Methods to trade cryptocurrencies with thousands or even millions!
1. If a strong coin falls for 9 consecutive days at a high position, be sure to follow up in a timely manner.
2. If any coin has risen for two consecutive days, be sure to reduce your position in a timely manner.
3. If any coin rises by more than 7%, there is still a chance for further gains the next day, you can continue to observe.
4. For strong bull coins, be sure to wait until the pullback is over before entering the market.
5. If any coin has been stagnant for three consecutive days, observe for another three days; if there is no change, consider switching.
6. If any coin fails to recover the previous day's cost price the next day, you should exit in a timely manner.
7. If there are three on the rise list, there must be five; if there are five, there must be seven. Coins that have risen for two consecutive days should be entered on dips; the fifth day is usually a good selling point.
8. Volume-price indicators are crucial; trading volume is the soul of the cryptocurrency world. When the coin price breaks out with increased volume at a low level, it needs to be paid attention to; if there is increased volume but stagnation at a high level, you should decisively exit.
9. Only choose coins that are in an upward trend for trading, as this maximizes your chances and avoids wasting time. When the 3-day moving average turns upwards, it indicates short-term rise; when the 30-day moving average turns upwards, it means medium-term rise; when the 80-day moving average turns upwards, it indicates major upward trends; and when the 120-day moving average turns upwards, it indicates long-term rise.
10. In the cryptocurrency world, small capital does not mean no opportunities. As long as you master the correct methods, maintain a rational mindset, strictly execute strategies, and patiently wait for opportunities, you can also achieve wealth resurgence on this land full of opportunities. Remember, while the cryptocurrency world is good, the risks are also high; only by continuously learning, summarizing experiences, and improving yourself can you go further!
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ETH conspiracy theory The monthly line is suppressed by the death cross. If it is pulled above 3300, it will become a golden cross, and the whole market will change. The best way for the dog dealer to keep the death cross is to keep eth around 3000-3150 until the end of the month. In this way, the monthly line will still be a death cross in November, and then violently rise in early December, leading the cottage into the main rising wave, and then smashing the market in the second half of the month. In this way, a needle will be left, and the monthly line will continue to cross, and everyone will enter the bear market happily
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Several Major Methods to Make Money in the Coin Circle: Being Proficient in All Three Can Easily Earn U!
Several major methods to make money in the coin circle: being proficient in all three can easily earn U! 1. National currency method: applicable in both bull and bear markets. The national currency method is the simplest but also the most difficult strategy. The simplest part is to just buy certain coins and hold them for more than six months or a year without any operations. Usually, the minimum return can reach ten times. However, beginners often want to switch coins or sell due to seeing high yields or significant price drops, and many find it hard to hold for a month without operating, let alone a year, which is also why this is the most difficult part.
2. Bull market chasing the dip method: only applicable in a bull market.
In the current cryptocurrency market, AI-related tokens are performing actively. Here are some key token analyses: 1. **Strong correlation concept with OPEN AI founders**: - **WLD** and **ARKM**: These two tokens have attracted market attention due to their close association with AI technology founders, showing potential for upward movement.
2. **Binance strong tokens**: - **FET (Fetch.ai)**: As one of the AI projects supported by Binance, FET has consistently maintained a stable upward movement characteristic, holding a solid position in the market. 3. **NVIDIA concept**: - **RENDER (RNDR)**: A token directly related to NVIDIA, gaining ongoing attention due to the growing demand for AI and graphics processing, is one of the leaders in the AI sector. 4. **New tokens**: - **ACT**: As a recently discussed AI Meme token, ACT has gained high popularity in the market, currently trading around $0.6, with clear financial support. Established projects like **Render (RNDR)**, **Fetch.ai (FET)**, and **Near Protocol (NEAR)** have performed excellently, particularly NEAR, which has shown a stable trend recently, demonstrating the market stability and relatively low risk of mature tokens, suitable for more conservative investors. Meanwhile, the new project **ACT** has garnered significant attention in the AI Meme sector, with substantial support below its price, indicating its popularity and potential for upward movement in the market.
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What is the reason that Bitcoin can't rise above 90,000 USD? Why is Ethereum weak? Is it a good time to buy BNB now? $BTC
Bitcoin is stuck around the 90,000 position, with institutions and Bitcoin ETFs continuously buying in. Last week, MicroStrategy (MSTR) bought 5.1 billion USD worth of Bitcoin. So why is that? The main reason is that early holders of Bitcoin have already made huge profits and have started to sell off and cash out at this historical high. However, institutions and ETFs are still buying; otherwise, Bitcoin would have already plunged below 80,000. The long-term buying by institutions means that a Bitcoin breakout above 100,000 is just a matter of time, while a market cap of 200,000 is quite challenging. A Bitcoin price of 120,000 is something to look forward to.
$ETH Ethereum is weak, and everyone actually knows the reason: the Ethereum Foundation is selling off, and Vitalik is preoccupied with romance, neglecting his duties. In the short term, there probably won't be many opportunities for ETH. But with so many holders in the Ethereum community, I believe reaching 5000 is absolutely not a problem. You can dollar-cost average and extend the investment period.
BNB rose from 200 to 701 USD last time, but this time it's performing rather mediocrely, and there must be a reason behind it. However, with the current low price, it's definitely a good long-term hold, with a target price of 1000 USD.
$SOL has continuous positive news, and meme trading on the SOL chain is active, aiming for a target price of 500 USD. But I believe the meme craze is starting to fade away. Buying now poses a significant risk, as it originally had no real value. Pepe tokens can decline by 90% in a bear market, and now everyone is frantically buying high meme coins. Perhaps there will still be 10x meme coins in the secondary market, but I don't want to take that risk anymore.
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A must-read for newcomers in the cryptocurrency circle! A guide to avoiding pitfalls and keeping your funds safe!
1 Don't touch small currencies Most small currencies are tools for cutting leeks and may return to zero at any time! Coins with small market capitalization and unfamiliar names are particularly dangerous. Newcomers are advised to focus on mainstream coins!
2 Don't expect to get rich overnight The era of ten-fold and hundred-fold coins is gone. Now, being able to double steadily is a master. The primary goal of novices: not to lose money!
3 Choose a wallet carefully Large funds should be placed in well-known wallets first, and exchanges are risky; small wallets have frequent cases of running away, so be sure to choose a reliable platform!
4 Don't play ultra-short-term The cryptocurrency circle fluctuates violently, and short-term operations are extremely risky. Instead of chasing ups and downs, it is better to hold the assets in your hands steadily and reduce the frequency of transactions.
5 Set stop-profit and stop-loss Set rules for your own transactions: leave the market decisively when it falls to a certain point, and resolutely stop profit when it rises to the target. The core reason for losses in the bull market is not knowing how to exit in time!
6 Don't take all your belongings into the market The cryptocurrency circle is extremely risky, so be sure to invest with spare money! Try a small amount of money first, don't take risks with living expenses or life-saving money.
7 Continuous learning to improve cognition The key to making money is to improve your cognitive level! If you don't understand, learn, and keep an eye on industry trends to avoid stepping on mines!
The road to the currency circle is steep, but only by abiding by the rules, studying hard and acting prudently can you survive in this market!
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Five Iron Rules for Trading in a Bull Market, Remember Them!
If the price rises quickly and falls slowly, that means accumulation. If the price of the coin shoots up but falls slowly, it's likely that the market maker is quietly accumulating stock, preparing for another surge.
If the price falls quickly and rises slowly, it's a signal to sell. Conversely, if the price of the coin drops rapidly but crawls back up like a snail, that may indicate that the market maker is quietly selling off, and the market is about to turn bearish.
When the volume is high at the top, don't rush to sell; when the volume is low, run away without hesitation. When the price is high and the trading volume is still surging, don’t rush to sell; there might still be opportunities. But if the trading volume shrinks to a line, it's time to withdraw, as the price has lost momentum.
When the volume is high at the bottom, don't act hastily; wait for sustained volume increase before taking action. When the trading volume suddenly increases at the bottom, don’t rush to buy, as that may just be a pause in a downward trend. If the trading volume continues to rise steadily, then it's worth considering entering the market.
Trading cryptocurrencies is about understanding people's sentiments; trading volume reflects everyone’s attitude. The ups and downs of coin prices are driven by market sentiment; trading volume is a manifestation of collective agreement among participants. Follow it for a sense of security.
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In the currency circle, only when you can analyze the market trend independently can you remain calm about the ups and downs of the market and remain calm about the fluctuations of the market. Act decisively at the right time, without hesitation or delay, which comes from the confidence in your own trading system, that is, always only participate in those markets that are within your ability and can be understood, rather than being driven by greed to pursue profits beyond your ability. In short, it is to insist on trading within your own cognitive scope. Trading is not a means of getting rich overnight, but through reasonable profit accumulation, long-term, stable and sustainable growth can be achieved, thereby ensuring the continuous growth of wealth.
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This strategy is based on the concept of price breaking through key support or resistance levels. Traders closely monitor these critical points on the chart and quickly buy or sell when the price breaks through these levels.
2. Trend Following:
The trend-following strategy involves identifying the main trends in the market and trading in the direction of the trend. Traders primarily use moving averages to determine the direction of the trend and enter when the trend begins and exit when the trend ends.
3. Reversal Trading:
This strategy is based on market sentiment and price action. Traders look for signs that the market may reverse, such as candlestick patterns, head and shoulders, or double tops and bottoms, and then trade in the opposite direction at potential reversal points.
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In the world of trading, those who can achieve stable profits have often gone through an extremely lonely period. Trading is like being thrown onto a deserted island, and that sense of loneliness can be suffocating. If you are single, it may be relatively easy to have trading as your companion, but you may also remain lonely forever. If you have a wife and children, the extreme poverty phase that comes with trading can easily lead to family separation. Trading is anti-human; it is also a form of practice. On this path of practice, every stage is filled with challenges. As you struggle in trading, the uncertainty of the market and the weaknesses of human nature constantly test you. The pain of losses and the difficulty of decision-making are burdens that you must bear silently. In the pursuit of stable profits, you need to constantly reflect, learn, and adjust your strategies; this process is long and arduous. When you truly reach a state of stable profits, you will find that your perspective is out of sync with the current society. This is because your way of thinking and decision-making patterns have undergone significant changes through the trials of trading. This loneliness is both an achievement and a price to pay. However, it is this lonely journey that shapes successful traders. Without it, it is hard to reach the state of stable profits. On the path of trading, loneliness is the norm, but it is also a catalyst for growth. Only by bravely facing loneliness and continuously surpassing oneself can you sail toward the shores of success in the ocean of trading. Click on the profile picture to follow me, and I will share market strategies and various contract and spot reference points for free. Be my fan, and I will help you reach the shore; you just need to relax.
The wind has really changed! As strong as Binance is, the listing of value coins is basically going down all the way, and there is no buying. When listing meme coins, whether there is a community or not, it is often 500 million or 1 billion.
If the leader of a large track with high global attention basically starts at 1 billion, everyone dares to rush and is willing to rush.
It is not difficult to understand that with sufficient chips turnover and a good narrative, the entire currency circle funds form a synergy, and new coins of 0-10 billion are indispensable in this round.
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What would be the return if you invested $100 when Dogecoin (DOGE) launched?
Dogecoin (DOGE) has been making headlines in the market over the past month. This meme coin has transformed from being marginalized to the highest-gaining currency of the month. Over the past month, this asset has surged by up to 155%. Considering this growth, the community is reflecting on 2013, the year Dogecoin first debuted. At the current price, a well-calculated investment back then would have turned into a fortune.
The Current Status of Dogecoin
Since its inception in 2013, Dogecoin has skyrocketed by 65973.99%. Billy Markus and Jackson Palmer created this asset. Originally intended as a token to parody Bitcoin (BTC), the token has gained popularity over time due to its loyal following.
As of the time of writing, Dogecoin is trading at $0.3697, with a 6% increase in the past 24 hours. Additionally, Dogecoin rose by 32% last week. Dogecoin's price reached $0.4359, setting new highs for the month and the year. Over the past year, the price of this cryptocurrency has fluctuated between $0.07028 and $0.4359.
Furthermore, in recent years, this meme coin has failed to reach its peak. Notably, the current increase is the closest it has been since then. DOGE is nearly 50% lower than its all-time high of $0.7376.
From $1 Million to $1 Million?
It is noteworthy that on December 15, 2013, the price of Dogecoin was $0.0002993 per DOGE. Investing $100 in the meme coin market would yield 334,896 DOGE. Considering the growth over the years, this investment would generate substantial profits.
Given that Dogecoin is currently priced at $0.3697, the $100 invested when it was trading at $0.0002993 in 2013 is now worth $123,873.16.
Some believe that Dogecoin could soon soar to $1. If this scenario unfolds, the returns on this meme coin could significantly increase.
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Is the U.S. planning to sell gold and hoard Bitcoin?
A senator ally of the 'understanding king' proposed that the Federal Reserve sell off some gold and buy 1 million Bitcoins as part of the Bitcoin strategic reserve that the 'understanding king' wants to establish.
At first glance, this seems absurd, but there is actually theoretical support for it. Every cycle of excessive dollar issuance, the U.S. looks for a new anchor. The Bretton Woods system was gold, then it became oil, and now it's U.S. Treasury credit.
However, as U.S. Treasury credit decreases, the U.S. will inevitably need to find a new anchor to absorb the excess dollars. Of course, Bitcoin is too volatile to serve as an anchor for fiat currency, but the U.S. could primarily anchor to U.S. Treasuries, with a portion anchored to Bitcoin, and then use Bitcoin as the next reservoir for dollars, driving up its price to maintain the relative stability of the dollar.
Another advantage of Bitcoin: this thing is a virtual asset, which will not have a severe impact on the real economy, because it is not needed in the production and sales processes. As long as it is not circulated, even at $1 million per coin, it will not trigger hyperinflation.
As the most pure and powerful financial capitalism in human history, one should never underestimate the ability of Americans to manipulate financial assets. Just like us, we are the most powerful industrial country in human history, possessing production capacity that the entire world cannot match, so no one should underestimate China's production capability.
Originally, the two sides complemented each other perfectly: the U.S. uses money to buy our products, and we make money through production and manufacturing, which is simply a match made in heaven. But now, the U.S. wants to drive the manufacturing industry back through capital; while we want to promote the internationalization of the Renminbi through products to break free from dependence on the dollar, leaving us at an impasse. Don't ask me what to do; I don't know what to do either. I can only hope one side generates power with love, just like Minister Ma.
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Do not touch the contracts! Do not touch the contracts! A lesson learned from a loss of 5 million! If you insist on playing contracts, be sure to remember the following key points!
1. Playing contracts is essentially a gamble of small vs. large, losses are common. After a stop loss, there are two types of people: one will frantically open positions, while the other will enter a cooling-off period. If you frequently face stop losses, it's advisable to calm down, pause trading, and adjust your strategy.
2. Don't rush for success; trading is not a path to overnight wealth. Stay calm when losing, do not rush to open positions, and definitely do not go all-in.
3. It's crucial to identify the major trend. If the market shows a one-sided trend, you must follow the trend and not go against it, as this is the root of losses. Both beginners and veterans can trade against the trend, but once the market trend is established, going against it often leads to heavy losses, so learn to go with the trend and patiently wait for opportunities to trade again.
4. You must manage your risk-reward ratio well; otherwise, it will be hard to profit. Ensure that your profits are greater than your losses, and only consider opening a position if the ratio is at least 2:1.
5. Frequent trading is a major taboo in contracts. If you are not an expert, you must restrain the impulse to blindly open positions. New traders are often very enthusiastic about the market and want to seize every opportunity, but most "opportunities" will lead to losses.
6. Only make money within your understanding; this is very crucial.
7. Do not hold onto losing positions, as this is a major taboo for contract beginners. Beginners must ensure they implement stop losses; holding onto positions is the beginning of a downward spiral, and remember not to hold onto losing positions.
8. Don't get carried away when you’re making a profit; getting carried away can easily lead to losses.
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In this bull market, I can clearly see several lines and a logic.
One logic: the change in the way tokens are produced brings new assets with wealth effects, all from the on-chain meme, which is the DeFi of this cycle.
Several main lines Political line: Musk's doge, and the exchange meme track overflowed by doge; Economic line: AI, the lifeblood of US stocks, corresponding to the AI track of the currency circle; Meme infrastructure: Sol, and other public chains that learn Sol, similar to the alts L1 of the previous cycle.
My position Political line: pnut, neiro Economic line: act Meme infrastructure: Sol
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To become a qualified trader, you must keep in mind the following points Heavy positions will lead to death Blindly adding positions with floating profits will lead to death 1. Blindly following the trend will lead to death 2. Not knowing how to stop loss will lead to death 3. Frequent trading will lead to death 4. Borrowing money to speculate in coins will lead to death 5. Emotional operations will lead to death 6. Ignoring fundamentals will lead to death 7. Pursuing short-term interests will lead to death 8. Not setting up an investment plan will lead to death 9. Not continuing to learn will lead to death 10. Not respecting the market will lead to death Summary: To become a qualified leek, you must stick to principles and invest rationally in order to move forward steadily in the wave of the coin circle.
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Don't be greedy in trading cryptocurrencies, remember these pieces of advice, and you'll navigate the crypto world without problems!
First: Don't average down to make big profits, just to minimize losses. If you're stuck, don't think about getting back to even with a rebound; that's asking for trouble. Averaging down is to reduce losses, don't let a temporary loss cloud your judgment.
Second: Calm markets hide risks, don't be fooled by stability. The market can change at any moment; one day it could turn upside down. Remember, after a big rise, there will definitely be a correction. Pay attention to the K-line forming triangles, if it rises too much, a correction is inevitable, and don't get stuck at high positions.
Third: The timing of buying is very important, buy on bearish candles and sell on bullish ones. Be brave to buy when others panic, and decisively sell when others are euphoric. Experts operate against the market trend, not chasing highs or cutting losses.
Don't sell on peaks, don't buy on dips, and don't act during sideways markets. Pay attention to resistance and support levels in price movements to have a solid understanding.
Fourth: Having a full position is a big taboo, flexibility is key. The cryptocurrency market changes quickly, and position management is the way to succeed; being flexible is essential to thrive.
Fifth: Mindset is very important, greed and fear are the enemies. Chasing rises and cutting losses will only lead to greater losses; staying calm is the only way to stand firm in the market.
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