Coin Circle Washing Techniques

Cryptocurrency market washing refers to the method used by traders to clear out the weak chips among currency holders through selling or buying operations. Common methods include selling market washing, pulling up the market, shock washing, and news washing. When dealing with a washout, stay calm, judge the washout behavior, stick to high-quality assets, and increase your holdings at low levels.

Coin Circle Washing Technique

What is washing?

Cryptocurrency market washing refers to a method in which traders use a series of selling or buying operations to remove weak chips from currency holders. Its purpose is to create panic or excitement to force some investors to sell their chips, thereby reducing market volatility and creating conditions for subsequent rising prices.

Common washing techniques:

1. Selling and washing:

• Traders sell a large amount of chips in their hands to create panic in the market.
• Investors sell their chips due to panic, causing market prices to fall.
• Traders buy the chips sold at low prices to reduce the cost of opening a position.

2. Pull up and wash the market:

• Traders first push up the market price to attract investors to chase the increase and buy.
• When the price reaches a certain height, traders suddenly sell their chips, causing the market price to fall.
• Profit-taking and high-chasing retail investors sell their chips due to losses, leaving cheap chips for traders.

3. Shock wash:

• Traders maintain market prices within a certain range by selling high and buying low.
• Investors consume position costs due to hesitation or frequent operations.
• Traders accumulate chips in volatile market conditions or wait for the right time to enter the market.

4. News wash:

• Traders use negative news or good news to affect investor sentiment.
• Spurred by negative news, investors panicked and sold their chips.
• Traders, stimulated by the good news, raised the market price, attracting investors to chase the increase and buy.

How to deal with dishwashing?

• Keep calm and don’t be swayed by your emotions.
• Analyze market conditions and determine whether it is a washout.
• Stick to high-quality assets and don’t sell them easily.
• Use the opportunity of the market wash to accumulate chips at low levels.

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