As a Newbie in the Crypto Assets market, understanding some basic market rules and timing strategies can help you better seize trading opportunities. Here are some observations summarized by experienced traders:
First of all, Bitcoin is often regarded as the barometer of the Crypto Assets market. The trend of most altcoins tends to follow Bitcoin, but mainstream coins like Ethereum may sometimes show independent market behavior.
Secondly, there is an inverse relationship between Bitcoin and USDT. When the price of USDT rises, it may indicate that Bitcoin is about to fall; conversely, when Bitcoin rises, it may be a good time to purchase USDT.
In intraday trading, price fluctuations often occur between 0:00 and 1:00. Therefore, setting some limit orders before sleeping may bring unexpected profits. The period from 6:00 to 8:00 in the morning is a key time to assess the market direction for the day. If the market has been declining from midnight to morning and continues to decline during this period, it may be an opportunity to buy or add to positions; conversely, if it has been rising, it may be a good time to take profits.
Additionally, due to the time difference, around 5 PM every day is also a significant time to pay attention to. This is when American traders begin to become active, which may trigger market fluctuations.
Although there is a saying of 'Black Friday', in fact, the market performance on Friday is not always negative; there are also cases of increases or sideways movements.
Finally, as a Newbie, it is important to continuously learn and observe the market to cultivate your own judgment. Remember, the Crypto Assets market carries high risks, so be cautious when investing and do not invest more than you can afford to lose.
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As a Newbie in the Crypto Assets market, understanding some basic market rules and timing strategies can help you better seize trading opportunities. Here are some observations summarized by experienced traders:
First of all, Bitcoin is often regarded as the barometer of the Crypto Assets market. The trend of most altcoins tends to follow Bitcoin, but mainstream coins like Ethereum may sometimes show independent market behavior.
Secondly, there is an inverse relationship between Bitcoin and USDT. When the price of USDT rises, it may indicate that Bitcoin is about to fall; conversely, when Bitcoin rises, it may be a good time to purchase USDT.
In intraday trading, price fluctuations often occur between 0:00 and 1:00. Therefore, setting some limit orders before sleeping may bring unexpected profits. The period from 6:00 to 8:00 in the morning is a key time to assess the market direction for the day. If the market has been declining from midnight to morning and continues to decline during this period, it may be an opportunity to buy or add to positions; conversely, if it has been rising, it may be a good time to take profits.
Additionally, due to the time difference, around 5 PM every day is also a significant time to pay attention to. This is when American traders begin to become active, which may trigger market fluctuations.
Although there is a saying of 'Black Friday', in fact, the market performance on Friday is not always negative; there are also cases of increases or sideways movements.
Finally, as a Newbie, it is important to continuously learn and observe the market to cultivate your own judgment. Remember, the Crypto Assets market carries high risks, so be cautious when investing and do not invest more than you can afford to lose.