I have been in the cryptocurrency space for a full nine years, experiencing three bull market transitions. From an initial capital of 50,000 yuan to achieving financial freedom today. Along the way, I have stumbled into almost every pitfall, but it is precisely these experiences that have helped me develop a stable profit system. Today, I share these insights with everyone.
In the past, the cryptocurrency space was about the confrontation between East and West, with market movements happening both day and night, mainly during Western hours, around 21:30 Beijing time.
Between 7:30 and 21:30, significant price increases usually occur in the early morning, so a qualified trader should sleep at 20:00 and wake up at 4:00 to focus on trading.
1. During a continuous decline in domestic daytime, you must buy the dip; in the evening at 21:30, foreign traders will boost the market,
2. If there is a significant rise during the day, do not chase the high, as it will likely fall back in the evening.
3. The key signals for buying and selling are the pin bars; the deeper the pin, the stronger the buy and sell signal.
4. When you have no money, every project seems to be rising, making you FOMO and rush to enter the market.
5. Major conferences or positive news will generally cause a price increase, but once it's realized, the price will drop,
6. In group discussions, community recommendations about buying coins sound grand, and you get excited, but you are likely to be taken advantage of; consider taking the opposite action. If a coin is extremely popular, you can short it immediately,
7. When you are excited, a downfall will arrive as expected; your excitement is also a trap set by the market makers.
8. If a group member recommends something and you find it uninteresting, it’s likely to take off; when you have doubts, it might be worth trying a small amount.
9. When you hold a large position, you will definitely face liquidation; why? Because you are on the exchange's focus list for liquidation.
10. After your short position hits a stop loss, it will surely drop; how can it drop without tricking you out of the market or causing a big rise? For example, TRB.
11. Just when you are about to break even, the rebound suddenly stops; how can they let you close and run away? 12. When you take profits, it will pull back; how can you not exit if it’s too heavy?
If you blindly guess trends in the market, you will always be counterproductive!
If you lack technical and news support and only look at the decline list or hot list to make trades!
Then it will not last long. Follow me, focus on 55, making one or two trades every day, and take profits when you see fit.
Uncertainty leads!!! Those with strong execution come in!