A friend has been trading cryptocurrencies for 5 years, starting with 100,000 and rising to 10 million. His 'Ten Commandments' may provide inspiration, but the cryptocurrency market is highly risky and is for reference only; do not follow blindly.
1. Sideways fluctuations test patience; as long as it’s not a high-level consolidation after a surge, sticking it out is likely to yield returns.
2. When a certain moving average is broken with increased volume, and then stabilizes above with decreased volume, this is often the entry point.
3. The leading coins in a sector may hide new opportunities during a downward correction.
4. If a coin strongly attacks with a gap, and later retests without filling the gap, it is likely to have another upward trend.
5. Those coins that have skyrocketed several times without volume limits are often just the main force 'shifting hands'; do not easily enter the market.
6. Even in a bull market, some people do not make money; the common reason is that they cannot hold onto their coins; in a bull market, one must learn to hold positions.
7. Remember, tops are rarely sharp; most often, a double top structure will appear; this is a basic application of Dow theory.
8. In a bull market, when the MACD DIF line approaches but does not break the 0 axis, it is worth paying attention to buy points when it returns to the 0 axis.
9. When the 120-day line is in a bullish arrangement and the trend line turns upward, the probability of winning when buying on dips is relatively high.
10. Coins that continuously produce small bullish candles likely indicate that the main force is quietly accumulating; worth noting. For example, Marvin (7055), currently has a market value of only 7 million USD, has potential, but the risk of trading cryptocurrencies is high; be cautious in your choices and do not invest impulsively.
1. Sideways fluctuations test patience; as long as it’s not a high-level consolidation after a surge, sticking it out is likely to yield returns.
2. When a certain moving average is broken with increased volume, and then stabilizes above with decreased volume, this is often the entry point.
3. The leading coins in a sector may hide new opportunities during a downward correction.
4. If a coin strongly attacks with a gap, and later retests without filling the gap, it is likely to have another upward trend.
5. Those coins that have skyrocketed several times without volume limits are often just the main force 'shifting hands'; do not easily enter the market.
6. Even in a bull market, some people do not make money; the common reason is that they cannot hold onto their coins; in a bull market, one must learn to hold positions.
7. Remember, tops are rarely sharp; most often, a double top structure will appear; this is a basic application of Dow theory.
8. In a bull market, when the MACD DIF line approaches but does not break the 0 axis, it is worth paying attention to buy points when it returns to the 0 axis.
9. When the 120-day line is in a bullish arrangement and the trend line turns upward, the probability of winning when buying on dips is relatively high.
10. Coins that continuously produce small bullish candles likely indicate that the main force is quietly accumulating; worth noting. For example, Marvin (7055), currently has a market value of only 7 million USD, has potential, but the risk of trading cryptocurrencies is high; be cautious in your choices and do not invest impulsively.