Cryptocurrency Market General Rules

The cryptocurrency market used to be a confrontation between the East and the West. In the past, there would be market movements both during the day and at night. The significant market movements generally occur between 21:30 to 7:30 Beijing time. Major price increases typically happen in the early morning, so a qualified trader should sleep at 20:00 and wake up at 4:00 to monitor trades.

1. If there is a continuous decline during the daytime in China, you must buy the dip; at 21:30, foreign traders will pump the market.

2. If there is a significant rise during the day, do not chase the highs; the price will drop back at night.

3. The key signal for buying and selling is the pin bar; the deeper the pin, the stronger the buy and sell signals.

4. Before major meetings or positive news, prices will rise, and once the news is out, they will fall.

5. In group discussions, if someone in the community promotes a coin with exaggerated claims, and you get excited, you are likely to be trapped; consider taking the opposite action. If a coin is hot and very popular, you can short it immediately.

6. If a group member recommends something and you find it uninteresting, it is likely to take off; when in doubt, it doesn’t hurt to try a little.

7. When you hold a large position, you will definitely get liquidated. Why? Because you are on the liquidation list that the exchange is focusing on.

8. After your short position stops out, it will definitely drop; it won't let you off the hook or get liquidated, so how can it drop? For example, TRB.

9. When you are about to break even, just a little more, the rebound suddenly stops; how could it allow you to close your position and escape?

10. When you take profits, the price will rise. If you don’t exit, how can it pump? The position is too heavy.

11. When you are excited, a sudden crash will inevitably occur; your excitement is also a bait from the market makers.

12. When you have no money, every project seems to be rising, making you FOMO and rush in. So you understand, the market is manipulated over 80% of the time. You must control your position and be proactive, firmly refusing to enter the market before understanding the market maker's actions. Once you enter, you become the fish on the chopping block of the exchange. Trading is about patience, determination, and timing. Let’s encourage each other.