Trading cryptocurrencies isn't actually complicated; what's really complicated is your hands, always unable to resist clicking around.
My method is very simple: I only focus on one pattern; if the market isn't right, I'd rather put my phone down and take the dog for a walk.
Four points to remember:
1. If it rises quickly and falls slowly, it means the operators are waiting for a big move.
After a sharp rise, if it slowly pulls back, it's not resting; the operators are secretly accumulating. Don't ask me how I know, it's all experience from being cut out.
2. If it falls quickly and rises slowly, it's basically leaving you a way out.
It crashes down like diving, but the rebound is as weak as a cough; don't be foolish, this is called the "distribution phase"; if you don't leave now, you'll become a model of the bag holders.
3. Don’t panic when there’s high volume at the top; run quickly when there’s low volume at the top.
High volume indicates there's still action; there might be one more bullish candle sending you off.
But if there’s no volume at all, and you can’t even fool yourself, then don’t hesitate; running away is the starting point of dignity.
4. Trading cryptocurrencies is about trading emotions; the market relies on consensus, not empathy.
Trading volume is a voting machine, not a lie detector. When everyone rushes in, that’s called a market; if no one pays attention, don’t fantasize about miracles.
In the end, the crypto space isn’t lacking opportunities; what it lacks is patience to wait for opportunities.
Don’t think every time is "different"; the operators don’t want to put on a new show every time; they just love your single-mindedness.
In short: Wait until you see clearly before taking action; avoid ambiguous markets; think before you act, and be clear whether you are the hunter or the prey.
