#Meme #WIF #BTC
Five strategies for bull markets:
1. Currency holding strategy: suitable for bull and bear markets
This is one of the simplest and most difficult strategies. After purchasing one or more cryptocurrencies, hold them for half a year or even more than a year without trading. Although the income from this method may not be too high, it is possible to obtain at least ten times the income. However, newbies can easily be tempted by high returns or want to sell when the price of a coin drops. It can be difficult for many people to go a month without trading, let alone a year.
2. Chasing the rise and killing the fall strategy: only applicable to bull market
In a bull market, use part of your idle funds (preferably no more than one-fifth of the total funds) to buy cryptocurrencies with a market capitalization between 20 and 100. Once the price of a currency rises by 50% or more, it can be exchanged for another currency that has plummeted, and the cycle continues. However, this strategy is difficult to control, so novices need to be cautious.
3. Hourglass rotation strategy: suitable for bull markets
In a bull market, buy various cryptocurrencies and money will continue to seep into each currency like an hourglass. Usually, the leading currency rises first, followed by the mainstream currencies, and then other currencies that have not risen. This strategy requires constant observation of the market and selection of currencies that have not risen too much to build positions.
4. Pyramid bargain hunting strategy: suitable for predictions of sharp plunges
When prices plummet, a pyramid-style bottom-buying strategy can be adopted. Establish multiple buying points based on different prices. For example, buy one-tenth of the position when the price drops to 80%, buy two-tenths of the position when the price drops to 70%, and so on.
5. Moving average strategy: you need to understand the basics of K-line
Use moving average indicators, such as MA5, MA10, MA20, MA30, MA60, etc., and select the daily level for observation. When the current price is above the MA5 and MA10 lines, hold; when MA5 falls below MA10, sell; when MA5 rises below MA10, buy and build a position.
