$BTC $BTC $ETH #币安Alpha理财中心#币安HODLer空投RESOLV#MichaelSaylor暗示增持BTC After years of scraping through the cryptocurrency market, experiencing countless ups and downs, I have summarized my insights into eight key phrases.
1. Make Good Use of Morning Market Trends: In the morning, the market sentiment is at its purest; if prices plunge significantly, don't panic, this could be a good time to pick up bargains; if the morning shows a strong upward trend, don’t be greedy, take the opportunity to sell and secure your profits.
2. Grasp the Afternoon Strategy: If there's a sudden surge in the afternoon, don't be swept away and follow the crowd to chase in, as most of it is just a false rally, and entering at high positions can lead to being stuck; conversely, if there's a significant drop in the afternoon, it's better to stay calm, observe for a while, and find the right low point to enter the market the next day, often leading to harvesting low-priced chips.
3. Maintain a Steady Mindset During Declines: If you see a sharp drop in cryptocurrency prices first thing in the morning, don't rush to cut losses; the market changes rapidly, and morning fluctuations are often 'smoke and mirrors'; if the market is stagnant and lifeless, it is wise to wait patiently.
Don't be anxious, it's okay to take a break, conserve your energy and wait for opportunities.
4. Strictly Adhere to Trading Principles: If the coins in your hands haven't reached the expected high position, don't easily sell; even making less is still a loss; if they haven't dropped to your psychological price, hold back from recklessly buying to avoid catching the bottom halfway; during sideways phases, when trends are chaotic and direction is unclear, trading is undoubtedly like a blind man touching an elephant, it's better to just watch from the sidelines.
5. Operate Based on Candlestick Patterns: Buy on bearish candles and sell on bullish candles, which can be considered a classic strategy. A bearish candle indicates a price correction and cheaper chips, making it a good time to enter; a bullish candle signals the formation of a short-term upward trend, selling at a high to secure profits.
6. Breakthrough with Contrarian Thinking: To stand out in the cryptocurrency market, sometimes you have to go against the tide. When everyone is enthusiastically chasing, maintain a bit of calm; when everyone is panicking and selling, be more decisive and dare to operate counter to the mainstream, thereby finding opportunities for niche wealth.
7. Endure the Pain of Consolidation: When prices consolidate at high or low levels for a long time, it can be quite frustrating. At this time, don’t be overwhelmed by anxiety and act rashly; be patient and wait until the trend becomes clear, whether it's an upward attack or a downward probe, before making a full-force strike.
8. Seize the High Tail: After a long period of high consolidation, once it surges again, don't hesitate, this is likely the final frenzy. Timely selling ensures that you secure your profits, otherwise, they may slip away, and the cooked duck could fly away.