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Cryptocurrency Trading is actually not complicated; what is really complicated is your hands, which can't help but click around. My method is very simple: only focus on one pattern, if the market is not right, I would rather turn off the computer and go to sleep.
Four points to remember:
1. Rises quickly and falls slowly, that means the institution is holding back a big move.
After a surge, the market is slowly pulling back; this is not a rest, but rather the market makers are secretly accumulating positions. Don't ask me how I know, it's all experience from being cut out.
2. It falls quickly and rises slowly, basically leaving you a way out to escape.
It crashes down like a dive, but the rebound is as weak as a cough. Don't be silly; this is called the "distribution phase." If you don't leave now, you'll become a model among the bag holders.
3. Don't panic sell when there is high volume at the top, quickly run away when there is low volume at the top.
A large volume indicates that there is still potential, and there may be another bullish candle to send you off.
But if there is no volume, and you can't even deceive yourself, then don't hesitate; running away is the starting point of dignity.
4. Cryptocurrency Trading is about trading emotions; the market relies on consensus, not empathy.
Trading volume is a voting machine, not a lie detector. When everyone rushes in, that's called a market; if no one cares, then don't fantasize about miracles.
In the end, the cryptocurrency trading world is not lacking in opportunities, but rather in the patience to wait for them.
Don't think every day that "this time is different"; the market makers don't want to put on a new show every time, they just love your stubbornness.
In short: wait until you are sure before taking action, avoid unclear markets, think before you act, and be clear about whether you are the hunter or the prey.