Original article by Ardizor, crypto researcher
原文来源：twitter
编译：Felix, PANews
Every crypto bull market tends to follow the same pattern: 99% of people either lose everything or simply leave the market at breakeven, not taking profits in time. This is the case because the crypto market is mostly dominated by emotions such as fear, greed, and FOMO.
Many people can tell you when to buy, but no one can tell you when to sell. Crypto researcher Ardizor summarizes the strategy of how to sell at the highest price. While it's impossible to predict every movement exactly, it can provide a deeper understanding of market structures and rules, help secure profits, and close positions at the best time.
Like any other asset, the price of Bitcoin follows a specific pattern. This pattern is repeated over and over again depending on the person's emotions, especially FOMO. The chart below illustrates the sentiment of traders over different time periods. While there may be slight variations in each token, the underlying sentiment is consistent.
Take, for example, the market cycle model in the 2021 bull market. In order to maximize profits, invest in altcoins in a depression phase. Remember: "Buy when the market bleeds, even if it's your own blood." ”
It's crucial to recognize when altcoins start to really soar. During the altcoin bullish phase, the gain could be 100x that of Bitcoin or Ethereum, as its upside potential could be not just 2x, but up to 1000x. In a Bitcoin-dominated cycle:
- If Bitcoin's market share rises and Bitcoin's price rises, the price of the altcoin moves sideways or falls;
- If Bitcoin's market share rises and the price of Bitcoin falls, the price of altcoins falls;
- If Bitcoin's market share rises and the price of Bitcoin moves sideways, the price of the altcoin falls;
- If the market share of Bitcoin decreases and the price of Bitcoin rises, the price of altcoins rises;
- If the market share of Bitcoin decreases and the price of Bitcoin falls, the price of the altcoin moves sideways or rises;
- If Bitcoin's market share decreases and the price of Bitcoin moves sideways, the price of the altcoin rises;
You may already know how the market works, but without a system, you can't manage emotions effectively. Here are some trading rules you need to keep in mind:
Think of market profits as a salary, not a lottery win
Respect your money and don't splurge it. There is no way to get rich overnight in this world. Only by playing steadily can you win.
Buy based on anticipation, sell based on news
Don't show up after the party is over. When news comes out, it's time to sell, not to buy. If you buy it late, you can only satisfy those who bought it early and are now laughing in a new Lamborghini.
If it's not time to hold a token yet, will you buy it from your portfolio right away?
Even if the investment is bad, people are often reluctant to accept a loss or realize that they have made a bad investment. Countless reasons are often come up to explain why these tokens are held. If you ask yourself this question at a time of loss, you might be surprised at the amount of junk assets in your portfolio.
In order to achieve truly high yields, the following factors are taken into account when analyzing promising tokens:
- What is the upside potential? (compare this token to other coins in the same space)
- Who are the biggest holders and top VCs?
- Roadmaps, partnerships, teams, and more
- Is the token about to be listed on the CEX? (Listings often result in higher liquidity and price increases, especially when announcements are made)