I have been in the cryptocurrency circle for almost five years. This is a little experience I have summarized in the past few years. It is all practical. You can remember and learn.
1️⃣ If the amount of funds is not large, for example, within 200,000, it is enough to catch a major rising market every year, and don't always operate with a full position.
2️⃣ The money you earn will not exceed the scope of your cognition. Practice with a simulated account first to cultivate a real mentality and courage. Simulations can fail repeatedly, but a failure in real operations may lose everything, or even stay away from the market forever.
3️⃣ When there is major good news, if you don't sell it on the same day, you must sell it when it opens high the next day, because the realization of good news often means bad news.
4️⃣ One week before major holidays, you should gradually reduce or even clear your positions, because holidays usually cause the market to fall.
5️⃣ The core of the medium and long-term strategy is to keep enough cash. Sell when it rises and buy back when it falls. Rolling operations can better cope with market fluctuations.
6️⃣ Short-term trading should focus on trading volume and price graphics. Targets with large fluctuations and activeness can be operated, but those that are dull should not be touched.
7️⃣ When the decline is slow, the rebound will also be slow; when the decline accelerates, the rebound will usually be faster.
8️⃣ If you buy the wrong one, you must decisively admit the mistake and stop the loss in time. Keeping the principal is the key to survival.
9️⃣ When operating in the short term, you must refer to the 15-minute K-line chart and combine the KDJ indicator to find the right buying and selling points.
🔟 There are many techniques and methods for speculating in coins, but it is enough to master only a few of them. Don't be greedy for more.
Sharing a few instances of cryptocurrency price fluctuations
In June 2011, the Mt. Gox exchange was hacked, causing the price of Bitcoin to suddenly drop from $17.5 to $0.01, a decline of 99.9%.
On December 5, 2013, the Chinese government announced a ban on all forms of cryptocurrency activities. On December 4, the day before the ban was announced, the trading price of Bitcoin was $1,121. As soon as the news broke, it triggered a crash, and by December 18, the price fell to $559, a 50% drop from the peak on December 4.
The crash from April to July 2021 peaked at $63,577. Then, within the next three months, it plummeted to a low of $29,972 on July 21, and the price has remained around $28,000 since then.
Around May 10, 2022, the price of Luna dropped from $90 to 0.00000001 in just a few days, a staggering 99.9999% drop. I remember that afternoon when it fell to $1, my friend bought the dip, and by that night it was at 0.000001, the next morning it was at 0.00000001, I recall there were seven zeros in the morning.
The price of Doge surged 250 times in 2021 due to the GME incident and Musk's tweets.
FIL, a peer-to-peer open-source data storage network, had a price of $24 in February 2021, and by April 1, 2021, the price surged to $230, an increase of 858.33% over two months.
The price of SHIB rose from $0.000000000168 in January 2021, increasing by 52,648,700% to $0.000088, a rise of 133,899 times.
BTC first appeared in 2009, rapidly increasing from 2011 onwards, reaching a price of $69,000 on December 17, 2017, a growth of 80,000 times.
The callback has already begun, and the strengthening of bearish forces means more people believe the market will decline in the future.
"Where there is Yang, there must be Yin; Yin and Yang interchange" expresses that market trends often have a certain periodicity, where an increase may be followed by a decrease, and a decrease may also lead to an increase.
Do not open long positions now; it is a relatively conservative trading strategy to choose not to participate in trading when the market direction is unclear, in order to avoid potential losses.
"Better to miss out" expresses that even if one misses possible profit opportunities, ensuring the safety of funds is paramount. If it really goes down this time, then the future could be interesting: this expresses uncertainty about the future market trend, suggesting that if the market indeed continues to decline, more complex market situations may arise subsequently. Perhaps the bulls, like the bears, are being repeatedly worn down and are being beaten down.
November 12 evening market overview: The current market may be nearing the end of a bull market, similar to the situation in November 2021.
Key indicators are as follows: USDT.D signal closely follows the monthly trend line, and Bitcoin's hourly chart has consecutively dropped below the life line of 88150 for three days, marking the first occurrence since the 5th.
The four-hour life line is tentatively set at 86120, having just experienced a brief dip before rebounding, and is expected to close above it by 8 o'clock.
This sign indicates that some bulls are starting to exit the market. If the four-hour closing drops below the life line, the trend may reverse downward. Investors should be cautious in their positioning.
In this round of the bull market, the AI field has emerged as a strong contender, with its popularity only second to MEME, showcasing tremendous development potential. Here are several notable AI-related projects:
$FET: As a public chain focused on AI within the Ethereum ecosystem, FET supports the writing of executable AI models through smart contracts, achieving deep integration with AI technology and providing robust support for the implementation of AI applications.
$IO: This is a highly anticipated AI avatar generation project that has attracted investments from Binance and renowned investor Mark Cuban, making its future prospects exciting.
$RNDR: As a decentralized rendering network, RNDR provides GPU computing power support, serving not only the metaverse but also playing a significant role in AI applications, demonstrating broad application potential.
$ARKM: This is a blockchain trading platform focused on the AI field, dedicated to providing convenient and secure solutions for trading AI assets.
$TAO: This project has been included in Grayscale's holdings, positioned as an innovative AI asset, and its unique value and potential are worth investors' attention.
The main focal points of the current bull market include AI, tokenization of real-world assets (RWA), the SOL ecosystem, and MEME, among other areas. For investors, in-depth research and focus on quality cryptocurrencies in these fields are expected to yield more substantial returns.
Shiba whale's stock price soared 67% in a week, profiting $123 million!
Shiba Inu (SHIB) is on fire! After a significant increase of 67% in just seven days, SHIB shows no signs of slowing down. This rebound has caught the attention of SHIB whales, who recently sold 100 billion SHIB tokens for a profit of $2.85 million. Notably, this massive move has brought the whale's total profit to an astonishing $123 million, all from an initial investment of $38,000. SHIB whale turns $3,800 into $123 million. According to the on-chain analysis platform Lookonchain, in August 2020, this whale made a bold decision to purchase SHIB tokens worth $15.28 trillion with just a $3,800 investment. At that time, SHIB was far from being as popular as it is now, and this whale took a considerable risk.
Bitcoin (Big Cake) continues to set new historical highs, while Ethereum (Eth), although currently showing some fatigue, is expected to experience a rebound later, which also means that the eagerly anticipated altcoin season may follow.
In the future, the market is likely to see a phenomenon of sector rotation. Currently, besides mainstream coins, the AI+meme sector is receiving high attention, but this enthusiasm is expected not to last long. Therefore, I believe the next wave that may explode will be the AI sector. Given that current technological trends are increasingly leaning towards the field of artificial intelligence, the AI sector is undoubtedly worth close attention.
Taking $ulti as an example, although I have mentioned it before, its price has risen relatively slowly and seems to be accumulating funds.
Ulti belongs to the field where AI artificial intelligence and blockchain gaming are combined, and it is currently at the forefront of the industry. Although its current price is near the upper edge of a descending channel, if it can successfully break through this position, it is expected to welcome a wave of upward trends. Therefore, investors can patiently wait and look for suitable entry opportunities.
Today, I ventured into two exciting BTC ecosystem projects:
Bitcoin Frog: As a leader in the NFT space of BTC, Bitcoin Frog once reached a high price of over 0.2+ BTC at its peak, while its current price is only 0.04 BTC. This indicates a potentially huge appreciation space, offering a good opportunity to earn up to 5 times BTC returns.
SATOSHI•IHSOTAS: This is a unique project that marks the first palindrome rune engraved on rare "Satoshis" (the smallest unit of Bitcoin). Currently, this project mainly attracts the attention of foreign investors, with a market value of less than 700,000 units.
In addition to the above two new projects, I also hold several other assets in the BTC ecosystem in this round of layout, including:
VikingRunes official NFT $gizmo $kika $oozy $retarded
I firmly believe that by carefully selecting and holding these potential projects, one can expect substantial returns just by waiting for a shift in market sentiment. In the world of cryptocurrency, patience and insight are the keys to success.
Will Dogecoin's price skyrocket to $1.80 after breaking three-year resistance?
Dogecoin's price has risen by 43.4% in the past 24 hours, currently trading at $0.4050. This increase occurred after Bitcoin surged to a historical high of $89,561. Additionally, the price rise has led to a breakout of a three-year resistance level, which could push Dogecoin's price back to previous historical highs or even higher, potentially reaching $1.80. Bitcoin price surges, Dogecoin price skyrockets As BTC price skyrockets, Dogecoin's market capitalization currently reaches $53 billion, slightly below BNB (BNB). This is the highest price for Dogecoin in the past three years, only about twice the distance from the previous all-time high. The upcoming surge could allow this dog-themed meme coin to surpass BNB and Solana (SOL), becoming the fourth largest crypto asset by market capitalization.
The zoo has trapped some people in this range, there will be some selling pressure. As long as we withstand this selling pressure, we will definitely break the previous high, soar to the sky, surpass a market value of 20 million, aim for the next target of 30 million, and then 50 million. The big player enters the market, breaking through 50 million.
Something big has happened again, brothers in the crypto circle quickly brush away, don't look, it's a cruel fact. As of now, the total liquidation amount in the past 24 hours has exceeded 7 small targets, with the main focus on short positions. The leader Bitcoin and the second Ethereum are continuously challenging the limits of the bears. Just at 7:14 in the morning, Bitcoin reached a new high of 89575, while Ethereum faced temporary resistance due to some trapped or profit-taking investors, adjusting around 3300.
For example, big players including Sun have started unloading, causing temporary resistance for Ethereum. However, after digestion, it can still recover its upward trend. Looking back now, last week's big green candlestick really left the bears speechless. How many people have held short positions below 7 until now? So what should be done now? Today, I will share some valuable insights with you, remember to like, follow, save, and share.
In a bull market, there's often a sharp decline. This statement is not a joke, because even in a bull market, it cannot keep rising indefinitely. The higher it goes, the greater the pressure will be, and once the momentum fades, with profit-taking, it will quickly plunge. When the market sees a drop, it will continue to surge again, and when new funds come in, it will continue to rise. The spikes at 6 and 9 o'clock are the best proof, quickly liquidating long positions and then directly reversing to reach new highs again. One should pay more attention to changes in contract open interest and rates to find opportunities for pullbacks. Currently, both the open interest across the network and the perpetual rates have reached high points, facing pressure now. As long as it dares to reverse, we can either run away or jump in. We are still far from the peak. According to historical patterns, the peak will appear next year. Hold onto your spot and aim for a big jackpot, brothers, what do you think?
Today's market analysis: From the K-line perspective, $BTC on the hourly level is rising (the momentum is still insufficient, facing pullback pressure), on the 4-hour level is rising (this candlestick is bearish, and KDJ is about to cross down, caution for pullback), and on the 12-hour and daily levels is rising. The intraday resistance level is 90000, and the support level is 84000 dollars.
dogwifhat Rises 27% in One Day: Is the Next Target $4,860?
The bullish momentum for dogwifhat [WIF] has further strengthened after a significant increase of 48.19% over the week, and this upward trend has continued into the daily timeframe, with prices soaring again by 27%, laying the groundwork for further gains. However, various indicators provide different perspectives on the magnitude of the rise, offering multiple insights into asset price movements. The symmetrical triangle gives WIF an advantage. WIF is currently in a symmetrical triangle pattern, which is generally seen as a bullish catalyst, and prices typically move towards the peak of the channel, possibly even surpassing it.
In the historical trend of Bitcoin, there is a phenomenon worthy of attention. Previously, Bitcoin had successfully broken through the long-term consolidation area three times, and now it is facing the fourth breakthrough.
Looking back at the situation after the first three breakthroughs, the price has been on an upward trend all the way. During this period, only when the price deviated far from the breakthrough point did a pin-type correction of about 20% - 40% occasionally occur.
For now, Bitcoin has just broken through, and given historical experience, the possibility of a sharp correction in this case is low. Therefore, investors can consider adopting a strategy of buying in batches when the price pulls back to the 76-77 range. However, there are huge risks in investing in Bitcoin, and the market is unpredictable, so decisions need to be made with caution.
$BTC contract positions continue to hit new highs, with contracts occupying half of the market, which can also be understood as futures continuously driving the market up. The short-sellers are still being choked out by liquidity. After the divergence in the market, it can still diverge upwards. The short-selling strategy has exhausted many skilled contract traders. In the current market, holding onto spot assets is the only option.
The market demand is greater than the selling pressure, coupled with continuous short-selling leading to a rise without correction. You ask me when there will be a correction? I can't make a judgment now. Bull markets are characterized by slow rises and sharp declines; high-leverage contracts need to be washed out before continuing to rise. The upper limit can reach 87000-89000. In the short term, look for some high-volatility altcoins to play with.
SUI price surges 70% in a week, sparking speculation of SUI price rising to $10
SUI is the native token of the first-layer blockchain Sui Network, which has surged by 70% in the past week and continues to reach new highs, outperforming most altcoins in recent months. SUI is currently the 14th largest cryptocurrency by market capitalization, becoming a profitable investment. According to data from CoinMarketCap, SUI's trading price is $3.15, having risen by 9.87% in the past 24 hours and 56.35% in the past 30 days. Since November 2023, this altcoin has surged by 441.76%, with its market cap increasing from $584 million to $8.96 billion at the time of this writing, demonstrating huge growth potential.
The $ETHBTC exchange rate has started to decline, which is part of a normal correction.
The support level on the 4-hour chart is at 0.038; as long as it does not break below this level, ETH can continue to push towards the price of 3300 after the correction. A short-term pullback does not affect the subsequent upward momentum; a slow rise and sharp drop are characteristic of a bull market.