Cryptocurrency Trading Experience Sharing

In the process of trading cryptocurrencies, I have accumulated a lot of practical experience, and now I share it with everyone, hoping it can be helpful to you.

1. Focus on Strong Cryptocurrencies and the 60-Day Moving Average Indicator

When trading cryptocurrencies, pay special attention to cryptocurrencies with strong trends. When it's difficult to determine the right time to enter the market, the 60-day moving average is an effective reference indicator. If the price is above the 60-day moving average, consider entering or increasing your position; if the price falls below the 60-day moving average, be sure to withdraw decisively; this method can work in most market conditions.

2. Avoid Chasing Highs, Lay Low Positions

When encountering cryptocurrencies that have increased by more than 50% in a short period, avoid blindly chasing highs, as this can easily lead to an unbalanced mindset. Instead, choose to enter when the price is at a low level, which not only has relatively lower risk but also often provides more considerable profit potential.

3. Capture Signals Before a Big Surge

Cryptocurrencies typically release some signals before a significant surge. For example, the price may fluctuate slightly within a range of 10% - 20%, while trading volume decreases. At this point, you can gradually buy in at a low level, which will likely yield profits in the subsequent market movements.

4. Grasp Hot Trends, Follow Big Money

When new hotspots emerge in the market, the initial excitement is often very high, with large amounts of capital flowing in. We should seize this opportunity and closely follow the direction of big money, which will make it easier to achieve profits.

5. Control Your Actions in a Bear Market

When a bear market arrives, it is essential to restrain your trading impulses and refrain from making easy trades for at least six months. During poor market conditions, reduce trading activity and know when to take a break; this is the wise move of an investment expert.

6. Regularly Review and Optimize Strategies

Set aside time each week to review your cryptocurrency trading situation, focusing not on profit and loss results but on examining whether the investment strategies you are using are reasonable. If the strategy is correct, continue to adhere to it; if the strategy is wrong, make timely adjustments and improvements. By persistently following this for several months, your methods and thinking in cryptocurrency trading will become more robust.