In the ever-changing cryptocurrency world, novices are often overwhelmed by various complex situations. The following points will dispel the fog for you and help you make more wise decisions in the cryptocurrency world.
1. "Fast rise and slow fall = accumulation": When the price of a coin rises rapidly but falls relatively slowly, it is very likely that the dealer is quietly accumulating chips to prepare for a subsequent round of strong pull-ups.
2. "Fast fall and slow rise = delivery": If the price of a coin falls rapidly but rises very slowly, this indicates that the dealer is gradually delivering the goods, and the market is likely to enter a downward trend at this time.
3. "Don't panic when the top is large, run fast when there is no volume at the top": At a high level, if the trading volume is enlarged, the price of the coin may continue to rise; however, once the high volume is reduced, this indicates that the momentum for the rise is insufficient, and you should leave the market decisively at this time.
4. "Don't rush to buy when the bottom volume increases, and consider it again when the volume continues to increase": The bottom volume may only be the middle stage of the decline, and observation should be the main focus at this time; if there is a continuous increase in volume, it means that funds are flowing in, and you can try to buy low.
5. "Speculating on coins = speculating on emotions, and emotions determine consensus": Market sentiment drives the fluctuation of coin prices to a large extent, and trading volume is a direct reflection of consensus. In the coin circle, investors' emotions change rapidly, and the ups and downs of this emotion directly affect the consensus of the market, and then influence the trend of coin prices. Therefore, for novices, it is crucial to learn to understand market sentiment and the formation mechanism of consensus.
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