Buy sideways and into dips, not when it's rising. Sell when everyone's excited. The crypto world is like a turbulent, mysterious sea, full of virtual currencies!
1. The temptation of highs, how to deal with it rationally: Always believe that dignity is only above high prices, and truth is only within the scope of reliable data and analysis. In the market, cruelty and opportunity coexist.
When Bitcoin keeps breaking all-time highs, most holders feel a sense of dignity and accomplishment, but high points are often accompanied by greater risks. How do you know that where you stand is the highest point? Once the market rebounds, or even goes higher, can you really catch that so-called highest point?
Therefore, true dignity lies not only in reaching high points but also in how to rationally deal with them, avoiding blindly chasing highs. When prices reach their highest point, learn to set appropriate stop-profit points, lock in profits in time, and avoid missing the best selling opportunity due to greed.
Please do not concentrate all your funds on a few currencies. Learn to diversify your investments. Diversification can reduce the risk of a single investment. Be sure to maintain a long-term investment perspective, don't be misled by short-term highs, and focus on the long-term development potential and technical advantages of the project.
2. Truth lies only within the scope of reliable data and analysis: The truth of the market is not always obvious. In this uncertain market, only by relying on reliable data and scientific analysis can you make informed decisions. Don't be misled by short-term fluctuations, but focus on long-term trends and technical indicators, so that you can remain calm and rational in a complex market environment.
(1) The importance of data: In the world of cryptocurrencies, the importance of data is self-evident. To make money in this highly volatile market, you need to know the latest market news, government policies, project updates, and people's opinions on the market as soon as possible. This information can really help us see the market trend, judge which are real opportunities and which may be traps, so as to make smart choices, protect and increase our wealth. In other words, whoever masters useful and up-to-date data will gain the upper hand in this market. Remember, it's useful and up-to-date data. High-quality data is the basis for effective analysis. Incorrect or incomplete data will lead to wrong conclusions, while timely data can reflect the latest market dynamics, and outdated data may cause you to miss the best trading opportunities.
(2) Scientific technical analysis: Technical analysis plays a decisive role in our decision-making. Just like we need to use weather forecasts to predict weather changes when we want to understand the weather, similarly, viewing candlestick charts, MACD, and RSI
and other tools can be used to understand the past performance of the market, judge whether the price trend is upward or downward, and whether there are signs of reversal. At the same time, pay attention to changes in trading volume, because it can tell us the degree of enthusiasm of market participants for price changes.
Only by relying on accurate data and scientific analysis can we make more correct decisions, reduce investment risks, and increase returns. If you don't pay attention to this, making decisions blindly will often fail. Before making a decision, be sure to think clearly about whether these technical analyses have been done in place, and whether you are confident in the information you have. Only by ensuring that these preparations are fully done can you go higher and further.
3. From confusion to stable profitability: My experience in cryptocurrency trading
I always believe that dignity is only above high prices, and truth is only within the scope of reliable data and analysis. I was also confused. Whenever I reached a high point, I would start to panic. Should I get off the bus or continue chasing? This entanglement almost made every transaction less calm. But as time went on, I gradually found a simple and stable method, which still brings me continuous profits. You don't have to worry about not being able to learn it. If I can learn it, you can too.
First of all, choose potential currencies. We can put currencies with an upward trend in 10 days into the candidate list, and then exclude currencies that have a clear downward trend in the past three or four days. The purpose of this is to filter out those currencies that have both an upward trend and no obvious short-term risk, and also avoid choosing currencies that have already entered a correction period, so as to improve the success rate of subsequent operations and reduce risks.
Secondly, use candlestick charts and only select currencies where the MACD on the monthly chart shows a golden cross. This is to ensure that the selected currency has strong upward momentum in the long-term trend. The MACD golden cross usually indicates the beginning of a new upward trend, which can further improve the accuracy of the selection.
Finally, check the candlestick chart on the daily chart, focusing on the 60-day moving average. When the currency price pulls back to the vicinity of the 60-day moving average and a large-volume candlestick appears, enter the market with a heavy position. The purpose of this is not only to buy at a relatively low level, but also to increase the possibility of rising. After entering the market, use the 60-day moving average as the standard. When it is above, continue to hold. If the increase exceeds 25%, sell one-third. If it exceeds 50%, sell another one-third; when it is below, leave the market immediately, don't be lucky, protecting the principal is the most important thing at the moment.
The above three steps are very practical for me. Through these methods, I have also benefited a lot from it. This is also an important reason why I can continue to remain calm at high points and no longer panic blindly. I hope these experiences and methods can help you achieve better results in the crypto world.
In short, no matter how the market fluctuates, maintaining dignity and finding the truth are the goals that every investor should pursue. I hope that every investor can remain rational in the cryptocurrency market, find their own investment path, not be swayed by the short-term fluctuations of the market, and firmly move towards the road to financial freedom.
Enlightenment in cryptocurrency trading, the process is the same, from seven losses to two breaks even and then to one profit. It's just about being single-minded and not being greedy for various profit models; firmly stick to this one trading system, and over time, this system will become your ATM. Once I learned this dumbest cryptocurrency trading method, I was like an open book in the cryptocurrency circle, all the way green lights, only because I firmly grasped the following 10 rules
1. Be sure to follow up in time when a strong currency has fallen for 9 consecutive days from a high level.
2. Be sure to reduce your position in time if any currency has risen for two consecutive days.
3. If any currency has risen by more than 7%, there is still a chance to rise the next day, so you can continue to wait and see.
4. Be sure to wait for the callback to end before entering the market for strong bull currencies.
5. If any currency has been fluctuating blandly for three consecutive days, observe for another three days. If there is no change, consider switching to another currency.
6. If any currency fails to earn back the cost price of the previous day on the next day, it should be exited in time.
7. There must be five among the top three gainers, and there must be seven among the top five. Currencies that have risen for two consecutive days should be entered at low prices, and the fifth day is usually a good selling point.
8. The volume and price indicator + is very important. Trading volume can be called the soul of the cryptocurrency circle. When the currency price shows a breakout with increased volume at the consolidation low, pay attention to it; when there is a large-volume stagnation at a high level, leave the market decisively.
9. Only choose currencies in an upward trend to operate, so the odds of winning are the greatest, and you will not waste time. A 3-day line turning upward indicates a short-term rise: a 30-day line turning upward means a medium-term rise. An 80-day line turning upward is the main upward wave; a 120-day moving average + turning upward is a long-term rise.
10. In the cryptocurrency circle, small funds do not mean there is no opportunity. As long as you master the correct method, maintain a rational mindset, strictly implement the strategy, and wait patiently for the opportunity to arrive.
11. Binance contract fan hug, 40 points, those in need can find me, must save up
Develop a profitable investment habit in 21 days, teach you how to build your own trading system!
Creating a system isn't very difficult. What's difficult is following the rules you set when creating the system.
The goal of a trading system
When you build your system, you want to achieve two very important goals:
1. Your system should be able to identify trends as early as possible.
2. Your system should prevent you from incurring two-way losses.
If your trading system can achieve the above two points, your chances of success will increase.
The reason why these goals are difficult to achieve is that they contradict each other.
If you don't have a good circle in the cryptocurrency circle, and you don't have first-hand news, then nod your head and follow Lao Luo, and I will take you to the shore for free. Welcome to join the team!
