Insights from the Crypto World, hope it helps you

After a few years of navigating the crypto market, experiencing countless ups and downs, I have summarized my insights from these years into eight maxims.

1. Skillfully use the morning market: In the morning, the sentiment in the crypto market is the purest. If the price plummets significantly, don’t panic; this might be a good opportunity to 'scoop up' at a low price. If the morning shows a strong upward trend, don’t be greedy; take the opportunity to sell for profit and secure your gains.

2. Master the afternoon strategy: If there’s a sudden surge in the afternoon, don’t get carried away and follow the trend. Most of the time, this is just a false rally, and buying at high levels can lead to losses. Conversely, if there’s a significant drop in the afternoon, stay calm and observe for a while; often, you can find a good entry point at a lower price the next day.

3. Maintain a steady mindset during declines: If you wake up in the morning to see a significant drop in prices, don’t rush to cut losses. The market changes rapidly, and morning fluctuations are often a 'smoke and mirrors' trick; if the market is stagnant with no fluctuations, don’t rush to act. It’s better to take a break, recharge, and wait for opportunities.

4. Strictly adhere to buying and selling principles: If the coins in your possession haven’t reached your expected high, don’t easily sell them. Earning less is still a loss; if the price hasn’t dropped to your psychological level, control yourself and don’t buy rashly to avoid catching a falling knife. As for sideways trading, when the trend is chaotic and direction is unclear, trading at this moment is like a blind person feeling an elephant—it's better to observe from the sidelines.

5. Operate based on candlestick patterns: Buy on bearish candles, sell on bullish candles—this is a classic strategy. A bearish candle indicates a price correction and cheaper chips, which is a good time to buy; a bullish candle signals a short-term upward trend, so sell at a high to secure profits.

6. Break through with contrarian thinking: To stand out in the crypto world, sometimes you have to do the opposite of what everyone else is doing. When everyone is enthusiastically chasing, keep a cool head; when people are panic-selling, be bold and dare to go against the trend to find niche opportunities for wealth outside the mainstream wave.

7. Endure the agony of consolidation: Prices that consolidate at high or low levels for a long time can be very torturous. At this time, don’t let anxiety push you into rash actions; be patient and wait until the trend is clear, whether it’s an upward breakout or a downward plunge, and then strike with full force.

8. Seize the tail of the surge: After a prolonged period of sideways movement at high levels, once there’s a renewed upward momentum, don’t hesitate; this is likely the last craziness. Sell promptly to secure your profits, or else they may slip away, and the cooked duck could fly away.