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Common professional terms in virtual currency transactions

Position: refers to the proportion of actual investment and actual investment funds of investors.

Full position: All funds to buy virtual currency.

Selling: Selling some of the virtual currency, but not all of it.

Heavy position: compared with virtual currency, virtual currency accounts for a larger share of available funds.

Light position: compared with the available capital and virtual currency, the share of available capital accounts for more.

Empty position: the hand holding virtual currency all sold, all for funds.

Stop profit: after earning a certain amount of profit, sell the virtual currency held to maintain profit.

Stop loss: after the loss to a certain extent, the virtual currency will be sold to prevent further loss.

Bull market: Prices continue to rise and the outlook is optimistic.

Bear market: Prices continue to fall and the outlook is bleak.

Long: A buyer who believes that the price of a currency will rise in the future. He buys a currency and, when the price rises, sells it at a higher price to make a profit.

Short: A seller who, in the belief that the price of a currency will fall in the future, sells the currency he holds (or borrows it from a trading platform) and buys it at a lower price to make a profit when the price falls.

Build positions: buy virtual currency.

Cover position: buy virtual currency in batches, such as: buy 1BTC first, and then buy 1BTC.

Full position: buy virtual currency all at once.

Rebound: A correction in the price of a currency when it has fallen too fast.

Consolidation (sideways) : the price fluctuates less and the currency is stable.

Yin drop: the price of the currency slowly slide.

Plunge (waterfall) : the price of a currency falls rapidly and sharply.

Cutting flesh: after buying virtual currency, the price of the currency falls, and selling virtual currency at a loss to avoid further losses.
Or borrow money to short, currency prices rose, loss to buy virtual currency.

Catch up: expecting the price of a currency to rise, but not expecting it to fall after buying;
Or anticipating a decline in the price of the currency, only to see the price rise after the sale.

Solution: after buying virtual currency, the currency price fell and caused temporary book loss, but then the currency price recovered and turned the loss into profit.

Short ride: because the bearish market after selling virtual currency, currency price has been rising, failed to buy in time, so failed to make a profit.

Overbought: currency prices continue to rise to a certain height, buyer power is basically exhausted, currency prices are about to fall.

Oversold: the currency price continues to fall to a certain low point, the seller’s power is basically exhausted, the currency price is about to rise.

Lure more: currency price consolidation has been a long time, the possibility of decline is larger, most of the bears have sold virtual currency, suddenly empty side will be higher currency price, induce many to think that the price will rise, have to buy, the result of empty side pressure currency price, so that many caught up.

Lure empty: long buy virtual currency, deliberately suppress the price of the currency, so that the bear thought that the price of the currency will fall, have been thrown out, the result into the trap of long.