I hope my experience in the cryptocurrency circle can help you.
I have been working in the cryptocurrency circle for several years and have experienced countless ups and downs. Now I summarize my experience in these years into eight mantras.
1. Make good use of the morning market: In the early morning, the cryptocurrency market is the purest. If the price drops sharply, don't panic. This may be a good time to "pick up leaks" at a low price; if the price rises sharply in the early morning, don't be greedy. Take the opportunity to sell it and lock in the profit.
2. Grasp the afternoon strategy: If there is a sudden surge in the afternoon, don't be overwhelmed and follow the trend. Most of them are false fires, and it is easy to stand guard at high positions; on the contrary, if there is a big drop in the afternoon, you can keep calm and wait and see. Find the low point the next day and enter the market again, and you can often get low-priced chips.
3. Keep a steady mindset when the price of the currency plummets as soon as you open your eyes in the morning. Don't rush to cut your losses. The market changes rapidly, and early market fluctuations are often "eye-catching tricks"; if the market is stagnant and there are no waves, don't worry, you might as well take a break and wait for opportunities.
4. Strictly abide by the buying and selling rules: If the currency in your hand has not risen to the expected high, don't sell it easily, and you will lose money if you make less money; if it has not fallen to the psychological price, control your hands and don't buy rashly, so as not to copy the bottom halfway up the mountain; as for the sideways stage, the trend is chaotic and the direction is unclear. At this time, trading is undoubtedly a blind man touching an elephant, so it is better to watch from the sidelines.
5. Operate according to the Yin and Yang lines: Buy on the Yin line and sell on the Yang line, which can be called a classic strategy. The appearance of the Yin line means that the price has adjusted and the chips have become cheaper, which is a good time to start; the appearance of the Yang line indicates that a short-term upward trend has formed, and it is safe to sell at high prices.
6. Break through with reverse thinking: If you want to stand out in the currency circle, sometimes you have to do the opposite. When everyone is enthusiastically chasing after it, be more calm; when everyone is panic selling, be more courageous and dare to go against the trend, so that you can find a niche opportunity to get rich outside the mainstream wave.
7. Endure the consolidation: The price is consolidating at a high or low level for a long time, which is the most exhausting. At this time, don't be overwhelmed by anxiety and act rashly. Be patient and calm. When the trend is clear, whether it is going up or down, then go all out.
8. Catch the tail of the high: After a long period of sideways trading at a high level, once it rushes up again, don't hesitate, this is most likely the last madness. Sell in time and hold the book profit in your hands, otherwise it will be fleeting and the cooked duck will fly away.
