$BTC
Cryptocurrency trading has been around for over ten years now. From liquidation to achieving financial freedom, I have been supporting my family through trading. By 2024, my investment had multiplied by 50 times. If it weren't for withdrawing funds twice to buy a house, it should have been 85 times.
Today, I will share my trading strategies and insights with fellow traders.
There is a saying, standing on the shoulders of giants can save you ten years of hard work.
Key points for retail investors in the cryptocurrency market:
1. Keep a close eye on Bitcoin trends.
In the cryptocurrency market, Bitcoin often leads the price direction. While Ethereum can sometimes perform strongly and exhibit independent trends, most altcoins are influenced by it.
2. Pay attention to the relationship between Bitcoin and USDT.
Bitcoin and USDT often move inversely; when USDT is rising, be cautious of Bitcoin falling, and when Bitcoin is rising, it’s an opportunity to buy USDT.
3. Seize trading opportunities in the early morning.
From 0:00 to 1:00 AM, there can be sudden price spikes. Domestic traders can place low buy orders and high sell orders before sleeping for a chance of pleasant transactions and easy profits.
4. Observe the morning price trends.
From 6:00 to 8:00 AM is a key period for determining whether to buy or sell. If the price falls from 0:00 to 6:00 AM and continues to fall, it’s advisable to buy or average down, as the price is likely to rise later that day; if the price rises continuously, it’s better to sell, as it is highly probable that it will fall later that day.
5. Pay attention to afternoon volatility.
Particularly at 5:00 PM, be especially cautious as due to time differences, American traders may begin trading, potentially causing price fluctuations, and many significant price movements occur at this time.
6. Be wary of “Black Friday.”
There is a saying in the cryptocurrency space about “Black Friday.” While there can be significant drops on Fridays, there can also be large increases or sideways movements; just keep an eye on news.
7. Be patient with falling coins.
If a coin with a certain trading volume falls, don’t worry; holding onto it patiently can recoup losses. The timeframe can be as short as 3-4 days or as long as a month. If you have extra funds, you can average down to speed up recouping losses, unless it’s a junk coin.
8. Stick to long-term spot trading.
In spot trading, holding onto the same coin long-term with fewer transactions generally yields higher returns than frequent trading; it just depends on your patience.
9. Pay attention to external influencing factors.
The cryptocurrency market is affected by various factors, such as countries' attitudes towards cryptocurrencies; negative sentiments can lead to price drops; U.S. financial policies; and opinions from influential figures in the crypto space, like statements from Musk. Stay informed with financial news.
#美国初请失业金人数逊预期 #山寨季讨论量跌至两年新低 #美国第四季生产率增长胜预期
Cryptocurrency trading has been around for over ten years now. From liquidation to achieving financial freedom, I have been supporting my family through trading. By 2024, my investment had multiplied by 50 times. If it weren't for withdrawing funds twice to buy a house, it should have been 85 times.
Today, I will share my trading strategies and insights with fellow traders.
There is a saying, standing on the shoulders of giants can save you ten years of hard work.
Key points for retail investors in the cryptocurrency market:
1. Keep a close eye on Bitcoin trends.
In the cryptocurrency market, Bitcoin often leads the price direction. While Ethereum can sometimes perform strongly and exhibit independent trends, most altcoins are influenced by it.
2. Pay attention to the relationship between Bitcoin and USDT.
Bitcoin and USDT often move inversely; when USDT is rising, be cautious of Bitcoin falling, and when Bitcoin is rising, it’s an opportunity to buy USDT.
3. Seize trading opportunities in the early morning.
From 0:00 to 1:00 AM, there can be sudden price spikes. Domestic traders can place low buy orders and high sell orders before sleeping for a chance of pleasant transactions and easy profits.
4. Observe the morning price trends.
From 6:00 to 8:00 AM is a key period for determining whether to buy or sell. If the price falls from 0:00 to 6:00 AM and continues to fall, it’s advisable to buy or average down, as the price is likely to rise later that day; if the price rises continuously, it’s better to sell, as it is highly probable that it will fall later that day.
5. Pay attention to afternoon volatility.
Particularly at 5:00 PM, be especially cautious as due to time differences, American traders may begin trading, potentially causing price fluctuations, and many significant price movements occur at this time.
6. Be wary of “Black Friday.”
There is a saying in the cryptocurrency space about “Black Friday.” While there can be significant drops on Fridays, there can also be large increases or sideways movements; just keep an eye on news.
7. Be patient with falling coins.
If a coin with a certain trading volume falls, don’t worry; holding onto it patiently can recoup losses. The timeframe can be as short as 3-4 days or as long as a month. If you have extra funds, you can average down to speed up recouping losses, unless it’s a junk coin.
8. Stick to long-term spot trading.
In spot trading, holding onto the same coin long-term with fewer transactions generally yields higher returns than frequent trading; it just depends on your patience.
9. Pay attention to external influencing factors.
The cryptocurrency market is affected by various factors, such as countries' attitudes towards cryptocurrencies; negative sentiments can lead to price drops; U.S. financial policies; and opinions from influential figures in the crypto space, like statements from Musk. Stay informed with financial news.
#美国初请失业金人数逊预期 #山寨季讨论量跌至两年新低 #美国第四季生产率增长胜预期