The previous article mentioned the framework for screening 100x coins. This issue will talk about the method and logic of finding 100x coins.
1. Find tools for 100x coins and strong coins
lunarcrush.com
www.coingecko.com
https:// binance.com/zh-CN/markets
https:// aicoin.com
The above 4 websites should be checked every day. The purpose is to enable yourself to lock in strong currencies without understanding the fundamentals very well. The future 100x hot coins must be on these lists, but you still have to screen them, because many of these strong coins will not go far, and there are also many followers.
2. Screening 100x coins, strong coin logic (1)
The underlying logic is that the market is driven by funds. Where the funds are, there are hot spots and big explosions. Therefore, we must select the track where large funds are concentrated from the dazzling array of short-term strong coins, and focus on the leading coins in the track. Remember, hot spots are money printing machines! ! From the perspective of funds, if there are no new themes, the old hot spots will continue. If there are new themes, the old themes will be resolutely abandoned.
3. Screening 100x coins, strong coin logic (2)
Only new themes can gather the most sensitive and sharp funds in the market. This fund is in the billions. Wherever it goes, it will only violently pull up. As long as you can keep up with this fund, it is difficult not to make money. Follow the joint efforts, and you will have food and drink. In short, do new things instead of old things, especially in a bear market. The old hot topics in a bear market basically cannot go far because there is not much room for imagination.
4. Screening 100x coins, strong coin logic (3)
After understanding why you should invest in hot topics, you must first have certain basic capabilities. You need to know what the hot topics are in the crypto circle. What currencies are the Twitter influencers focusing on in the current community? Finally, you must have certain capabilities to do basic investment research on a project. You must know what this currency is? What practical problems can it solve? How big is its future potential?
5. Screening 100x coins and strong coins Logic (4)
On the technical level, how to use the above four website tools. First of all, Altrank of Lunarcrush is a very good screening tool for disconnected strong coins, locking the first and second rankings. Click on the specific coin, and after entering, you will find the relevant news of a certain coin. If there is good news, pay attention to it.
6. Screening 100x coins, strong coin logic (5)
Secondly, the coingecko trading volume increase list is more about selecting products with trading volume, because volume comes before price, only with volume can money come, and only with big money can there be movement. Then the Binance market overview page is more about the market sentiment within 24 hours, the summary of popular currencies, and it must be combined with several other websites. Finally, Alcoin recommends the app version. Click on the list to see the volume ratio list and the turnover rate list, and pay attention to the currencies on the list.
7. Screening 100x coins and strong coins logic (6)
Combine the above four tool websites to complete a general screening from a technical level, the purpose is to pick out the really hot currencies that have a high probability of generating long-term trends and have a hot soil. Combine the fundamental analysis with the technical judgment, filter all the strong currencies every day, and abide by our previous principle of "doing new, not old", and you have started.
8. How to trade 100x coins and strong coins
The general outline of the trading method can be summarized in one sentence: only chase the rise and buy low of super hot coins. In the bull market, the chasing method is mostly used, and in the bear market, most of them rely on buying low.
9. How to chase the rise? You can only chase the rise in a bull market. Chasing the rise in a bear market will kill you early. In theory, there is only one probability that you will lose money in chasing the rise in a bull market, that is, chasing at the highest point. You can make money in other probabilities. The skills of chasing the rise are not so much about the entry point, but you should first use the overall situation to determine that the current trend is upward. If you must say that there is an entry point, then the point of a new high or the point of breaking through an important resistance level with large volume are excellent entry positions.
10. How to buy low? In theory, buying low can be done in both bull and bear markets, and it is more in line with human instinct. However, buying low in a bull market may not be able to absorb enough stocks, and many times you want to wait for buying low, but you miss the opportunity when the stocks soar. Buying low in a bear market is the most suitable strategy. Buy at important support levels. For strong hot coins in a bear market, buying low near the daily MA5 is an excellent strategy.
11. How to improve your decision-making quality The decision-making process is divided into two steps: first, choose the knowledge as the basis for decision-making, including relevant facts ("what is the hot spot"), as well as your macro understanding of the causal mechanism behind the facts (why it became a hot spot? Who set up the game?). Then, determine the action plan based on this knowledge ("how to do it"), which requires you to repeatedly weigh different possibilities to imagine how to achieve the goals that meet your wishes.
12. In order to do the second step well, you need to comprehensively weigh the immediate results, subsequent results, and subsequent results, and when making decisions, you should not only see the short-term results, but also the long-term results. Never make a choice when you see it, no matter how good it looks. Instead, after getting enough information, get used to asking yourself: Am I understanding the relevant situation? Do I have all the information I need to make a decision?
13. Two-step decision making - first collect and understand information, then formulate trading steps. At the same time, in the trading process, harmful emotions most affect rational thinking, whether it is Fomo or fear, they will affect the quality of decision-making. It can also be understood as the low-level self (intuitive brain) driving away the high-level self (conscious brain). If the emotional brain controls the critical moment of your decision-making, then basically this decision will have a high probability of failure. #BinanceTournament #BTC