The dumbest but most stable way to trade cryptocurrencies actually boils down to six rules. Remember them, and you'll earn more by living longer.
Short-term six rules:
🔹 High position consolidation often leads to new highs, while low position fluctuations can easily test the bottom again.
🔹 Do not operate during consolidation; wait for direction confirmation before taking action.
🔹 Enter on bearish candles, exit on bullish candles; follow the rhythm of the candlesticks.
🔹 Slow declines lead to slow rebounds, while sharp declines lead to quick rebounds.
🔹 Build positions using the pyramid method; increase your holdings as prices drop.
🔹 After consecutive rises and falls, there is often consolidation; prolonged consolidation must change, so watch for direction.
Move less, take it slow, focus on logic; don’t treat opportunities as enthusiasm to throw money at. Trading cryptocurrencies is a battle of endurance.
Short-term six rules:
🔹 High position consolidation often leads to new highs, while low position fluctuations can easily test the bottom again.
🔹 Do not operate during consolidation; wait for direction confirmation before taking action.
🔹 Enter on bearish candles, exit on bullish candles; follow the rhythm of the candlesticks.
🔹 Slow declines lead to slow rebounds, while sharp declines lead to quick rebounds.
🔹 Build positions using the pyramid method; increase your holdings as prices drop.
🔹 After consecutive rises and falls, there is often consolidation; prolonged consolidation must change, so watch for direction.
Move less, take it slow, focus on logic; don’t treat opportunities as enthusiasm to throw money at. Trading cryptocurrencies is a battle of endurance.