The cryptocurrency market used to be a confrontation between the East and the West. There would be market movements both during the day and at night, with the main activity occurring during Western hours, specifically between 21:30 to 7:30 Beijing time.
Major price increases typically happen in the early morning.
1. During the day, if there is a significant drop, it’s essential to buy the dip; at night around 21:30, foreign traders will pump the price.
2. If there is a major price increase during the day, do not chase the price, as it will likely drop back at night.
3. The key signal for buying and selling is the pin bar; the deeper the pin, the stronger the buy or sell signal.
5. Major meetings or positive news often lead to price increases, but once the news is out, the price will drop.
6. In group discussions, if someone promotes a coin enthusiastically, be cautious; you might get trapped and should consider taking the opposite position. If a coin is trending hot, it may be a good time to short it immediately.
8. If a group member recommends a coin and you are not interested, it is likely to take off; when in doubt, you might try a small position.
9. When you hold a large position, you will definitely get liquidated; why? Because you are on the liquidation list that the exchange is closely monitoring.
10. After you complete your stop-loss on a short position, it will definitely drop; how could it fall if it doesn't trick you out or get you liquidated? For example, TRB.
11. When you are close to breaking even, just a little more, and the rebound suddenly stops, how could they let you close your position and run?
12. When you take profits, the price will drop; if you don’t exit, how can they pump the price? The position is too heavy.
13. When you are excited, a sharp drop will come as expected; your excitement is also a trap set by the market makers.
14. When you are out of funds, every project seems to be rising, making you FOMO and rush to enter.
So you understand, the market is manipulated with over 80% probability; besides controlling your position, you must also act decisively. Make sure not to participate before being clear about the market makers' actions; once you enter, the exchange is the butcher and you are the fish.
Trading is a test of patience, determination, and timing; let’s encourage each other. The cryptocurrency market creates countless possibilities every day, and I hope this helps you. Feel free to reach out.