I have an old friend in Shenzhen, 42 years old, who has been in the cryptocurrency circle for 7 years.
He didn't rely on insider information or luck, but instead, with a simple set of rules, turned 500,000 into over 50 million.
He has experienced the heat of bull markets and the cold of bear markets, remaining steady, accurate, and fierce, using execution to survive in the market.
These six principles are the essence of his years of experience:
1️⃣ Rapid rises and slow declines often indicate accumulation.
A sharp rise followed by a gentle correction indicates that the main force is collecting. Don't be scared away by small drops.
2️⃣ A sharp drop is hard to recover from; be wary of selling.
After a sharp decline, a weak rebound often means that the market makers are exiting; don't try to catch the bottom.
3️⃣ High volume at the top doesn't necessarily mean it's the peak.
Sometimes it's the starting point for a new round of highs; what is truly dangerous is low volume at the top.
4️⃣ Bottoms with volume require multiple confirmations to be stable.
One instance of high volume doesn't indicate a bottom; multiple instances of high volume indicate consensus formation.
5️⃣ Emotional consensus is more critical than technology.
Volume reflects emotions; understanding people's hearts is more important than reading charts.
6️⃣ Calmness like water leads to longevity.
Don't be greedy or fearful; patiently wait for opportunities, and the market will naturally come to you.
He often says: "The enemy of trading is not the market, but the human heart."
You're not moving slowly; you're just lost in direction. The light is on; just keep up.
Daily focus: OL EVAA KITE MDT ENSO
