Insights from the Crypto World

After years of navigating the ups and downs of the crypto market, I have summarized my insights from these years into eight key phrases.

1. Skillfully Use Morning Trends: In the morning, the crypto market's sentiment is at its purest. If the price drops sharply, don't panic; this may be a good opportunity to buy at a low price. If the price rises significantly in the morning, don't get greedy; take the opportunity to sell for profit and secure your gains.

2. Master Afternoon Strategies: If there is a sudden surge in the afternoon, don't get carried away and follow the trend blindly; most of the time, it’s just a false alarm, and buying at high prices can lead to losses. Conversely, if there is a significant drop in the afternoon, stay calm and observe for a while, then look for the right low point to enter the market the next day, as you may often get low-priced assets.

3. Stabilize Your Mindset During Declines: If you wake up in the morning to see a significant drop in prices, don't rush to cut your losses. The market changes rapidly, and early morning fluctuations are often misleading. If the market is stagnant and calm, don't be anxious; take a break to recharge and wait for opportunities.

4. Strictly Adhere to Buying and Selling Principles: If the cryptocurrency in your hand hasn't reached the expected high, don't sell easily; making less profit is still a loss. If it hasn't dropped to your psychological price, hold back and don't rush to buy, to avoid buying at a halfway point. As for the sideways phase, with a chaotic trend and unclear direction, trading at this time is undoubtedly like a blind man touching an elephant; it’s better to observe from the sidelines.

5. Operate Based on Candlestick Patterns: Buy on bearish candles and sell on bullish candles; this is a classic strategy. A bearish candle indicates a price correction and cheaper assets, making it a good time to enter. A bullish candle signals a short-term upward trend, so sell at a high to secure profits.

6. Breakthrough with Contrarian Thinking: To stand out in the crypto world, sometimes you must do the opposite of what others are doing. When everyone is fervently buying, maintain a bit of calm; when everyone is panicking and selling, be courageous and willing to operate counter to the trend, which can lead you to niche opportunities for wealth outside the mainstream wave.

7. Endure the Pain of Consolidation: When prices are consolidating at high or low levels for a long time, it can be exhausting. At this time, don't let anxiety drive you to act rashly; be patient and wait for the trend to clarify whether it will rise or fall before making a full commitment.

8. Seize the Tail End of the Surge: After a long period of consolidation at high levels, once there is another upward push, don't hesitate; this is likely the final frenzy. Sell promptly to secure your profits in hand, or else they may slip away quickly, and the cooked duck will fly away.