If you plan to invest in the cryptocurrency market, please take a few minutes to read my answer word for word, as it may save your life and your family.
Thousands of originally happy families end up broken and ruined due to the pursuit of the unattainable dream of getting rich in the cryptocurrency market.
I believe that if I really want to continue on the path of trading, I must dedicate myself to learning. In addition to understanding the basic knowledge, analyzing news, and also conducting research on technical indicators is essential.
If you do not conduct in-depth research and reasonably plan to manage your finances, your funds will only be exhausted over time. In the end, as a baseless retail investor, you will only joyfully enter the market and leave in disappointment.
There is a reason why some famous technical indicators have been passed down through time. For example, the divergence signals of MACD, the overbought and oversold signals of KDJ, and the support and resistance signals, etc. Although they cannot guarantee profits, they allow you to perform quantitative analysis on a relatively mature model, thus providing investors with a basic direction.
In the cryptocurrency market, to earn 100W from a few thousand U, there is only one way: rolling positions.
Once you have 100W as capital, you will find that your whole life seems different. Even if you do not use leverage, if you hold an asset that rises by 20%, you will have 20W, which is already the income ceiling for the vast majority of people in a year.
Do not always talk about tens of millions or hundreds of millions; start from your actual situation. Bragging only makes the braggers comfortable. Trading requires the ability to identify the size of opportunities.
For example, rolling positions A can only be operated when a big opportunity arises. You cannot roll all the time; it’s okay to miss some because in your lifetime you only need to roll successfully three or four times!
First, we need to know under what circumstances rolling positions are suitable:
Currently, only the following three situations are suitable for rolling positions:
1- Long-term sideways volatility "Choice direction after a new low
2- Buying the dip after a significant drop in a bull market
3- Breaking through major resistance/support levels on the weekly chart
In general, only in the above three situations does the probability of success appear relatively high. All other opportunities should be abandoned.
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