After years of experience, I've realized that cryptocurrency trading isn't about who shouts the loudest, but about who can see things more clearly at crucial moments.
You mean methods and techniques?
I've also gone through a lot of trial and error. The logic for truly surviving in the market actually boils down to just three or four points. It's so simple you won't believe it, but the simpler it is, the harder it is to execute.
Now, when I look at a blockchain or a coin, I first check if anyone is actively trading. Is the volume slowly increasing? If it's been consolidating for a while and then suddenly surges, it basically means someone's itching to make a move.
Then I look at the closing price. A daytime price swing that leaves you dizzy isn't enough; a closing price that holds above key levels is the real signal. Major players manipulate the market quietly, giving retail investors little room to think.
Then timing is also crucial. Don't touch those that have been consolidating for three to five days. A truly explosive breakout is built up over months of accumulation and patience.
Finally, I look at the price action. Where are the resistance levels? Should you short after a breakout? You need to have a clear understanding of this, otherwise, you'll be shaken out by market volatility.
The biggest advantage for retail investors is that they don't need to open positions every day. One decisive move when the time is better than ten random trades. #btc