Qing's investment process, not only will Mu Qing provide investors with analysis ideas, basic knowledge of market observation, and methods for using various investment tools, but will also deliver exciting fundamental interpretations, clarifications on the chaotic international situation, and discernment of various investment forces. This will allow you to be both a winner and an expert in investing! Walking in the crypto market with the seven major trading principles, one must understand the advances and retreats of investment, mastering both offense and defense, to remain calm in the storm and turn dangers into safety in traps. Mu Qing has navigated the market for many years, deeply understanding its opportunities and pitfalls. If your investments are not going well and you feel unsatisfied with losses, you can contact Mu Qing! I will correct your past; if you are currently profitable, I will teach you how to secure profits; if you are still lost in the market, Mu Qing is willing to guide you forward. The real tragedy in trading is not how much you suffer, but how many opportunities you miss! Seize the present, and let's move forward together. I am Mu Qing, a person who aims to leave a name in the crypto space!
