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A must-read for newcomers in the cryptocurrency world, mastering the right timing can help even beginners take advantage.
Through 9 years of experience, I have identified the time difference patterns in the cryptocurrency market, making the trading journey a bit smoother. Newcomers should avoid pitfalls (recommended to like and bookmark) to avoid losing it later.
1. In most cases, BTC is the leader of the cryptocurrency market's rises and falls. Strong altcoins may sometimes move independently of Bitcoin, but altcoins generally cannot escape its influence;
2. Bitcoin and USDT move in opposite directions. If you notice USDT rising, you should be cautious of Bitcoin falling; when Bitcoin is rising, it’s a good time to buy USDT;
3. Between 0:00 and 1:00 AM, there is a tendency for price spikes, so domestic cryptocurrency friends can try to set a desired buy price as low as possible and a sell price as high as possible before going to bed; you might just make a profit while lying down;
4. Between 6:00 and 8:00 AM is a good time to judge whether to buy or sell, and also a point to assess the day's price movements. If the price has been falling from 0:00 to 6:00, and this trend continues, it’s a good time to buy or average down, as the price is likely to rise for the day. Conversely, if the price has been rising from 0:00 to 6:00, and this trend continues, it’s a selling opportunity, as the price is likely to fall for the day;
5. 5:00 PM is an important point of interest according to rumors in the community. Due to time zone differences, American friends are waking up and starting their day, which may cause price fluctuations. Significant rises or falls have indeed occurred at this time, so pay special attention.
6. There is a saying in the cryptocurrency community about 'Black Friday,' with a few instances of significant drops occurring on Fridays, but there have also been significant rises or sideways movements, so it is not particularly reliable.
Let me summarize for both new and old cryptocurrency friends: regardless, trading contracts should not involve gambling elements. At critical moments, be steady, precise, and decisive. Don't envy those making millions; securing stable profits in your hands is what truly matters, so always stay steady.
#Strategy增持比特币 #币安Alpha上新 #BTC #ETH
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