Can money still be made in the cryptocurrency market?

Making a little money in the crypto market is not very difficult; it depends on how much capital you have. The simplest way is to observe the market daily, focusing on BTC and Ethereum. Look at the market trends over the past two weeks, and when the price drops to your desired level, buy in. Wait until the price rebounds to a reasonable level and sell a few thousand, and you’ll have it in hand.

When entering the crypto market, never do three things!

The first thing is to never buy when the price is rising; be greedy when others are fearful and fearful when others are greedy. Make it a habit to buy when prices are falling.

The second is to never place large orders.

The third is to never go all-in; being fully invested makes you very passive, and this market is never short of opportunities. The opportunity cost of going all-in is very high.

Now let's talk about six short-term trading tips.

The first is that after the price of a coin consolidates at a high level, it usually reaches a new high. Conversely, after consolidating at a low level, it typically makes a new low. Therefore, wait for the direction of the trend to become clear before taking action.

The second is to avoid trading during sideways movements; most people lose money in crypto because they cannot adhere to this simplest principle.

The third is when choosing candlesticks, buy when a downward candle appears and sell when an upward candle appears.

The fourth is that when the downward trend slows, the rebound is also slow; a quick drop often leads to a quick rebound.

The fifth is to build your position using the pyramid buying method, which is the only constant in value investing.

The sixth is that when a coin continues to rise and then falls continuously, it will inevitably enter a consolidation state. At this time, there’s no need to sell everything at a high point, nor is it necessary to buy everything at a low point. After consolidation, it will inevitably face a trend change. If the trend shifts downward from a high point, it’s time to clear your position. In short, be prompt in your actions!