Yesterday I had a drink with a senior cryptocurrency investor. He shared his legendary experience of starting with 300,000 yuan, losing to only 70,000 yuan, and now having tens of millions of assets. He believes that persistent learning and improving cognition are the keys to changing your destiny. He also generously shared 6 valuable investment experiences, which I deeply feel are invaluable and hope to bring some inspiration to you who are reading this.
1. When there is a sharp drop in the early trading, there is no need to rush to stop loss. This is usually an overreaction caused by the negative news the night before, and there will often be opportunities for repair and reversal in the future. When there is a sharp rise at the end of the trading, you should be cautious about chasing the rise, because some major funds will use test trading and induce more means, and there may be a situation of low opening and suppression to absorb funds the next day.
2. Make full use of the important technical indicator of trading volume. By observing the changes in trading volume, we can gain insight into the future market trend. If the stock price continues to rise with a shrinking volume, it means that the main force has a strong control over the market; while a decline in trading volume may mean that the panic has not been fully released and the freezing point has not been reached, so the stock price may continue to fall.
3. Learn to observe the structural characteristics of the top of the sector. Usually, the sector market will go through the formation process of five waves: the first wave attracts followers, the second wave is for washing and adjustment, the third wave is the main rising wave, the fourth wave has complex divergences, and the fifth wave is the stage of lifting and selling. In this process, the third wave often has the largest increase, followed by the first wave, and the fifth wave is the lowest. However, it should be noted that the market changes a lot, and not all sectors will complete these five waves. Therefore, when observing the changes in the strength of the leading sector stagflation and the compensatory rally, be alert to the possible arrival of the top.
4. Every time Bitcoin reaches its top acceleration period, there will be a surge in altcoins in a certain sector, which often triggers a reversal of Bitcoin. At this time, we can observe whether the performance of major leading coins stops falling and rises, so as to judge whether the index will follow suit and rise.
5. For investors who have just entered the market, single-mindedness is the key to getting started quickly. Studying and mastering one investment strategy and technique is much more effective than learning multiple methods at the same time. Too much greed leads to loss, and it is easy to suffer losses in the market if you are not good at learning. Therefore, it is recommended that novice investors, after choosing a strategy, calm down and study and practice it, and gradually improve their investment level.
6. Market trends can be divided into three structures: rising, falling and sideways. In the rising stage, the effectiveness of most technical indicators will increase; in the consolidation stage, it will be more effective to use support and resistance levels to buy low and sell high; in the falling trend, most indicators may fail. Therefore, investors need to choose appropriate tools and strategies to deal with different market stages.
Having experienced the ups and downs of the market, I hope to provide an umbrella to protect friends who are exploring the world of cryptocurrency. I am Qiu Ge, let us work together on the road of the cryptocurrency circle#BTC走势分析 
