In fact, you can consider it from several aspects: First, your ability. If you are very good at entering the market and can often enter at the trigger point of the market, then of course you must seize the opportunity to increase your position. If you are weak in entering the market, it is definitely better to have a light position, and a wide stop loss is more beneficial, otherwise you will stop loss repeatedly. Second, your desire. If you have a big desire, your position must be heavier, and if you have a small desire, your position must be lighter. Third, your risk tolerance. For a single transaction, how much loss can you accept? If you have a high tolerance, your position must be high. If you cannot accept a large capital retracement, your position must be light. So, whether to have a heavy or light position depends on the individual, ability, desire, and risk tolerance. What suits you is the best, and what suits others may not be suitable for you If you want to know more about the relevant knowledge of the currency circle and the first-hand cutting-edge information, click on the avatar to follow me. Players who have doubled 10 times in a month are also welcome to follow orders. Daily market analysis and high-quality potential currency recommendations $BTC
After a transition between a bull and bear cycle, when it falls back to the bottom, I personally only recommend buying BTC first. My commonly used methods are as follows: 1. Large cycle bottom buying: Wait for the BTC price to drop more than 70%. At this point, it is possible to buy in batches; if it drops further, it won't drop much more. This stage is suitable for small dips to buy and large dips to buy more.
2. Large cycle right-side buying: Wait for the market to meet conditions where the daily or weekly candlestick appears as a golden pit, with patterns such as head and shoulders bottom that signify a bottom, and the moving average system also shows a bottom consolidation turning upward. As a seasoned cryptocurrency investor, I share my experiences and insights for free. Interested in the cryptocurrency world but don't know where to start? Follow me to see my insights, and I'll guide you to achieve freedom in this bull market. $BTC
① Technical methods are never a holy grail. ② Setting stop-loss is always the right choice. ③ Making money should always be easy; any trading method that isn't easy will definitely lead to losses. ④ You need to live well in order to trade well. ⑤ Making big money is definitely reliant on trends; you must believe this statement. ⑥ If you want to trade well, don’t overly refer to fundamentals and news; technical analysis is enough. ⑦ Being a good person is more important than trading; be a good person first, then trade. ⑧ Position management is greater than everything. ⑨ Those who can lose and dare to lose are more likely to make money in the trading market. ⑩ The desire for sudden wealth is always the root cause of losses and volatility. Remember these 10 phrases to avoid detours in the trading market. If you like contracts, enjoy studying charts, and researching techniques, click the avatar. I have years of experience and tips in the crypto circle to share for free. I'm waiting for you in the circle, always online, welcome to discuss and improve together. #比特币价格走势分析
In a relatively easy process, risks are everywhere. Remember various black swan events and always be prepared for risk management.
Cultivate the mindset of a market maker In BTC, always think like a market maker, maintain sharp market insights and calm decision-making ability.
Don't have a lucky mindset When it comes to cryptocurrencies, one must never rely on luck. Every investment should be based on thorough market analysis and rational judgment.
Abandon the illusion of long-term value investing
The volatility in the cryptocurrency space is immense. One should not expect to gain stable returns just by holding long-term, but should flexibly adjust strategies based on market changes.
Timely execution
In the cryptocurrency space, taking profits when they are available is a form of wisdom. When expected returns are achieved, one should exit promptly to avoid missing opportunities due to greed.
Don't get attached to battles
The market is ruthless. Do not get attached to battles due to temporary gains or losses. Stay calm and retreat at the right time.
Don't consider yourself a genius
In the cryptocurrency space, no one is right all the time. Staying humble and recognizing one's limitations is key to achieving success.
Capital and market makers are the real winners
In this game, only those with sufficient capital and a market maker mentality can potentially become the ultimate winners.
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In the cryptocurrency market, effective risk control strategies are essential for investment products. Here are some methods worth considering and applying for investors.
First, reasonably control the leverage ratio. Leverage is a double-edged sword; while it amplifies profits, it also exponentially increases risks.
Second, set stop-loss points. A stop-loss acts as a safety line for investors. When the price of Bitcoin moves unfavorably and reaches the pre-set stop-loss price, timely closing the position can effectively limit losses and prevent further escalation.
In summary, effectively utilizing risk control strategies allows investors to better protect their asset safety during investments. Even when facing severe market shocks like this, it can help minimize losses and avoid dire situations. To learn more about cryptocurrency-related knowledge and cutting-edge news, click on my avatar to follow me. A trader who can multiply investments tenfold in a month is also open for copy trading. Daily market analysis and recommendations for high-potential coins are published. #比特币价格走势分析 $BTC $ETH $BNB
Three steps faster, you will go bankrupt; one step faster, you will make a lot of money!
A person made a lot of money in the bull market of the cryptocurrency circle. He watched the market every day, fearing that he would miss the increase. Finally, one day, he couldn't stand it anymore and decided to take a nap. He thought, what could happen if he just took a short break? As a result, when he woke up, the market plummeted and his account shrank by half. Suddenly, he was sober and wanted to never sleep again.
In fact, many people hope that they can stay awake and keep a close eye on the market at all times, but no matter how hard they try, the market will not favor you just because you sleep a few hours less. Investing is more of an endurance race, not a desperate rush.
A good market does not mean that it is the best time for you to get on the bus at any time. The B circle is sometimes like a marathon, not a sprint. Timing is very important. "Three steps faster, you will go bankrupt." One step faster, you will make a lot of money. The market is delayed, and emotions are also lagging, so timing is very important, and luck is very important.
I believe most people have experienced this. When they first entered the market, they saw the market rising and were always eager to chase highs. As a result, they chased the downhill of the peak. They thought they would buy at the bottom, but in the end they bought at the halfway point. They could still buy at halfway after the market was cut in half, and their operations were deformed.
Later, I realized that the real masters are those who can calmly control the rhythm. They are not blindly following the trend, but will stay sober when the market is frenzy and find reasonable entry points when it fluctuates.
My advice: Timing is important, but mentality is more critical. Stay rational when the market is hot, don't be overwhelmed by FOMO, set your own goals and bottom line, find a rhythm that suits you, instead of blindly chasing the market craze.
Remember, investment is a long-distance race. It is important to grasp the trend, but you can go further in this game only if you don't lose your rhythm and judgment.
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Opportunities in the Cryptocurrency Market are Self-Created
In the enchanting and limitless realm of cryptocurrency, some become rich overnight while others lose everything. Those who can stand firm and grasp the keys to wealth understand that opportunities are not bestowed by heaven but are created by themselves.
The cryptocurrency market resembles a tumultuous ocean, with various digital currencies like fish swimming in the sea, numerous and unpredictable. The emergence of Bitcoin has ushered in a new era of cryptocurrency, and its dramatic price fluctuations are akin to a thrilling adventure journey. Ethereum, with its innovative technologies like smart contracts, also holds an important position in this field, and many emerging digital currencies have sprung up like mushrooms after rain, rising and falling in the waves of the market. Newcomers to the cryptocurrency world are often attracted by tales of rapid wealth, yet blindly following trends and hoping for the favor of fortune will likely lead to confusion in this chaotic market.
The creation of opportunities begins with an unrelenting pursuit of knowledge. In-depth research into the underlying logic of blockchain technology, understanding the algorithmic mechanisms, application scenarios, and development prospects of different digital currencies is the cornerstone of establishing a foothold in the cryptocurrency market. Only when you have solid professional knowledge can you discern valuable projects amidst the complex information and perceive subtle changes in market trends. This is like sailing in a dark ocean; knowledge is the bright lighthouse that illuminates the path ahead, giving you the ability to avoid reefs and whirlpools, steering towards waters that may harbor opportunities.
Decisive decision-making is also key to creating opportunities. The cryptocurrency market is ever-changing, and hesitation often leads to missed chances. When you identify a potential project through in-depth analysis, you must have the courage to act decisively. Of course, this boldness is not blind impulsiveness but is based on rational judgment and adequate preparation. For example, when certain emerging digital currencies are in their early development stages, their value may be severely underestimated by the market, but their technological advantages and application potential are immense. At this time, courageously entering the market could yield substantial returns in the future.
At the same time, being adept at seizing opportunities also involves knowing when to cut losses and take profits. When market trends contradict expectations, and a project encounters serious issues, not clinging to past investments and promptly cutting losses can prevent falling deeper into a quagmire;
The bull market is not a game of getting rich overnight, but a regular psychological warfare. Mastering the four stages of the bull market, you can not only seize the opportunity to make money, but also avoid big losses. Stage 1: The market is cold and prices hit the bottom Stage 2: Prices rise slightly, and wait-and-see sentiment is strong Stage 3: Prices soar, and the whole nation is celebrating Stage 4: Prices peak, and a sharp drop begins Each stage of the bull market tests your patience and rationality. Only by grasping the rhythm and responding calmly can you really make a profit in the bull market. As a senior cryptocurrency investor, I share my experience and insights for free. Are you interested in the cryptocurrency circle but don't know where to start? Follow me and watch me cook leaves, and take you to achieve freedom in this bull market. $BTC $ETH $BNB
Still here! These points are particularly important in a bull market: ① Every major drop in a bull market is an opportunity to get in, especially around the Spring Festival, when there is usually a correction, making it a good time to increase positions. ② Don't frequently switch coins; be patient and hold onto your coins until they rise. ③ Avoid overly diversifying your investments. Focus on different popular sectors and prioritize holding leading coins in large amounts. Don't hold multiple coins in the same sector. ④ Timely lock in a portion of your profits, while allowing the rest to continue to rise. Add to your positions after a sharp drop, seize the low point, and lower your average cost! The current volatile market is expected to last until early January. The best strategy in this kind of market is to reduce trading frequency. If you enjoy contracts, like to analyze charts, and study techniques, click on my profile. With years of experience in the crypto space, I will share tips for free. I am waiting for you in the community, always online, welcome to discuss and improve together. #比特币价格走势分析 $BTC $ETH $BNB
In a bull market, many people set 'breaking even' as their goal, but is that really enough? The meaning of a bull market lies in wealth appreciation, not simply making up for losses. If you didn't make money even in a bull market, it's time to seriously reflect on your strategy and execution. Think about it, there are at least six more months of a bull market ahead, this is an excellent opportunity for a turnaround! Adjust your mindset, optimize your strategy, and make an effort to seize the upcoming market trends; these six months are enough for you to achieve a true leap in wealth. Bull markets are not always present, don't let opportunities slip away from your sight. If you enjoy contracts, like analyzing charts, and researching techniques, click on my avatar. With years of experience and skills in the crypto space, I share them freely. I'm here in the community waiting for you, always online, welcome to discuss and improve together. #比特币价格走势分析 $BTC $ETH $SOL
Let's see how retail investors lose money in a bull market:
1. At the beginning of a surge: It’s rising so fast, can it really be a bull market? I’m a bit scared to invest more, let’s wait and see.
2. Continuing surge: Wow, the bull market is really here! It’s gone up so much, I’m hesitant to buy more, let’s just buy a little to test the waters and wait for a pullback to increase my position.
3. Surge to the peak: Increase my position!! Use leverage, 200,000 is not a dream, if I don’t get in now, it will be too late. 4. Beginning of a sharp decline: Technical adjustment, increase my position!!
5. Continuous decline: Start panicking and cut losses.
6. Ongoing downtrend: Trapped for 3 years.
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How should newcomers choose reliable cryptocurrencies? Here’s a brief summary from Jiu Ge (for reference)
1. First of all, exclude new coins because you cannot grasp them. Jiu Ge's approach to new coins is not much better than yours; aside from information and favorable news, it mostly depends on your luck. Yes, luck. You might enter at the bottom and soar, or you might enter and have to endure a few years at the peak, especially with those major projects (top-tier projects).
2. Look directly at the charts, it's simple and clear. Try to find those coins that have never fallen below their opening price. This will basically help you avoid coins that are delisted or have significant price drops. This is straightforward and very practical.
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How to adjust your mindset? In fact, mindset is an essential part of trading, and it is closely related to your profits and losses.
For example, when you see others making hundreds of thousands or even millions from a single trade, and then look at your own trade where you only made a few thousand, you might start to fantasize and imagine: why didn't I dare to go all in on this trade? Why do I feel like such a failure? Why is my profit so insignificant?
At this point, the issue is actually with your mindset.
In trading, you should never compare your earnings with others. Instead, compare entry points, position points, and position management. Such comparisons can help you improve gradually, and little by little, that progress can lead to a qualitative change.
There is a saying in the principles of being a person that applies equally to trading: "Do not do evil just because it is small, and do not neglect good just because it is small." In trading, this translates to: "Do not take small losses lightly, and do not disregard small gains." Especially for small capital, when you take profits frequently, your principal will gradually increase, and when you encounter certain opportunities, you will have the capital to create a qualitative change in your funds. When you take too many losses, your capital might disappear, and when opportunities arise, they will have nothing to do with you.
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In a bull market, you make 50%, while they make 200% or even 1000%, your anxiety will be infinitely amplified. Although in a bear market, you think making 30% would be enough.
Wanting to make ten times, and being able to make ten times, are two different dimensions. Anxiety distorts actions, and the result is likely to be a loss.
How to face desire is a lifelong compulsory course for everyone.
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In the season of altcoins during a bull market, we can observe several interesting phases. First, when the bull market starts, the coins that often surge are those you have never invested in, which might make you feel restless. Next, as market sentiment ferments, the second phase sees the coins you once held but couldn't stick with for various reasons skyrocketing, leading to inevitable regrets. However, the real 'crash' often occurs in the third phase. When you switch to chase the rising new coins, the once strong coins quietly pull back, trapping you; meanwhile, those coins you sold quietly surge, leaving people exclaiming, 'It’s truly helpless.' This situation of 'chasing highs and cutting losses' is common in the altcoin season of a bull market, reminding everyone to maintain patience and calm, and not to be swayed by the market's short-term fluctuations and emotions. Only by responding rationally can one seize real opportunities amidst volatility, and don't let the market's direction dictate your investment strategy. Remember, managing your mindset in a bull market is often more important than selecting coins!
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Why do bull markets often experience sharp declines?
This is mainly due to violent washouts.
In a bull market, retail investors have higher loyalty and stickiness. If there are no sharp declines, it is difficult to wash them out of the market; sometimes, consecutive sharp declines are even needed to make most retail investors sell off and exit.
Some may ask, why is it necessary to wash out retail investors?
Isn't it good for everyone to profit together in the cryptocurrency space?
However, that is not the case. In the absence of new capital inflows into the cryptocurrency space, if retail investors are not washed out, the main players will need to spend a lot of funds to raise the coin price.
Because during the process of raising prices, once retail investors make a profit, they will choose to exit, which significantly increases the resistance faced by the main players, as if the main players are 'carrying the sedan chair' for retail investors.
If retail investors are washed out through sharp declines and other means, after they all cut their losses and exit, the main players can not only realize profits but also further raise the coin price in the future.
In summary, the reason why there are many sharp declines in a bull market lies in the high stickiness of retail investors.
Therefore, if operational strategies are not appropriate during a bull market, the losses faced by retail investors may be even more severe.
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When you were a student, you thought that classmates who did poorly in school would end up miserable, like the teacher said, going to pick up garbage. As a result, they each ended up stronger than you, with their families having everything arranged. You don't understand; the sky has fallen, your worldview has collapsed, and you feel like the entire world has deceived you, and then you become depressed. Studying can slightly improve your already miserable fate, but it cannot change it. Blockchain can significantly improve our already miserable fate, and it may even change it. This is the charm of blockchain.
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The news in the cryptocurrency space appears to align with market trends. For example, during the main upward wave's distribution phase, this stage is primarily filled with positive news. A large amount of good news emerges, but when the market rises to resistance levels, it stops. Countless false breakouts occur. Retail investors see the breakout and chase in, but it always falls back down. After dropping to a certain point, it will consolidate for a long time. Like a smoke screen, good news deceives retail investors to jump in. At the same time, the overall FOMO sentiment of the bull market is in place, with a large number of retail investors entering the market to take over. In the end, a drastic negative news event occurs, directly crashing down. And retail investors are reluctant to cut losses and exit, ultimately getting trapped and leaving the market.
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The first is a distributed ledger: In a centralized world, all of our data, wealth, and even credit are stored in centralized institutions, like banks. But in a decentralized world, all information is stored in the ledger of each node. In a centralized world, if a centralized institution erases your information, you instantly lose everything; in a decentralized world, everyone has a ledger in hand, and our information is recorded in the ledgers of all nodes on the network, ensuring that information will never be lost.
The second is encryption: All activities on the chain are carried out through an address, which is absolutely encrypted and cannot be linked to a real person.
The third is immutability: Once our information is on the chain, it cannot be erased or tampered with.
The fourth is decentralization: All nodes contribute to the development of the ecosystem and have equal governance rights.
The fifth is tokens: This refers to the cryptocurrency we are currently discussing.
These 5 features are indispensable, and each one is very important. So what is the future of cryptocurrency? It is the proof of our participation in global activities.
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Several Conditions That Determine Whether a Trade is Successful 1. Can you determine the trend? 2. Do you place orders according to the risk-reward ratio? 3. Do you have strict stop-loss measures? 4. Can you follow the trend? 5. Do you have a strict execution plan? 6. Can you identify turning points in the trend? Everyone else can add more... If you are currently losing and don't know what to do, you can follow me; click on my profile to find me anytime. I share strategies for all contract and spot trading. Just to gain followers $BTC $ETH $SOL