Today we will analyze the trend of CRV from the market trend:
Judging from the current market trend, CRV is still in the bearish downward attack stage, and there is no obvious signal of stopping the decline.
There are pictures within pictures and pictures outside pictures. The large cycle is composed of countless small cycles. The large cycle will restrict the small cycle, and the small cycle will also evolve into a large level. Let's continue to look at the trend of the daily level:
After a long period of decline, a long black candlestick with a huge lower shadow appeared on the daily chart, the price broke a new low, and the slope was steep. However, these clues cannot be used to determine whether it is the cathode-yang birth stage.
There are no obvious stop-loss and reversal signals at the daily level.
Therefore, for the current position, we cannot just look at the price falling so much and start blindly entering the market to buy at the bottom. That would be extremely risky and equivalent to leaving no way out for ourselves. In case the subsequent market continues to break new lows, will you choose to cut your losses or hold on?
Therefore, we need to pay close attention to the stop-loss and reversal signals at the daily level, once the daily level verifies that there are more clues of the bottom.
Then we formulate a strategy based on the level of trading we want to do.
If it is a long-term investment, then after the market stops falling, we can choose to build positions in batches according to our actual situation. We must build positions in batches instead of going all in.
The reason for choosing to build positions in batches is that if this position does not stabilize, there is a possibility of breaking new lows in the future. In this case, the remaining positions will continue to wait until a reversal signal appears before entering the market.
If there is no further break of new lows in the future, then this phased position building can also help us avoid missing out.
When you are sure that the market is going to rise, then build the remaining positions. This is the right-side transaction that many people can understand. Although the profit may be less, it is more stable.
This strategy of building positions in batches is also included in the trading system I have learned. The same is true for building positions and for cashing out at the top in the later bull market. According to the market trend, you can take profits and sell them in batches to lock in the profits in advance and then put the money in pocket to avoid the roller coaster ride of wealth in the bull market.
The advantage of doing this is that no matter how the market fluctuates in the future, we will not be passive and can attack or defend.
Investing in the cryptocurrency world does not mean you can make money just because you want to. If you want to make more money, you will completely ignore the risks in the market.
At any time, the first thing we pay attention to is risk. Only when all risks are avoided, what remains is the profit we can get.
Just like the current market of CRV, as long as the daily level stabilizes, looking for buying and selling points in four hours, that is the time to enter the market. In the end, whether to do long-term, medium-term or short-term investment depends on the individual and is based on one's own actual situation.
For more points and specific operations, g Zhonghao: Encrypted 77 #CRV $CRV
