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Transfer: I am 30 years old this year, and my assets will reach 8 figures from 2021 to 2025. I have hardly experienced any business disputes and have few worries. I have the patience to summarize my insights; the most important thing in Cryptocurrency Trading is having a good mindset, and technology is secondary.
1. In most cases, $BTC is the leader of the fluctuations in the cryptocurrency trading market. Coins with strong Ethereum qualities may sometimes break away from Bitcoin's influence and enter a unilateral market, but altcoins generally cannot escape its impact.
2. During the daytime in the country, if there is a continuous drop, it is essential to buy the dip. At 22:30, foreign traders will pump the market. If there is a significant increase during the day, do not chase the high, as it will drop back at night. The key factor signal when buying and selling is the pin bar; the deeper the pin, the stronger the buy and sell signals.
3. The needle spike phenomenon is likely to occur between 0:00 and 1:00 every day, so domestic coin friends can try to place a buy order for their desired coin at a low price before going to sleep and a sell order at a high price; you might just get lucky and make a trade while lying down.
4. Every morning from 6 to 8 o'clock is a time to determine whether to buy or sell, and also a time to assess the day's price fluctuations. If it has been falling from midnight to 6 o'clock, and it continues to fall during this period, it is a good opportunity to buy or add to your position, and the price will likely rise for the day. Conversely, if it has been rising from midnight to 6 o'clock, and it continues to rise during this period, it is a selling opportunity, and the price is likely to fall for the day.
5. 5 PM is an important point of attention. Due to the time difference, American cryptocurrency traders are waking up to start their work, which may cause fluctuations in coin prices. Some significant increases or decreases have indeed occurred at this time, so it is essential to pay special attention.
6. In the cryptocurrency trading community, there is a saying of "Black Friday," and there have been several instances of significant drops on Fridays, but there have also been cases of significant rises or sideways movement. It is not particularly accurate, just pay a little attention to the news.
7. If a coin with a certain trading volume guarantee drops, don't worry, just hold on patiently, and you will definitely break even. It could take as short as 3-4 days or as long as a month. If you have extra USDT, consider averaging down in batches to lower the price, which will help you break even faster. If you don't have extra money, just wait patiently; it won't let you down. Unless you really bought I coin.
8. Holding the same coin for long-term in spot trading yields greater returns than frequent trading; it all depends on whether you have the patience to hold.
I bought Dogecoin for 0.1 and it has increased over 20 times since then 💡 The future wealth code is often hidden in the cognitive gap — the trend comes first, the layout follows!