Trading cryptocurrencies isn't actually complicated; what's complicated is your hand, always unable to resist clicking here and there. My method is simple: only focus on one pattern; if the market isn't right, I'd rather turn off the computer and go to sleep.
Four rules to remember:
1. When it rises quickly and falls slowly, it means the big players are holding back a big move.
After a surge, if it slowly retraces, this isn't resting; it's the big players secretly accumulating. Don't ask how I know, it's all experience from being cut out.
2. When it falls quickly and rises slowly, it basically means they're leaving you an escape route.
When it crashes down like a dive, but the rebound is weak like a cough, don't be foolish; this is called the "distribution phase". If you don't leave now, you'll become a model for the bag holders.
3. Don't panic sell when there's high volume at the top; run quickly when there's low volume at the top.
High volume indicates there's still hope; there may still be another bullish candle above to send you off.
But if there's no volume at all, and you can't even deceive yourself anymore, 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.
Volume is a voting mechanism, not a lie detector. If everyone rushes in, then that's called a market trend; if no one cares, then don't dream of miracles.
Ultimately, the crypto space lacks opportunities, but it lacks patience in waiting for opportunities.
Don't always think "this time is different"; the big players don't want to perform a new play every time; they just love their one-track mind.
In short: wait until you are sure before taking action; avoid unclear markets; think before acting, and clarify whether you are the hunter or the prey.
The trends in the crypto space are full of uncertainty and challenges, but also contain potential opportunities. Investors participating in crypto investments should fully understand the associated risks, remain calm and rational, and respond to market changes with a steady strategy!