In the cryptocurrency circle, there used to be a confrontation between the East and West, both day and night.
Market conditions, the basic market conditions are based on Western time, Beijing time
21:30-7:30 question.
Most significant increases occur in the early morning, so a qualified trader should have a proper schedule.
Sleep at 20:00 and wake up at 4:00 to pay attention to trading.
During the day in China, if there is a continuous drop, you must bottom fish; at night, at 21:30, foreigners will pump the price.
1. If there is a big increase during the day, definitely do not chase the highs, it will drop back at night.
2. The key factor signal when buying and selling is the pin bar; the deeper the pin, the stronger the buy and sell signal.
3. Major meetings or positive news will lead to an increase, but will drop once it materializes.
4. Group discussion plans, community recommendations to buy coins, with grand talk; you get excited, but are likely to be trapped, leading to opposite operations. Which coin is hot? Very hot. You can short it immediately.
5. Recommendations from group friends, if you feel uninterested, there is a high probability it will take off; when you have doubts, it’s worth trying a little bit.
6. When you hold a large position, you will definitely incur a margin call; why? You are on the exchange's key margin call list.
7. When your short position's stop loss is completed, it will definitely drop; if it doesn't trick you into getting off or blowing up, how could it drop? For example, TRB.
8. When you are about to break even, just a little more; the rebound suddenly stops, how could it let you close and run away?
9. When you take profit, it will rise; if you do not exit, how can it pump? The vehicle is too heavy.
10. When you are excited, the waterfall comes as expected; your excitement is also a bait by the market maker.
11. When you are broke, every project is rising, making you feel...
FOMO, hurry to enter the market.
So you understand, the market is manipulated with over 80% probability; besides controlling your position, you must also react proactively and be clear about the market maker's operations.
Previously, you were determined not to enter the market; once you do, the exchange is the butcher, and you are the fish.
Trading is about patience, determination, and timing; let’s support each other. The cryptocurrency world creates countless possibilities every day, I hope this helps you.