Establish 8 ironclad rules. They are still applicable and work every day:


**The first point, BTC is the conductor of the entire market.** ETH sometimes shows independence and can display a bit of independent movement, but the other 99% of altcoins? They are mostly just followers of BTC, which cannot be independent at all.
**The second point, BTC and USDT are like swings.** If you see that the price of U has risen, then BTC is likely to fall; conversely, when BTC rises, it is a good time to exchange for U. This principle works flawlessly.
**The third, from midnight to one o'clock in the morning, it's easiest to insert the needle.** Therefore, before going to bed, I always set my orders, pre-setting low buys and high sells. Often I wake up and find that the automatic trade has been completed, the feeling of a small profit is simply wonderful.
**The fourth point is to watch the direction from 6 to 8 AM.** The logic is very simple: if it has been falling from midnight to 6 AM and continues to fall during this period, there is a high probability that there will be a rise that day, and one can enter the market or buy more; if it has been rising from midnight to morning and continues to rise during this period, there will mostly be a correction that day, and one should exit.
**Point five, you need to be attentive at 5 PM.** Due to the time difference, Americans are just waking up at this time, and the market often fluctuates sharply at this moment. Sudden spikes and drops can occur precisely at this time.
**Article 6. "Black Friday" is not a superstition.** There have indeed been several instances of sharp declines on a Friday in history, but this is not always the case. Just use this as a supplementary signal, do not take it as the main basis for decision-making.
**Article 7. Don't panic if liquid coins are falling.** If the project itself hasn't turned to trash, then the drop shouldn't cause fear. I've gone through this many times, sometimes it takes me three to four days to recover, sometimes it takes a month. If you have extra money, it's worth spreading out the expenses, if not – just wait patiently. Usually, recovery happens very quickly.
**Article 8. Less volatility in the spot market — more profit.** The same token, if you enter and exit frequently, is even worse than just holding it. I bought Dogecoin for 0.09 and held it without selling, and now it has increased more than 20 times. Many newcomers struggle not because they cannot choose a token, but because they cannot hold it.
The market always follows its own laws; the main thing is whether you can stick to your principles and not let emotions govern you.
BTC1.09%
ETH1.62%
DOGE2.84%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)