A 10-year cryptocurrency trader teaches you how to make steady profits in the cryptocurrency circle
1. Keep an eye on the sector leaders
Each sector has a leader. When the leader moves, immediately pay attention to the second-ranked and later currencies in the sector. Opportunities are often behind!
2. Trading volume is the key
Buy in steps when the trading volume is small, buy all positions when the trading volume is enlarged at a low level; sell all positions when the trading volume is enlarged at a high level.
3. Buy when the volume is reduced during a callback, and sell when the volume is increased.
You can buy when the volume is reduced during a callback, and sell when the volume is increased. The increase in the callback volume is usually the main force shipping.
4.RSI and KDJ indicators
When the RSI indicator hovers at a low level three times, you can buy; when it hovers at a high level three times, sell. When the RSI is less than 10, buy boldly; when it is higher than 85, sell quickly. If the coin price reaches a new high, but the RSI cannot reach a new high, you must sell. At the same time, the KDJ indicator can also be used as a reference. For short-term trading, the W%R indicator is very important and must be studied carefully; for long-term trading, look at the TRIX indicator more.
5. Don't get tangled up. There are only strong coins and weak coins, only strong dealers and weak dealers. Don't be confused by "good performance" or "bad performance". The key is to look at the trend and capital flow.
6. Moving average crossover trading method
When the moving average crosses upward, it is time to buy; when it crosses downward, sell it quickly. If the 5-day and 10-day moving averages are both upward, and the currency price is above these two moving averages, buy it with confidence. As long as the currency price does not fall below the 10-day moving average, don't rush to sell. If it is determined to fall below the 10-day line, wait until the 5-day moving average turns downward to sell. Because the 10-day moving average is very important to those who make dealers, it is almost their cost price, so generally the currency price will not fall below this line.
7. The strong will always be strong, and the weak will always be weak
Sometimes it is useful to chase the rise and kill the fall. In the currency circle, the strong will always be strong, and the weak will always be weak. When speculating in currency, time is critical. Don't be stubborn and compete with yourself.
Here are some tips for short-term cryptocurrency trading:
1 Don’t sell if it doesn’t go up, don’t buy if it doesn’t go down, and don’t trade when it goes sideways.
2 Buy when the price closes with a negative line, and sell when the price closes with a positive line.
3 After consolidation, the market will definitely change. Clear the position when the high position changes downward, and chase the position when the low position changes upward.
4 If the high position goes sideways and then goes up again, it’s a good time to sell; if the low position goes sideways and then hits a new low, it’s a good time to buy in all the positions.