In cryptocurrency trading, the only way to steadily make big money is to chase the rise.
If someone is exposed to Livermore's trading mindset in the early stages of cryptocurrency trading,
The saying that beginners die from chasing highs,
may be exactly the opposite for you,
It is precisely because of chasing highs,
All the way, you will not experience significant losses.
After the initial contact with Livermore,
I initially chased mainstream coins that were hitting historical highs,
Then control the losses to 10%,
So, all the way down, there was just not much profit,
but with very few losses,
and will always end up chasing some,
huge rising coins.
Chasing the rise is always correct, but you must set stop losses. Buying some popular coins that break new highs is not a problem at all, like the current round of market with $sol, $avax, $ordi, $pepe, etc., continuously breaking, breaking and breaking again. When more people buy, it rises; this is when you should enter the market. Retail investors always feel that 'it has risen so much, it must fall now,' portraying themselves as stock gods. The biggest fear in trading coins is subjectivity and being too diligent. Yes, you read that right! Only lazy people can make money.
In cryptocurrency trading, those who can truly make big money are definitely not the ones who buy low and sell high, but those who buy at high prices and sell at even higher prices, the so-called controlling players or institutions, these are the real strong who remain strong. However, it requires enough capital or influence to impact the entire market because only a market with space can completely wash away floating chips. The pattern of 'bullish engulfing' is a typical confirmation signal of strong remaining strong. If you still cannot identify truly strong coins, take this pattern seriously until you can comprehend it thoroughly.
The first thing to confirm about the 'bullish engulfing' pattern is the trend; it must be established as a bullish upward trend. In the middle of this trend, there appears a bullish engulfing pattern confirming an adjustment, but at this stage, the entire bullish trend has not been affected.
In the current fluctuating market changes, blindly going solo will never bring opportunities. Follow Emperor Ge, spot trading, timing layouts, strategies, Wu Chang published,
