What should a novice in the cryptocurrency world pay attention to?
If you plan to invest in the cryptocurrency market, please take a few minutes
It all stems from the pursuit of a distant dream of making big money in the cryptocurrency world.
I believe that if I really want to continue down the path of trading, I must dedicate myself to learning. In addition to understanding the fundamentals, I should analyze news events and also research technical indicators.
If I do not conduct in-depth research and reasonably plan and manage my finances, my funds will only be exhausted over time. In the end, as a completely ungrounded retail investor, I will only joyfully enter the market and leave in disappointment.
There is a reason why some famous technical indicators have been passed down through time. For example, the divergence signals of MACD, the overbought and oversold signals of KDJ, and support and resistance signals, etc. Although they cannot guarantee profits, they can allow you to conduct quantitative analysis based on a relatively mature model, thus providing investors with a basic direction.
First, we need to know under what circumstances rolling over positions is appropriate:
Currently, only the following three situations are suitable for rolling over:
1► Choosing a direction after a long-term sideways volatility low
2► Bottom-fishing after a major drop in a bull market
3► Breaking through significant resistance/support levels on a weekly chart
Overall, only in the above three situations is the chance of success relatively high; all other opportunities should be abandoned.
Still, the saying goes, bulls have their strategies, and bears have their playstyles.
They will not lead fans to liquidation, nor will they blindly open positions.
It's all about seeking victory steadily, with a steady approach. Those who want to eat meat should keep up!
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