In the cryptocurrency world, there used to be a confrontation between the East and the West. In the past, there would be market movements both during the day and at night, with most action occurring during Western hours, specifically between 21:30 and 7:30 Beijing time.
Significant price increases mostly happen in the early morning, so a qualified trader's schedule should start with sleeping at 20:00 and waking up at 4:00 to pay attention to trading.
1. If there is a significant drop during the day domestically, you must buy the dip, as foreigners will drive the market up at 21:30.
2. If there is a significant rise during the day, do not chase the price, as it will likely drop again at night.
3. The key signal for buying and selling is the pin bar; the deeper the pin, the stronger the buy and sell signals.
5. Major meetings or good news will generally lead to price increases, but once the news is out, prices will drop.
6. Discussions in group chats about coins can be enticing, and if everyone is excited, you are likely to get scammed, so consider taking the opposite action. If a coin is hot and trending, it’s a good time to short it.
8. If friends in the chat recommend something you don’t find interesting, it’s likely to take off; when in doubt, it’s worth trying a small amount.
9. When you hold a large position, you are likely to face liquidation. Why? Because you are on the exchange's watch list for liquidation.
10. After your short position's stop-loss is hit, the price will certainly drop; if they don't trick you out or blow you out, how will it drop? For example, TRB.
11. When you are close to breaking even, the rebound suddenly stops; why would they let you close your position and escape?
12. When you are in a loss, they will pump the price; if you don’t exit, how can they push it up? The position is too heavy.
13. When you are excited, a sudden drop will come as expected; your excitement is also a trap set by the market makers.
14. When you are broke, every project seems to be rising, making you FOMO and rush to enter.
So you understand that the market is manipulated over 80% of the time; besides controlling your position, you must also be proactive and firmly refuse to enter until you clearly understand the market maker's actions. Once you enter, you are at the mercy of the exchange, while they treat you as their prey.
Trading is a test of patience, composure, and timing. Let's grow together. The cryptocurrency world creates countless possibilities every day, and I hope this can be of assistance to you. Feel free to reach out.