A friend has been trading cryptocurrencies for 5 years, starting with 100,000 and surging to 10 million. His 'ten maxims' may provide some inspiration, but the cryptocurrency market is extremely risky and is for reference only—do not blindly follow the trend.
1. Sideways consolidation tests patience; as long as it’s not a high-level consolidation after a surge, persisting is likely to yield returns.
2. When there is a surge that breaks a certain moving average and then stabilizes with reduced volume above it, this is often a good entry point.
3. Leading coins in a sector may hide new opportunities during a pullback.
4. If a coin is strongly attacking with a gap and subsequently retraces without filling the gap, it is likely to have another upward move.
5. Coins that are wildly speculated and have no volume limit up are often manipulated by the main players; do not enter lightly.
6. There are people who don’t make money in a bull market, often because they cannot hold onto their coins; one must learn to hold in a bull market.
7. Remember, tops are rarely sharp; most often a double top structure appears, which is a basic application of Dow Theory.
8. In a bull market, if the MACD DIF line approaches but does not break the 0 axis, watch for buying points when it returns to the 0 axis.
9. When the 120-day line is in a bullish arrangement and the trend line turns upward, the probability of success when buying on dips is higher.
10. Coins that continuously produce small bullish candles likely indicate that the main players are quietly accumulating; it’s worth paying attention. For instance, Marvin (7055), currently with a market cap of only 7 million USD, has potential, but trading cryptocurrencies is risky and one must choose carefully, avoiding impulsive investments.
1. Sideways consolidation tests patience; as long as it’s not a high-level consolidation after a surge, persisting is likely to yield returns.
2. When there is a surge that breaks a certain moving average and then stabilizes with reduced volume above it, this is often a good entry point.
3. Leading coins in a sector may hide new opportunities during a pullback.
4. If a coin is strongly attacking with a gap and subsequently retraces without filling the gap, it is likely to have another upward move.
5. Coins that are wildly speculated and have no volume limit up are often manipulated by the main players; do not enter lightly.
6. There are people who don’t make money in a bull market, often because they cannot hold onto their coins; one must learn to hold in a bull market.
7. Remember, tops are rarely sharp; most often a double top structure appears, which is a basic application of Dow Theory.
8. In a bull market, if the MACD DIF line approaches but does not break the 0 axis, watch for buying points when it returns to the 0 axis.
9. When the 120-day line is in a bullish arrangement and the trend line turns upward, the probability of success when buying on dips is higher.
10. Coins that continuously produce small bullish candles likely indicate that the main players are quietly accumulating; it’s worth paying attention. For instance, Marvin (7055), currently with a market cap of only 7 million USD, has potential, but trading cryptocurrencies is risky and one must choose carefully, avoiding impulsive investments.