8 Key Strategies in the Crypto World: From 50,000 to 2.58 Million - A Path for New Investors
After 6 years in the crypto space, enduring countless detours and experiencing over twenty failures, I have summarized these 8 key strategies that can help anyone out there!
1. Skillfully Use Morning Trends: Mornings are when market sentiment is very pure. If prices plunge significantly, don’t panic; this could be a great opportunity to buy the dip. If the morning sees a strong upward trend, don’t be greedy; take the chance to secure profits and cash out.
2. Master Afternoon Strategies: If there’s a sudden surge in the afternoon, don’t get carried away and follow the crowd, as it often leads to a trap; buying at high levels can be risky. Conversely, if the afternoon sees a downturn, it’s wise to stay calm, observe for a while, and wait for the right moment around 16:00-17:00 to enter at a low point, which often yields rewards.
3. Maintain a Steady Downward Mindset: If you wake up to see prices dropping in the morning, don’t rush to sell. The market changes rapidly, and morning fluctuations can often be misleading; if the market is stagnant and calm, don’t act in haste. It might be better to take a break, conserve your energy, and wait for opportunities.
4. Strictly Adhere to Buying and Selling Principles: If the coins you hold haven't reached your expected high, don’t sell easily; earning less is still a loss. If prices haven’t dipped to your psychological price point, refrain from impulsively buying to avoid catching a falling knife; during sideways market phases, when trends are chaotic and direction unclear, trading can feel like blindfolded exploration, so it might be better to observe from the sidelines.
5. Operate Based on Candle Patterns: Enter on bearish candles and exit on bullish candles; this is a classic strategy. A bearish candle indicates price correction and cheaper assets, making it a good time to buy; a bullish candle suggests a short-term upward trend, so take the opportunity to secure profits at a higher price.
6. Endure the Pain of Consolidation: Prices consolidating at high or low levels for extended periods can be torturous. Don’t let anxiety push you into hasty actions; stay patient and wait for clearer trends to emerge, whether the market will rally or plunge, and then strike with full force.
7. Seize the Highs: After a prolonged period of sideways trading at high levels, if there’s a renewed upward push, don’t hesitate, as this is likely the final surge. Sell promptly to secure your profits, as opportunities can be fleeting; a cooked duck may just fly away.