The above is Wenhua's focused coins.
Bo Ge has been trading coins for 2 months.
When I first entered the crypto world, I couldn’t keep up with the various coins. I even had to familiarize myself with the OK trading interface for a few days before I gradually learned how to read the market and what to use as a reference.
For example, if SOL rises sharply, then various coins in the SOL ecosystem are also likely to rise sharply. Last night SOL surged by 10 points, and other related ecosystem coins followed suit. The continuity lasted for a while, then it began to decline slowly.
When ETH rises sharply, most coins in the market will also follow.
BTC is rising sharply, and most coins in the market will also follow.
For BTC and Ethereum, they are referred to as 'big cake' and 'second cake,' meaning the first and second. The trends of these two are very similar. However, I feel that right now we mainly watch Ethereum’s trend. If it performs well, I dare to go long. If it doesn’t perform well, I will go short. But be careful, as some coins do not follow Ethereum, and you have to observe the cycles. If Ethereum is in an upward cycle and another coin is in a downward cycle, you can't expect it to suddenly rise before its downward cycle is over. That’s unrealistic, so only those that are in sync with Ethereum will follow it. Conversely, if some main players aggressively push certain coins while Ethereum is in a downward trend, they won't just keep trading; they can't just crash it suddenly, right? So, the upward trend must be completed first.
Here’s a small detail: in a small cycle, when Ethereum is rising, you trade coins that are also rising. In a small cycle, when Ethereum is falling, you trade coins that are falling. The small cycle refers to 5 minutes, 15 minutes, 30 minutes, etc.
Actually, this is similar to the stock market. You can think of Ethereum as the market index. If the index is good, go long; otherwise, go short. Some stocks don’t follow the index, and those are the speculative stocks.
Many beginners focus on a few coins but have no idea about their trend logic and technical analysis. Many times, they don't know where to start.
So, when you just enter the crypto world, you should focus on Bitcoin and Ethereum. Once you get familiar with the trends of these two, it will be easier to operate other coins. Moreover, the volatility of these two is smaller, so they are safer.
Remember to set a stop-loss when trading contracts; you cannot hold on to losing positions.
Generally, this is how I operate.
If Ethereum is in an upward trend and I see another coin also in an upward trend, then I will go long.
After placing an order, set the stop-loss at -2.5% and do not set it for the rise yet.
Then just focus on the work at hand. If you go long, you will benefit from its rise. If you are wrong, it means my prediction was different, so a quick stop-loss is fine.
I operate seven or eight times a day. Relatively speaking, as long as the win rate is high enough, it will be profitable in the end.
