Must-read for newcomers in the crypto world. Master the timing, and even beginners can profit. After much persuasion, my mentor revealed the time difference patterns he has learned over 8 years in the crypto space, making the trading path a bit smoother for newcomers. Essential tips for avoiding pitfalls in the crypto world (recommended to like and bookmark) to avoid losing it later.
1. In most cases, Bitcoin is the leader of the ups and downs in the crypto world. Strong altcoins may sometimes diverge from Bitcoin's influence, but altcoins generally cannot escape its impact;
2. Bitcoin and USDT move in opposite directions. If USDT rises, be cautious of Bitcoin falling; when Bitcoin rises, it's a good time to buy USDT;
3. The spike phenomenon is likely to occur between 0:00 and 1:00 AM every day, so domestic crypto friends can place low buy orders for desired coins and high sell orders before going to bed; you might just make a profit while you sleep;
4. The time between 6:00 and 8:00 AM is a key moment for judging whether to buy or sell, and also a time to assess the day's potential rises and falls. If it has been falling from 0:00 to 6:00, continuing to fall during this period is a buying or averaging down opportunity, with a good chance of a rise for the day. If it has been rising from 0:00 to 6:00, continuing to rise during this period is a selling opportunity, with a high probability of a fall for the day;
5. 5:00 PM is an important time point according to rumors in the community. Due to time zone differences, American crypto friends are starting their day, which may cause fluctuations in coin prices. Some significant rises or falls have indeed occurred at this time, so be particularly cautious;
6. There is a saying in the crypto world about 'Black Friday,' which has seen a few instances of significant drops on Fridays, but there have also been significant rises or sideways movements, so it's not particularly reliable.
