The biggest illusion that the cryptocurrency industry gives people is that it is easy to make money. Many people think that they can easily make money by entering the cryptocurrency industry. This illusion stems from a misunderstanding of blockchain technology and an incomplete understanding of market operations. In fact, the cryptocurrency industry is a highly competitive and complex field that requires professional knowledge and appropriate strategies.
I have been speculating in cryptocurrencies for ten years and have earned more than 40 million yuan. Now I rely on it to support my family. This process has taught me six valuable experiences, which are short but concise! Now I share them with you. Learning them will help you avoid many detours!
1. When trading cryptocurrencies, focus on the strong ones. If you are not sure, look at the 60-day line. Enter or add to the market when it is above the line, and withdraw when it is below the line. This trick works most of the time.
2. For stocks that suddenly increase by more than 50%, don’t rush to chase them, as it’s easy to panic. It’s better to buy at a low position, which is safer, with less risk and may make more money.
3. There are always signals before a big rise, such as a small price fluctuation of 10% to 20%, but the trading volume is small. At this time, buy slowly at a low price, and you will probably be able to catch a ride.
4. Once a new market hotspot emerges, it will definitely be popular in the first few days. Seize this opportunity, follow the big funds, and make money easily.
5. When the bear market comes, you should control your hands and don't move for at least half a year. When the market is bad, do less trading. Only those who know how to take a break are masters.
6. You have to look back every week, not to see if you made money, but to see if your strategy is right. If it is right, stick to it, if it is wrong, correct it. After a few months, your way of trading cryptocurrencies will be stable.
Remember, success doesn't fall from the sky, it comes to those who are prepared.
5 iron rules for cryptocurrency trading. Remember these 5 rules and you will get rich quickly.
1. Rapid rise and slow pullback: When the price rises rapidly and then pulls back smoothly, it is often the case that the market makers are secretly accumulating funds in preparation for subsequent market conditions.
2. Sharp drop followed by slow rise, market makers selling out: Prices slowly recover after a sharp drop, usually because market makers are gradually selling off their chips, indicating that the market may be entering a downward phase.
3. If the volume at the top is sufficient, there is no need to rush to sell; if the volume is shrinking, be vigilant: high trading volume is active, indicating that there is still room for growth. However, if the volume shrinks and the upward momentum is insufficient, you need to leave the market decisively.
4. If the volume increases at the bottom, you need to wait and see; if the volume continues to increase, it is a buying point: The volume at the bottom may just be a short break, so you need to be cautious. However, if the volume continues to increase, it means that funds continue to flow in, which is a good time to enter the market.
5. Cryptocurrency trading depends on sentiment, and trading volume depends on consensus: The fluctuation of currency prices is affected by market sentiment, and trading volume reflects market consensus and investor behavior. Keeping up with trading volume and understanding sentiment changes are the keys to seizing opportunities in cryptocurrency trading.
The first trick: the essential cryptocurrency investment skills for retail investors: the six moving average theories of K-line +!
How to understand the technical knowledge of the market to make correct orders? For short-term trading, we generally look at the important positions of the 5-minute and 1-hour moving averages.
It is very important in any investment product. It determines the change of average price within a period. The secret of judging trend by moving average is
It is a combination of market sense, technology and mentality. Next, the instructor will explain to you how to read the six moving averages of K-line:
1. 5-day moving average - attack.
Seize the 5-day moving average to form an offensive in the short term.
The price will fluctuate constantly. If the attack line does not fall back to a weak state and rises straight up, it indicates that the short-term explosive power is strong. On the contrary,
Similarly, when the price falls, we should pay attention to the importance of the attack line to the falling market. If the decline is severe (steep angle), the killing force is very strong.
In actual trading, when the price breaks through the attack line and the attack line is strongly attacking (steeply upward), it means that you can catch a short position.
Similarly, when the price breaks through the attack line and the attack line starts to turn downward, it indicates an adjustment or decline.
The market has already started, and you can enter short-term short positions at this time.
When the 60-minute K-line falls along the 5-day moving average, it can be determined that a short-term downward channel has formed. Then when a red candle appears and touches the 5-day moving average,
When the daily moving average falls, go short. At this time, it is best if the 5-minute K-line forms a double top. In a downward trend, never rush to rebound and go long. You can only wait for the rebound.
When the 60-minute K line touches the 5-day moving average or the 10-day moving average, or the daily line touches the 5-day moving average, go short. Use the 5-minute line to assist in judging short-term buying.
Selling point.
2. 10-day moving average-trading.
It is also called the market line. The main function of the trading line is to push the price to continue to rise or fall in a round of intermediate band market.
If the line is pulled upward and steeply and powerfully, it means that the medium-term price rise is strong. On the contrary, it is weak.
At the same time, the trading line can also cause prices to fall repeatedly.
In actual trading, when the price breaks through the trading line and the trading line continues to attack upward, it means that the mid-line market has been
Similarly, when the price breaks through the trading line and the trading line turns downward, it means that the upward trend is
The bull market has ended, and a large-scale adjustment or bear market is about to begin. At this time, you should short the market in the medium term.
3. 20-day moving average-auxiliary.
The main function of the auxiliary line is to assist the trading line, promote and correct the price operation strength and trend angle, and stabilize the price trend direction.
At the same time, it also plays a role in correcting the slow response of the lifeline.
In actual trading, when the price breaks through the auxiliary line and the auxiliary line continues to attack upward, it means that the mid-line market has been
Similarly, when the price breaks through the auxiliary line and the auxiliary line turns downward, it means that the stage is about to start.
The phased mid-line rising trend has ended, and the phased adjustment or falling trend has begun. At this time, you should short the mid-line.
Generally, in a downward trend, you can also short after 1-2 relatively strong (longer) red candles appear at a relatively low level, but you must make a small profit.
Close the position immediately. Don’t think about making a big profit at this time, otherwise you will be easily trapped. Before the 60-minute line shows a double bottom, make a timely judgment based on the 5-minute line.
If the upward trend continues, follow up and go long as soon as possible. For example, go long after the 5-minute line has gone through 3-4 downward waves (resistance decline). At this time, once the 60-minute
If the stock price breaks through the 20-day moving average strongly, you can make a lot of money on the same day.
4. 30-day moving average-life.
The main function of the lifeline is to indicate the medium-term trend of the price.
The lifeline has a strong support and resistance effect. If the lifeline rises steeply and strongly, it means that the price has a strong medium-term upward trend, and the main force is washing or adjusting.
If the price reaches this position, you can resolutely snipe. Otherwise, the trend is weak and the support will be weak. Similarly, when the price enters a downward trend,
The life line can also suppress the price rebound behavior, causing the price to continue to weaken.
The lifeline is the life foundation of a large-scale rising or falling market. In actual trading, when the price breaks through the lifeline, the lifeline turns.
When the head is in an upward attack state, it means that the mid-line large-band market has started, and at this time, the mid-line should be actively long.
In the periodic adjustment process of the market, it will not be easily broken through. However, once the price breaks through the lifeline,
When the lifeline turns downward, it means that a larger adjustment or decline has begun, and you should actively short the medium term.
5. 60-day moving average-decision making.
The main function of the decision line is to indicate the medium-term reversal trend of the price and guide the price to run in the established trend at the large-band level.
When the volume breaks through the decision line upward or downward, it means that a large-scale reversal has started.
When the price breaks through the decision line, it will not move in the opposite direction in a short period of time.
The action of inducing short selling will run above or below the decision line for at least 10 to 25 trading days before it can be reversed.
In actual trading, all the main players have a clear understanding of the decision line. The decision line plays a decisive role in the trading plan of the main institutions.
Therefore, when the price breaks through the decision line and the decision line turns upward, it means that the medium
The long trend has formed, and the mid-line should be actively long at this time. Once a decision is made, it will not be easily changed under normal circumstances.
Therefore, once the price breaks through the decision line, it will not easily break through this decision support in the periodic adjustment.
When the price breaks through the decision line downward and the decision line turns downward, it means that a large-scale downward trend has begun.
Decisive short selling in the mid-term
6. 120-day moving average - trend
Like the decision line, the main function of the trend line is to indicate the medium- and long-term reversal trend of the price, and to guide or direct the large-scale price fluctuations.
When the price breaks through the trend line upward or downward with large volume, it means that the general trend of the price has reversed.
Appropriate trading decisions should be made before trading.
When the price breaks through the trend line, it will generally not move in the opposite direction in a short period of time, even if the main force makes a long or short move.
If the price moves above or below the trend line, it will take at least 10 trading days or several trading weeks before it can reverse.
The second trick: teach you how to grasp the best buying and selling opportunities
Classic K-line chart diagram: W-shaped bottom pattern
1. Appear after the price of the currency drops sharply or after a long period of decline!
2. There are two obvious troughs in the price of the currency, and the two price troughs are roughly at the same price level.
3. The first bottom of the W-shaped bottom is sometimes pointed and sometimes round, while the second bottom is mostly round.
4. The trading volume of the second low point is generally smaller than that of the second bottom, indicating that the market is well locked.
5. When breaking through the previous rebound high point, there is generally a need for large trading volume, and the trading volume will shrink when pulling back.
Classic K-line chart interpretation: Breaking through the triangle
1. It often appears in the middle or bottom of the currency price rise.
2. The lines connecting the high points of each rise and the low points of each fall form a "triangle".
3. From left to right, the price fluctuation range is getting smaller and smaller, and the trading volume gradually shrinks in the pattern, but at the end of the pattern, the trading volume is as shown in the triangle.
The schematic diagram starts to zoom in, and finally breaks through the upper side of the triangle with a large volume of large positive candlesticks or a small positive candlestick with a gap.
4. The price of the currency often pulls back above the breakthrough triangle, and stops falling and stabilizes at the line connecting the original high points to confirm the effectiveness of the upward breakthrough.
K-line chart buying and selling signals: string of negative buying method
Under the premise of establishing an upward trend, the price is in a slow upward channel. After a period of slight increase, the price is on the upward path.
The price of the currency fell continuously, but the decline was not large.
At the same time, trading volume gradually shrank.
In fact, this is a deliberate dishwashing method used by the main force, because after a wave of price increases, a certain amount of unwinding orders and profit-taking orders have accumulated during the trading session.
In order to smoothly expand the upward space in the future market, these unwinding orders and profit-taking orders must be cleared out, so the main force will suppress it downward, so that
Investors who hold positions are uneasy and lose their composure, so they sell; while investors who have built positions dare not enter the market rashly, thus achieving the main force washing the market.
purpose.
Here, you can penetrate the fog of information and discover the real market. Grasp more opportunities of wealth codes and discover truly valuable opportunities. Don't miss out and regret it!
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