In the cryptocurrency world, there used to be a confrontation between the East and the West. There would be market movements both during the day and at night, with most activity occurring during Western hours, specifically between 21:30 and 7:30 Beijing time.
Major price increases usually happen in the early morning, which means a qualified trader should sleep at 20:00 and wake up at 4:00 to monitor trading.
1. If there is a continuous decline during the daytime domestically, you must buy the dip, as foreign traders will push prices up at 21:30.
2. If there is a significant rise during the day, do not chase the price, as it will likely drop back at night.
3. The key signal when buying and selling is the pin bar; the deeper the pin, the stronger the buy or sell signal.
5. Major meetings or positive news will cause prices to rise, but they will fall once the news is confirmed.
6. In group discussions, when someone passionately recommends buying a coin, it often leads to a pitfall, so consider counter trading. If a coin is very hot, you can short it immediately.
8. If a friend recommends something you find uninteresting, it’s likely to take off; when you have doubts, it might be worth trying with a small amount.
9. When you have a large position, you are likely to get liquidated; why? Because you are on the exchange's watchlist for liquidations.
10. After your stop-loss on a short position is triggered, the price is sure to drop; if they don’t trick you out or squeeze you, how can it drop? For example, TRB.
11. When you are about to break even, and it’s just a little bit away, the rebound suddenly stops. How could they let you close your position and escape?
12. When you stop losing, the market will rise; if you don’t exit, how can they pump the price? The position is too heavy.
13. When you are excited, a waterfall of losses will arrive as expected; your excitement is also a bait from the market makers.
14. When you are broke, every project seems to be rising, making you FOMO and rush to enter the market.
So you understand that the market is manipulated with over 80% probability. In addition to controlling your position, you must act decisively and firmly refrain from entering the market before confirming the market makers' actions. Once you enter, you are just meat on the chopping board for the exchange.
Trading is a test of patience, resolve, and timing. Let's encourage each other. The cryptocurrency world creates endless possibilities every day, and I hope this can be of some assistance to you. Feel free to communicate.