Before the age of 30, I have achieved financial freedom in the cryptocurrency circle!
1. Market sentiment and emotions The strength of the sentiment of long and short positions can be analyzed from the changes in trading volume and holdings. If the price does not fall after a large amount of volume is released, the decline may stop. If the price does not rise after a large amount of volume is released, the short-term rise may have reached its limit. The volume requirements in the rising process and the falling process are different.
Rising process: It is necessary to continue to increase the volume evenly. The even volume in the 3-minute K-line chart indicates that the rise will continue. If there is a large reduction in volume or a very large volume, the rise may come to an end.
Falling process: As long as the volume is increased when breaking some key positions, the downward trend will continue. When the price stops rising at a certain price, the position is increasing all the time, and the prices of the buy and sell orders are lower than each other, indicating that the price may fall. The increase in positions and stagnation in growth is a very good time to sell short, or the increase in positions and stagnation in decline are easy to rebound.
2. Draw the pressure, support, trend line, etc. in the chart at key points, and take quick action when the price reaches or breaks through these key points. I use the golden ratio to predict pressure and support.
3. Trading rules: You can only operate one product in a period of time. Keep track of the products you operate until they have no speculative value.
4. Look at the market window: one-minute window - this is for the timing of entry and exit; 3-minute window - this is used to monitor the band situation after entry; 30-minute or 60-minute window - used to monitor the change of intraday trends at any time.
Finally, I would like to remind everyone: there are opportunities for operation every day. If you are stopped out, don't be anxious to recover immediately. If you stop out, this order is completed, and the next order is a new order. You should earn as much as you should. Don't customize the target of the next operation based on the previous operation, otherwise you will lose every time.
Only by treating each order as a new order can you have a good mentality to fight.
