Let me talk about myself. I am from Changsha, Hunan, born in 1980. I work full-time with Bitcoin and my assets are in the tens of millions. I withdraw 100,000 yuan from the crypto market every month, feeling no impact. My life is leisurely and carefree, without deceit or intrigue, living the life I want.
If you also like doubling coins and want to get involved in the main upward trend, then these four phrases must be remembered. If you find the article helpful, remember to follow and bookmark it!
These four phrases are: "Big in the front, small in the back, go for the golden cross", "High in the front, low in the back, run when there's volume".
1. "Big in the front, small in the back, go for the golden cross" is a buying mantra at the bottom, meaning that in a downtrend, if the price makes a new low but the green bars do not make a new low, it indicates that the downward force has weakened, and the market is about to reverse. When the five-day moving average crosses above the ten-day moving average and forms a golden cross, that is our buying point.
2. "High in the front, low in the back, run when there's volume" is a selling mantra at the top, meaning that in an uptrend, if the price rises to a new high but the red momentum bars do not make a new high, it indicates that the upward momentum is weak. At this point, if there is an increase in volume, it suggests that the main forces are selling off, and you should quickly reduce your position to avoid losses. When the coin price is at a top or bottom, it will send many signals, such as when the coin price makes a new high but the trading volume does not, this is a top signal; when the coin price makes a new low but MACD does not, this is a bottom signal.
Many retail investors do not believe in technical indicators, but every type of indicator has its reason for existence. We must continuously learn and improve our trading system to survive in the crypto market for a long time.
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