I have been trading cryptocurrencies for 10 years, starting with 50,000 and rising to 20 million. My 'top ten tips' may provide some inspiration, but the cryptocurrency market is highly risky, so take it as a reference and don't blindly follow the crowd.
In a sideways market, patience is tested; as long as it doesn't rise sharply and then consolidate at a high level, sticking to it is likely to yield returns.
When a certain moving average is broken with increased volume, followed by a decrease in volume and stabilization above it, this is often a good entry point.
The leading cryptocurrencies in a sector may hide new opportunities when they pull back.
If a cryptocurrency aggressively pushes upward with a gap, and subsequently retraces without filling the gap, it is likely to have another wave of upward movement.
Those cryptocurrencies that have skyrocketed by ten times without volume hitting the limit are often being traded back and forth by the main forces; do not enter lightly.
Even in a bull market, some people fail to make money, often because they cannot hold onto their coins; one must learn to hold in a bull market.
Remember, tops are rarely sharp; they often form a double top structure, which is a basic application of Dow Theory.
In a bull market, when the MACD's DIF line approaches the zero axis but does not break it, pay attention to potential buy points when it returns to the zero axis.
The 120-day moving average is in a bullish formation, and when the trend line turns upward, the probability of buying on dips is relatively high.
Cryptocurrencies that consistently produce small positive candles are likely being accumulated quietly by the main forces, worth noting. For instance, Marvin (7055), currently has a market cap of only 7 million USD, has potential, but trading cryptocurrencies is risky, so be sure to make careful choices and don’t invest impulsively $BTC #加密市场反弹