Learn to Identify Trends #BTC
In Crypto trading, BTC always dominates all fluctuations.
Almost 99% of coins move up and down according to BTC, with 1% being exceptions of newly listed coins.
Note:
Daily trend analysis of BTC is a top priority. Learn to read 1-hour, 4-hour, daily, weekly, monthly candlestick charts, and MA 7 indicators to grasp the movement trend of BTC.
Once you recognize the direction of BTC, it will be much easier for you to buy and sell coins.
Categorize coins into different types to have a strategy for each type.
For example:
1. Newly listed coins should not be participated in due to high risk.
2. Coins with a market capitalization over 1B
3. Coins that have dropped significantly
4. Coins that have increased for many consecutive weeks.
...
The final task is to establish principles in trading.
You will achieve victory if you have the right strategy.