I suddenly thought of this question today, and combined with what I saw in a book two days ago. Why is it banned? Because they are afraid that you will make a profit of one day and spend it for a month. I think 95% of people will find a place to buy a computer and a network cable to trade. So I want to ask, if everyone goes to play with coins, who will do the cleaning on the street, the waiter in the restaurant, and the wheat and corn planting?
In this way, the problem is very clear. Of course, it is normal to have gains and losses. I believe you only see that those who lose money in playing coins have gone to the rooftops, and those who win have built a small villa in the mountains, surrounded by mountains and rivers, and hired some servants. You can't see these, you can only see what the government wants you to see, otherwise once this balance is destroyed, some chosen ones will find that it takes me more than 20 years to pay off my mortgage with hard work, but in the circle, I can pay off all my debts in one year, half a year or even shorter. At that time, I think you will have a new perspective.
Next, I will share with you my operational insights and ideas. The support and resistance levels are only for reference and cannot be used as the final basis for operation.
If the price rises quickly but falls slowly, it means that the main funds are quietly accumulating chips and preparing for the next wave of price increases. At this time, you can choose to enter the market with a light position.
If the price of a currency falls quickly but rises slowly, it means that the currency is being sold. If the price of a currency falls quickly but rises slowly, it means that the main funds are gradually selling and the market may enter a downward phase. If you are trapped at this time, you should quickly choose to sell or hedge.
Don't rush to sell at the top when the volume is large, and sell quickly at the top when the volume is small. If the volume at the top is large, it means there may be room to continue to rise, but if the volume shrinks, it means that the momentum is insufficient and it is time to withdraw.
Don't rush to buy when the bottom volume increases, and consider it again when the volume continues to increase. Bottom volume is sometimes a signal of a downward relay, so you can't enter the market blindly, but if the volume continues to increase, it means that funds are entering the market, and you can consider layout.
The most important point is that cryptocurrency speculation is all about emotions, and trading volume reflects consensus. The price fluctuations of cryptocurrencies are driven by market sentiment, while trading volume reflects the market consensus and the movement of funds. Sometimes the trend is upward, but due to unfavorable news and the analysis of big Vs, all the funds are withdrawn, resulting in a waterfall-like decline in the price that should have risen.
This is how the cryptocurrency world works. Emotions and funds determine everything. If you grasp these points, you may not be invincible in the market, but at least you can guarantee that you will be a legend in the cryptocurrency world.
