🎉 Gate.io Growth Points Lucky Draw Round 🔟 is Officially Live!
Draw Now 👉 https://www.gate.io/activities/creditprize?now_period=10
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1️⃣ Enter 'Post', and tap the points icon next to your avatar to enter 'Community Center'.
2️⃣ Complete tasks like post, comment, and like to earn Growth Points.
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⏰ Ends on May 4, 16:00 PM (UTC)
Details: https://www.gate.io/announcements/article/44619
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Mr. Qiao started to get in touch with Bitcoin in 2013 and was among the first in the country to use graphics cards to mine DOGE. At that time, he could mine more than 30,000 DOGE in a day. Later, he felt that mining was too slow and directly bought 10 million DOGE at around 0.0005-0.001. In 2014, he started using graphics cards to mine Ethereum in 2022. He later purchased 60,000 GT at around 1.6-2.6 and played with TRX for 200. By 2020, his account had made a furious profit of 5 million.
In today's cryptocurrency market, many people are losing money. Today, I have decided to share my experiences over the years in trading coins, how to survive in this market, and how to keep yourself in a winning position. At the very least, this can help you avoid years of detours, and what you learn can directly turn your losses into victories! 👇
First, look at the trend. How to understand the trend? The trend lines are divided into long-term trends and short-term trends. Long-term trends are observed on daily, weekly, and monthly charts, while short-term trends are observed on 5-minute, 1-hour, and 4-hour charts. Trend rules indicate that in a bull market, prices will rise continuously, and in a bear market, prices will fall continuously. A sudden surge will likely hit a peak and then retreat, while a sudden drop may touch the bottom and rebound. Observe the trading volume; an increase in volume with a price breakthrough indicates a bullish trend, while a decrease in volume with a price drop below support indicates a bearish trend. Pay attention to the MACD line trend, which is very useful. There are three main indicators to look at: first, the MACD operating range; if above the 0 axis, it indicates bullishness and a trend reversal; if below the 0 axis, it indicates bearishness and no trend reversal. Second, a golden cross between the fast line and the slow line indicates bullishness. Third, a death cross between the fast line and the slow line indicates bearishness.
Second, pay attention to the points. If the daily closing price can increase, it indicates that the main force is coming into play. If the closing can stay above the resistance level, then the probability of a true breakout is very high!
Third, look at the trading volume. Before a coin rises, the coin price has already experienced a long period of accumulation and horizontal consolidation, with low trading volume. The longer this period lasts, the better. Be patient and wait for the main force to complete the accumulation before suddenly launching a rapid rise, which can at least increase by 5 times.
Fourth, now with 0.1 GT subscribe to Mr. Qiao, take you to pan for gold in the ocean of coins, steadily eat meat! 🛫🔥
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