Can you really make money in the cryptocurrency world? A common question for leeks.
Is this always the case?
1: Chase the rise and sell the fall, whatever you buy will fall, whatever you sell will rise?
2: Market FOMO sentiment, market sentiment trends, if it falls, it will be bearish, panic sentiment will follow the stop loss, if it rises, it will be bullish, FOMO sentiment will reappear and chase the rise, and the high point will be locked.
3: News spread by the market, chasing hot spots, beyond your own cognition, hearing XXX say how much this coin will be worth in the future, FOMO emotion appears and all-in, heavy investment.
4: Beyond cognition, a blind cat catches a dead mouse, and the mentality collapses and explodes. Everything you buy loses money, and you try all kinds of treatments in desperation. In the end, you see no hope and give up completely. When there is a little hope in your indifferent mentality, you become desperate again.
In fact, most people in the cryptocurrency circle are like this, not just you. They think that they are unlucky, have not met the right people, have insufficient capital, have been cheated, and lack knowledge. They think that the dealers are not human. When they lose money, they curse, but when they make money, they say that the dealers have patterns.
In fact, it all comes down to: insufficient knowledge, inability to control positions, lack of a good trading system, blindly taking actions, trying all kinds of methods, not knowing how to grasp highs and lows, only following the market, buying high and selling low, liking to watch the news, chasing after whatever is hot, and falling into a trap. Bad mentality, always wanting to get rich overnight...
Let’s take a look at God K’s quotes first
K God's Quotes:
1: We should be greedy when everyone else is fearful. We should be fearful when everyone else is greedy - Borrowing from Buffett
2: Don’t buy high, don’t sell low, sell more when the price goes up, buy more when the price goes down. Don’t make decisions based on market sentiment fluctuations. Buy when no one is interested, and sell when everyone is busy!
3: Don’t look for some news to comfort your emotions. Many people are buried in the news. Of course, there are also sensitive people who seize the opportunity to grasp the news and make a lot of money, but the probability of this is very small and rare, and most people are buried.
4: If you cannot achieve unity of knowledge and action, just be a simple executor and find a suitable strategist to follow for a long time (I am not talking about me, find one that suits you based on your own preferences and judgment). Some people in this market have skills. Don’t deny a person because of a temporary mistake. Try to follow him for a long time. No one is perfect, and there is no 100% god. Time can reveal the essence of a person.
Most people come to this market to make money, but the market conditions are changing rapidly, and not everyone has such good luck. They always want to get rich overnight, but in fact they end up losing money overnight. So after summarizing the reasons for their losses, stabilize their mentality, and use my naked K technology to find buying and selling points, it will be much easier.
As a left-side trader, the first thing you need to do is to predict the market trend in advance. This will involve certain risks, such as entering the market too early and missing out on the market. However, combining position management can effectively avoid this situation.
Several key points of naked K:
First: predict the future market trend, first predict the future high and low support, such as the following:
As shown in the figure: Last year, many people clearly shouted about bottom fishing in mid-July, buying all in at the low point of panic. Combining the panic sentiment in the market with the W bottom support of naked K technology and the simultaneous M bottom support, the bottom fishing signal was given, and a high point in the early 2000s was directly seen.
Second: Predict the next high and low points in advance
ETH is expected to rise in the next few days, and the market is expected to rise in the next few days, which is a good sign for the market to rise again.
Third: The direction of the upward channel and the downward channel should be combined with the market’s volume performance.
The reason for clearing the warehouse on 2.8 to escape the top was that the trend had just reached the defensive line position of the upper edge point. At the same time, combined with the inflection point position that appeared in advance in the news at that time, the risk was successfully avoided and the support point near 1480 was seen. The short position waited for a month and successfully grasped the lowest point in the 1360-1400 range to enter the first position. From the figure, it can be clearly seen that the time node reached by combining the previous low point and the support and defense position of 1360-1400 perfectly matched. At the same time, this position is also the cross point of the bottom support combination, and it also successfully responded to the perfect expectation of bottom-fishing in February and March predicted at the end of last year. However, there is a risk for left-side traders that when they can avoid risks in advance, they will also be out of the market in advance, resulting in missing out on the market in the future. This time, the market was out of the market in advance due to the prediction of the naked K technology to reach the high point of 1700. It was subsequently consolidated at the edge point in the high range, resulting in the defense of the high point of 2000 the day before yesterday. The straight line rose and broke through the current upper edge point position.
Fourth: Finding the buying and selling points is crucial
Simply combine the points of view, the surface is very clear in the picture
This is a combination of all the previous experiences and every successful grasp of the highlights, and all the previous predictions
There are several key points to learn in the naked K technology: W, M top and bottom, double top, double needle bottoming, golden needle closing, golden needle top,
The three-way edge point support and resistance predict the future trend
Time prediction of node turning points of upward channel and downward channel
Of course, the most important point is the volume, which I will not discuss here. Another thing is to combine it with position management.
This article ends here. I hope all K family members will remember K's words.