From 10,000 to 1,000,000, I used the dumbest cryptocurrency trading method, with a winning rate close to 100% profit! (All cryptocurrency traders should read this)
1. Don't rush to cut losses during a big drop in the morning session; it is usually an overreaction to negative news from the previous night. You can wait for market repair and reversal later. Don't blindly chase after a big rise at the end of the session; some major players like to test the waters and create false signals, leading to a lower opening the next day to absorb shares. $ETH
2. Make good use of trading volume as a practical technique; volume can indicate the direction of the market. Continuous rising with decreasing volume indicates strong control by major players, while decreasing volume during a drop suggests that panic selling has not yet occurred, and the bottom has not been reached, so it will continue to fall. $BTC
3. Learn to observe the structural tops of sectors; typically, sector trends are formed by five waves. The first wave attracts following traders, the second wave is a washout adjustment, the third wave is the main upward trend, the fourth wave shows complex divergences, and the fifth wave is for unloading. During this process, the third wave usually has the largest increase, the first wave is second, and the fifth wave has the lowest. However, market conditions are constantly changing, and it's not uncommon for there to be fewer than five waves. One cannot simply memorize patterns. When discovering that the leading stocks in a sector are sluggish, the subsequent rebound may not continue the previous strength, and it is likely to have peaked. #币圈
4. Each time there is an acceleration at the top of Bitcoin, you will see certain sectors rise sharply, triggering a reversal in Bitcoin. Just check if the performances of the leading stocks have stabilized and rebounded, and then the index is likely to follow suit. #币圈暴富
5. Focus and specialize to enter the market better, especially for new friends just entering the market. Research one trading method and master its skills; this is much more beneficial than trying to learn multiple things at once. Being greedy often leads to loss, and lacking proficiency can easily result in being taught a lesson by the market. Do not switch strategies casually; settle down to learn, and you will gradually improve. After achieving stable profits, then learn more techniques to integrate your knowledge. #比特币
6. Market trends can be divided into three structures: upward, downward, and sideways. During the rising phase, all technical indicators tend to have a higher winning rate, while in the consolidation phase, utilizing support and resistance for high selling and low buying is more efficient. In a downtrend, most indicators become ineffective. Using different tools for different phases will help you to be well-prepared. #CPI数据来袭
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