Focus on Bitcoin. When Bitcoin moves, immediately pay attention to altcoins and major cryptocurrencies, as opportunities often lie behind!
Trading volume is key. Buy in steps when the trading volume is small; buy in full when the trading volume expands at low levels; sell in full when the trading volume expands at high levels.
Buy on pullbacks with low volume, sell on increases with high volume. Buying on pullbacks with decreasing volume is fine, but sell on increasing volume. Increased volume during a pullback usually indicates that the main force is selling.
RSI and KDJ indicators. Buy when the RSI lingers at low levels for three times; sell when it lingers at high levels for three times. Be bold to buy when RSI is below 10; sell quickly when it’s above 85. If the coin price hits a new high but RSI doesn't, definitely sell. At the same time, KDJ indicators can also be referenced. For short-term trading, W%R indicator is crucial, so be sure to study it carefully; for long-term trading, pay more attention to the TRIX indicator.
Don't get tangled up in whether to focus on Bitcoin or altcoins. There are only mainstream and altcoins, only big players and retail investors. Don't be confused by 'mainstream' or 'altcoins'; the key is to look at trends and capital movements.
Moving average crossover trading method. When the moving averages cross upward, it's a buying opportunity; when they cross downward, sell quickly. If both the 5-day and 10-day moving averages are upward, and the coin price is above these two moving averages, feel free to buy, as long as the price doesn't break below the 10-day moving average, don't rush to sell. If it does break below the 10-day line, wait to sell when the 5-day moving average turns downward. The 10-day moving average is very important for those manipulating the market, as it is approximately their cost price, so they usually won't let the coin price fall below this line.
The strong stay strong, the weak stay weak. Sometimes chasing gains and cutting losses is quite useful. In the cryptocurrency market, the strong stay strong, and the weak stay weak. Timing is crucial when trading; never stick to rigid thinking and compete with yourself.
Let me share some short-term trading tips with everyone:
1️⃣ Don't sell when the coin price doesn't surge, don't buy when it plunges, and don't trade during consolidation.
2️⃣ Buy coins when the closing price is a bearish candle, sell coins when the closing price is a bullish candle.
3️⃣ After consolidation, the market will change. Clear positions when it changes downward at high levels; chase in when it changes upward at low levels.
4️⃣ When the coin price consolidates at a high and then surges, it's a good time to sell; when consolidating at a low and then hitting a new low, it's a good time to buy in full.
5️⃣ After being stuck in a position, don't stop-loss and cut losses; instead, buy more as it falls and increase your position according to your plan at low levels. Use the 'pyramid buying method' for building positions. 6️⃣ If a coin is being recommended by others but it doesn't rise, then wait for the big players to shake out the weak hands.