There is a very foolish way to trade cryptocurrencies that almost guarantees a 100% profit. I made over 20 million using this method!
1. Time difference between East and West: Stay up late to monitor the market as cryptocurrency trading is mainly concentrated during European and American hours (Beijing time 21:30-7:30), and major price increases usually happen at night! So, if you want to make money, staying up late is a must! Sleep at 20:00, wake up at 4:00 to monitor the market; this is the routine of a qualified trader.
2. Don't panic during daytime drops: Is the market crashing during the day while foreigners are pulling up the price at night? Don’t be afraid! At 21:30, when foreigners come into the market, they can pull it back in an instant! Remember: daytime drops are buying opportunities, and never chase after daytime increases; there's a high probability it will drop back at night.
3. The deeper the spike, the stronger the signal: A K-line spike (long upper and lower shadows) is a common tactic used by market makers; the deeper the spike, the stronger the reversal signal! Usually, after a spike, it is the best time to buy or sell, so don’t be fooled by the market makers!
4. News hitting the ground is bearish: Before major meetings or good news, cryptocurrency prices will definitely rise, but as soon as the news is released, they will immediately drop back! So, plan ahead; when the news comes out, run quickly and don’t be greedy!
5. Community recommendations? Reverse your actions: If there are crazy recommendations for a coin in the group, don't believe it! It’s likely a trap! The more popular a coin becomes, the more cautious you should be; reverse actions are the way to go!
6. Heavy positions lead to liquidation; light positions are the way to go: Holding heavy positions? Congratulations, you’ve made it onto the exchange’s liquidation list! Market makers specifically target heavy users and can easily make you liquidate in an instant! So, having light and diversified positions is the way to survive!
7. Stop-loss leads to drops, take-profit leads to rises: After a stop-loss on short positions, prices drop; after taking profit, prices rise; market makers don’t want you to make money! So, be cautious with stop-losses and take-profits in batches, don’t let market makers lead you by the nose!
8. Just a little bit away from breaking even: Stop dreaming: Are you about to break even? The rebound suddenly stops! How could market makers let you escape easily? So, when approaching break-even, reduce your position appropriately, don’t be greedy!
9. Excitement = waterfall warning: When you’re extremely excited, a waterfall is about to come! Market makers use your emotions to cut you off; staying calm is the way to win! Winner!
If you are also a tech enthusiast and are diving deep into technical operations in the cryptocurrency world, feel free to check out my article on the official account 'Sunny Days in the Crypto Circle,' where you will get the latest cryptocurrency intelligence and trading skills.