Here are some tips for beginners to enter the cryptocurrency market:
Pullback rebound strategy: When the market experiences a sharp rise or fall, there will usually be a short pullback or rebound. This is a good opportunity for us to make stable profits. Mainly use the K-line pattern, you need to have a good sense of the market and be able to accurately judge the stage highs or lows.
Time period strategy: Generally speaking, the early and afternoon trading sessions have small fluctuations, and the market is easy to grasp, which is suitable for investors with a gentle personality, but it takes a long time to place an order to make a profit, which requires sufficient patience. The late and early morning trading sessions fluctuate violently, and you can make a quick profit and have multiple operation opportunities. It is suitable for aggressive investors, but the market is difficult to grasp and prone to errors, and requires a high level of technical level and judgment ability.
Oscillating strategy: Most of the time, the market is in an oscillating pattern. Selling high and buying low during the oscillation is the basic method for stable profits. Using the BOLL indicator and box theory, the premise of success is to find the resistance and support according to various technical indicators and graphics. The principle of oscillating orders is short-term buying and selling, and you can't be greedy.
Resistance support strategy: When the market encounters important resistance or support, it is often blocked or supported. Entering an order when blocked or supported is a common method we use, and it is also a common method for stable profit. Using trend lines, moving averages, Bollinger bands and parabolic indicators requires very accurate judgment of resistance and support.
Change and breakthrough strategy: After a long period of consolidation, the market will eventually choose a direction. Chasing in after the market chooses a direction change is a way to make a quick profit. You need to have a good ability to judge changes, a stable mentality, and no greed or fear.
Unilateral trend strategy: After the market breaks through the consolidation, the market will choose a direction. After the unilateral market is formed, it is an eternal truth to follow the trend. Every callback or rebound is an opportunity to enter an order and a guarantee of stable profit. Using K-line, moving average, BOLL and trend line, you need to master these indicators.
The above is my practical experience and technical summary of more than ten years of currency speculation. It may not be suitable for everyone. You need to use and summarize it in combination with your own practice.
The current situation is very similar to the 21-year market, you can layout
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