Trading cryptocurrencies isn't actually complicated; what's complicated is your hand, which can't stop clicking again and again. My approach is very simple: I only focus on one pattern; if the market isn't favorable, I put my phone down.
Here are four key points to remember:
1. A rapid bounce followed by a slow decline means that the big players are not playing their cards yet.
A rapid bounce followed by a slow decline means that the big players are quietly buying. Don't ask me how I know — I've learned all these lessons through painful experiences.
2. A rapid decline followed by a slow rise means they are giving you a chance to exit.
If the market is crashing hard and the recovery is just a slight cough, understand that this is the "distribution phase." If you don't exit now, you'll be the one holding the bag tomorrow.
3. Don't panic and sell at high volume during a market peak; instead, exit immediately at low volume.
High volume means there is still some life left, maybe one more bullish candle to come.
But if there is no volume, and now you can't even deceive yourself, don't hesitate; exiting with dignity is the start of salvation.
4. Crypto trading is emotional trading; this market runs on consensus, not sympathy.
Trading volume is a voting machine, not a lie detector. When everyone is in, that's called the market; if no one is paying attention, don't expect a miracle.
In the end, there is no shortage of opportunities in the crypto world; there is a shortage of patience in waiting for them.
Don't think every time that "this time is different"; the big players do not favor a new drama every time, they want you to stick to the same idea.
In short:
Only strike when you're sure, avoid unclear markets, think before you act, and clarify whether you are the hunter or the hunted.
He prays that we all avoid liquidation before sunrise — (of course, if you don't get too involved at night)
Don't buy at inflated prices!)