It is easier to lose money in the cryptocurrency world. This is a lesson I learned with real money. Four years ago, I was a "technical person" who stayed up late to watch the market, studying various indicators such as K-line, MACD, RSI, etc., but I ended up making money and losing money. The account balance hardly changed and I even had a few liquidations. Until I met an old leeks, he told me: The simpler the cryptocurrency trading, the better.
In my opinion, the key to market speculation is to maintain a good attitude, and the mastery of the technical level is secondary. This indifference and calmness may be the secret of my ability to navigate the cryptocurrency world with ease and gain a lot.
Working in the coin circle: high winning rate structure "bottom pattern +"
The bottom pattern usually appears at the end of a decline and is composed of 3 to 4 K lines.
It is one of the classic combinations that is easiest for novice friends to learn and recognize.
The larger the volume of the third Yang line, the higher the degree of reversal and the more reliable it is.
Combined with the cross star at the bottom, it is perfect!
1. Technical characteristics of bottom classification
1. Appear in a downward trend.
2. It is composed of three K lines. The first one is a Yin line, the second one is a small Yin line, a small Yang line or a cross line, and the third one is a Yang line.
3. The third Yang line should be large and almost completely recover or reverse the first Yin line.
2. Technical Meaning of Bottom Pattern
The bottom pattern is a common high-win rate bottom reversal signal. This pattern shows that after the currency price has fallen sharply, the short-selling energy has almost been released, and the price is unable to fall further. The positive line on the right shows that the bulls have begun to fight back, which intuitively reflects the comparison of the long and short forces. Therefore, the probability of structural reversal is very high, and the market outlook is bullish!
The bottom pattern perfectly reflects the short-term trend reversal in Dow Theory+:
The first Yin line is the latter low is lower than the previous low
The second K-line coin price stopped falling and consolidated
The third positive line has a higher high than the previous high.
Practical Logic
The first Yin line is like a car driving on the road, the decline of the Yin line is like the speed, and the trading volume is like the power. The smaller the decline, the slower the speed; the smaller the trading volume, the smaller the power of decline.
The second K-line shows the entire process of the car braking, stopping and turning around.
The third K line is a positive line. Like the first negative line, the increase and trading volume of the positive line represent the speed and power. The greater the increase, the faster the speed, the larger the trading volume, and the stronger the power to go long.
The feedback in the trend is that when the price falls to a certain level, the shorts are exhausted and unable to fall further. The longs take the opportunity to counterattack and reverse the trend in one fell swoop. Therefore, traders can follow up and buy after the bottom pattern appears!
Special Tips:
When the bottom pattern and the rising flag + appear at the same time, the probability of the market rising in the future is very high, and it is also an important signal to identify the end of the flag. Strike while the iron is hot, tomorrow we will talk about the rising flag!
Direct talk about the tricks of currency speculation
Six things not to start with, four things not to let go:
Six things not to do:
1. If the coin keeps falling and the 60-day line* has not stabilized, don’t touch it. Follow the trend, and wait and see when the coin that keeps falling will turn around.
2. Don’t buy coins that have good news after they have risen. Good news is often a signal to sell. If a coin that has already risen has good news again, the main force may want to close the net.
3. If the price rises too fast all of a sudden, stay away from coins with the "5-day line" and don't chase them. Coins that rise too fast are also risky, and it is easy to get stuck if you chase them high.
4. Don’t take risks when the coin suddenly jumps up at a high level. The risk is not small when the coin jumps up at a high level. It may be that the main force is quietly selling the coin.
5. Avoid coins with a turnover rate of more than 30%. A high turnover rate indicates that the long and short sides are fighting fiercely. Let's avoid this volatile market first.
6. Don’t be fooled by coins that are still holding up when the market is not good. 80% of the coins that are still holding up when the market is not good are “smokescreens”
Four don't let go:
1. If the RSI is between 50 and 80, continue to hold it. If the RSI is in the middle and high, it means that the coin still has strength and you can earn more by continuing to hold it.
2. Don’t rush to sell coins that jump up from a low position. A gap up indicates that the bullish momentum is very strong. Let’s see if it can continue to rise. 3. Hold on to coins that are trending upward. Follow the trend. The longer you hold on to coins that are on the rise, the more you will earn.
4. Don’t sell coins that have all their chips in one place easily. The chips are all piled together, and the main force may still want to push the price up. It’s not too late to sell them at a higher point.
Experience of cryptocurrency trading: When it comes to cryptocurrency trading, you still have to follow the rules and can’t just go with your feelings.
Seeing the trend clearly is much more reliable than guessing blindly!
Three angles, ninety-nine essences! The tricks of cryptocurrency trading that the big guys won’t tell you
It is no exaggeration to say that one day in the cryptocurrency world is like one year in the real world. Many people want to get on this accelerator, but risks and benefits coexist.
Qingtian often receives messages in the background: What should I do if this coin drops today? Should I sell that coin tomorrow? What I feel is a kind of panic and confusion when facing an unpredictable circle.
Today, I will share with you some useful information from the three perspectives of news, technology, and mentality. It is very suitable for novices who have no idea about the cryptocurrency world.
News
.You must find ways to collect first-hand information to win, and it is especially important to analyze major consulting media in the circle
2. Most media are business agents for big investors and also non-vegetarian investment consultants.
3. Only by mastering the characteristics of different industries can you have the opportunity to make profits.
4. Buying stocks that are contrary to the opinions of experts is sometimes a unique way of speculation!
5. Before investing, you must make every effort to prepare, learn about financial knowledge, domestic and international financial and political trends, and detailed analysis of the team and implementation are key.
6. Buy or sell when the news comes out, and sell or buy when the news is confirmed.
7. Do your own research and judge the market conditions on your own, and don’t change your mind because of unconfirmed rumors.
8. If there is a problem with the team, there will be problems with the product, so it is better to do less.
9. Any direct investment is professional investment, and professional investment requires professional knowledge as a basis.
10. Nine out of ten people who claim to make accurate predictions are losers.
11. If the information is inaccurate, you will lose. The most futile behavior is to try to guess the psychology of big investors and speculators.
12. When buying, you need to understand whether the relationship between the issuer's profit potential and the current market conditions is reasonable.
13. This circle is small, but it does not mean there is no circle. It is very helpful to know a few big names.
14. Don’t let sudden news change your original intention to buy or sell.
15. All good news is bad news, and all bad news is good news.
16. There are code words in the operation of institutions. For example, the order "232323" may mean shipment. Each institution is different, so it is necessary to study it.
17. Don't join a small circle. If you join, you will only use your ears and brain.
18. White paper + no specific content and R&D technical team, the probability of air market is over 80%.
19. Is the project open source? Generally, open source projects will be uploaded to GitHub. If not, you need to be careful.
2. Technical
20. Following the right coin is half the battle.
21. The routines of big investors are often quite unexpected, deceiving the leeks who are not well-informed in the industry to facilitate their own purchase and sale of goods. You must accurately analyze the trading volume pattern.
22. The timing of buying is the most important part of virtual market investment.
23. If the decline exceeds one-third, it is a warning sign.
24. Three steps to rise: bottoming out - breaking through - soaring!
25. The index has been updated for three consecutive days, but the trading volume has decreased successively, and the market outlook may not be good.
26. Long-term leading stocks will inevitably experience a sharp decline. If the decline exceeds 50%, the probability of a 30% rise in the bottom is relatively high.
27. It is common for small and medium-sized investors to be trapped by large investors, so diversification of investments is crucial.
28. The rise and fall of the index is not random, and the rules are much simpler than those of the lottery. Appropriate screenshot analysis is crucial!
29. Anyone who leads the rise will inevitably lead the decline.
30. Avoid too much switching when buying and selling. Don't act rashly when you are indecisive. Be constant in the face of ever-changing circumstances.
31. A surge in trading volume and no change in price is a signal that the top is near. At this time, it is best to "run away".
32. The longer it hovers at a low level, the greater the upward range will be, and the probability of rising by 30% will reach more than 70%.
33. To judge whether it is growing or declining, it depends on the gap with the trend of the times. Policy is the biggest risk and is still necessary.
34. Trading volume is the pulse, which can tell whether you are sick.
35. It is better to choose a good time to buy than to know what to buy. Knowing how to sell is a hundred times better than knowing how to buy.
36. Don’t put all your financial resources on one thing.
37. Do not speculate because you think the price is low and the potential is large. Once the market turns around, it will be difficult to sell and the decline will be doubled. 38. Buying stocks with lower profitability and lower prices may be more cost-effective than buying stocks with better profitability. 39. Do not trade short and long without sufficient experience. It is common to get hurt.
40. Determining long-term investment goals and principles is the primary issue.
41. Market fluctuations have a track to follow. If you master this track, you will win every battle.
42. The smaller the increase, and the lower the trading volume, are obvious signs that the top is approaching.
43. Experience shows that the duration of the technical factor market is generally shorter, about one-third of the duration of the fundamental factor market. 44. Preventing being stuck at a high price is the most important lesson for beginners, so it is crucial to practice at a low price. 45. If the stock does not rise when it should, you should be optimistic; if the stock does not fall when it should, you should be optimistic.
46. Fundamental analysis can tell you which coins have intrinsic beauty, while technical analysis tells you the best time to mine them.
47. Funds in the trading session always flow in the most favorable direction.
48. Low prices fluctuate more than high prices.
49. Buy when you can, sell when you should, stop when you must, safety first, stability above all else, rashness leads to loss, greed leads to poverty.
50. Short-term fluctuations in the market have nothing to do with long-term performance.
51. You must understand the “Sunday Theory+”, many coins are rising today.
52. You still have to buy a robot because it reacts faster than the human brain.
53. The price changes and band changes are different in different exchanges. It is necessary to choose a good exchange.
54. New currencies are often the best choice for short-term trading.
55. It is best to configure a combination of international markets and altcoins
56. Big coins are falling, relatively stable, while altcoins are volatile, with many opportunities.
57. Try not to operate during rapid stretching.
58. It is best not to hold all your positions. It is better to hold half of your positions or leave 1/3 of your positions to make up for the decline.
59. You must have a thorough understanding of the operating conditions of the team or foundation, and if necessary, tell it to the person you think is the dumbest to hear their opinions.
60. Don’t buy too many popular stocks, because popular stocks tend to rise quickly and fall quickly.
61. Don’t bet all on one currency. Try to diversify your bets.
62. Trading volume can show the situation of changes. When the trading volume starts to increase, you should pay attention to it and either sell or take a profit.
63. What you hold must be sold sooner or later. If you don’t sell, you are just a fool. 64. The highest price or lowest price in the process of market changes will often become the top price or the low price. After this hurdle, it will either be a rocket or a waterfall.
65. Following the trend is about filling your wallet.
66. It is best to choose those that have good prospects but are not yet very popular and are easy to make money.
67. Experts usually make a plan with each step written clearly, and all that remains is to strictly execute it as required.
68. The basic routine of institutions: five stages: building positions, testing the market, pulling up, washing the market, and shipping.
69. There are generally two possibilities for a sudden increase in volume. One is that the market makers are protecting the market, and the other is that institutions are long. At this time, you should follow the trend.
70. After climbing a flight of stairs, people usually wash the dishes. If you get off the bus at this time, you may not be able to wait for the next bus.
71. It is not impossible to get rich with 10 yuan in the market, luck is also the key.
72. When encountering a big pullback, it is an opportunity to buy a little.
73. Don’t overestimate the IQ of big shots, many of their actions are just showing their low standards.
74. Before you make a small amount of money, proceed step by step and don’t play with large amounts of money.
75. Buying at a high price is risky, so beginners should just ignore it.
76. For beginners, don’t chase the rise. It is better to miss it than to rush in to get on board.
77. If the market cap is too small and is only traded on one exchange, you should be cautious when participating.
78. If you can join for free at the beginning but are asked to pay various fees later on, this is basically considered a pyramid scheme and it is recommended that you do not join.
79. It has not yet been listed, but the price has increased many times during the fundraising period. It is recommended not to participate.
80. Moving bricks is a relatively low-risk and easy-to-earn job.
Mentality
81. Small profits often delay big market trends. Don’t be confused by small changes in the general direction.
82. The person you can trust the most at any time is yourself. It is crucial to follow your own path.
83. When you are hesitant, you should stop taking action, which means that the market situation is not yet clear.
84. Being one step ahead may ensure victory.
85. There is no such thing as a stock that only goes up and never goes down, and there is no such thing as a stock that only goes down and never goes up. Opportunities always exist. The price in your heart is the key. Regret is useless. 86. Exercise a strong body so that your heart can withstand the impact of ups and downs.
87. The secret of why the price goes up as soon as you buy and as soon as you sell is that it has something to do with the trader’s trading, because the trader is constantly studying the psychology and behavior of non-traders every day.
88. Market speculation is all about numbers. Never establish a relationship with money. If you do, you will definitely lose money.
89. The market changes very quickly. It is normal for bullish positions to change within 10 minutes. You must keep a balanced mentality.
90. If you can’t stand being scared, you won’t get big. Courage, courage, and more courage.
91. Patiently wait for the market with large-scale positions to become a real blue chip stock. This is the real mentality.
92. The mentality of being in a hurry to make money is a big taboo for speculators.
93. Remember that the power of compound interest is the greatest.
94. The definition of leeks is people who chase after rising prices, believe in rumors, and have an impetuous mentality.
95. Listen less to orders and use your brain more.
96. Do not use your own financial resources to estimate the market, and do not let your determination be affected by how much you earn or lose. In this industry, everything you hold is wool.
97. You may be very successful in business, but there is no necessary connection between you and the cryptocurrency world.
98. Experience can cultivate inspiration, but inspiration cannot rely entirely on experience.
99. There is no free lunch. You must set a range of losses that you can afford.
Learn to release the burden in your heart, do not be ecstatic because of profit, and do not be depressed because of loss. Actively put down your mobile phone and computer, reduce excessive attention to market conditions, and meet the challenge of every transaction with a calm and firm heart.
Lao Bo only does real trading, the team still has positions to fill in.