Share a few insights on trading cryptocurrencies! If you need it, look for yourself.
There is a very foolish method for trading cryptocurrencies, but this method can almost eat up all the profits, so learn slowly. First of all, when trading cryptocurrencies, we should never do three things.
The first thing is to never buy in when prices are rising; be greedy when others are fearful and fearful when others are greedy. Be able to buy in when prices are falling and make this a habit.
The second is to never pressure your orders.
The third is to never go all in; going all in makes you very passive, and this market is not short of opportunities. The opportunity cost of going all in can be very high.
Additionally, here are six tips for short-term cryptocurrency trading:
The first is that after a high price consolidation, there will usually be a new high. And after a low price consolidation, there will usually be a new low. So, we should wait until the direction of the trend becomes clear before we make a move.
The second is to not trade during sideways markets; most people lose money in cryptocurrency trading because they cannot do this simplest thing.
The third is when selecting candlesticks, when a bearish candle forms, we should buy on the daily chart. When a bullish candle forms, we should sell.
The fourth is that when the downtrend slows, the rebound also slows, and the downtrend accelerates the rebound.
The fifth is to build positions according to the pyramid buying method; this is the only unchanging principle of value investing.
The sixth is that when a cryptocurrency continues to rise after a sustained drop, it will inevitably enter a sideways state. At this time, we do not need to sell everything at this high level, nor is it necessary to buy everything at the low level.
Because after consolidation, it will inevitably face a trend change. If it changes downward from a high level, we need to clear our positions in a timely manner; in short, we need to push forward in a timely manner. $BTC $ETH #美联储降息 #加密市场反弹 #美联储FOMC会议
