I am 35 years old this year, started trading cryptocurrencies at 26, and by 2023-2024 my assets have reached 8 digits, much more comfortable than the older generation doing real estate or the post-80s doing e-commerce.
The most important thing in cryptocurrency trading is having a good mindset, while technique is secondary.
1. In most cases, BTC is the leader in the crypto space, and ETH, being a high-quality coin, can sometimes break away from BTC's influence and trend independently; altcoins generally cannot escape its influence;
2. BTC and USDT move in opposite directions; if you notice that USDT rises, be wary of BTC falling; when BTC rises, it is a suitable time to enter USDT;
3. Between 0:00 and 1:00 AM, there can be a phenomenon of price spikes, so domestic crypto enthusiasts can try to set a low buy price for their favored coin before going to sleep and a high sell price, which might lead to a successful trade while they sleep;
4. The time between 6:00 and 8:00 AM is a good moment to judge whether to enter or exit, as well as to assess the day's price fluctuations. If it has been falling between 0:00 and 6:00, and continues to fall during this period, it’s an opportunity to enter or add positions, and it is likely to rise for the day. Conversely, if it has been rising between 0:00 and 6:00, and continues to rise during this period, it’s a good time to exit, and the day will likely see a drop;
5. 5:00 PM is an important point of attention in the crypto community, as U.S. traders are starting their day, which may cause fluctuations in prices. Some significant rises or drops have indeed occurred at this time, so be especially cautious;
6. There is a saying in the crypto space about "Black Friday," as there have been instances of significant drops coinciding with Fridays, but there have also been substantial rises or sideways movements, so it’s not particularly reliable; just pay a little attention to the news;
7. If a coin with a certain trading volume guarantee drops, there is no need to worry; patiently holding will definitely bring back profits, whether in a short 3-4 days or a longer month. If you have excess USDT, enter in batches to pull it back quickly; if not, just wait, it won't let you down.
8. Holding the same coin in spot trading for the long term with fewer trades yields greater returns than frequent trading; it depends on whether you have the patience to hold. The Dogecoin I entered at 0.09 has multiplied over 20 times by now.
If you want to learn more about cryptocurrency news and the next wave of market trends, follow A Lu's rhythm and enjoy the feast!!
