The cryptocurrency market used to be a confrontation between the East and the West. In the past, there would be market movements both during the day and at night, with most activities occurring during Western hours, specifically between 21:30 and 7:30 Beijing time.
Major rises typically happen in the early morning.
1. If there is a continuous drop during the day in China, you must buy the dip; at night, foreigners will push the market up.
2. If there is a significant rise during the day, do not chase the high; it will likely drop back at night.
3. The key signal for buying and selling is the spike; the deeper the spike, the stronger the buy and sell signals.
5. Major meetings or positive news will usually lead to a rise, but once it happens, the price will likely drop.
6. In group discussions, if someone promotes a coin enthusiastically, you might get excited, but there’s a high chance of being trapped; the reverse operation is advisable. If a coin is hot, very hot, you can short it immediately.
8. If a group member recommends something and you feel uninterested, it’s likely to take off; when in doubt, it might be worth trying a little.
9. When you are heavily holding a position, you are bound to get liquidated. Why? You will be on the exchange's watch list for liquidations.
10. After your short position hits the stop-loss, it will definitely drop; if it doesn't trick you out or get liquidated, how could it fall? For example, TRB.
11. When you're about to break even, just a little more, and the rebound suddenly stops, how could they let you cash out and escape?
12. When you take profits, it’s like a ride, and if you don't get off, how can they pull the market up? The vehicle is too heavy.
13. When you are excited, the waterfall will arrive as expected; your excitement is also a bait from the market makers.
14. When you are broke, every project seems to be rising, making you FOMO, and you rush to enter.
So you understand, the market is manipulated with over 80% probability; besides controlling your position, you must be proactive, firmly avoiding entering the market before understanding the market makers' actions. Once you enter, the exchange is the butcher, and you are the meat.