A veteran trader with 8 years of experience in cryptocurrency has summarized a method for consistent profit in the crypto world. From experiencing liquidation dozens of times to now maintaining a 90% win rate, the method for trading cryptocurrencies is quite simple, but when applied correctly, it can practically consume all profits.
First: Always remember nine things when trading cryptocurrencies.
The first is to never buy in when the price is rising. Be greedy when others are fearful and be fearful when others are greedy. You should look for opportunities to buy when the price is falling and make this a habit.
The second is to never place large orders because if the direction is wrong, you won't even have a chance to recover. Therefore, only use 25% of your capital for each trade to keep your cards close to your chest.
The third is to never go all in. If you do, you will be very passive, and this market is full of opportunities. The opportunity cost of trying to experiment with all your capital is extremely high.
The fourth is that after the price consolidates at a high level, there will usually be a new high. Conversely, after a consolidation at a low level, there will usually be a new low. Therefore, wait for the direction of the market change to become clear before making any moves.
The fifth is to avoid trading during sideways markets. Most people lose money in cryptocurrency because they can't adhere to this principle; they prefer to play games when they feel restless.
The sixth is to buy when the K-line shows a bearish candle and sell when it shows a bullish candle.
The seventh is that when the decline slows down, the rebound is also slow, but a rapid decline can lead to a rapid rebound.
The eighth is to build positions using the pyramid buying method, which is the only unwavering truth in value investing.
The ninth is that when a cryptocurrency consistently rises or falls, it will inevitably enter a consolidation phase. At this point, do not sell everything at a high price, nor should you buy everything at a low price. After consolidation, a change in trend is inevitable. If the trend changes downward from a high position, you must close your position in time. $BTC #NFT板块领涨
