In the cryptocurrency space, continuous learning is fundamental to establishing oneself. Newcomers often incur losses upon entering the market due to inadequate understanding and incorrect methods.
Do not foolishly think you can explore slowly; by the time your capital is eaten away by the market, it will be too late for regrets. Here are some of my experiences in making big profits.
When trading cryptocurrencies, mindset is more critical than technique.
First, BTC is the market's barometer. Strong mainstream coins like ETH can occasionally perform independently, but most altcoins have to watch BTC's movements.
Second, BTC and USDT often move in opposite directions. When USDT strengthens, BTC may fall; when BTC rises, it is often a good time to exchange for USDT.
Third, extreme market conditions can arise between 0 and 1 o'clock. Placing very low buy orders and very high sell orders before sleeping might yield profits.
Fourth, the hours between 6 and 8 o'clock are crucial for judging the day's market trend. If it continues to fall between 0 and 6 o'clock, it is mostly a time to average down or enter the market; if it continues to rise, there is a high probability of reaching a peak, and a pullback may occur that day.
Fifth, pay attention around 5 o'clock in the afternoon. The U.S. market becomes active and often triggers sudden changes in the market.
Sixth, Black Friday is not absolute; just pay slight attention to the news.
Seventh, don’t be afraid if coins with trading volume drop; most can rebound. If you have spare USDT, average down in batches; if not, be patient.
