Ten essentials of cryptocurrency trading
1. Don’t be greedy or impatient: What the cryptocurrency circle needs is rationality and patience. Greed will only make you impulsive and miss good opportunities.
2. Understand the market structure: Don’t just rely on “dealers to protect the market”. The market is affected by many factors, including the global economy, policy changes, technological innovation, etc. Don’t pin your hopes on a single concept.
3. The main force also has difficulties: Understand the difficulty and strategy of the main force’s operation, but don’t be led by it. The market is very complex, and the intentions of the main force are not always so obvious or smooth.
4. Pay attention to the bottom volume: The bottom volume may be a signal for funds to enter the market, but don’t believe it blindly. You must also consider other factors to avoid false breakthroughs
5. Be patient in dealing with wash-outs: Wash-outs are common operations, the purpose of which is to clean up undetermined investors. Stay calm and wait patiently for the market trend to be clear before taking action.
6. Mid-term strategy and position management: Focus on holding the currencies you are optimistic about, but maintain a certain liquidity, and optimize costs and benefits through rolling operations.
7. Short-term operation skills: Short-term trading requires a keen sense of the market and quick decision-making. K-line charts, market sentiment, heat and rising speed are all important. 8. The safety of bottom-building buying: The currency in the bottom-building stage is relatively safe, but confirming the bottoming requires time and more signal support, and you can't rush for success. .
9. Be cautious when chasing up: Chasing up may bring quick returns, but the risks are equally high. It is necessary to accurately judge the sustainability of the upward trend and avoid taking over at high levels.
10. Application of technical indicators: The divergence phenomenon is one of the keys to technical analysis and can help predict market reversal points. But it is necessary to combine other analysis methods and actual conditions to avoid single-judgment
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