1. Buy horizontally and avoid verticals; the selling point is at the boiling point.
2. Continuous small rises indicate a real rise; continuous large rises mean to exit the market.
3. A significant surge requires a pullback; avoid digging deep pits and large purchases.
4. In a major rise, you should see a peak; sell quickly during sharp drops and sell slowly during gradual rises.
5. A sharp drop with no volume is intimidation; a gradual drop with volume means to withdraw quickly.
6. When the price breaks the life line, don’t hesitate to make a swing trade.
7. Look carefully at the daily and monthly lines, build positions following the main force.
8. If the price is rising without volume, the main force is luring in buyers; don’t stand guard.
9. A new low with reduced volume indicates a bottom; an increase in volume during recovery means to enter the market.
In the cryptocurrency circle, simple logic is often the most effective. These rules are the crystallization of practical experience. Understanding and applying them in operations can help you avoid many pitfalls.
I will also share a set of rules for judging Bitcoin price fluctuations; they can help you capture buy and sell signals:
Rule One: Don’t sell at a high, don’t buy when it plunges, and don’t trade during horizontal consolidation.
Rule Two: Buy on the downside, not on the upside; sell on the upside, not on the downside; moving against the trend can more easily seize opportunities.
Rule Three: Wait a bit after high and low consolidation.
Rule Four: After a high-level horizontal consolidation, seize the opportunity to sell quickly; after a low-level horizontal consolidation with a new low, you can choose the right time to layout.
Rule Five: Recognize your mistakes before taking action; it’s better to buy less than to buy too much; investment must be cautious.
To summarize:
Mastering candlestick analysis is an important step in advancing trading. From the basic yin-yang line patterns to the complex market force games, carefully observing candlesticks can help you accurately grasp market sentiment and direction; it will become a reliable tool in your trading.
Learning candlesticks should not come with pressure, but remember: trading is not gambling; only by continuously learning and mastering market rules can you achieve stable profits.
There is a saying that makes a lot of sense: the boundary of knowledge determines the boundary of wealth; one can only earn money within the range of their understanding. The mindset in trading cryptocurrencies is especially important: don't panic during a sharp drop, don't be greedy during a big rise, and securing profits is the most practical approach.
For newcomers just entering the circle, these points should be particularly noted:
1. First ensure the success rate, then consider the frequency of operations; pursue quality over quantity. Short-term operations should be done gradually, with the core focus on avoiding large losses.
2. Be content when making money, and be rational when losing money. Trading is the 'art of regret'; there’s no need to be too hard on yourself.
3. Practice leads to true knowledge; if there are experts to guide you, asking more questions can lead to faster progress. Do these three points, and at least you won't lose your way in the cryptocurrency circle.
Teaching someone to fish is better than giving them fish. Whether you are a novice or an experienced trader, the gains from investing should not only include profits but also the growth of knowledge and experience. I will share market analysis ideas, basic knowledge of watching the market, and methods of using tools, as well as interpret fundamentals, sort out international situations, and identify market forces, allowing you to be both a winner and an expert.
Walking in the cryptocurrency circle, mastering the trading method allows you to be as steady as a rock at the peak, and turn danger into safety when encountering traps. I have been in the market for many years, deeply aware of the opportunities and risks. If your investment is not going well and you feel unwilling, I can help you correct the past; if you are already profitable, I will teach you to retain your gains; if you are still confused, I am willing to guide you. The regret of trading is not how much suffering you endure, but how many opportunities you miss. Seize the moment, and we can move forward together. Follow Xiaowan and leave your name in the cryptocurrency circle.