The rules you need to master in the Bitcoin community:
In the cryptocurrency market, time is basically a confrontation between the East and the West. There will be market movements both day and night, with major trends occurring during Western hours, specifically between 21:30 and 7:30 Beijing time. Significant price increases usually happen in the early morning, so a qualified trader should go to bed before 20:00 and focus on trading from 20:00 to 8:00.
1. If there is a continuous drop during the day in China, you must buy the dip; at night, foreigners will pump the price.
2. If there is a significant rise during the day, do not chase the high; the price will likely drop back at night.
3. The key signal for buying and selling is the spike; the deeper the spike, the stronger the buy and sell signal.
4. Prices will rise before major meetings or good news, but will drop afterwards.
5. When group discussions promote a coin, and the community is hyping it up, you might get excited and end up getting scammed; consider doing the opposite. If a coin is hot, you can short it immediately.
6. If a group member recommends something and you find it uninteresting, there is a high probability it will take off. When in doubt, it might be worth trying a little.
7. When you hold a large position, you are likely to get liquidated; why? Because you are on the exchange's watchlist for liquidations.
8. After your short position hits the stop loss, it will definitely drop; if they don't trick you out or liquidate you, how can it drop? For example, TRB.
9. When you are about to break even, just a little bit away, the rebound suddenly stops; why would they let you close your position and escape?
10. When you take profits, it will rise; if you don’t exit, how can it pump? The load is too heavy.
11. When you are excited, a crash will come as expected; your excitement is also a bait from the market makers.
12. When you are broke, every project seems to be rising, making you FOMO and rush to enter. So you understand that the market is manipulated over 80% of the time. You must control your position and ensure you act after observing the market makers' actions; if you enter too soon, you become the prey while the exchange is the butcher. Trading is about patience, determination, and timing. If anyone has different opinions, feel free to discuss; thank you!#NEWT
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