In the cryptocurrency world, if you do not understand the key points of the main force's wash and selling, it will be very difficult for you to make a fortune in the cryptocurrency market.
Here are some key tips:
1- Pay attention to trading volume: Trading volume usually shrinks during washing and expands during selling.
2.- Pay attention to the price position: The main force usually washes when the price has increased by about 30%, and when the increase exceeds 60%, one needs to be wary of the possibility of selling.
3. Analyze the intraday chart: The intraday chart during washing often fluctuates wildly, while the intraday chart during selling is relatively stable.
The current trends in the altcoin market vary, and the timing for entering their respective cyclical bottom consolidation periods also differs. Which altcoin to buy at the bottom, and determining whether that altcoin has entered its own bottom, needs to be based on personal choice and judgment.
When the market approaches the end of the bottom phase, there is no need to overly pursue precision. A vague correctness in direction is often more valuable than fleeting accuracy. Bravely buying at relatively low positions and firmly selling at relatively high positions in the future is the path to one's own victory.