After eight years of cryptocurrency trading, the insights have been distilled into eight sentences:
First, if there is a significant drop in the morning, consider buying; if there is a significant rise, it is suitable to sell;
Second, do not blindly chase in during a significant rise in the afternoon, and if there is a significant drop in the afternoon, consider buying the next day;
Third, do not rush to cut losses if there is a big drop in the morning, and when the market is flat, it is advisable to rest and recharge;
Fourth, do not sell unless the price has risen to a certain level, do not buy unless it has dropped to an appropriate price, and do not trade when the market is sideways;
Fifth, prefer to buy coins in a bearish market and choose coins in a bullish market when selling;
Sixth, those who dare to go against the mainstream market trend can achieve extraordinary results;
Seventh, when the price is consolidating at high and low levels, one must patiently wait for the market to clarify further;
Eighth, when there is a rebound after a period of consolidation at a high level, be sure to seize the opportunity and sell decisively.