#比特币市场波动观察
After ten years of working in the cryptocurrency industry, I used to be afraid of Bitcoin and tried to avoid it. However, after going through countless trials and tribulations, I can now support my family by trading in cryptocurrencies. The ups and downs along the way are too much to be told to outsiders. I would like to share the six valuable experiences I have gained along the way. If they can help people avoid hidden dangers and take fewer detours, it will be worth the ten years of hard work.
1. Go with the trend and boldly increase your position
When market sentiment is high and trading is hot, it is often the signal light that the price of the currency starts its upward journey. At this time, do not hesitate, and decisively adopt the strategy of "first in, last out, more in, less out". In simple terms, it is to seize the opportunity to enter the market first, and as the price rises, gradually realize a small part of the profit, while retaining most of the position, so that the profit will run wild like a wild horse. This is like surfing. You can only go higher and farther by following the momentum of the wave. You must not go against the trend and go against the general trend.
2. Lock in the support level before entering the market and stick to the discipline
.The support level is the key line of defense in the cryptocurrency battlefield. Before entering the market, you must accurately locate it according to your own trading model. If you are keen on short-term fighting, the 10-day moving average is an important reference that cannot be ignored. Once the price of the currency falls below this line and fails to recover the lost ground the next day, this is an alarm of danger. You must close your position without hesitation and leave the market. You must not take chances. You must know that discipline is the guarantee of survival in the market. If you take a wrong step, you may lose everything.
3. Capture low-volume stagflation and enter the market accurately
When the price of a currency is at a relatively low level and there is a strange phenomenon of stagnation in volume, don't think that the market is weak. In fact, this may be a secret signal that the main force is quietly entering the market. If it can fall back without breaking the previous platform support, it will be like hearing the charge horn, which is a perfect time to enter the market. This process is like a hunter lurking in the jungle for a long time, and finally waits for the prey to show a flaw, and then decisively attacks, so as to hit it with one shot.
4. Don’t panic if you are trapped, and respond flexibly
It is inevitable to be trapped in the cryptocurrency market. But the more you are trapped, the more you should stay calm and forget about your holding costs. When the market shows signs of rebound, don't be greedy, but be bold to lock in your profits and lock up some funds. Wait until the price falls back to a suitable point, and then wait for an opportunity to take it back. If you are obsessed with rebounding and recovering your investment, you may miss the opportunity and watch your losses further expand, and fall into a situation of no return.
5. Focus on strong currencies and manage the market-washing storm
The strong will always be strong, and this is also true in the cryptocurrency circle. Those currencies that can easily soar by more than 30% are undoubtedly the trendsetters in the market. Although their wash-out actions are often extremely sharp, as long as the callback range is controlled within 30%, there is no need to be afraid. This is precisely a good opportunity to enter the market again. Because this shows that the main funds are still attached, and there is a high probability that there will be exciting market trends in the future. As long as you hold on to the "thighs", you can get a share of the pie.
6. Stick to your original intention and don’t blindly chase the rise
Cryptocurrency trading is like sailing. If you don't have a firm direction, you can easily get lost in the vast sea of cryptocurrencies. As long as the key support level of the target you are optimistic about at the beginning remains intact, you must keep calm and hold on patiently. Don't be blinded by the rapid rise of other cryptocurrencies around you and blindly chase the rise. Otherwise, in the end you will only lose the good cards in your hand and fall into a vicious cycle of frequent chasing highs and repeated defeats, which is not worth the loss.
That’s all for today. The cryptocurrency world is ever-changing. If you want to get the actual strategies as soon as possible, don’t forget to follow Dahua! I hope everyone can make a name for themselves in the cryptocurrency world, with fewer setbacks and more gains.
$BTC
