5 Laws of Speculating in the Cryptocurrency Circle
1. Rapid rise and slow fall means accumulating chips. Rapid rise but slow fall means that the dealer is accumulating chips and preparing for the next round of rise.
2. Rapid fall and slow rise means selling. Rapid fall but slow rise means that the dealer is gradually selling and the market is about to enter a falling cycle.
3. Don’t sell at the top if there is a large volume, and run away if there is no volume at the top. If the top volume is large, it may continue to rise; but if the top volume shrinks, it means that the upward momentum is insufficient, and leave the market as soon as possible.
4. Don’t buy at the bottom if the volume is 8, but you can buy if 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, and you can consider buying.
5. Speculating in cryptocurrencies is speculating in emotions, and consensus is trading volume. Market sentiment determines the fluctuation of currency prices, and trading volume reflects market consensus and investor behavior!
In fact, everyone understands many things. If you can’t control your hands and your mentality, you will eventually be hurt! Risk aversion is a science! Listen to others' advice and have a full meal!
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