How to play in the cryptocurrency market for long-term stable profits!
Focus on Expertise: In a bull market, news is overwhelming, don’t get distracted, stick to the strategies you are good at, simplicity is key.
Stay Updated: Keep an eye on trending topics in the market, the direction everyone is discussing often hides opportunities for speculation.
Target Leaders: When encountering a desirable "potential coin", especially leading coins, act decisively; they can help you ride the waves.
Pay Attention to New Coins: Newly listed coins bring new concepts and new strategies, don't miss out, as the market tends to favor new things.
Fearless of Corrections: In a bull market, corrections are normal; don't be frightened by temporary declines, hold your assets steady.
Avoid Frequent Switching: Frequent switching of positions can lead to pitfalls; don’t easily tinker.
Filter Information: In a bull market, reliable information is invaluable; organize your information channels to ensure you stay well-informed.
Take Profits in Batches: Making money in a bull market is not difficult; the challenge is to hold onto profits. Regularly take profits in batches to secure your gains.
Leave Room for Maneuver: After taking profits, don’t sell everything; keep some in reserve. If the market has another opportunity, you can still benefit.
The cryptocurrency industry has experienced several major 'black swan' events. Below are six events with significant impacts that profoundly affected the market's development and reminded investors of the high risks and uncertainties in the cryptocurrency market: 1. February 2014 Mt. Gox Incident (MTGOX Hack) Event Overview: The world's largest Bitcoin exchange, MTGOX, was hacked, resulting in the theft of about 850,000 Bitcoins, approximately 7% of the global Bitcoin supply at the time.
Impact : Bitcoin price plummeted by 80%, severely undermining market trust. This event became a significant turning point in the history of cryptocurrencies, affecting the subsequent emphasis on exchange security and the advancement of regulatory measures in the crypto market.
PEPE Price Alert: Momentum Indicators Signal an 8% Price Drop, Can PEPE Swim Against the Tide?
On December 9, after PEPE formed a historical high, the price dropped nearly 8% in the past 24 hours. This pullback is closely related to multiple technical indicators, especially the RSI (Relative Strength Index) and 7D MVRV magnitude, suggesting that PEPE may face further downward pressure. RSI is approaching the overbought zone, and it may continue to decline in the short term. PEPE's RSI is currently at 33.3, approaching the critical oversold level of 30. The RSI value reflects the speed and magnitude of price fluctuations of the asset, and an RSI of 30 typically indicates that the market is oversold and may reverse.
However, the current RSI is close to this level and has significantly declined since December 16, indicating increased selling pressure in the short term and potential ongoing risks.
December 'Whale' Waves: Where Will Shiba Inu (SHIB) Go in the 'Survival Dilemma'?
Shiba Inu (SHIB) has seen a significant price increase since the beginning of 2024, with a rise of 162% year-to-date. However, SHIB's price has recently entered a consolidation phase, with only a 2% increase over the past seven days. Nonetheless, SHIB remains in 13th place by market capitalization, firmly holding its position as the second-largest meme coin, second only to Dogecoin. Recent technical indicators show that SHIB faces some uncertainty, especially regarding RSI, whale activity, and EMA trends. The next few days will be crucial; whether SHIB can regain upward momentum or continue to face downward pressure depends on how it interacts with key support and resistance levels.
Practical Sharing: Strategies for Unwinding After Being Stuck
1. Timely Stop Loss: If you've made a wrong purchase, especially when buying a coin that has surged after a high, you need to make a decisive decision to cut losses and exit as soon as possible to protect your funds. There are many market opportunities; as long as the funds are still there, there will always be a chance to turn things around.
2. Rebalance and Switch Coins: When the coins you hold continue to decline, and you find other potential coins that are about to rise, you can rebalance and switch coins, using the new profits to offset daily losses.
3. Sell High and Buy Low: If you're deeply stuck and believe the market may still fall, you can try selling a portion and then buying back when the price drops further to lower your holding cost.
4. Incremental Average Down: If your position is small and you believe the market may rise, you can appropriately average down in increments. However, control the amount of averaging down and seize the opportunity in a timely manner.
5. Lie Flat and Wait: If your entire position is stuck and funds are tight, and you can't afford to cut losses or don't want to, you can choose to lie flat and wait. During this phase, excessive anxiety and unnecessary thinking can interfere with decision-making. Remember, being stuck is not the end of the world; the key is to calmly analyze and look for the right moment to act decisively.
Today the market is all in the red. Here are a few indicators to observe:
1. The inflow of funds into Ethereum ETFs is getting weaker, resembling several past Christmas market trends, indicating that buyers need to take a break;
2. Due to the Penguin token airdrop, there is a dual bloodsucking effect on the NFT and altcoin markets, forcing the market to contribute the limited liquidity available to maintain these high market cap circulations;
3. The large long positions at Bitcoin 99,000 and Ethereum 3,800.
Originally predicted that $VANA would halve within a week, dropping below 15, but in less than two days, it had already reached 15, which is truly unbelievable.
If you dare to buy it, it dares to crash.
Additionally, I asked people around me, and surprisingly, no one I know is buying or selling $VANA. Despite its 24-hour trading volume being close to 300 million, this situation feels suspiciously fake.
As for shorting, don't hold too much hope. After real operations, you'll find that shorting can also lead to losses. On the contrary, not taking any action might be the most rational and correct choice.
From the perspective of Bitcoin's bull market cycle, this year's trend is very similar to that of 2016, and it is expected to rise for four consecutive months. This means that by the end of this month, Bitcoin is expected to break through $110,000, continuing to set a new historical high.
Dogecoin (DOGE) poised for 3 USD peak, is the climbing path smooth or fraught with thorns?
Dogecoin (DOGE) is currently consolidating around 0.40 USD, but catalysts in the market are continuously accumulating, suggesting that DOGE may soon welcome a new round of upward movement. Despite facing short-term correction risks, the long-term upward trend remains strong, especially driven by key support and catalytic factors. Short-term correction and support levels Since breaking below the short-term upward trend and struggling with the 21-day moving average (DMA), DOGE may face further correction risks in the short term.
DOGE is expected to retest the 50-day moving average (about 0.33 USD), a level that aligns with key support zones from 2021. This could provide a good buying opportunity for investors.
SOL ecosystem: SOL is currently a relatively strong coin, but the exchange rate of SOL against Bitcoin is not performing well. For upstream MEME coins, performance is poor; it is recommended to wait, and holding long-term is not a problem.
Banana Coin (ban): The current price is close to the bottom; it is recommended to wait for a four-hour pattern to consolidate, and the current downside space is limited.
STRK (Strike): According to the cycle judgment, STRK may follow the rise when Ethereum breaks its historical high, similar to Bitcoin's rise when it broke through 74,000.
MEME coin (cost 0.091): Set the stop-loss point at below 0.61; if it does not break, continue to hold.
Recently, the performance of altcoins has indeed been relatively weak, with many projects failing to recover, and the volatility of most mainstream currencies is also low, making trading more challenging.
The market is currently dominated by Bitcoin, which still maintains a high market share, with low liquidity. Only when funds begin to flow out is it possible for Bitcoin's market share to decrease.
Currently, in the meme coin sector, especially strong altcoins like ENA, LINK, and ONDO, a pullback presents a good buying opportunity. Especially projects recently participated in by the Trump family may attract some market attention and capital inflow, which is worth noting.
Bull markets typically last from 6 months to 1 year, while bear markets usually last from 1 to 2 years. A complete bull-bear cycle is about 3 to 4 years.
Seizing every bull market to earn at least over 50% returns is enough to surpass most traditional investments, stocks, and funds. This 50%+ return is almost certain and beyond doubt.
1. Only position during bear markets
The most important thing is to be patient and try to start positioning at the bottom of a bear market (although it is very difficult to accurately buy at the true bottom). A simple criterion for determining the bottom of a bear market is: the market loses interest in Bitcoin, the crypto atmosphere is quiet, and the market is in a period of silence. This phase may last for 1 year or even longer, and buying can be done multiple times at intervals.
2. Mainstream coins
BTC and ETH will always be the leaders in the crypto space, buying during a bear market is definitely a good choice. Although they may not show exponential growth, buying and holding them from a bear market to a bull market can at least yield over 50% gains. For large funds, this is the first choice.
In addition to mainstream coins, consider exchange platform coins (like BNB), strong foundational chains (like SOL, AVAX), excellent infrastructure coins (like MATIC), and coins with strong consensus (like DOGE, SHIB, RATS, PEPE).
Heavy investment strategy
Heavy investments should definitely focus on mainstream coins and absolutely avoid heavy investments in altcoins. The essence of altcoins is “cutting leeks” (making easy money off inexperienced investors), and every bull market sees a surge of altcoins. These altcoins that rise wildly in one bull market may fall into complete silence in the next bull market, or even be replaced by new altcoins.
Without insider information and channels, it is nearly impossible to accurately intervene before an altcoin explodes. Many times we see an altcoin surge and only then realize that such a coin exists; by that time, it is often too late to follow up. Even if luck is on your side, it might rise again, but in most cases, it will see a fluctuating decline.
The volatility of altcoins is too great, making it difficult for ordinary investors to endure. Whether up or down, it is hard to hold on. Typically, investors might make a little profit, but it is also easy to incur significant losses. In the end, when it is all added up, it often results in a loss.
Forms a bullish flag pattern, breaking through the local descending channel is considered the entry standard, breaking through short positions can be traded
I have laid out some $Shred, the current market value is 400k $Griffain, the market value is 270M $DPM, a coin released on Griff, has a market value of 4.5M And $Shred is the only sub-coin released by Griffain I think this market value is very low Waiting for value discovery
Ripple (XRP) Turning Point? Two Mysterious Factors Arrive, Kicking Off the $4 Journey!
Although the recent market crash prompted many investors to exit the XRP market, on-chain data shows that whales seized the opportunity to increase their XRP holdings. Whale accumulation of XRP and the formation of a bull flag are two factors that contributed to XRP's price reaching $4. According to Santiment's data, XRP mega-whales holding between 1 million to 10 million XRP acquired an additional 100 million XRP tokens between December 7 and 10. During this period, XRP's price fell by 27.2%, dropping from $2.61 to $1.90. During XRP's slump, these whales did not reduce their holdings. Instead, with an additional investment of $200 million, their cumulative balance increased from approximately 4.71 billion XRP tokens to about 4.8 billion.
SSV's Prospects SSV is performing well in the staking track, but compared to LDO, it has a relatively small market. Nevertheless, if Ethereum breaks through its historical high, SSV's market cap could reach $1 billion. However, due to increased competition in the staking track (with projects like EIGEN, ETHFI, etc.), expectations may need to be appropriately lowered. Long-term Holding Advice for FTT FTT can be held for the long term, with expectations of new developments next year, and the trend does not have major issues. It can be considered to buy on dips during market adjustments. THE's Performance THE currently does not show a clear bottoming pattern and needs to wait for confirmation of the bottom. It is difficult to provide a clear judgment without bottom support.