If you're losing money trading cryptocurrencies, take a look
I also went through ups and downs when I started trading cryptocurrencies. In the first two years, I operated based on intuition and lost money in both bull and bear markets.
Thanks to the guidance of seniors, I started to turn the tide in my third year, achieving financial freedom after 2020. I gained some recognition in the speculative circle, and some big players even refer to my market judgments.
The two models that helped me succeed are as follows. If you come across this, consider yourself lucky! If the market rebounds, at least you won't lose in 2024. I analyze market opportunities every day in my articles; click on my profile picture to view my homepage introduction. Be sure to bookmark and study it repeatedly, as missing out on this could be hard to find again. Trading cryptocurrencies allows for no mistakes.
1. Bottom Rebound: Capture Reversal Opportunities
Pay attention to coins that have been consolidating at long-term lows. If there is a sudden surge in volume exceeding five times the previous trading day, and there is a large bullish candle, it may signal a rebound or reversal. Don't rush to enter; observe the following day's volume. If it hasn't halved, or if the volume continues to increase over three days, it indicates that institutional funds are attacking. At this point, you can enter and wait to sell at a higher price.
2. Ascending Low Volume Washout: Wait for the Main Uptrend
The ascending trend consists of a slow rise and a main uptrend phase, during which there will be low volume washouts. The main players use this to clear out following funds, making it easier to push the price up later. After the washout, if a high open and high close pattern appears, gradually build your position to seize the main uptrend. Your account funds could potentially increase by 50%, and small funds can grow quickly.
I hope everyone utilizes these two models to seize wealth opportunities and profit in cryptocurrency trading.
