Make a single decision
Before entering the cryptocurrency market, be prepared first; it is better to enter less than to enter too quickly.
Trading sideways at a low level, reaching a new low; buying in large quantities is a good opportunity.
Sell high when going high and buy in when going low; try not to trade when the market goes sideways.
It has been trading sideways, which means it is falling instead of falling. You should hold on to your coins tightly as the price may rise at any time.
When the market is rising rapidly, you must always be prepared to sell, as a sharp drop may occur at any time.
When the price slowly declines, it is time to add to your position little by little.
Consolidation between high and low levels, wait a moment.
If the price goes sideways at a high level and then rises higher, seize the opportunity and sell quickly; if the price goes sideways at a low level and then hits a new low, buy in all your positions, it is a good opportunity.
Don’t sell if it doesn’t go up; don’t buy if it doesn’t go down; don’t trade if it goes sideways.
Buy the Yin, don’t buy the Yang; sell the Yang, don’t sell the Yin; go against the market, and you will be a hero.
If there is a big drop in the morning, you should buy; if there is a big rise in the morning, you should sell; if there is a big rise in the afternoon, don’t chase; if there is a big drop in the afternoon, buy the next day; if there is a big drop in the morning, don’t sell; if there is no rise or fall, go to sleep; if you are stuck and add to your position, you want to protect your capital; it is greedy to desire profits.
On calm waters, with one high wave, beware of big waves behind; after a big surge, there will be a correction, and the K-line for many days will form a triangle; for an upward trend, look at the support; for a downward trend, look at the resistance.
Operating with a full position is a taboo; acting on one's own is not advisable; in the face of unpredictable changes, one must know when to stop; enter and exit freely, and observe the opportunity: cryptocurrency trading is about mentality; greed and fear are great harms; chasing ups and downs, one must be cautious; be calm and at ease.
I have sorted out some trading methods for your reference when I have time, and I will share them with you slowly in the future.
The first method: the oscillation trading method. The market is in an oscillating pattern most of the time. Selling high and buying low between boxes when the market is oscillating is the most basic method to make stable profits. The indicators used are BOLL and box theory. The premise for success is to find the resistance and support based on various technical indicators and graphics. The principle of using the oscillation trading method is: short-term buying and selling, don’t be greedy!
The second method: trading after a breakout. After a long period of consolidation, the market will eventually choose a direction. Buying in after the market changes direction is the fastest way to make stable profits. This requires good judgment of market changes, a steady mentality, and avoid greed and fear!
The third method: unilateral trend trading method. After the market breaks through the market, the market will choose a direction. After the unilateral market is formed, it is an eternal truth to trade in line with the trend. In every callback or rebound, there is an opportunity to enter the order, which is the best guarantee for stable profit. The technical indicators used are: K line, moving average, BOLL, trend line, and you are required to be proficient in the above indicators.
The fourth method: resistance support order method. When the market encounters very important resistance support, it will often be blocked or supported. Entering an order at this time is our common method and the most common method for stable profit. The indicators used are trend lines, moving averages, Bollinger bands, and parabolic indicators, which require very accurate judgment of resistance support.
The fifth method: callback rebound method. When the market has experienced a wave of sharp rise or fall, there will be a short callback or rebound trend. Seizing such an opportunity is the easiest and simplest way for us to make stable profits. The main indicator used is the K-line pattern, which requires a very good sense of the market and the ability to accurately judge the high or low points.
The sixth method: time period order method. Generally speaking, the early morning or afternoon trading has small fluctuations, and the market is easy to grasp, which is suitable for investors with mild personalities. The disadvantage is that the time to place an order to make a profit is extended, and sufficient patience is required. The late and early morning trading has violent fluctuations, and can quickly make profits and have multiple operating spaces. It is suitable for aggressive investors. The disadvantage is that the market is difficult to grasp, it is easy to make mistakes, and it requires a high level of technical level and judgment ability.
Full of useful information to share!
