Once you get the hang of trading cryptocurrencies, life feels like a revelation! Ten years ago, when I first entered the cryptocurrency circle, I, like most retail investors, felt that profits and losses were all down to luck, and I couldn't grasp the patterns. However, after spending a few years in the crypto world, through continuous learning and absorption, and with the help of mentors and seniors sharing their knowledge, I gradually figured things out and formed my own investment system!
1. Skillful Use of Morning Market: In the morning, the sentiment in the cryptocurrency market is the purest. If the price drops sharply, don't panic; this could be a good opportunity to buy at a low price. If the market rises sharply, don't get greedy; take the opportunity to profit and lock in your gains.
2. Grasping Afternoon Strategies: If there's a sudden surge in the afternoon, don't get carried away and follow the trend to buy in; most of the time, it's just a false signal, and buying at a high price can lead to losses. Conversely, if the afternoon sees a decline, be patient and wait to observe; often, waiting until the next day to find the right low point to enter can yield low-priced assets.
3. Stabilizing Downward Mindset: If you wake up in the morning to see prices dropping, don't rush to cut your losses. The market changes rapidly, and early morning fluctuations can often be an illusion. If the market is stagnant and calm, don't be anxious; take a break to recharge and wait for opportunities.
4. Strictly Adhering to Buying and Selling Principles: If the cryptocurrency in your hands hasn't reached your expected high, don't sell easily; earning less is still a loss. If it hasn't dropped to your psychological price level, hold back and don't rush to buy to avoid catching a falling knife. As for sideways markets, where trends are chaotic and direction is unclear, trading at this time is like a blind person trying to feel an elephant; it's better to observe from the sidelines.
5. Operating with Candlestick Patterns: Enter on a bearish candle and exit on a bullish candle; this is a classic strategy. A bearish candle indicates a price correction and cheaper assets, making it a good time to buy; a bullish candle signals a short-term upward trend, so take profits when prices rise.
6. Breaking Through with Contrarian Thinking: To stand out in the cryptocurrency circle, sometimes you need to go against the tide. When everyone is enthusiastically buying, remain calm; when others are panicking and selling, be bold, dare to take contrarian actions, and you may find niche opportunities for wealth outside the mainstream waves.
7. Enduring the Pain of Consolidation: When prices consolidate at a high or low level for an extended period, it can be quite torturous. Don't let anxiety overwhelm you; be patient and wait for clarity on whether the trend will rise or fall before making a decisive move.
8. Catching the Last Surge: After a long period of sideways movement at a high level, if there is another upward push, don't hesitate—this is likely the last frenzy. Sell in time to secure your profits; otherwise, the opportunity may slip away, and the cooked duck could just fly away.
