Today I will share my trading strategies and insights with cryptocurrency friends.
There is a saying, standing on the shoulders of giants, can save ten years of struggle.
At the end of the article, I will also discuss the most important profit system.
For those who are fortunate enough to see this and want to improve their trading skills, be sure to read more, study carefully, and I recommend saving this!
Key points for retail investors trading cryptocurrencies.
1. Keep a close eye on Bitcoin's movements.
In the cryptocurrency world, Bitcoin often leads the direction of rises and falls. Although Ethereum can be strong at times and can have independent trends, most altcoins are influenced by it.
2. Pay attention to the relationship between Bitcoin and USDT.
Bitcoin and USDT often move in opposite directions. When USDT rises, be cautious of Bitcoin falling; when Bitcoin rises, it is an opportunity to buy USDT.
3. Seize trading opportunities in the early morning.
From 0:00 to 1:00 every day, there is a phenomenon of easily occurring pinning. Domestic cryptocurrency friends can set low buy prices for their desired coins before sleep and high sell prices; there may be pleasant transactions, making profit easily.
4. Observe the rise and fall trends in the morning.
From 6 to 8 AM every day is a key period for determining whether to buy or sell. If it continues to fall from 0:00 to 6:00, and still falls, it is advisable to buy or add to positions; if it continues to rise and still rises, it is advisable to sell, as it is likely to drop that day.
5. Pay attention to fluctuations in the afternoon.
Pay special attention at 5 PM because of the time difference; U.S. cryptocurrency friends start their operations, which may trigger price fluctuations, and many large rises and falls occur at this time.
6. Be cautious of 'Black Friday'.
There is a saying in the cryptocurrency world about 'Black Friday'; although there may be significant drops on Friday, there are also large rises or sideways movements, just pay attention to the news.
7. Be patient with declining cryptocurrencies.
If a cryptocurrency with a certain trading volume falls, don't worry; holding patiently can help you break even. The short term is 3 to 4 days, and the long term can be a month. If you have extra money, you can add to your positions in batches to speed up the recovery. Unless it is a worthless coin.
8. Stick to long-term spot trading.
Engage in spot trading, hold the same cryptocurrency long-term with minimal transactions; profits are often greater than frequent trading, it just depends on patience.
9. Pay attention to external influencing factors.
The cryptocurrency market is influenced by many factors, such as various countries' attitudes toward cryptocurrencies; if negative, the market will fall; U.S. financial policies; opinions of big players on cryptocurrencies, such as Musk's remarks. Stay updated with financial news.
10. Maintain a good trading mindset.
The mindset of trading cryptocurrencies is crucial. Don't panic during a big drop, don't get arrogant during a big rise, and realize profits when possible.
I am Seng Ge, having experienced multiple bull and bear markets, I have rich market experience in various financial fields. Here, penetrate the fog of information and discover the real market. Seize more opportunities for wealth passwords and discover truly valuable opportunities; don't miss out and regret it!
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