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2022 Bitcoin trading guide, 6 tips to teach you to play the virtual currency market (the sixth point is the key point)
2022-03-25
1672
Bitcoin is a very hot product in the trading market,and more and more people are beginning to pay attention to the trading of this product.Now that we have just entered February 2022,if we want to understand the next trend of Bitcoin,let’s first analyze the trend of last year.A better review of last year's trend can better help us predict the next market.
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A Review of Bitcoin Trends in 2021
The overall trend of Bitcoin in 2021 will fluctuate greatly,and the annual operation space is very powerful.The vast majority of investors regard Bitcoin as the best investment product last year.Maybe you have missed last year's investment,it doesn't matter,you can continue to review the trend of last year,and then make a good prediction of this year's trend to see if this year's Bitcoin is worth investing in.
Since January 2021,Bitcoin has rapidly ushered in a wave of rising prices.The initial price was around 26050,and after 4 consecutive months of rising,the highest price reached 65520.In just three months,Bitcoin quickly ushered in a three-fold surge,which was not available in most products at that time.With the appearance of an inverted K-line pattern,Bitcoin quickly ushered in a wave of decline.
This wave of decline is fierce,and it directly wiped out all the space that had previously risen.However,a bottoming pattern was soon formed at the bottom.After about 4 to 6 weeks,Bitcoin quickly stabilized and walked out of a lower shadow many times.So ushered in the second wave of rising market in 2021.This rising market directly created a new high for Bitcoin,reaching a maximum of 69355.
At that time,many people thought that Bitcoin would continue to make new highs.However,from the technical analysis of MACD and double top pattern,this top pattern was very clearly confirmed at that time,but the M-shaped trend had not been fully confirmed.Later,after three weeks of decline,Bitcoin ended the overall market in 2021,and finally closed at 53675.
2022 has just begun,and Bitcoin has quickly successfully repaired the edge of the M trend.Now it has entered a new cycle,and the support below is particularly strong.Bitcoin has not yet formed a formal breakthrough,so whether it will continue to usher in a volatile market,or will it break through to the downside,this needs to be focused on.
After reviewing the trend in 2021,I believe that many people should have a deeper understanding of Bitcoin,and also consider joining this market.Before joining this market,we must first understand the advantages and disadvantages of Bitcoin.
What are the advantages and disadvantages of Bitcoin?
Let’s talk about the advantages of Bitcoin first.Bitcoin has many advantages.First of all,it is a very safe and decentralized product.No institution can issue Bitcoin independently,so no one can easily manipulate the market.
The second advantage is that Bitcoin is secretive and tax-free.No matter how much money you make in the Bitcoin market,you don’t have to consider paying taxes in this market.
The third advantage is that Bitcoin transactions are very convenient,we only need a computer to be able to pay attention to the real-time market of Bitcoin.
What are the disadvantages of Bitcoin?
Bitcoin is extremely volatile,and the risk for traders increases accordingly.People with less risk tolerance risk losing their capital very quickly.Some people with relatively weak self-control may also lose themselves in the Bitcoin market.
The second aspect is that the transaction time of Bitcoin is relatively long,especially for those who have just started Bitcoin transactions,because Bitcoin has very stable security,so every time a transaction is made,the computer must confirm it repeatedly to ensure this A transaction is a very complete link,ensuring the security integrity of the data.
In the third aspect,because Bitcoin has more concealment,many people who launder money and engage in illegal actions will also continue to trade Bitcoin in this market,which will bring certain benefits to our normal traders.influence.
What should I pay attention to when investing in Bitcoin?
The first aspect is that we must strictly control our risks in every operation,we must set a stop loss line,and we must not take chances in the market.
The second aspect is that people who do not have a certain amount of capital should not trade Bitcoin,especially those who want to make a small business.The smaller the capital,the greater the risk.In the Bitcoin market,there is a little bit of trouble.,may lead to the complete fall of small accounts.
The third aspect,do not trade too frequently.The number of transactions in a day is not particularly large.You have to find your own opportunities and find the rhythm before starting to operate.Placing an order easily will only lead to a large loss of your own funds,and will only lead to a slow loss of your own nature.Most people who operate frequently for a long time will not have a good result.
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How to trade bitcoin on the mutual market?
After talking about so many details about Bitcoin transactions,I believe that everyone also wants to know about the methods of Bitcoin transactions.So how should Bitcoin be traded?
First of all,we have to find a regulated exchange,so that we can bring more protection to our entire transaction.The more exchanges with customer groups,the more stable the entire market will be.
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We need to register a personal independent account in the reciprocal market.After we have our independent account,we need to buy our usdt,which is a common digital currency in the digital currency market.To conduct foreign trade transactions in the market,we must first exchange our Taiwan dollars for US dollars,and then go to the market to buy things.This Usdt is equivalent to the status of the US dollar in the international market,and it is also very stable.
(Buy up or buy down,and how many hands to enter)
The next step is to trade in the reciprocal market.When we see a good opportunity,if the market is constantly rising,in the intermediate market,we directly buy the rising market of Bitcoin.When the market continues to rise to a new height,after you think he can't rise,sell the bitcoin directly,successfully obtain the price difference,and a complete order will be successfully completed.
Having said all this,can you understand how Bitcoin should be traded?Be sure to control risks and don't lose yourself in the market.
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The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.
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