In the cryptocurrency market, a field full of opportunities and risks, if you want to walk steadily on the investment path and achieve ideal results, you need to deeply understand various investment strategies and techniques. Here are some experiences and key points summarized during the Bitcoin investment process, hoping to help those preparing to enter.
Friends in the cryptocurrency community provide references.
1: When preparing to enter the cryptocurrency market for investment, one must first be fully prepared. It's better to enter with a small initial amount than to blindly rush in. Act cautiously, and fully assess risks and your own capacity.
2: When the coin price is in a low horizontal state and then creates a new low, this is an excellent time to buy in large quantities. At this point, the market may have hit the bottom, and a significant rebound is expected.
3: When the coin price surges, one should timely sell their chips; when the coin price plunges, one should decisively enter the market. During the consolidation phase, try to avoid trading because the direction is unclear and the risks are high.
4: If the coin price remains in a horizontal state, this often means it may be replacing a decline with consolidation. At this time, hold tightly to your coins, as a rally could occur at any moment.
5: When the coin price experiences a rapid surge, always be ready to sell because such rapid increases are often accompanied by sudden drops.
6: When the coin price is slowly declining, it is a good time to gradually add to your position, which can lower the average cost.
7: In the face of high and low consolidation, first maintain patience and wait, as this is one of the secrets of trading. Do not rush to act to avoid unnecessary losses.
8: When the coin price consolidates at a high level and then surges, seize this opportunity to sell quickly and secure your profits. Conversely, when the coin price consolidates at a low level and then creates a new low, one should buy in fully; this is a rare good opportunity.
9: Do not sell when the coin price does not surge; do not buy when the coin price does not plunge. During consolidation, do not trade. Following such principles can avoid many unnecessary risks.
10: Choose bearish candles when buying, and not bullish candles; choose bullish candles when selling, and not bearish candles. Acting against the conventional market thinking makes one a true investment hero. If the coin price surges greatly in the morning, one should sell; if it surges in the afternoon, do not blindly chase after it; if it drops in the afternoon, consider buying the next day; if it drops in the morning, do not rush to cut losses. In cryptocurrency investment, maintaining calm and rationality, and following these principles and strategies, helps better cope with market changes and achieve investment goals.
