How to survive in the cryptocurrency world for a long time?
A senior who started with ten thousand and reached fifty million said to me:
"The cryptocurrency world is a crowd of chaos; if you can control your emotions, you can withdraw from the market!"
This statement was enlightening.
In the cryptocurrency world, strategy is the weapon, and mindset is the lifeline.
Here’s a set of practical tips + 6 trading methods for you, recommended to keep.
【Entering the Market】
Test the waters in the cryptocurrency world, prepare to proceed; enter steadily, refuse to rush in.
【Consolidation Phase】
Low-level consolidation hits new lows; it's the right time to buy heavily.
High-level consolidation with spikes; sell decisively without hesitation.
【Volatility Phase】
Sell at spikes, enter quickly during drops; observe during consolidation, reduce trading.
Be cautious of sharp declines during rises, gradual declines are opportunities to average down.
【Buy and Sell Timing Tips】
Don’t sell at spikes; don’t buy at drops; during consolidation, don’t trade.
Buy on bearish candles, sell on bullish candles; sell early during rises, buy early during falls, and pick up after significant drops the next day.
Average down to break even; excessive greed is the cause of death.
【Risk Awareness】
A calm lake can have high waves; after a big rise, a correction is necessary.
Look for support during rises, resistance during falls; being fully invested is a major taboo, knowing when to stop leads to longevity.
Trading cryptocurrency is essentially trading mindset.
Greed and fear are your biggest enemies.
Control your emotions, and the market will be your ATM.
【6 Practical Trading Methods】
1. Oscillation Trading Method: Box oscillation, high sell-low buy + BOLL indicator.
2. Breakout Method: After consolidation, an explosion; chasing rises needs to be fast, accurate, and decisive.
3. Unilateral Trend Method: Trade with the trend, relying on K-line, moving averages, and Bollinger Bands.
4. Resistance and Support Method: Enter and exit at key levels, refuse blind attacks.
5. Pullback Rebound Method: After significant rises and falls, a rebound is certain; short-term profit opportunities.
6. Time Period Trading Method: Steady during the day, high volatility and high returns at night.
Conclusion:
The cryptocurrency world is ever-changing, but opportunities and risks coexist.
Stabilize your emotions + master the methods + follow the trend is the way to survive long-term.
