Highly correlated with BTC trends, the 4-hour trend's eight-wave pattern is basically ending, with an A to B transition at the daily level, first looking at the 0.382 position, and then continuing upwards; if there is no breakthrough, then looking downwards again. The specific trend is shown in the picture.
I have made a lot of money in the cryptocurrency world. If I withdraw cash, will the bank ask about the source of the money?
That’s a good question. I will write a long article to explain in detail the risks of large withdrawals in the cryptocurrency world and how to avoid bank risk control when withdrawing funds! (Super comprehensive + practical) Whether you are a newcomer or an old hand in the cryptocurrency circle, there are many confusions about the withdrawal issue. Newcomers are afraid of not being able to withdraw money, and old hands are afraid of being cheated. If you are a newbie and only want to make small transactions, you don't have to worry about this. After all, the domestic OTC market is a peer-to-peer (C2C) transaction. Some people want to buy, and some people want to sell, so there will always be C2C transactions. At present, the C2C trading markets of Binance and OKX are still stable. If you find a reputable merchant and don't covet small profits, you can use it with peace of mind.
If you earn a lot of money in the cryptocurrency circle, will the bank inquire about the source of the money if you withdraw it?
Let's assume you earned 100 million. If you sell a lot of USDT every day and do not withdraw it, once you reach 5 million, the bank will call you and visit your home, asking you to buy wealth management products, trusts, and insurance, and to become a VIP gold card member. When you sell USDT on the platform, you will definitely encounter dirty money. Secondary money laundering isn't too much; it might be frozen for 3 days, but with this much in your account, you may be frozen for half a year. If you are involved in secondary money laundering, your funds may be frozen for 6 months or even confiscated. If the amount is not too much, you might recover by compensating 10%. If the amount is too large, you might end up in jail, and you won't be able to use the internet, open cards, or take loans for 5 years.
There is a dumbest way to trade in cryptocurrencies, but this method can almost eat up all the profits. Learn slowly. First of all, we should never do three things when trading in cryptocurrencies.
The first thing is to never buy when the price is rising. Be greedy when others are fearful, be fearful when others are greedy, and be able to buy when the price is falling, and make this a habit.
The second is to never suppress orders.
The third is to never be fully invested. After being fully invested, you will be very passive, and the market is not short of opportunities. The opportunity cost of being fully invested will be very high.
In addition, let’s talk about the six tips for short-term stock trading.
The first is that after the currency price consolidates at a high level, there will usually be a new high. And after this low consolidation, it will usually set a new low, so we have to wait until the direction of the change is clear before we make operations.
The second is not to trade when the price is sideways. Most people lose money in trading cryptocurrencies because they can’t do this simplest point.
The third is to buy the daily line when choosing the K line and closing the Yin line. When the market closes positive, we sell
The fourth is that the decline slows down, the rebound also slows down, and the decline accelerates the rebound.
The fifth is to build a position according to the pyramid buying method, which is the only constant in value investment.
The sixth is when a currency continues to rise. After a continuous decline, it will inevitably enter a sideways state. At this time, we don’t have to sell all the stocks at this high level, nor do we need to buy all the stocks at a low level. Because after consolidation, there will inevitably be a change in the market. If it changes from a high level to a low level, it is necessary to clear the position in time, anyway, it is necessary to advance in time.
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