Understand 30 professional trading terms in the cryptocurrency circle in one article
1. Main rising wave
It comes from the wave theory, which refers to the longest wave in the rising market. This is also a common market in the bull market. If you catch the main rising wave, you will make a fortune. The opposite market trend is also called the "main falling wave".
2. Yin decline
The overall market trend is a downward trend, but the trend often rises for two days and falls for one day, always giving people hope and always disappointing people. In a word, the price of the currency is slowly declining.
3. Blowout
The market has been depressed for a long time due to negative factors. During this period, the market will be very depressed. When the negative factors are exhausted or the negative factors are removed, the market will show an explosive rise.
4. Washing
The large financial groups with funds such as the dealer or the project party manipulate the market through funds, so that the market trend rises and falls, scaring out those hesitant leeks, and achieving the purpose of making huge profits.
5. Absorbing chips
Generally, the market makers will wash out the leeks through washing the market, and then the dealers will take over the coins sold by the leeks, so that they have more chips in their hands to achieve the purpose of controlling the market (generally, operations such as absorbing chips will be carried out at low prices).
6. Controlling the market
It's very simple. I have a lot of money (the proportion of the coins on hand in circulation is large), and I can make the market go up or down by just flipping a few times. The purpose is very simple, to make more money and get more leeks.
7. Fraudulent lines
The dealers use K-lines to create rising or falling trends, so that we buy or sell, in order to achieve their purpose of cutting leeks, but short-term K-lines can be faked, and long-term ones are difficult to fake, especially for mainstream digital currencies.
8. Sideways
The market fluctuates little, and the rise and fall are all around a range. It is also called "consolidation".
9. Rebound
The price of the currency is on the way down, supported by technical aspects or capital intervention, and the market turns from falling to rising.
10. Pullback
The price of the currency falls back during the rise, provided that the rising trend is not destroyed. Pullbacks generally correspond to buying and going long opportunities.
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