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Everyone enters the crypto space to make money, but most people will lose money!
The king believes that losses usually arise from two situations: one is forgivable, while the other is self-inflicted.
The first way is that the timing for entering the market was wrong; I believe many investors entered last year at the end of the year, catching the bull-bear boundary.
However, you must buy mainstream coins; if it's a worthless coin, then it's not necessarily.
Another way is to operate blindly, chasing highs and selling lows.
You might make some money for a while, but in the end, you will definitely be cut like leeks.
The king has to tell everyone some bad news: making money in the crypto space will become increasingly difficult.
If you want to continue making money in the crypto space, you must develop your own method of buying and selling coins; otherwise, it will be very tragic in the future.
With the establishment of futures, the entry of financial sharks and traditional institutions, the market will become increasingly chaotic.
Strategies will increasingly appear in the crypto space; you may very well fall into the traps they set and find it hard to escape.
To get back to the point, the method the king gives you is actually very simple, but it requires enough patience and faith.
If you like playing short-term, the king can't help you.
The king's trick is called 'using the length of time to exchange for the height of value.'
First, you need to be prepared for long-term holding, about 0-3 years, and set your profit-taking points, which can be 1x or several times.
Secondly, you need to choose the right coins; they should have long-term value, primarily mainstream coins. The king recommends Bitcoin, Ethereum, Ripple, etc. Of course, you can choose based on your own beliefs, and it's best to mix them.
Finally, you need to choose the right entry points; the king thinks the current points are just fine. You can initially set 5 layers of positions and set the support levels; position sizes can be 5 layers, 3 layers, 1 layer, 1 layer.
Then you can go about your own business, just check the market when you have time.
The king firmly believes that as long as you have enough patience, your profit-taking point won't be exaggerated, and you will definitely achieve your goal.
Alright, I've told you the simplest and most straightforward way to make money; now let's analyze the market again.
In fact, the king doesn't want to draw anymore; it's too troublesome, but many people request it, so it's a way to strengthen everyone's faith!
If you have any coins you need analyzed, you can leave a message, and I will draw it for you tomorrow as a small benefit!
Bitcoin
Bitcoin is still fluctuating between 8800 and 9600; it dropped to 8800 yesterday and has been pulled back up today.
This indicates that bulls and bears are continuously grappling, seeing who can outlast whom.
In the past, the king would have thought that a prolonged stagnation would lead to a decline, urging everyone to reduce their positions.
But this time is different; many projects have already reached new highs, and multiple projects will go public in June with good expectations.
Moreover, if the bears cannot defeat the bulls, then the bulls are likely to find the right opportunity to break through the resistance level.
Keep a close eye on the pressure level of 9600; if it breaks through, you can increase your position.
Ethereum
The king feels that Ethereum is poised for a breakthrough; it started to attack without hitting 600 points.
Today, it was reported from the US that there will be regulation on ETH, but it has been resisted by the co-founder, so it is unlikely to happen.
Vitalik has also proposed a plan to expand Ethereum using sharding technology.
The secondary market is also becoming lively, with an increase in demand for ETH.
The king thinks that ETH will break through in the next few days, so everyone get ready to buy the dip!
Stop loss at 600, increase position at 700, 850 is a strong resistance level.
EOS
EOS is currently the market's barometer; although it's at a high point, the risk is not big.
The current support level is $16, the resistance level is $22, and it is currently hovering around $18.
The king thinks that if you are doing short-term trading, it would be better to choose other coins.
For long-term holding, just hold on; do not let go before the end of the month.
The king estimates that it will hover in the range before continuing to attack.
I won't analyze the others, just remember that a downturn is an entry opportunity; there will surely be a wave of increase before June.
