Bitcoin trading, the size of the cycle determines the entry point, and profits can multiply tenfold
Previously discussed entry points in the trading system, the choice of entry point is very important for trading
Those with practical trading experience know that market false breakouts or poor entry points lead to large stop-losses, in such cases, one can only reduce the entry funds as volatile markets often yield smaller profits.
Everyone needs to summarize their own entry methods, don't mention those who enter randomly based on feelings
I often use the method of combining large and small cycles to find entry opportunities. Because we do trend trading, the method must include trend judgment, and then choose the trading level based on one's trading style, so I recommend using large, medium, and small three cycles for analysis
1. Large cycle: determine direction and analyze trends, whether it is in a consolidation or a trend, only trade during the initiation and continuation phases of trends, stop trading during consolidation and wait...
2. Medium cycle: operating level, position level
3. Small cycle: entry level, stop-loss level
Choose large, medium, and small cycles based on your own operating habits
The diagram below reveals the method of combining large and small cycles, known in the industry as following the large cycle, countering the medium, and following the small.
Trading coins and gaining insight is the same process, from losing seven times to breaking even twice and then making a profit once, it is simply about being focused and not being greedy for various profit models; firmly sticking to this trading system, over time this system will become your cash machine.
One tree cannot make a forest, a lone sail cannot go far! In the crypto world, if you don't have a good circle, and no first-hand information, then I suggest you follow me, I'll help you get on board without any cost, welcome to join the team!!!
Continuously pay attention to BTC ETH BNB
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