Four Essential Skills for Trading in the Cryptocurrency Market: A Must-Read for Those Looking to Earn 10 Million!

Everyone knows that technical analysis includes both fundamental and technical aspects, where the technical aspect refers to the technical indicators, trend patterns, and candlestick combinations that reflect changes in the market. The techniques discussed below are related to the technical aspect.

1. The Secret of Pursuing Strong Coins

This is a method highly sought after by most retail investors and new entrants, with three common approaches: chasing coins with strong backgrounds that have skyrocketed, buying large orders in a strong market at the end, and focusing on strong coins that have consistently increased in trading volume at low levels.

2. The Secret of Rebounding from Oversold Levels

This is an operational method favored by some investors, mainly selecting coins that have continuously declined, or those that have dropped 50% and have already formed a bottoming platform, and then start to strengthen after further decline.

3. The Secret of Technical Indicators

Some smaller investors who are obsessed with technicals prefer this method, with three commonly used technical indicators: the pyramid line for strong bullish coins, the psychological line for weak market coins (for oversold coins), and the dual MACD that considers both market coins with trading volume.

4. The Secret of Classic Patterns

This is a common method used by large holders in conjunction with fundamentals and thematic aspects, with the most commonly used classic patterns being: low-level coins with secondary increased trading volume, initial bullish coins supported by the 30-day moving average, strong coins that break through bottom box patterns, and coins that synchronize with or lag behind the overall market patterns. All these are based on sufficient trading volume in the overall market.

With these four essential skills in mind, one should strengthen their learning and use these four points as entry points. Through personal practice, one can refresh their understanding of technical skills.

More importantly, through this series of methods and techniques, continuous learning and summarizing can help one carve out their own investment path.

Any investment technique and technical analysis ultimately rely on the subjective decision-making power of the investor, and the resulting investment outcomes are also dependent on the investor themselves.

A successful investor should be resilient and calm amidst the waves. When opportunities arise, they should decisively act quickly, and when profits are in hand, they should exit decisively. Like a wolf, strike decisively and seize the prey. #比特币盘整分析