Treasure summary, waiting for the fated person to discover:
1. Bullish phase after a low position or golden cross on the daily chart
2. Bearish phase after a high position or death cross on the daily chart
Adhere to the above two points, only then will short and ultra-short lines make consistent profits; otherwise, even if you have stop-losses, you will face consecutive losses and ultimately risk liquidation.
Whether it’s moving averages, Bollinger Bands, MACD, KDJ, SAR, RSI, volume, or trend lines, I understand all of these and use them daily. I involve myself in daily chart analysis from minute charts to monthly charts. Bollinger Bands, MACD, and moving averages are relatively useful; others are supplementary. Some indicators can even mislead, which is a major reason analysts lose money; they have a deceptive nature. If you get too caught up in overbought and oversold indicators, you will lose.
At least it’s safer to go long with a golden cross on the hourly chart.
I find that most people in the square have misunderstandings about the volume of the liquidation chart. Furthermore, the liquidation chart can only serve as a supplementary tool to estimate how far the fuel can support.
Most news tends to be bearish.
Do not hold both long and short positions in a one-way market.
Do not go long after a new coin drops and shows a golden cross on the 4-hour chart; it’s likely to deceive those who understand indicators, with a false stretch followed by continued drops. Even a low position golden cross on the daily chart should be entered with a stop-loss.
You must maintain a good mindset and avoid chasing highs and cutting losses frequently. Be sure to wait for the peak and trough positions where you can set low stop-losses before entering trades; otherwise, even if you have great skills, you will face significant losses.
The more you know, the easier it is to panic; fearing this and that will prevent you from holding positions and showcasing your strengths. The US stock market and news can have an impact, but they cannot determine the original trend of Bitcoin.
Bitcoin is often the coin that suffers the most during downturns, with fluctuations of over ten percent compounded by high leverage easily leading to liquidation. Sometimes, when the chart looks bearish, it may even spike before dropping again. Clear out the short positions quickly before going long in the opposite direction. Without stable operations and with limited free time, avoid watching the square for ultra-short Bitcoin trades; you should at least operate on a daily chart level.
If you want stability, focus only on mainstream coins and altcoins you are familiar with; do not open multiple high-leverage positions simultaneously, or a sudden spike could be disastrous, negatively affecting your operations and leading to losses.
If you truly understand what I’ve mentioned above and delve into it, then you will be ahead of 99% of the people in the square. You won’t need to look at their posts or most misleading posts because you will be the expert yourself.
In the crypto world, financial loss can be heart-wrenching. I hope it helps you reach the shore and achieve your dreams soon.