An old leek who has been trading in the cryptocurrency circle for 7 years summarizes 5 laws! Full of dry goods, I hope it will be helpful to novices! Let you avoid detours! !
1. Fast rise and slow fall is accumulating chips
Rapid rise but slow fall means that the dealer is accumulating chips and preparing for the next round of rise.
2. Fast fall and slow rise is shipping
Rapid fall but slow rise means that the dealer is gradually selling and the market is about to enter a downward cycle.
3. Don’t sell at the top, and run away at the top if there is no volume
The top transaction volume is large, and it may continue to rise; but if the top transaction volume shrinks, it means that the upward momentum is insufficient, and leave as soon as possible.
4. Don’t buy at the bottom, but you can buy if the volume continues to increase
The bottom volume may be a relay of decline, which needs to be observed; continuous volume means that funds are constantly entering, and you can consider buying.
5. Trading in cryptocurrencies is trading emotions, and consensus is trading volume
Market sentiment determines currency price fluctuations, and trading volume reflects market consensus and investor behavior!
Here is a reminder for everyone! The trend of the cryptocurrency market is full of uncertainty and challenges, but it also contains potential opportunities. When investing in the cryptocurrency market, investors should fully understand the relevant risks, remain calm and rational, and respond to market changes with a sound strategy!
