When I first entered the crypto world, I was a standard 'leek': when others said a certain variety would rise, I hurried to buy; when someone posted a profit screenshot in the group, I leveraged to follow in; when I saw the market crash, I panicked and sold at a loss. Each time I thought I had seized an opportunity, but I was always harvested by the scythe, losing a mess.
Later I understood that ordinary people get cut in the crypto world mainly because of information asymmetry and not understanding market traps. Since I learned to use three tools to analyze the market, I haven't been cut again; instead, I've repeatedly predicted market reversals in advance, achieving a counterattack against the 'cutting scythe.'
The first tool is an on-chain data analysis tool. With this tool, I can monitor the movements of large funds, such as seeing a whale wallet buying a large amount of a certain variety, which indicates that this variety may have potential; if I see a whale selling a large amount, I will take precautions to avoid risks. The second tool is technical analysis software. I mainly use it to look at candlestick patterns, moving averages, and trading volume, such as head and shoulders, double tops, these patterns are important signals for judging market reversals. The third tool is market alert software. I will set key support and resistance levels as alerts, so even if I do not watch the market, the software will remind me to avoid missing the best buy and sell points.
In addition to using tools, I also pay attention to industry news, but I never believe in "insider information." Many scams rely on spreading false insider information to attract unsuspecting investors, and then take the opportunity to harvest. I only focus on legitimate industry media to understand the development trends and policy changes in the industry, judging the value of varieties from a fundamental perspective.
There are many traps in the cryptocurrency world, but as long as you master the right tools and methods, you can see through these traps and become one of the few winners. If you are still troubled by information asymmetry and don’t know how to analyze the market, follow me, and I will share the usage methods and analysis skills of these 3 tools with you to help you break free from the "chives fate"!@男神说币 #巨鲸动向 $BTC
