I know an old senior who entered the market with a hundred thousand and now has a market value of 42 million. He once told me a saying that enlightened me: "The cryptocurrency market is full of a mob. As long as you can control your emotions, this market is an ATM."
In the crypto space, trading strategies are your 'secret weapon'. The following sayings are the crystallization of years of practical experience, and I recommend saving them for future reference!
Entry: Test the waters in the crypto space, prepare to proceed; enter steadily, refuse to act impulsively.
Sideways Market: Low-level sideways movement hits new lows, it's the right time to buy heavily; high-level sideways movement pushes higher, decisively sell without hesitation.
Volatility: Sell at any rise, quickly enter on a plunge; observe in a sideways market and reduce trades. Sideways means using horizontal to replace falling, hold onto your chips, and a surge may just be a moment away; during rapid surges, be wary of sharp drops and be ready to secure profits; gradual declines present good opportunities for incremental buying.
Timing for Buying and Selling: Do not sell at highs; do not buy at plunges; do not trade in sideways markets. Buy on bearish candles, sell on bullish candles, operate contrarily to stand out. Buy on a big drop in the morning, sell on a big rise in the morning; do not chase highs in the afternoon if it rises sharply, buy the next day if it drops in the afternoon; do not cut losses on morning drops, rest if there's no rise or fall; if stuck, look to average down to seek break-even; excessive greed is not advisable.
Risk Awareness: Calm lakes can produce high waves, large waves may follow; after a big rise, a correction is inevitable, with K-lines forming a triangle over many days. In an upward trend, look for support; in a downward trend, look for resistance. Full-position trading is a major taboo, and being obstinate is not feasible; when facing uncertainty, know when to stop and grasp the timing of entry and exit.
Trading crypto is actually about trading mindset; greed and fear are the biggest enemies; be cautious when chasing highs and cutting losses, a calm mind leads to ease.
In addition to sayings, I have also organized several highly practical trading methods, whether you are a novice or a seasoned player, you can benefit from them.
Oscillation Trading Method:
Most markets are in an oscillation pattern, using high sell and low buy within a box range is the foundation for stable profits.
Using BOLL indicators and box theory, combined with technical indicators and patterns, accurately judge resistance and support.
Follow short-term buying and selling principles, avoid greed.
Breakthrough Trading Method:
After a long period of consolidation, the market will choose a direction; entering during a breakthrough can quickly yield profits.
But you need to have accurate breakthrough identification skills to avoid false breakouts.
Unilateral Trend Trading Method:
After the market breaks through a range, it often forms a unilateral trend, and trading with the trend is key.
Enter the market during corrections or rebounds, referencing K-lines, moving averages, BOLL, trend lines, and other indicators,
skilled application allows for smooth navigation.
Resistance and Support Trading Method:
When the market reaches key resistance or support levels, it often faces resistance or gains support,
operating at this time is a common strategy.
You need to skillfully use trend lines, moving averages, Bollinger Bands, parabolics, and other indicators to accurately judge buy and sell points.
Retracement Rebound Trading Method:
After significant market fluctuations, there is usually a brief retracement or rebound.
Seizing this volatility is an excellent opportunity for short-term profits.
Focus on K-line patterns and changes in trading volume, a good market sense is key.
Time-based Trading Method:
Morning/Afternoon Session: Low volatility, suitable for conservative investors, slow-paced operations but lower risk.
Evening/Midnight Session: Volatility is severe, suitable for aggressive investors, potential returns are high but operational difficulty is great, requiring high technical skills.
Seize opportunities, participate immediately, and collaborate with an experienced strategy team,
accurately capture opportunities amid market fluctuations, calmly and rationally respond to the unpredictable cryptocurrency market.
