This is my summary of some tips for entering trades in cryptocurrency. Beginners, don't miss out!
1. Pullback and rebound strategy: After a significant rise or fall in the market, there will often be a brief pullback or rebound. Seizing such opportunities is a simple and effective way to achieve stable profits. The main indicators used are candlestick patterns, requiring a very good market feel to accurately judge the high or low points of the phase.
2. Time period strategy: Generally, during the morning and afternoon sessions, the market fluctuates less, making it easier to grasp and suitable for investors with a gentle temperament. The downside is that the time to profit from orders is extended, requiring sufficient patience. In the evening and early morning sessions, fluctuations are intense, allowing for quick profits and multiple trading opportunities. This suits aggressive investors, but the downside is that the market is harder to grasp, making errors more likely, and requires a high level of technical skill and judgment.
3. Oscillation strategy: The market is mostly in an oscillating pattern. During oscillation, buying low and selling high within the range is a fundamental method for stable profits. The indicators used are BOLL and box theory. The premise for success is to accurately identify resistance and support based on various technical indicators and patterns. The principle of the oscillation trading method is short-term buying and selling without greed.
4. Resistance and support strategy: When the market encounters significant resistance or support, it often gets blocked or supported. Entering trades at these points is a commonly used method and a general way to achieve stable profits. The indicators used include trend lines, moving averages, Bollinger Bands, and parabolic indicators, requiring very accurate judgment of resistance and support.
5. Trend reversal breakthrough strategy: After a long period of consolidation, the market will eventually choose a direction. Entering trades after the market has selected its direction is a fast way to achieve stable profits. It requires good judgment of trend changes and a stable mindset, avoiding greed and fear.
6. Unilateral trend strategy: After breaking out of market consolidation, the market will choose a direction. Once a unilateral trend forms, trading in the direction of the trend is an unchanging truth. Each pullback or rebound presents an opportunity to enter trades, ensuring stable profits! The technical indicators used are: candlesticks, moving averages, BOLL, and trend lines, requiring proficiency in these indicators.