A fellow crypto trader said he lost 200,000 yuan in this ETH and BTC crash. To be honest, nobody saw this crash coming—not those who got stuck holding coins, nor those who were liquidated or stopped out. The U.S. government: 12,267.02 BTC, worth about $1.006 billion, was transferred from the address holding funds seized from the Bitfinex hacker and sent to an exchange to be dumped. Sudden black-swan events can happen at any time in this market. If you’re heavily invested, make sure you have stop-losses in place; if you’re using a smaller position, manage it carefully. These are absolutely crucial—the core of it all!
I’ve been trading crypto for over 10 years. I started with 50,000 and now enjoy a little financial freedom. I’ve relied on steady trading with half-sized positions to earn consistent monthly returns. I’m sharing these valuable tips with you, so be sure to save them! Six situations to stay out of, and four situations to hold on through:
Six situations to stay out of:
1. Don’t touch a coin that keeps falling and hasn’t stabilized above its 60-day moving average. Follow the trend. If a coin keeps dropping, wait and see; we can reconsider when it turns around.
2. Don’t buy a coin that gets good news after it has already risen. Good news often signals it’s time to sell. If good news comes out after a coin has already gone up, the big players may be getting ready to cash out.
3. Don’t chase a coin that has surged too quickly and moved far above its 5-day moving average. Coins that rise too fast also carry greater risk, and buying at the top can leave you stuck holding the bag.
4. Don’t take a risk on a coin that suddenly gaps up at a high price. A gap up at a high level can be risky; the big players may be quietly selling off.
5. Avoid coins with a turnover rate above 30%. An excessively high turnover rate means buyers and sellers are fighting fiercely, so stay clear of this volatile market for now.
6. Don’t be fooled by a coin that keeps holding up despite a poor overall market. A coin being pushed higher when the market is weak is probably just a smokescreen.
Four situations to hold on through:
1. Keep holding coins with an RSI between 50 and 80. An RSI in the middle-to-high range suggests the coin still has momentum, so holding on could bring further gains.
2. Don’t rush to sell a coin that has jumped up from a low. A gap up signals strong bullish momentum, so wait and see if it can keep rising.
3. Hold tight to coins in an upward trend. Follow the trend: the longer you hold a coin in an uptrend, the more you can earn.
4. Don’t sell too quickly if a coin’s holdings are concentrated in one place. When the holdings are clustered together, the big players may still be planning to push the price higher. There’s no rush to sell before it reaches a higher level.
Reading the trend clearly is much more reliable than guessing! I’m Cheng. I specialize in short- and medium-term futures trading, as well as medium- and long-term spot portfolio strategies. I share investment tips regularly: @程总趋势论
I’ve been trading crypto for over 10 years. I started with 50,000 and now enjoy a little financial freedom. I’ve relied on steady trading with half-sized positions to earn consistent monthly returns. I’m sharing these valuable tips with you, so be sure to save them! Six situations to stay out of, and four situations to hold on through:
Six situations to stay out of:
1. Don’t touch a coin that keeps falling and hasn’t stabilized above its 60-day moving average. Follow the trend. If a coin keeps dropping, wait and see; we can reconsider when it turns around.
2. Don’t buy a coin that gets good news after it has already risen. Good news often signals it’s time to sell. If good news comes out after a coin has already gone up, the big players may be getting ready to cash out.
3. Don’t chase a coin that has surged too quickly and moved far above its 5-day moving average. Coins that rise too fast also carry greater risk, and buying at the top can leave you stuck holding the bag.
4. Don’t take a risk on a coin that suddenly gaps up at a high price. A gap up at a high level can be risky; the big players may be quietly selling off.
5. Avoid coins with a turnover rate above 30%. An excessively high turnover rate means buyers and sellers are fighting fiercely, so stay clear of this volatile market for now.
6. Don’t be fooled by a coin that keeps holding up despite a poor overall market. A coin being pushed higher when the market is weak is probably just a smokescreen.
Four situations to hold on through:
1. Keep holding coins with an RSI between 50 and 80. An RSI in the middle-to-high range suggests the coin still has momentum, so holding on could bring further gains.
2. Don’t rush to sell a coin that has jumped up from a low. A gap up signals strong bullish momentum, so wait and see if it can keep rising.
3. Hold tight to coins in an upward trend. Follow the trend: the longer you hold a coin in an uptrend, the more you can earn.
4. Don’t sell too quickly if a coin’s holdings are concentrated in one place. When the holdings are clustered together, the big players may still be planning to push the price higher. There’s no rush to sell before it reaches a higher level.
Reading the trend clearly is much more reliable than guessing! I’m Cheng. I specialize in short- and medium-term futures trading, as well as medium- and long-term spot portfolio strategies. I share investment tips regularly: @程总趋势论