I have been trading cryptocurrencies for ten years. In the past, I was afraid when I heard $BTC , but now I rely on trading cryptocurrencies to make a living.
Here are my insights, all hard-earned lessons from my past mistakes, and I hope those who read this can avoid some detours.
When the market is hot and the coin prices are rising, you should boldly increase your positions, just like pressing the accelerator when driving on a good highway, allowing your money to make more money.
Before trading cryptocurrencies, you need to find a support point, just like finding a foundation when building a house. For short-term trading, look at the ten-day moving average. If the line breaks and hasn't pulled back, then you should run quickly.
When the coin price is low and the trading volume increases but the price doesn’t rise much, and then the price pulls back without breaking that level, that’s a good buying opportunity. It's like the main force is secretly accumulating; the price pullback is their signal that they have finished buying.
If you get stuck in a position, don’t keep thinking about how much you spent to buy it. When the price rebounds, seize the opportunity to sell, and wait for the price to drop again before buying back. Don’t think you have to sell at the original price to get your money back.
When trading cryptocurrencies, focus on those coins that are likely to surge; although they are volatile, they often have potential after a pullback. If you see a certain coin frequently surging and the pullback doesn’t exceed 30%, then jump in quickly, as there may be a big market ahead.
You need to have discipline in trading; as long as the coins you are optimistic about do not break key levels, be patient and wait. Don’t chase after other coins that are rising fast, resulting in your own holdings also rising, which leads to chasing others again, and in the end, you end up with nothing and may even lose money.
For the next layout direction, I will guide everyone to aim for the lucrative opportunities in altcoins, with an expected return of over ten times being a possibility. Like + leave a message, and I will take you to layout the entire bull market together!
