Want to turn a few thousand into tens of millions by speculating in cryptocurrencies? This is not an easy thing. Here are some tips for you. However, you must remember that speculating in cryptocurrencies is extremely risky and you must learn it seriously!

First, when you see that those cryptocurrencies that once performed very well start to fall from high positions and have been falling for 9 consecutive days, you must be very alert at this time and observe and analyze along the trend. Maybe the best opportunity will come quietly.

Second, if a certain coin has risen for two consecutive days, don't be dazzled by the temporary rise. At this time, the wise thing to do is to reduce the position appropriately. After all, in speculating in cryptocurrencies, steady investment is the long-term plan.

Third, there is such a rule that everyone should know that if a coin suddenly rises by more than 7% on a certain day, it is likely to continue to rise the next day. In this case, you can wait and see without rushing to sell it.

Fourth, for those "big bull coins" that are recognized to have great potential, don't be impatient to buy all of them at once. It's not too late to wait for it to pull back and stabilize before buying.

Fifth, if a coin has been like a stagnant pool of water for several days, with little fluctuation, you might as well wait patiently for three more days to see the situation. If there is still no movement, then you should decisively switch to other coins to pay attention to. There is no need to spend too much energy on it.

Sixth, if the coin you just bought today cannot even make back yesterday's cost tomorrow, then don't hesitate, evacuate quickly, and don't fight to avoid causing greater losses.

In addition, there is a practical formula for speculating in coins, called "If there are three on the list of increases, there must be five, and if there are five, there must be seven." This means that for coins that have risen for two consecutive days, we can find a relatively low point to buy. Usually, the fifth day is often a more suitable selling point. Everyone must seize such opportunities firmly.

Finally, you must follow the trend when trading cryptocurrencies. Only the ones that are on an upward trend are worth your time and attention. From the perspective of different investment cycles, you can focus on the 3-day line for short-term trading, the 30-day line for medium-term trading, and the 120-day line for long-term trading. If these lines turn upward, it is an obvious signal of an increase.

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