Eight years of cryptocurrency trading, a legendary journey from 500,000 to 60 million
With the surge of the market, a new chapter of the bull market is about to begin. With 500,000 yuan in your hands, you may be looking forward to a feast of wealth. Here, I have sorted out the "Top Ten Trading Proverbs" verified by the market to help you ride the wind and waves in this game.
1. Sideways trading, patience is gold
The market often has a calm period, but every silence is for a bigger outbreak. As long as it is not sideways at a high level, patiently holding will be rewarded.
2. Moving average breakthrough, shrinking volume and stabilizing
When the currency price breaks through an important moving average with a large volume, if the subsequent shrinkage and still stands above the moving average, it is the best time to enter the market.
3. Leading currencies, falling opportunities
The leading currencies in the sector often have opportunities in their decline. Their adjustments are for the next take-off.
4. Gaps attack, strong momentum
The currency with gaps often has a very strong upward momentum. As long as the gap is not broken after the retracement, the upward trend will continue.
5. Beware of traps when speculating on monster coins
Those coins that have skyrocketed more than ten times in a short period of time are often the embodiment of market bubbles. Their daily limit is likely to be directed and performed by the main force. Don't be fooled by their appearance.
6. Holding coins in a bull market is the way to make profits
In a bull market, people who don't make money are often because they can't hold coins firmly. Remember, a bull market is to insist on holding high-quality coins.
7. The top is not sharp, and double tops are common
The top of the market is often not a sharp top, but a double top or multiple tops. This is the law of the market, and it is also something that investors need to be vigilant about.
8. MACD golden cross, buying point appears
In a bull market, when the DIF line of MACD tests the 0 axis downward but does not fall below it, and then returns to the 0 axis, this is often a buy signal.
9. 120-line bulls, buy on dips
When the 120-day line shows a bullish arrangement and the trend line turns upward, it is a good opportunity to buy on dips. This strategy has been tried and tested in the market.
10. Small positive lines rise continuously, the main force is absorbing chips
The currencies with continuous small positive lines often mean that the main force is secretly collecting chips. Such currencies are worthy of close attention from investors.
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