Ten Key Points for Cryptocurrency Trading
In the crypto world, achieving financial freedom and class jumping must follow the iron laws of the market: the ten key points for wealth through cryptocurrency trading
1. Keep a close eye on Bitcoin trends
In the crypto world, Bitcoin often leads the direction of rises and falls. While Ethereum can sometimes show strength and perform independently, 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 wary of Bitcoin falling; when Bitcoin rises, it is an opportunity to buy USDT.
3. Seize trading opportunities in the early morning
From midnight to 1 AM every day, there is a tendency for price spikes. Domestic crypto enthusiasts can set low buy orders for their desired coins before sleeping and high sell orders, which may result in pleasant surprises and easy profits.
4. Observe the morning rise and fall trends
From 6 to 8 AM every day is a critical time to determine whether to buy or sell. If there is a continuous decline from midnight to 6 AM, and it is still falling, it is advisable to buy or average down, as there is a high chance of a gain for the day; if it is continuously rising, it is advisable to sell, as there is a high probability of a drop for the day.
5. Pay attention to afternoon volatility
Particularly at 5 PM, special attention is needed due to time differences, as American crypto enthusiasts begin trading, which may trigger price fluctuations, and many significant rises and falls occur at this time.
6. Beware of 'Black Friday'
There is a saying in the crypto world about 'Black Friday'; while there may be significant drops on Fridays, there can also be large rises or sideways movements, so keep an eye on the news.
7. Be patient with declining coins
If a coin with a certain trading volume drops, do not worry; holding it patiently can lead to a return. The short term can be 3 to 4 days, and the long term can be a month. If you have extra money, consider averaging down to speed up the return. Unless it’s a worthless coin.
8. Stick to long-term spot trading
Engaging in spot trading and holding the same coin long-term with few transactions often yields greater returns than frequent trading; it just depends on having patience.
9. Pay attention to external influencing factors
The crypto world is turbulent and influenced by multiple factors, such as countries' attitudes towards cryptocurrencies, which can lead to declines; U.S. financial policies, such as rumors of a wealthy tax; and influential figures' opinions on cryptocurrencies, like remarks from Elon Musk. Keep an eye on financial news.
10. Maintain a good trading mindset
A good trading mindset is crucial; do not panic during significant drops, do not become arrogant during large rises, and ensure to secure profits. #币圈知识 #区块链
（🐧👗👀 Home）
