Currently, I believe the overall market is approaching a phase bottom, especially with the widespread collapse of many altcoins, many cryptocurrencies have halved, and retail investor sentiment is generally in panic. In my view, this round of decline is caused by human factors, aimed at suppressing the spot market. Notably, a day before Powell's speech, the market already showed a downward trend, with daily top divergence, weekly TD13 signals, and the entry of large short positions (which have all been closed now) making me feel that all of this is not a coincidence. I hope everyone can control their emotions right now, rather than asking bloggers about the trend of a certain coin everywhere. Don't easily waver your judgment just because someone casually says they are not optimistic about what you hold; this will only increase unnecessary anxiety. If you are trading spot without faith (in a coin you believe in), then you really are not suitable to continue participating in this market; you will eventually sell at a loss. If you are a contract trader and believe the bull market is not over, then you should remain patient now and not rush to enter the market. The market may continue to rise, and if you are shorting just for the sake of a small profit, that is irrational. Even if you happen to make a little profit, it is just luck; you may still get stuck in the future because you haven't fully considered the risks. If you believe the bull market has arrived, then I can only wish you good luck. After all, in a bull market, the typical rotation of funds is: Bitcoin > Ethereum > altcoins. Currently, funds are flowing into Ethereum; you can check the inflow of Ethereum funds on Coinbase. (The bears may have a different opinion, but I hope you will allow me to express my view.) For contract traders, I want to emphasize: always set a stop loss when entering the market, and never blindly hold onto losing positions. Every day, many people can be seen holding onto losing positions and asking everywhere if they can break even. Our goal is to earn stable returns through reasonable risk control, not to blindly hold onto large positions and then be unable to take profits when the market reverses. (A common problem for most people: they can hold onto losses, but when making money, they can't hold on.)
In the crypto world, 3000 is about 400u! Optimal strategy recommendation: Contracts Every time use 100u, gamble on hot coins, do a good job of taking profit and stopping loss 100 turns into 200, 200 turns into 400, 400 turns into 800. Remember a maximum of three times! Because the crypto world requires a bit of luck, every time you go all-in like this, it’s easy to make money 9 times and lose once! If 100 passes three levels, then the principal becomes 1100u! At this time, it is recommended to use a triple strategy to play Trade two types of orders in one day, ultra-short orders and strategy orders, and if the opportunity arises, then enter trend orders Ultra-short orders are used for quick strikes, doing 15-minute level trades
Dogecoin Price Prediction 2024 – 2030: Will DOGE reach $1?
Dogecoin is one of the best-performing memes and is currently making a strong comeback. In the broader market recovery, the coin has soared to key Psychological level of $0.30. With Bitcoin expected to break the $82,000 mark this week, Dogecoin is likely to soar further. As the broader market fluctuates, potential dynamics are changing, and investors begin to wonder, "Will Dogecoin reach $1?" to "How high will Dogecoin go?" Do you have the same questions? Don't worry. Coinpedia's predictions for Dogecoin prices from 2024 to 2030 will alleviate all these concerns; please check this well-researched and detailed Dogecoin price prediction to understand future trends
The Relationship Between Technical Analysis and Gambling
When it comes to trading, people often compare trading to gambling. Some believe that whether engaging in stock trading or gambling, there is a certain level of randomness and uncertainty involved, thus they share similarities. First, let's clarify the difference between gambling and trading. In gambling, the outcomes are entirely determined by luck; you cannot control the results. There are no technical or strategic means to influence the outcomes. However, in trading, despite the risks, you can develop strategies through technical analysis and use probability to assess risks and rewards.
Recently, the cryptocurrency market seems to be on a roller coaster, with altcoin prices plunging and causing a market uproar. The turmoil in this market is due to the intertwined influence of multiple factors. Macroeconomic uncertainty, tightening regulatory policies, and fluctuations in investor sentiment have together woven a complex market picture.
Globally, governments are increasingly strengthening their supervision of cryptocurrencies. In particular, the strict investigation of Ripple by the U.S. Securities and Exchange Commission has not only put Ripple in deep trouble, but also cast a shadow on the entire cryptocurrency market. The tightening of supervision has undoubtedly exacerbated the panic in the market, making investors more cautious and even choosing to temporarily leave the market and wait and see.
Someone asked, are there three dishes and one soup? Will it eat Dogecoin when it comes out? I mean, empty the pool. Spot coin friends who have made profits should reduce their positions and switch to contracts Now is a good time to play contracts, and we are now fully deploying all currencies
Does PENGU coin still have prospects as the official token of the Pudgy Penguins NFT series?
Pudgy Penguins is a popular NFT project that has quickly emerged in the NFT market with its unique art style and cute penguin image since its launch in 2021. The project has strong community support, and community members actively participate in project activities, providing strong guarantees for the long-term development of the project.
PENGU will be launched on the Solana blockchain at the end of 2024, with a total supply of 88,888,888,888. This large supply may put some pressure on price performance, but it also provides sufficient liquidity for the long-term development of the project.
In the current market environment, we must not compare today's situation with the brilliant bull markets of 2017 and 2021. Although we keenly captured the budding trends of altcoins as early as the beginning of August, those brief bursts were as dazzling and fleeting as the Tyndall effect. The large-scale influx of capital has not yet materialized, and the participation of retail investors seems relatively lukewarm, leading to a long and complicated process of consolidation. During this period, the narratives of older coins still dominate the market, with familiar faces making frequent appearances. However, it is important to note that the bull market cycle has not been interrupted; rather, the consolidation is giving rise to new opportunities. Yet, the duration of these opportunities is difficult to predict. For altcoins that have already surged significantly, blindly chasing highs is not a wise move, and there is no need to lament missed opportunities. True opportunities often lie hidden among new coins that have undergone FUD (Fear, Uncertainty, and Doubt) consolidation. Once they successfully navigate this storm, showing a solid bottom on the daily chart and after a period of sideways consolidation, they deserve our careful consideration and timely intervention. Particularly, new coins related to L1 layers, public chains, RWA (Rights and Assets in Decentralized Finance), and AI (Artificial Intelligence) should be our key focus, as they hold the potential for doubling or even greater growth.
The importance of position management Many people are looking for the secret to making profits in the market, thinking that they can win stably in the long term by accurately judging the market direction. In fact, the most important thing to make stable profits in the market is money management. Warren Buffett believes that safety is the first principle of investment: "The first rule is to preserve the principal, the second rule is to preserve the principal, and the third rule is to remember the first two. George Soros said: I want to survive rather than take devastating risks. If we don't know how to stop the losses, our door will be destroyed.
Trading is like running a business; capital management is a crucial factor that can determine survival.
Stability should be your primary consideration. Traditionally, capital management includes issues like the profit-loss ratio of each trade, the overall risk of trading, and the issues of increasing positions and exiting during the trading process. We can summarize it into several points: 1. Portfolio: Investment direction 2. Position size: How much to invest 3. Timing: When to enter and exit. Trading is like running a business; capital management is a crucial factor that can determine survival. Stability should be your primary consideration. Traditionally, capital management includes issues like the profit-loss ratio of each trade, the overall risk of trading, and the issues of increasing positions and exiting during the trading process. We can summarize it into several points:
Will you come back to the human world in your next life?
One year in the cryptocurrency world is like ten years in the real world
“One day in the cryptocurrency world is equivalent to ten years in the human world” has a literal meaning. Old insiders are familiar with this saying, but outsiders and new friends may not feel it deeply. “One day in the cryptocurrency world is equivalent to ten years in the human world” is a metaphor used to describe the rapid changes in the cryptocurrency market. One day in the cryptocurrency world is equivalent to ten years in the human world. For those who do not feel this saying deeply, it is a good opportunity to watch TRB last night and feel the rapid changes in the cryptocurrency market in a short period of time. In the cryptocurrency world, sometimes one day's effort is better than ten years of traditional struggle; yesterday, a player made 30 million in the cryptocurrency world. He couldn't understand the saying that one day in the cryptocurrency world is equivalent to ten years in the real world, so he naturally felt confused and questioned.
Musk posted two interesting pictures on social media.
One picture shows a dog running in the city, the other shows it riding a pony.
The release of these two images triggered a surge in the MEME sector, with Babydog's daily increase reaching 90%, Doge also saw a slight rise, while PEPE set a historical high at night.
The entire market experienced a small climax, this is the power of Musk.
Let’s look at some certain positive events for the crypto world in the future:
1- A large amount of funds may enter the market in January, FTX payouts; in December, 98% of retail investors were compensated, totaling $1.1 billion, and it is expected that a large payout in the first quarter will total $13.4 to $15.2 billion, with a high likelihood of compensation in USDC, which is equivalent to over 100,000 bitcoins in support, even if only a small portion of funds flow into the market, it still represents a huge buying power.
A trading system only requires repeated learning to ensure profitability
Position management is very simple. You don't need to think too complicated; executing it won't disappoint you.
I often share some technical insights online, and long-time fans say: Mr. An, someone commented wanting you to share a trading system that can be used directly, as they feel overwhelmed by learning indicators with no results. I am quite stubborn!!! Whatever others tell me to do, I just do it ^_^... So today I will share a simple and practical trading system that can be directly used. The article is relatively long
Discussing a trading method for spot trading that can be held for the long term.
The method is very simple, and some beginners can easily understand it. I have also been using it for a long time.
You only need one indicator: moving averages MA21, MA55, MA144.
Look at the chart below; this is an Ethereum four-hour chart.
Entry point: Personally, I would enter at the first arrow of the first circle because of a very good formation (this position already involves some techniques). The second arrow of the first circle forms a golden cross, which is the best entry point for everyone. Some might say, doesn't that mean missing out on a significant profit? But think about it from another perspective; if you had this technique, would you still be reading this article at this point? Heed advice and eat your fill. Of course, a more aggressive approach would be to enter at the next bullish signal, but if luck is not on your side, you may end up trapped. The reason: entering without any technical skill is like putting your money into the pockets of the market makers. If you entered here, asking me how to profitably exit, wait until the moving average 21 crosses 55 to exit.
Why the Risk-Reward Ratio is Important in Trading Contracts
First, position management. This is of utmost importance! If you have not realized the importance of position management, it means you are still in the beginner stage. You are still a complete novice! I have talked about position management in my previous articles, how I manage it. If you're interested, you can take another look. Of course, I just briefly mentioned it there and provided what I think is the simplest, most effective, and easy-to-learn method! It can be said that position management determines how long you can survive in the crypto world in the future.
Here I will briefly say again, before you open a contract, you must have already thought about where to place your stop loss, right? (Don't tell me you haven't even thought about where to put your stop loss before opening a contract.) The size of the position depends on where you place your stop loss. Think about it: if this trade hits the stop loss, can you psychologically bear the loss? If you can’t bear it, it means your position is too large and should be reduced! If you can bear it, it means your position is just right! This is particularly easy to calculate; just calculate it directly. Don't use a percentage of the position; that's really hard to calculate. It takes time, and often, taking a position at a good point is just a matter of that moment!
First of all, you need to understand the trading system
As speculators in the cryptocurrency circle, most of them come to this market with the purpose of getting rich quickly. However, those who can really make stable profits in this market often have their own trading systems. The reason why a trading system is called a trading system is that it is a complete trading solution. A well-designed trading system must make corresponding clear provisions for each relevant link of investment decision-making. Such provisions must be objective and unique, and no different interpretations are allowed. It must conform to the user's psychology, the status of the investment target, and the risk management requirements of funds.
In the current cryptocurrency world, do you think it is better to do contracts or spot transactions?
In the current cryptocurrency world, whether it is better to do contracts or spot trading depends on your capital If you have little capital, you can only do contracts to gamble and quickly accumulate large funds. If you have a lot of capital, you can manage your positions: 80% for spot trading and 20% for contracts!
In the cryptocurrency world, if you want to truly achieve wealth freedom and compound interest, methods and techniques as well as forming your own profit system are crucial! Once you learn how to use it, the circle will be like your "cash machine", making money is as easy as breathing!
This article is mainly for newcomers who have just joined the Coin Country, and old players can ignore it. The difference between spot and contract
The year 2025 is about to begin; how to make a million in the cryptocurrency market.
Short-term contract trading in the cryptocurrency circle + a very practical trick, and the 'quick knife to cut through the chaos' in the circle. In the rapidly changing world of digital currencies, short-term contract trading is undoubtedly a financial game of swords and knives. Players from all sides quickly grasp the market pulse, striving to achieve wealth appreciation in a short time. However, how can one maneuver effortlessly amidst complex technical indicators, massive information, and volatile markets to become a consistent winner on the battlefield of short-term contracts in the cryptocurrency circle? Clear skies reveal the most practical trick—'quick knife to cut through the chaos'—to help you find a glimmer of hope amidst the chaos.