If we analyze from past experience, there will be signs of a bull market coming, it depends on whether you can recognize them.
Here are some signs before the bull market comes.
1. The market will be unusually active
Various favorable news continued to emerge and the market began to rise from time to time
2. Well-known bigwigs in the industry began to show up
3. Use black technology to attract newcomers
This round of bull market is not like the previous one. Instead, it is more like the one in 2016. It was still in a wash in September, but then it soared to the sky and rose to 2017.
It turned into a bull market in 2017, which means that the adjustment is almost over and the big surge will start soon, so you can see the trend in the second half of 2024.
When it turned into a mad cow, were you still in the car?
Days after the first halving, the bull market started
After the second halving, the bull market will start
After the third halving, the bull market will begin
After the fourth halving:?
After the first halving, Bitcoin doubled;
The second halving increased by 100 times;
The third time it was halved, it was doubled again;
Fourth time:?
This round of bull market is far from over. It is only 111 days after the#BTChalving, so it is still early. About a year after the interest rate cut + more than 500 days after the BTC halving will be the peak of this round of bull market! Wukong went through 81 difficulties on his journey to the West, and finally got the true scriptures! If we want to really make a lot of money in the currency country, we will definitely experience a lot of pitfalls, and finally we can make the real money we want! So how can we seize this bull market again! In the bull market!
Du Ge wrote an article about the mentality of cryptocurrency trading. Regardless of the bull market or the bear market, I hope to be a beacon on your cryptocurrency trading journey in 2024, and you will never lose your way! Let's first summarize the reasons for losing money. Only by knowing why you lose money can you know where you can make money.
1. No stop loss, short-term becomes medium-term, medium-term becomes long-term: As an investment practitioner for many years, we are often asked "What is the most common mistake investors make in the investment market?" My answer is that there is no immediate and rapid stop loss. Due to its leverage effect, both profits and losses of long-short two-way investment are magnified. The consequences of not stopping losses in time are often extremely serious. The same is true for the cryptocurrency market. We all know that our most valuable asset in the cryptocurrency market is our investment capital. Capital is like our ammunition on the battlefield. Without ammunition, we are doomed to fail. We must always pay attention to protecting our capital and not let losses expand indefinitely. Many people hope, pray, and dream of finding a perfect trading method that can make a complete profit without stop loss. In a word, this perfect way of making money is impossible in any field. A successful trading method is like a successful life. It is not obtained by avoiding losses, but by controlling the quality of losses. Switching time frames is also a common mistake made by leeks in the cryptocurrency market. The so-called switching time frame is also a disguised form of not stopping losses and not admitting mistakes. It happens like this: a trader buys a contract with the intention of getting a good short-term profit, but the market trend does not produce the effect he wants. Instead of selling in the time frame specified by the short-term, the investor decides to hold the contract and change it to a medium-term or long-term investment. This is just an excuse not to stop loss. This method of switching time frames will inevitably cause disasters, and stop loss is the only way we can avoid disasters.
2. Not paying attention to fund management and not controlling positions: We use our hard-earned money to participate in cryptocurrency speculation, which is essentially no different from investing in a convenience store near your home. If the owner of a convenience store comes to you to invest some money in his store, how would you consider whether to invest or not? How much should you invest? Will you make a decision on a whim like you do when speculating in the market? The so-called fund management is to solve the problem of whether to invest and how much to invest. The suggestion for novices to participate is to divide the funds into 6 parts, and invest only one part each time. As your experience gradually increases and the investment accuracy continues to improve, you can slowly increase your position, but at any time, the position of a variety cannot exceed 50% of the total funds. Otherwise, once a mistake is made, it will be very difficult to turn over. To give a simple example, if you have 100,000 yuan, you will only have 50,000 yuan left after losing 50% at one time, and to earn 100,000 yuan back from 50,000 yuan, you have to earn 100% to achieve it. Anyone with a basic understanding of mathematics knows that 100% is longer than 50%.
This is a summary of my personal experience. It doesn’t contain much content, but it’s very valuable. If you think it doesn’t make sense after reading it, you can say whatever you want to me!
1. Divide your funds into 5 parts, and only invest one-fifth each time! Control the stop loss of 10 points. If you make a mistake once, you will only lose 2% of the total funds. If you make a mistake 5 times, you will lose 10% of the total funds. If you are right, set a stop profit of more than 10 points. Do you think you will still be trapped?
2. How to improve the winning rate again? In simple terms, it can be summed up in two words: follow the trend! Every rebound in the downward trend is a lure to buy more, and every decline in the upward trend creates a golden pit! Do you think it is easier to make money by buying at the bottom or buying at a low price?
3. Don’t touch coins that have experienced a rapid rise in the short term. Whether they are mainstream or copycat, there are very few coins that can go through several waves of main rise.
The logic is that it is difficult for the market to continue to rise after a short-term surge. When the market is stagnant at a high level, it will naturally fall if it cannot be pulled up in the later stage. This is a very simple truth, but many people still want to take a gamble.
4. MACD can be used to determine the entry and exit points. If the DIF line and DEA form a golden cross below the 0 axis and break through the 0 axis, it is a steady entry signal. When MACD forms a dead cross above the 0 axis and moves downward, it can be regarded as a signal to reduce positions.
5. I don’t know who invented the term “covering a position”, but it has caused many retail investors to suffer huge losses! Many people have to cover their positions as they lose more.
The more you lose, the more you will lose. This is the most taboo in speculation, which is to put yourself in danger. Remember never to cover your position when you are losing money, but to increase your position when you are making a profit.
6. Volume and price indicators bear the brunt, and trading volume is the soul of the currency circle. If the price breaks through with large volume at the low level of consolidation, you should pay attention to it, and if the price stagnates with large volume at the high level, you should exit decisively.
7. Only trade currencies with an upward trend, which will give you the best chance of winning and save you time. If the 3-day line turns upward, it means a short-term rise; if the 30-day line turns upward, it means a medium-term rise; if the 84-day line turns upward, it means a major uptrend; if the 120-day moving average turns upward, it means a long-term rise!
8. Adhere to weekly review to check whether the logic of holding coins has changed, whether the weekly K-line trend is consistent with the judgment from a technical point of view, whether the direction has changed, and adjust the trading strategy in time!
I am planning to ambush a project that will skyrocket in the short term. It will be no problem for it to double in price. Friends who are interested in spot products but have no direction can like and leave a message and I will share it for free.
