In the past, the cryptocurrency market was a confrontation between the East and West. There used to be market activity both during the day and at night, with most of it occurring during Western hours, specifically between 21:30 and 7:30 Beijing time.
Major surges typically happen in the early morning.
1. If there is a continuous drop during the day in China, you must buy the dip; at 21:30, foreigners will pump the market.
2. If there is a significant rise during the day, do not chase the price; it will likely drop back at night.
3. The key signal for buying and selling is the 'pin bar'; the deeper the pin, the stronger the buy or sell signal.
5. Major conferences or favorable news will usually lead to a price increase, but once it lands, the price will drop.
6. In group discussions, if someone in the community promotes a coin enthusiastically, be cautious; you are likely to get tricked and should consider taking the opposite position. If a coin is hot, very hot, you can short it immediately.
8. If a group member recommends something that doesn’t interest you, there’s a high probability it will take off. When in doubt, it’s worth trying a little.
9. If you hold a large position, you will definitely face liquidation; why? You are on the exchange’s key liquidation watchlist.
10. After you complete your stop-loss on a short position, it will definitely drop; if they don’t trick you out or force you to get liquidated, how would it drop? For example, TRB.
11. Just when you are about to break even, and it’s almost there, the rebound suddenly stops; how could they let you cash out and escape?
12. When you take profits, it will rally; if you don’t exit, how can they pump the price? The vehicle is too heavy.