Old Wang has been in the crypto space for over 10 years and gives some advice and warnings to newcomers: worth collecting and studying repeatedly!
1. Platform selection
Only use Binance**, do not touch other shady altcoins. If there is indeed an altcoin you want to buy,
2. Do not trade contracts*, but you need to understand contracts.
What is a contract? A contract is the buying and selling in traditional financial markets, but in the cryptocurrency market, its leverage can go up to 125x.. (ridiculously high) What we mean by not trading contracts is that we don't want you to trade high-leverage contracts because high-leverage contracts carry extreme risks. It can be said that if the leverage is too high, no matter who you are, you will have to leave your money to the house. But why should you understand contracts?
What I mean is, you need to know the basic knowledge of contracts to prepare for the upcoming bull market. I resist you using high leverage, but I support you learning low leverage. For example, when the bull market comes, you open a three-fold or five-fold contract. Isn't this a cost-effective wealth accumulation model? If you don't understand the operation mode of contracts, you are also unqualified as a person in the crypto world.
III. Do not chase highs or lows. Chasing highs and lows in any market is a big taboo. When you see a rise, you want to chase; when you see a drop, you want to cut. In the crypto world, every coin can have significant price fluctuations, so remember, do not chase highs and lows. If a coin has skyrocketed, just observe; entering when 80% of the time is a follow-up (20% can benefit from the adjustment, see for yourself).
Trust your own judgment; if a coin has plummeted and you happen to hold it, set a stop loss. If it breaks below, let it go. Do not sell just because it drops two points. Believe in this coin, set a tolerable stop loss, and unless it hits the stop loss, do not cut your position. Also, after any take profit or stop loss action, do not look back at the market, as it affects your mindset.
IV. Do not over-invest recklessly. Do not over-invest recklessly. Do not use money that affects your生活 to enter this circle; over-investing recklessly leads to two outcomes.
The first outcome is bankruptcy and debt; the second outcome is reaching the pinnacle of life (think about whether you have this fate. I have seen those who gamble recklessly end up in ruins).
Except for those who are completely g-ed, another type is to invest with spare money. Never enter with money you can't afford to lose, as that is no different from pursuing a PhD.
V. Fraud Prevention: There are many scammers in the crypto space. Here are a few common ones:
1. Directly private message * your, block all, 100% scammers.
2. Private placements in the primary market without background, 95% are scam projects or broken projects.
3. Pixiu Plate +, Liuxiu Plate refers to being able to buy but not sell. Every time you play at level one, remember to check whether the contract address is safe.
4. Those who take you to play contracts simply want to eat your losses. Just scold them directly!
5. Fishing links +. Never authorize unknown links; wallets are easily hacked.
VI. The choice of track is very important. Don't just click on skill trees; there are many ways to play in the crypto world: spot +, DeFi, low-quality coins +, chain games +, NFTs, and more.
New, airdrop +, staking +, etc. However, remember, you are not here to click on skill trees; you are here to make money.
You don't need to participate in every track; that will certainly lead to more losses than gains, as the money in the crypto space is made for deep researchers in each track, not for dabblers like you. Speaking for myself, I participated in everything and later found that I was unable to save myself.
VII. Do not try to make mistakes on your own; listen to what others say, put aside your prejudices. The cost of making mistakes on your own is too high. In this circle, one wrong step can lead to losing everything. Listen to others' opinions, put aside your prejudices, and do not underestimate anything.
As for the previous brc20, to be honest, I really look down on those who play this; I first saw this mechanism in March and felt this was purely a purple gold plate. I did not participate. However, later this thing directly broke my cognition, and I paid for my prejudice.
The cost of being empty is that I brushed past freedom once again. Therefore, when you come to this tool, you must have a learning mindset, put aside your prejudices, and learn slowly.
VIII. The most critical weapon in the crypto world: doubling up your capital. Regardless of which track you are participating in, whether spot or futures, or even low-quality coins, remember one iron rule: always double your capital! No one can eat the head of a fish and tail! For spot, you can invest regularly.
It can be held for a long time! However, this kind of volatile low-quality coin requires you to double your capital! Because the team leader has repeatedly turned profits into losses! Don't worry about missing out on profits. Not losing is profit! When doubling, withdraw your capital and let the profits...
Roll! This way, it's gone, and the capital is still there! Doubling up is easy to say but particularly difficult to execute; human nature is like this. So everyone should weigh it carefully. (The same goes for contracts! After doubling, take half of your capital out).
My trading method is very simple and practical. I made it to eight figures in just one year, only focusing on one pattern, entering the market only when I see the opportunity, and not trading without a pattern. I have maintained a win rate of over 90% for five years!
More time should be spent fishing and exercising. From entering the crypto space with 50,000 to making 10 million, then going into debt of 8 million, and now profiting 20 million, achieving financial freedom in nearly two years from May 24, 2022, to November 10, 2024. I hope to provide some practical and useful advice to those who have just entered the crypto circle!
Survival Guide for Ordinary Office Workers
As an ordinary office worker, with no time, no energy, and no spare money, finding a suitable strategy becomes particularly precious.
This guide is written for these ordinary office workers. I hope you can read it seriously and then work hard to practice!
Survival Guide Step 1: Choose coins.
In the crypto space, there are thousands of coins, which are like people: there are scammers, poor performers, top performers, and potential stocks. What we want are potential stocks, but identifying such potential stocks requires time and energy, which you may not have. Therefore, directly choosing top performers is a safe bet; they may not allow you to experience a meteoric rise, but at least they are stable and reliable.
Bitcoin is this top student; choosing it is never wrong!
Survival Guide Step 2: Save money.
As an ordinary office worker, with all income coming from salary, and the salary is always not enough, saving money becomes a must.
Every time you spend, consider whether it's necessary. Can you avoid spending? Can you replace it with something cheaper?
Saving 10% of your salary every month is enough, and don’t let it affect your life too much.
Survival Guide Step 3: Buy and hold.
Every month, at a fixed time, use the money saved from the previous month to buy Bitcoin. Do not think about whether there are better options, and do not consider waiting if the price has risen this month. When the time comes, this should be the highest priority, buy directly.
After buying, find a safe place to store it; do not consider when to sell.
Survival Guide Step 4: Stay Away.
For the remaining time this month, stay away from the market, stay away from any news in the market, focus all your energy and time on your job, and use your extra energy on family life.
What you want is to make life simpler and not find yourself a tiring job.
Survival Guide Step 5: Continuous Learning.
In daily life, take a little time every day to learn, read books, listen to lectures, participate in training, whether related to your job or not, as long as you can learn new knowledge and grow yourself.
Continuously learning and growing makes oneself more valuable, and the salary earned increases.
Survival Guide Step 6: Loop.
Continuously cycle through the above steps two to five until you have no doubts about the strategy. In the crypto world, time won't be too long. Basically, experiencing a complete cycle over four to five years is enough.
After four to five years, decide whether to continue implementing this strategy, and consider whether there are better options. Before this time, just force yourself to stick to this guide.
Then it's over. The strategy itself is not difficult; the hard part is applying it in real life, so practice is always the most important and challenging part.
But it's worth it for a better life in the future!
I am Huihui. After experiencing multiple bull and bear markets, I have rich market experience in multiple financial fields. Here, I penetrate the maze of information to discover the real market. Grasp the opportunities for wealth, discover truly valuable opportunities, and do not miss out on regrets!
In the digital currency market, technical analysis is a crucial indicator for predicting short-term market trends, commonly known as the candlestick chart. Regardless of whether you believe in or advocate for technical analysis, understanding candlestick charts is very necessary.
Not understanding candlestick charts and casually gambling is a big taboo in the crypto world! Excluding technical issues like technical patterns, indicators, and long-short battles, a coin's price trend, trading volume, lowest point, and highest point are all basic information that can be reflected in candlestick charts.
What is a candlestick?
The candlestick chart is a must-learn for entering all secondary markets. We also call the candlestick chart a Japanese candlestick chart. It originated during the Tokugawa shogunate in Japan, invented by Munehisa Homma, and was first used to record rice market prices. Later, due to its detailed and unique drawing method, it was introduced to stock and futures markets. Through candlestick charts, we can see changes in the market's opening price, closing price, highest price, and lowest price over a certain period.
What can I gain from the candlestick chart?
It can help you make better investment strategies, guiding you to choose the best time to buy and sell. For believers in holding coins, being able to understand is also necessary, as the trading interfaces of major exchanges are dominated by candlestick charts.
What information can I get from the candlestick chart?
Through the candlestick chart, you can see the price trend over a specific period (30 minutes, 1 hour, 1 day, 1 week) including opening price, closing price, highest price, and lowest price. You can also see the fierce historical battles between bulls and bears.
Key points
Composition of the candlestick chart
The main components of the candlestick chart are two: bullish candlestick and bearish candlestick.
Each candlestick represents four prices for the day: highest price, lowest price, opening price, and closing price. The part between the opening and closing prices is drawn as a 'rectangular entity'.
The upper and lower prices are connected to form a candlestick by connecting the highest and lowest prices.
When the closing price is greater than the opening price, the body is green, and the price rises; we call this a bullish candlestick.
When the closing price is lower than the opening price, the body is red, and the price drops; we call this a bearish candlestick.
Most exchanges and analysis software in the crypto world represent bullish candlesticks with green and bearish candlesticks with red. Generally, a bullish candlestick represents the buyers (buying), while a bearish candlestick represents the sellers (selling).
When the buying power today exceeds the selling power, then today's candlestick on the daily chart is a bullish candlestick (green bar).
Taking the daily chart as an example: if the buying power today exceeds the selling power, then today's candlestick on the daily chart is a bullish candlestick (green bar). Conversely, if a bearish candlestick appears, it indicates stronger selling power.
If a bearish candlestick (red bar) appears, it indicates stronger selling power.
Note: In the Chinese stock market, bullish candlesticks are red and bearish candlesticks are green. In some diagrams, bullish candlesticks may be represented as solid bars, while bearish candlesticks are hollow.
What is a shadow line?
The shadow line is the thin line at the upper and lower ends of the candlestick, indicating the difference between the highest and lowest prices of the day and the closing price. The longer the upper shadow line, the greater the upward resistance; the longer the lower shadow line, the greater the downward resistance. Regardless of whether it is a bearish or bullish candlestick, the straight line protruding upward from the body is called the upper shadow line, while the straight line protruding downward is called the lower shadow line.
What is a long-short battle?
Bulls and bears are two factions, with bulls representing the green faction and bears representing the red faction. They have different views; bulls believe the price will rise, while bears believe it will fall, leading to frequent battles. The green faction consists of those who are bullish on the price; they will buy.
The selling faction is a group of people who are bearish on the price, and they will sell, causing the price to fall.
In each time period, battles occur. If the sellers win, the price will drop, and the candlestick chart will show red. If the buyers win, the price will rise, and the candlestick chart will show green.
Achieving significant advantages indicates strong power. The larger the entity shown in the candlestick chart, the weaker the resistance for the green side, indicating that the resistance caused to the red side is too small, resulting in short candlestick shadows.
Small bullish star, small bearish star
A. Small Bullish Star:
Indicates that the price fluctuations throughout the day are minimal, and the opening price is very close to the closing price with the closing price slightly higher than the opening price.
The appearance of a small bullish star indicates that the market is in a state of confusion, and future rises and falls cannot be predicted. At this time, you should refer to the previous candlestick patterns.
Comprehensive judgment based on the shape of the combination and the price area at that time.
B. Small Bearish Star:
The chart of a small bearish star looks similar to that of a small bullish star, except that the closing price is slightly lower than the opening price. It indicates that the market is weak, and the direction of development is unclear.
Small bullish candlestick, small bearish candlestick
C. Small Bullish Candlestick:
Its fluctuation range is smaller than the bullish star, slightly favoring the bulls, but the upward momentum is weak, indicating that the market development is uncertain.
D. Small Bearish Candlestick:
Indicates that the sellers are in a suppressive state, but the force is not great.
Bullish Candlestick, Bearish Candlestick
E. Bullish Candlestick:
① If a bullish candlestick appears in a low price area, it manifests as the price probing the bottom on the intraday chart, then gradually rising with simultaneous increase in trading volume.
Large, indicating the beginning of an upward market trend. It shows that the price exhibits a bottoming process with shrinking transactions, gradually climbing as the price rises.
High, with trading volume expanding evenly, ultimately closing as a bullish candlestick, indicating a bullish outlook for the future. If it appears during an upward trend,
Indicates continued optimism for the future market.
② If a hanging man candlestick appears in a high price area, it may indicate that the main force is raising prices to sell, so be cautious.
F. Bearish Candlestick:
If this type of line appears in a low price area, it indicates that intervention from bargain hunters is causing signs of a rebound, but the strength is not great.
Lower Shadow Bullish Line, Lower Shadow Bearish Line
G. Lower Shadow Bullish Line:
Its appearance indicates that during the battle between bulls and bears, the buyers' attacks are stable and powerful, leading to a drop followed by a rise in price, suggesting further upward potential.
H. Lower Shadow Bearish Line:
When appearing in a low price area, it indicates strong support at the lower end, and the price may rebound.
Upper Bullish Candlestick, Upper Bearish Candlestick
I. Upper Shadow Bullish Line:
When the buyers are attacking, it indicates that there is heavy selling pressure above. This pattern is common in the main force's trial actions, indicating that there are many floating chips at this time.
The momentum is not strong.
② Indicates that the bullish momentum is blocked and receding, with heavy selling pressure above. Whether it can continue to rise remains unclear.
J. Upper Shadow Bearish Line:
When appearing in a high price area, it indicates severe selling pressure, weak market conditions, and the price may reverse and decline; if it appears in a mid-price area...
When appearing during an upward trend in a high price area, it indicates that there is still upward space in the future.
Bullish Candlestick with No Upper or Lower Shadow, Bearish Candlestick with No Upper or Lower Shadow
K. Bullish Candlestick:
Indicates very strong upward momentum, but at high price levels, there is a divergence between buyers and sellers, so caution should be exercised when purchasing.
L. Lower Shadow Bearish Line:
The appearance of a bearish candlestick indicates that the price has rebounded somewhat, but heavy selling pressure at the upper end leads to a bearish closing.
Bullish Candlestick with a Head and Shoulders Pattern, Bearish Candlestick with a Head and Shoulders Pattern
M. Bullish Candlestick with a Head and Shoulders Pattern:
The buyers have taken the lead and there has been a continuous upward trend, with the price steadily rising in conjunction with trading volume, indicating a bullish outlook for the future.
② Similarly, if a bullish candlestick appears and the price trend shows a sudden increase at the end of the day after being mostly flat or declining, it indicates a potential gap up followed by a decline.
③ If the price trend shows a wide range of fluctuations throughout the day, with a surge at the end resulting in a bullish close, it may indicate that the main force is washing away the passengers through fluctuations and then easily pushing the price higher, with a bullish outlook for the future.
N. Bearish Candlestick with a Head and Shoulders Pattern:
In contrast to the above hanging man candlestick situation, it indicates a higher possibility of the price declining.
Bullish Candlestick with No Upper or Lower Shadow, Bearish Candlestick with No Upper or Lower Shadow
O. Bullish Candlestick with No Upper or Lower Shadow:
Indicates that the buyers have firmly controlled the market, gradually pushing up, exerting pressure, and the upward momentum is strong.
P. Bullish Candlestick with No Upper or Lower Shadow:
If the price trend shows a flat, with a sudden volume drop at the end, it indicates that the sellers ultimately took the dominant position in the battle, and the likelihood of opening lower is high.
If the price trend of a coin shows a continuous downward trend, it indicates that the sellers have a significant advantage, and the buyers are unable to resist, leading to a gradual decline in price and a bearish outlook for the future.
T-Shape Line, Inverted T-Shape Line
QT-type line:
When appearing in a low price area, it indicates strong support at the lower end, and the price may rebound.
R. Inverted T-Shape Line:
When appearing in a high price area, it indicates severe selling pressure, weak market conditions, and the price may reverse and decline.
If it appears during an upward trend in a mid-price area, it indicates that there is still upward space in the future.
Doji Star
S. + Doji Star:
This type of line is commonly referred to as a trend-reversal doji star, and whether it appears in a high or low price area, it can signal a change in the previous trend.
Summary of candlestick types
In addition to the above 19 categories of candlesticks, we can also categorize candlesticks based on their bodies and shadows, mainly dividing them into four major categories.
: A candlestick with no upper or lower shadows is called a bullish candlestick with no shadows.
Indicates that one party has the upper hand among buyers and sellers, becoming the dominant force in market transactions.
: A small bearish and bullish entity with no upper or lower shadow.
The closing price is the highest or lowest price, and the opening price is the lowest or highest price. The fluctuations are limited, and the struggle between buyers and sellers is not intense.
When the candlestick is bullish, the buyers have a slight advantage; when it is bearish, the sellers have a slight advantage. It generally appears in price consolidation and price gaps.
When opening lower or higher, it is not meaningful during consolidation periods. When a significant gap appears in the crypto market, its significance is extraordinary, indicating that...
One side has achieved a comprehensive victory, while the other side has collapsed entirely.
: A bullish candlestick with no upper or lower shadows.
Most often appears during an upward trend in the crypto market, with the price continuously rising. Although there are corrections, it quickly resumes rising, showing that buyers are determined to push the price up.
: A large bearish candlestick with no upper or lower shadow.
Most often appears during price declines, opposite in meaning to the above.
In the digital currency market, technical analysis is a crucial indicator for predicting short-term market trends, commonly known as the candlestick chart. Regardless of whether you believe in or advocate for technical analysis, understanding candlestick charts is very necessary.
Not understanding candlestick charts and casually gambling is a big taboo in the crypto world! Excluding technical issues like technical patterns, indicators, and long-short battles, a coin's price trend, trading volume, lowest point, and highest point are all basic information that can be reflected in candlestick charts.
The price trends, trading volume, lowest point, and highest point of the coin can all be reflected in the candlestick chart.
What is a candlestick?
The candlestick chart is a must-learn for entering all secondary markets. We also call the candlestick chart a Japanese candlestick chart. It originated during the Tokugawa shogunate in Japan.
The candlestick chart was invented by Munehisa Homma, originally used to record rice market prices, and later introduced into stock and futures markets due to its detailed and unique drawing method. Through candlestick charts, we can see the changes in the market's opening price, closing price, highest price, and lowest price over a certain period.
What is the use of the candlestick chart for me?
It can help you make better investment strategies, guiding you to choose the best time to buy and sell. For believers in holding coins, being able to understand is also necessary, as the trading interfaces of major exchanges are dominated by candlestick charts.
What information can I get from the candlestick chart?
Through the candlestick chart, you can see the price trend over a specific period (30 minutes, 1 hour, 1 day, 1 week), including opening price, closing price, highest price, and lowest price. You can also see the fierce historical battles between bulls and bears.
Key points
Composition of the candlestick chart
The main components of the candlestick chart are two: bullish candlestick and bearish candlestick.
Each candlestick represents four prices for the day: highest price, lowest price, opening price, and closing price. The part between the opening and closing prices is drawn as a 'rectangular entity', while the highest and lowest prices are connected to form the candlestick.
When the closing price is greater than the opening price, the body is green, and the price rises; we call this a bullish candlestick.
When the closing price is lower than the opening price, the body is red, and the price drops; we call this a bearish candlestick.
Most exchanges and analysis software in the crypto world represent bullish candlesticks with green and bearish candlesticks with red. Generally, a bullish candlestick represents the buyers (buying), and a bearish candlestick represents the sellers (selling). The stronger side will appear in the candlestick chart. Taking the daily chart as an example: if the buying power today exceeds the selling power, then today's candlestick on the daily chart is a bullish candlestick (green bar); conversely, if a bearish candlestick (red bar) appears, it indicates stronger selling power.
Note: In the Chinese stock market, bullish candlesticks are red and bearish candlesticks are green. In some diagrams, bullish candlesticks may be represented as solid bars, while bearish candlesticks are hollow.
What is a shadow line?
The shadow line is the thin line at the upper and lower ends of the candlestick, indicating the difference between the highest and lowest prices of the day and the closing price. The longer the upper shadow line, the greater the upward resistance; the longer the lower shadow line, the greater the downward resistance. Regardless of whether it is a bearish or bullish candlestick, the straight line protruding upward from the body is called the upper shadow line, while the straight line protruding downward is called the lower shadow line.
What is a long-short battle?
Bulls and bears are two factions; the bulls represent the green faction, and the bears represent the red faction. They have different views; the bulls believe the price will rise, while the bears believe it will fall, leading to frequent battles. The green faction consists of those who are bullish on the price; they will buy.
The bulls believe the price will rise, while the bears believe it will fall, leading to frequent battles. The green faction consists of those who are bullish on the price; they will buy, raising the price.
In each time period, battles occur. If the sellers win, the price will drop, and the candlestick chart will show red. If the buyers win, the price will rise, and the candlestick chart will show green.
Achieving significant advantages indicates strong power. The larger the entity shown in the candlestick chart, the weaker the resistance for the green side, indicating that the resistance caused to the red side is too small, resulting in short candlestick shadows.
If the resistance is too small, the shadow line displayed on the candlestick chart will be very short.
Small bullish star, small bearish star
A. Small Bullish Star:
Indicates that the price fluctuations throughout the day are minimal, and the opening price is very close to the closing price with the closing price slightly higher than the opening price.
The appearance of a small bullish star indicates that the market is in a state of confusion, and future rises and falls cannot be predicted. At this time, you should refer to the previous candlestick patterns.
Comprehensive judgment based on the shape of the combination and the price area at that time.
B. Small Bearish Star:
A small star's chart looks similar to a small bullish star, but the closing price is slightly lower than the opening price. It indicates weak market conditions, and the development direction is unclear.
Small bullish candlestick, small bearish candlestick
C. Small Bullish Candlestick:
Its fluctuation range is smaller than the bullish star, slightly favoring the bulls, but the upward momentum is weak, indicating that the market development is uncertain.
D. Small Bearish Candlestick:
Indicates a bearish trend but not with great force.
Bullish Candlestick, Bearish Candlestick
E. Bullish Candlestick:
① If a bullish candlestick appears in a low price area, it manifests as the price probing the bottom on the intraday chart, then gradually rising with simultaneous increase in trading volume, indicating the start of a bullish market. It shows that the price exhibits a bottoming process with shrinking transactions, gradually climbing as the price rises.
Indicates continued optimism for the future market.
② If a hanging man candlestick appears in a high price area, it may indicate that the main force is raising prices to sell, so be cautious.
F. Bearish Candlestick:
If this type of line appears in a low price area, it indicates that bargain hunters' intervention is causing signs of a rebound, but the strength is not great.
Lower Shadow Bullish Line, Lower Shadow Bearish Line
G. Lower Shadow Bullish Line:
Its appearance indicates that during the battle between bulls and bears, the buyers' attacks are stable and powerful, leading to a drop followed by a rise in price, suggesting further upward potential.
H. Lower Shadow Bearish Line:
When appearing in a low price area, it indicates strong support at the lower end, and the price may rebound.
Upper Shadow Bullish Line, Upper Shadow Bearish Line
K. Bullish Candlestick:
Indicates a strong upward momentum, but there is a divergence between buyers and sellers at high price levels, so caution should be exercised when purchasing.
L. Lower Shadow Bearish Line:
The appearance of a lower shadow bearish line indicates that the price has rebounded somewhat, but heavy selling pressure at the upper end leads to a bearish closing.
Bullish Candlestick with a Head and Shoulders Pattern, Bearish Candlestick with a Head and Shoulders Pattern
Bullish Candlestick with a Head and Shoulders Pattern
Bullish Candlestick with a Head and Shoulders Pattern
M. Bullish Candlestick with a Head and Shoulders Pattern:
① The buyers have taken the lead and there has been a continuous upward trend, with the price steadily rising in conjunction with trading volume, indicating a bullish outlook for the future.
② Similarly, if a bullish candlestick appears, the price trend shows a sudden rise at the end of the day after most of the time being flat or declining, indicating potential upward gaps.
Indicates a potential gap up followed by a decline.
③ If the price trend shows a wide range of fluctuations throughout the day, with a surge at the end resulting in a bullish close, it may indicate that the main force is washing away the passengers through fluctuations and then easily pushing the price higher, with a bullish outlook for the future.
Easily. This platform integrates various trading scenarios, such as centralized exchanges, decentralized exchanges, wallets, communities, etc.
N. Bearish Candlestick with a Head and Shoulders Pattern:
In contrast to the above hanging man candlestick situation, it indicates a higher possibility of the price declining.
Bullish Candlestick with No Upper or Lower Shadow, Bearish Candlestick with No Upper or Lower Shadow
O. Bullish Candlestick with No Upper or Lower Shadow:
Indicates that the buyers have firmly controlled the market, gradually pushing up, exerting pressure, and the upward momentum is strong.
P. Bearish Candlestick with No Upper or Lower Shadow:
If the price trend shows a flat, with a sudden volume drop at the end, it indicates that the sellers ultimately took the dominant position in the battle, and the likelihood of opening lower is high.
If the price trend of a coin shows a continuous downward trend, it indicates that the sellers have a significant advantage, and the buyers are unable to resist, leading to a gradual decline in price and a bearish outlook for the future.
T-Shape Line, Inverted T-Shape Line
Q. T-Shape Line:
When appearing in a low price area, it indicates strong support at the lower end, and the price may rebound.
R. Inverted T-Shape Line:
When appearing in a high price area, it indicates severe selling pressure, weak market conditions, and the price may reverse and decline.
If it appears during an upward trend in a mid-price area, it indicates that there is still upward space in the future.
Doji Star
S. Doji Star:
This type of line is commonly referred to as a trend-reversal doji star, and whether it appears in a high or low price area, it can signal a change in the previous trend.
Summary of candlestick types
In addition to the above 19 categories of candlesticks, we can also categorize candlesticks based on their bodies and shadows, mainly dividing them into four major categories.
: A candlestick with no upper or lower shadows is called a bearish candlestick with no shadows.
Indicates that one party has the upper hand among buyers and sellers, becoming the dominant force in market transactions.
: A small bearish and bullish entity with no upper or lower shadow.
The closing price is the highest or lowest price, while the opening price is the lowest or highest price. If the fluctuations are limited and the struggle between buyers and sellers is not intense, when the candlestick is bullish, the buyers have a slight advantage; when it is bearish, the sellers have a slight advantage. It generally appears in price consolidation and price gaps.
When opening lower or higher, it is not meaningful during consolidation periods. When a significant gap appears in the crypto market, its significance is extraordinary, indicating that one side has achieved comprehensive victory while the other side has collapsed entirely.
: A bullish candlestick with no upper or lower shadows.
Most often appears during an upward trend in the crypto market, with the price continuously rising. Although there are corrections, it quickly resumes rising, showing that buyers are determined to push the price up.
: A large bearish candlestick with no upper or lower shadow.
Most often appears during price declines, opposite in meaning to the above.
Must-watch for traders: A summary of over 60 tools.
Directory
Commonly Used Tools
Market sentiment observation website
Routine Web3 Data Tracking
Token Sniping / Bots
Tracking trading addresses
Trading tools
Airdrop tools
I. Commonly Used Tools
1. Rootdata:
Query information related to Web3 project financing, as well as the project team's background.
Official website: www.rootdata.com/zh
2. crunchbase:
A community-driven database endorsed by TechCrunch, freely accessible to everyone, making it easy to browse and edit detailed information about tech companies, industry leaders, and investors.
Official website: www.crunchbase.com
3. cypherhunter:
Similar to a database of crypto industry projects, consolidating basic information about projects, connections to well-known individuals, institutional information, etc.
Official website: www.cypherhunter.com/zh-hans/fundraising/
4. dropstab:
This tracker is quite convenient; it helps you track cryptocurrency prices and investment situations, and also allows you to see various charts and analyses.
The best part is that it also has an airdrop section that lists some popular airdrop projects, giving you a chance to scoop up some extra benefits.
Official website: dropstab.com/ico-roi
5. coincarp
The CoinCarp website is quite comprehensive; it provides market dynamics for over 20,000 cryptocurrencies globally, as well as significant events like new coin releases, wallet rankings, and various cryptocurrency data analysis and news.
Official website: www.coincarp.com/
6. crypto-fundraising
dovemetrics* is a practical primary market financing information platform, but after being acquired by Messari, it became a paid service. In contrast, crypto-fundraising is a great alternative. Additionally, defilama's raises are...
The capital information sector is also a good option among similar products.
Official website: crypto-fundraising.nfo..
7. cryptorank
This tool monitors the wallets of over 100 funds and wealthy individuals who have made a fortune.
Official website: cryptorank.io/funding.r..unds
8. Chain Broker +
This platform specializes in collecting various financing activities related to cryptocurrencies, whether early seed rounds or subsequent private placements, strategic investments, IDOs, and IEOs. It can also tell you which investment institutions are the most active and which blockchain projects attract the most funding.
I think the ChainBroker website is quite impressive. The on-chain data it provides is comprehensive and highly valuable. Whether it’s price trends, community activity, or token distribution, it has all the data to evaluate project investment value. You can analyze from a micro price perspective or predict from the macro industry trends. Basically, with this one website, you can handle most of the project research work.
Official website: chainbrokerio/funds/
9. coinmarketcap
CoinMarketCap is a website that specializes in tracking the prices of various cryptocurrencies, providing a reliable reference for everyone.
This website was founded in May 2013 by a guy named Brandon Chez, and since then, it has quickly become the most trusted data source for families, institutions, and media. Whether it's major media outlets like CNBC and Bloomberg or the U.S. government conducting research and reports, they all use CoinMarketCap's data.
CoinMarketCap is the most trusted data source for families, institutions, and media. Whether it's major media outlets like CNBC and Bloomberg or the U.S. government conducting research and reports, they all use CoinMarketCap's data.
Then in April 2020, CoinMarketCap was acquired by Binance Capital Mgmt. Binance is a global blockchain company and the largest digital asset trading platform in the world. Their vision is to make it easier for more people to enter the cryptocurrency field and to enhance the importance of this market globally.
After the acquisition, CoinMarketCap plans to leverage Binance's rich resources to acquire more in-depth data on projects, reducing information imbalance in the market.
Official website: coinmarketcap.com/
10. CoinMarketCal
Show information about upcoming crypto projects, product updates, news releases, and more on a timeline.
Official website: coinmarketcal.com/
11. vestlab
This website shows the allocation of various project tokens, unlocking ratios, and unlocking times, suitable for researching project tokens.
When to use. Similar websites include tokenunlocks and unlockscalendar, you can check them out.
Official website: vestlab.io/
12. Token Unlocks
Web3 project token unlocking information
Official website: token.unlocks.app/
13. dappradar
This tool helps check various data on decentralized applications, games, NFT projects across different public chains, such as trading volume, the number of active addresses, and rankings of locked funds.
Official website: dappradarcomrankings
14. CryptoSlam
This website specializes in providing comprehensive data for the NFT market, including the hottest NFT collectibles sales rankings, trading volumes, and upcoming NFT project information.
Official website: wypsamsh
15. Nansen
Smart money + on-chain data analysis, professional tools
Official website: app.nansen.ai/
16. MacroMicro
Global macro data observation station
Official website: en.macromicro.me/
17. glassnode
The most complete BTC on-chain tracking data platform in Web3.
Official website: studio.glassnode.com/home
18. Messari
The most cutting-edge and professional investment research report in Web3.
Official website: messari.io/
19. Arkham
Track the flow of cryptocurrencies and identify relationships between wallets.
Official website: www.arkhamintelligence.com/
II. Market Sentiment Observation Website
1. cryptobubbles:
This tool can quickly grasp the dynamics of the cryptocurrency market. Its interface uses bubbles to represent cryptocurrencies; the bigger the bubble, the more significant the price changes of that coin. You can also choose the time range, whether it's hours, days, weeks, months, or years, and view from the top 100 to the top 1000 currencies.
Official website: cryptobubbles.net/
2. LunarCrush:
Twitter social media tracking + market sentiment summary
Official website: lunarcrush.com/
3. Artemis:
Artemis is a fantastic tool that helps you capture emerging market trends, allowing you to discover potentially valuable projects or narratives before others react.
Official website: app.artemis.xyz/home
4. TrendX:
AI-driven Web3 market heat tracking.
Official website: app.trendx.tech/
5. TweetScout
A comprehensive social media tool that analyzes Twitter KOLs, projects, etc.
Official website: tweetscout.io
6. AlphaScan Al
An early Alpha project capture tool that tracks over 50,000 Chinese and English KOL topic summaries.
Official website: app.alphascan.xyz/
7. cryptorank
This tool monitors the wallets of over 100 funds and wealthy individuals who have made a fortune.
Official website: cryptorank.io/funding.-r..
III. Routine Web3 Data Tracking
1. DefiLlama:
Monitor TVL data of Web3 projects + protocols.
Official website: defillama.com/
2. DEXScreener:
If you like to play with those junk coins that just launched (experiencing drastic rises and falls in a short time, or even directly hitting zero), then this tool is your first choice.
Official website: dexscreener.com/
3. Dune:
Obtain visual data boards for various projects through customized codes + user sharing.
Official website: dune.com/home
4. Flipside:
If you want more personalized dashboard templates, you can try this platform.
Official website: fipsidecrypto.xyz/
5. Token Terminal:
Provides token metrics data comparable to traditional stock markets, such as price-to-sales ratio, price-to-earnings ratio, revenue, protocol (token holder) income, costs and expenses, and profits. It can analyze a chain project's financial situation in conjunction with DApp data.
Official website: tokenterminal.com/
6. CoinGlass:
Provides contract-related data for mainstream Web3 projects, especially BTC.
Official website: www.coinglass.com/
7. fiatleak
This website is used to track Bitcoin transactions. Interestingly, the larger the transaction, the bigger the golden circle displayed, just like gold.
The price of the coin drops from the sky. With this site, you can easily grasp the market price of Bitcoin.
Official website: fiatleak.com/
8. Newtonpool
Newtonpool is software that provides users with Aleo mining services, currently the lowest power consumption pool for mining Aleo, and the computing power is not bad, with profits potentially increasing significantly. However, new pools can be unstable in block production; I believe with further optimization, it will be excellent.
newton.abcbrowsers.com/
IV. Token Sniping / Bots
1. okx:
OK has developed a MEME channel for the SOL chain to monitor the amount of smart money entering a certain MEME.
Official website: ww.okx.com/zh-hans/web3/dex-swap/memehunter
2. GMGN:
On-chain data and signal trading tools: smart money, new wallets, KOL/VC, snipers' wallets, whale wallets, and rat trading.
Official website: t.me/GMGN sol bot..
3. logearn:
Logeam is a cool platform that is a decentralized automated trading tool, allowing you to follow others' trades with one click.
Easy. This platform integrates various trading scenarios, including centralized exchanges, decentralized exchanges, wallets, and communities.
Everything is interconnected, allowing your following data and processes to operate smoothly with stronger liquidity.
Moreover, this platform has a 'top investors' click function that can show you various investors' metrics.
1) Snipers: Have successfully sniped at least once in the last six months with zero blocks; the expert.
2) Smart Money: In the past six months, at least two major money-making opportunities were seized, with each opportunity earning over $1000.
3) New Token Experts: Have participated in at least one new token launch in the past six months.
4) KOL/VC: Influential figures or venture capital wallets;
5) Whales: In the past six months, at least five major purchases have been made, each exceeding $10,000.
6) Newbie: A novice who has traded less than two tokens and has a trading time of less than seven days.
7) Old Guy: An experienced trader who has traded more than two tokens, with the first trade taking place more than 30 days ago.
8) Developers: Technical experts who create token contracts;
9) 10x War God: A master who has earned over 10 times in the past.
10) 50x War God: A person who has earned over 50 times in the past.
11) 100x War God: A legend who has earned over 100 times in the past.
12) Bottom-hunting expert: skilled in swing trading, always able to catch the bottom.
Official website: logearn.com
4. ChainEDGE:
This tool is specifically used to track the wallets of those experts, helping you keep an eye on the accounts of top cryptocurrency traders. You can see their wallet dynamics, monitor their trading situations, and all information will be displayed on a clear dashboard.
However, ChainEDGE may be more suitable for professional traders as it is not free and may have some barriers for ordinary people.
Official website: www.chainedge.io/
5. dextools:
It can display the currently traded coins on-chain in real-time, making it one of the preferred tools for discovering and trading junk coins.
Official website: www.dextools.io
6. @MaestroBots&:
Official website: www.maestrobots.com/
7. @BananaGunBot:
Official website: bananagun.io/
V. Tracking Addresses for Trading
1. DeBank:
EVM-compatible chain, the best address tracking software + smart money mining
Official website: debank.com/
2. Cielo:
The best address tracking software for the SOL chain + smart money mining.
Official website: cielo.financel/
3. Etherdrops Bot:
Real-time monitoring + notification tool
Telegram: t.me/etherdrops bot
4. MetaSleuth:
Address monitoring + investigation platform, rat trading, related address tracking, etc.
Official website: metasleuth.io/
5. Bubblemaps:
It can display not only the distribution of holders but also discover relationships between wallets.
Official website: app.bubblemaps.io/eth/
6. Blockpour:
Monitor the latest on-chain trading dynamics in real-time, track trading and liquidity changes of various tokens, and can also be used to find or track potential trend tokens on a chain.
Official website: app.blockpour.com
7. DeBank:
Track your wallet balances across different chains, including liquidity pools, staked tokens, trading history, etc.
Official website: debank.com/
8. MCT
MCT is quite an established bulk transfer tool. Its relatively high fee is mainly because it has been in the industry for a long time, has a high reputation, and has passed market tests.
This tool is developed by a group of blockchain experts, and it can do a lot of things. Not only can it perform token airdrops, but it can also transfer NFTs, and even...
It can hit inscriptions. So many people love to use it. However, because everyone uses it, the price naturally goes up. If you don’t care much about the price and want a reliable tool, MCT is a good choice.
Official website: mct.xyz/nft/minting
9. PandaTool
A one-click token issuing platform that can also perform bulk transfers or airdrops. Compared to other platforms, PandaTool...
This platform's fees are the lowest.
Official website: solana.pandatool.org/
10. DeDotFi
This interface looks quite clean, and it is convenient to check if your wallet has any contract authorization risks. Moreover, it can perform basic security scans on any token contract to help identify potential risk alerts.
Official website: de.fi/
VI. Trading Tools
1. TradingView:
The most complete global trading asset charts, capable of data backtesting + coding.
Official website: www.tradingview.com/
2. AICoin:
An online trading platform that can connect directly to exchanges.
Official website: www.aicoin.com
3. GetMoni:
This platform is suitable for social analysis; it is particularly effective in scanning, tracking, and deeply analyzing emerging Web3 projects. It also has Telegram and Discord bots to assist.
Projects that have started to gain popularity on social platforms. However, like the previously mentioned ChainEDGE, this tool may be more suitable for professional traders, as it also requires payment.
Official website: discover.getmoniio/GetMoni
4. The Kingfisher:
Provides instant access to real-time orders and liquidation prices.
Official website: thekingfisherio
5. CMM:
Provides instant access to real-time orders and liquidation prices.
Official website: thekingfisherio
6. CoinGlass:
CoinGlass's data and analysis have high accuracy and real-time capabilities.
Official website: www.coinglass.com
7. CoinAnk:
Professional and intuitive chart visualization
Official website: coinank.com/zh/about
8. coingecko:
Currently, over 10,000 cryptocurrencies are recorded, which is really too many. It is not practical to look at each one individually. Observing and searching for projects from popular categories will be a more efficient approach.
Official website: www.coingecko.com
9. MyToken:
Dedicated to meeting users' full ecological needs for global digital asset market and information, it is the most influential digital asset market app in the industry.
Official website: www.mytokencap.com
10. DeDotFi
This interface looks quite clean, and it is convenient to check if your wallet has any contract authorization risks. Moreover, it can perform basic security scans on any token contract to help identify potential risk alerts.
Official website: de.fi/
VII. Airdrop Tools
1. earni:
Airdrop notification alert.
Official website: earni.fi
2. @Galxe:
A one-stop hub for earning airdrops + points, also a DID project.
3. airdrops io:
Leading airdrop portal website that collects various airdrop strategies and tactics, with over 100,000 users! Official website:
defillama.com/airdrops
In the crypto world, playing around is essentially a contest between retail investors and institutions. If you don't have cutting-edge news or first-hand information, you'll only be cut! If you want to layout together and harvest the institutions, feel free to discuss with like-minded crypto folks.
These methods should be saved, read several times, and if you find them useful, you can share them with more people trading coins around you. Follow me to learn more about valuable information in the crypto circle! After being through rain, I am willing to hold an umbrella for non-cabbage! Follow me, and let's walk together on the path of crypto!
Old Wang only does real trading. The team still has positions available.
