In the cryptocurrency world, the most important thing is learning. The reason many newcomers start losing money is that they lack learning and cognitive improvement. Don't take everything slowly; if you wait until your core assets are completely lost, it will be too late! Below, I'll share my years of experience in earning over ten million. $FHE
The key point in trading cryptocurrencies is to have a good mindset; skills come second.
1. In most cases, Bitcoin (BTC) is the leader in the crypto market. Ethereum (ETH), which is a strong coin, may sometimes move independently of BTC and show a unilateral trend, while altcoins generally cannot escape its influence.
2. BTC and USDT move in opposite directions; if you notice USDT rising, be cautious as BTC may drop. When BTC is rising, it’s a suitable time to enter USDT.
3. Between 12 AM and 1 AM, there is a tendency for price spikes; therefore, domestic crypto friends can try to set a low buy order for their desired coins before sleeping and a high sell order—who knows, it might get executed, allowing for easy profits.
4. Every morning from 6 AM to 8 AM is a good time to determine whether to enter or exit, as well as to assess the day's price fluctuations. If the price has been falling from 12 AM to 6 AM and continues to fall during this period, it’s a time to enter or add more; the price will likely rise for the day. Conversely, if it has been rising from 12 AM to 6 AM and continues to rise, it’s a good time to exit, and the price is likely to drop for the day.
5. 5 PM is an important time to pay attention to market rumors; due to time zone differences, American traders are waking up to start their day, which could cause volatility in coin prices. Significant rises or drops have indeed occurred at this time, so be particularly vigilant.
6. There is a saying in the crypto world about 'Black Friday,' which refers to several instances of significant drops occurring on Fridays, but there have also been instances of large rises or sideways movements; it's not particularly reliable—just keep an eye on the news.
7. If a coin with a certain trading volume guarantee drops, don’t worry. Patience will ensure you break even; it could be as short as 3-4 days or as long as a month. If you have extra USDT, consider entering in batches to speed up recovery. If you don't have a balance, just wait; you won’t be disappointed.