The cryptocurrency market has skyrocketed from 50,000 to 5.5 million, all by remembering these 7 phrases!
1. Focus on Bitcoin When Bitcoin moves, immediately pay attention to Ethereum and various mainstream cryptocurrencies and altcoins; opportunities are often right behind!
2. Trading volume is key When trading volume is low, buy in steps. When trading volume expands at low levels, buy with all your funds; when trading volume expands at high levels, sell everything.
3. Buy on pullbacks with low volume, sell on high volume Buy when the pullback volume decreases, and sell when it increases. Increased volume during a pullback usually indicates that the main players are offloading.
4. RSI and KDJ indicators If the RSI indicator hovers at a low level three times, then it’s time to buy; if it hovers at a high level three times, then sell. When RSI is below 10, buy boldly; when above 85, sell quickly. If the coin price reaches a new high but the RSI does not, definitely sell. At the same time, KDJ indicators can also be referenced. For short-term trading, the W%R indicator is crucial, so study it carefully; for long-term trading, pay more attention to the TRIX indicator.
5. Don’t get tangled up in Bitcoin or altcoins There are only mainstream and altcoins, only major players and retail investors. Don’t be misled by “mainstream” or “altcoin”; the key is to look at trends and capital movements.
6. Moving average crossover trading strategy When the moving averages cross upwards, it’s the time to buy; when they cross downwards, sell quickly. If both the 5-day and 10-day moving averages are trending upwards and the coin price is above these two moving averages, buy with confidence; as long as the price doesn't drop below the 10-day moving average, don’t rush to sell. If it does drop below the 10-day line, wait until the 5-day moving average turns down before selling. The 10-day moving average is very important for those who manipulate the market, as it is roughly their cost price, so they generally won’t let the coin price drop below this line.
7. The strong are always strong, and the weak are always weak Sometimes chasing rising prices and killing falling ones is quite useful. In the cryptocurrency market, the strong are always strong, and the weak are always weak. Timing is crucial when trading; don’t be stubborn and compete with yourself.
