5 laws for trading in the cryptocurrency circle!
1. If the price rises quickly but falls slowly, it means that the dealer is accumulating chips and preparing for the next round of rise.
2. If the price falls quickly but rises slowly, it means that the dealer is gradually selling.
If the price falls quickly but rises slowly, it means that the dealer is gradually selling and the market is about to enter a falling cycle.
3. Don't sell when the volume at the top is large, and run away when there is no volume at the top.
If the volume at the top is large, it may continue to rise; but if the volume at the top shrinks, it means that the momentum of the rise is insufficient, so leave the market as soon as possible.
4. Don't buy when the volume at the bottom is large, but you can buy when the volume continues to increase.
The volume at the bottom may be a relay of decline, which needs to be observed; if the volume continues to increase, it means that funds are constantly entering, so you can consider buying.
5. Speculating on cryptocurrencies is all about emotions, and consensus is trading volume
Market sentiment determines the fluctuation of coin prices, and trading volume reflects market consensus and investor behavior
At this stage of the market, if you cut your losses, you will be a little unwilling. If you hold on, you will be worried that it will continue to fall. If you buy at the bottom, you will be afraid of buying halfway up the mountain. If you don’t buy at the bottom, you will be afraid of missing the opportunity to get on the train. Most of the time, you are either annoyed or blaming yourself. This kind of life is not easy. If you are in this state now, please like and follow the avatar to join the team! I believe that our meeting can help you reduce the torture I have experienced!
