Ten years of cryptocurrency trading, summarizing the top ten points for wealth from trading (worth collecting)

Is it reliable to become rich through cryptocurrency trading?

In the crypto world, achieving financial freedom and class leap must follow the market's iron laws: major points for wealth through trading

1. Keep an eye on Bitcoin trends

In the crypto world, Bitcoin often leads the direction of price fluctuations. Although Ethereum can sometimes perform independently, most altcoins are influenced by it.

2. Pay attention to the relationship between Bitcoin and USDT

Bitcoin and USDT often move inversely; when USDT rises, beware of Bitcoin falling, and when Bitcoin rises, it’s an opportunity to buy USDT.

3. Seize trading opportunities in the early morning

From 0:00 to 1:00 every day, the phenomenon of price spikes is likely to occur. Domestic traders can set low buy prices for their desired coins before going to bed and high sell prices to potentially enjoy surprise transactions and easily profit.

4. Observe morning price trends

The critical time for deciding whether to buy or sell is from 6:00 to 8:00 every morning. If the price has been falling continuously from 0:00 to 6:00, and it’s still falling, consider buying or adding to your position, as it may rise later that day; if it has been rising continuously, and it’s still rising, consider selling, as it’s likely to drop later that day.

5. Pay attention to afternoon volatility points

Pay special attention at 17:00, as due to time differences, American traders start to operate, which may cause price fluctuations—many significant rises and falls happen at this time.

6. Be cautious of 'Black Friday'

There is a saying in the crypto world about 'Black Friday'; while there may be significant drops on Fridays, there can also be significant rises or sideways movement, just pay attention to the news.

7. Be patient with falling coins

If a coin with a certain trading volume falls, don’t worry; holding patiently can help you break even. It may take as short as 3-4 days or as long as a month. If you have extra funds, you can buy in batches to speed up breaking even, unless it’s a worthless coin.

8. Stick to long-term spot trading

When trading spots, holding the same coin for the long term and trading less often usually yields greater profits than frequent trading; it just depends on your patience.

9. Pay attention to external influencing factors

The crypto market is affected by many factors, such as various countries' attitudes toward cryptocurrencies leading to drops when negative; U.S. financial policies, like rumors of a wealthy tax; opinions of big figures in the crypto space, such as Musk's statements. It’s essential to keep an eye on financial news.

Click on the avatar to follow my public account and join the group for free sharing of bull market strategies and various reference points for contracts and spots. Be my fan and I'll help you succeed; you just need to relax.