I am 32 years old this year, started trading cryptocurrencies at 22, and by 2023-2024, my funds reached 8 figures. My current lifestyle involves staying in high-end hotels costing around 2000 yuan whenever I go out, which is much more comfortable than what the older generation in traditional industries or the post-80s in e-commerce experience!
As an experienced trader with 10 years of cryptocurrency trading, I am undaunted by market fluctuations, having weathered both bull and bear markets. My ability to survive in this market relies on these 5 rules! They are the accumulation of my years of experience! Take your time to read through, fill in the gaps, and I believe you will gain something valuable!
1. Rapid rises and slow declines indicate accumulation.
A quick rise but a slow decline suggests that the market makers are accumulating positions in preparation for the next round of increases.
2. Rapid declines and slow rises indicate distribution.
A fast drop but a slow rise means that market makers are gradually selling off, and the market is about to enter a downward cycle.
3. Don't sell on high volume at the top; run if there’s low volume at the top.
High trading volume at the top may indicate further increases; however, if the trading volume at the peak shrinks, it indicates insufficient upward momentum, and one should exit quickly.
4. Don't buy on high volume at the bottom; continuous high volume can be a buy signal.
High volume at the bottom may indicate a continuation of the decline; it needs to be observed. Continuous high volume indicates that funds are continuously entering, which could be a buying opportunity.
5. Trading cryptocurrencies is trading emotions; consensus equals trading volume.
Market sentiment determines the price fluctuations of cryptocurrencies, and trading volume reflects market consensus and investor behavior!
Changing even a little is not cool; it can be filled with pain.
Every step forward, every lift of the leg, is accompanied by soreness. Only by tearing away the old muscles can stronger muscles grow. Only by shattering the original understanding can a new self be reconstructed. The cycle of charging ahead and retreating in despair is played out repeatedly, making it very hard to endure; ordinary people simply cannot withstand it. Even worse, some people don't even have the opportunity to change.
Respect the market, continuously learn and delve deeper, constantly optimize systems and acquire new knowledge, and never think you are capable or invincible! Only by remaining vigilant and considering different changing circumstances can one become the ultimate winner in this market!
Follow the black cat closely, analyze with precise strategies, and leverage massive AI big data selections to keep yourself invincible? The market never lacks opportunities; the question is whether you can seize them. By following experienced people and the right individuals, we can earn more!