Rule 1: Follow the fluctuations of Bitcoin's trading. Bitcoin serves as a barometer for the rise and fall of other altcoins. There are relatively few coins with strong conceptual logic like Ethereum, which sometimes can break away from Bitcoin's influence and trend independently, but other altcoins basically cannot escape Bitcoin's impact;
Rule 2: Seize the golden moments for trading. From 24:00 to 1:00 the next day, it is the easiest time to encounter the phenomenon of 'golden opportunities.' Those looking to snag bargains can place extremely low buy orders before bed or set ideal sell prices, as transactions may occur during this time when there is a low trading volume in most parts of the world, and anything can happen.
Rule 3: Pay attention to the price trends of the intermediary currency USDT. Generally, USDT and Bitcoin move in opposite directions. If one day you notice a rapid rise in USDT, you should be alert to a potential crash in Bitcoin; conversely, when Bitcoin is rising, it is the golden low point to buy USDT;
Rule 4: Pay attention to the financial news from various central banks every day. The most significant influencing factor for volatility in the cryptocurrency market is the attitude of different governments towards Bitcoin. If it is a crackdown or control, a wave of decline is basically expected; additionally, the impact of U.S. financial policies is also substantial, such as the recent talk of imposing a wealth tax on the rich; statements from financial capital moguls also matter.
Rule 5: Focus on several key time periods to reduce risks and increase returns. The time from 6 AM to 8 AM every day is a critical point for making buying and selling decisions, as well as assessing the day's rise and fall. If the price has been dropping from midnight to 6 AM and continues to drop during that period, it’s an opportunity to buy or average down, and it is likely to rise for the day. Conversely, if the price has been rising from midnight to 6 AM and continues to rise, it’s a selling opportunity, and the day is likely to fall; furthermore, 5 PM is an important time to pay attention to due to rumors in the market. Due to time zone differences, U.S. traders start trading, which may trigger fluctuations in the cryptocurrency market. Most significant rises or drops we see often occur during this time, so it’s essential to be particularly vigilant.
Rule 6: Black Friday. In the cryptocurrency world, there is a saying about 'Black Friday,' where significant drops often occur on Fridays, but there can also be periods of consolidation or significant rises. It's not particularly accurate, just keep an eye on the news;
Rule 7: Trading volume is the lifeline of cryptocurrencies. If a cryptocurrency with a certain volume of trading protection drops, there’s no need to worry; holding patiently will ensure you recover your costs, which may take a week at best or a month at worst. If you have extra USDT, consider buying in batches to lower the average price. A lower cost will expedite the recovery, and if you lack funds, just wait; it won't let you down. Unless you've really bought a worthless coin;
There is a saying I strongly agree with—knowledge boundaries determine wealth limits; a person can only earn wealth within their cognitive boundaries. One must maintain a good mindset when trading cryptocurrencies. During a significant drop, control yourself and don’t let your blood pressure spike; during a big rise, don’t get carried away; secure your profits. In the beginning, I also worried so much that I couldn't sleep well, often waking up in the middle of the night, but now I am much calmer. Those without many resources should be practical, as that is the timeless way of survival!
