From entering the cryptocurrency circle with 50,000 to making a profit of 10 million, then to a debt of 8 million, then to a profit of 20 million, and now to financial freedom. In the past two years, from December 23, 2022, to August 6, 2024, I managed to turn less than 500,000 into a return rate of 418134.86%, achieving over 29 million. Here are some practical and useful suggestions for those just entering the cryptocurrency circle! My trading method is very simple and practical; I reached an 8-figure income in just one year, only trading one pattern, entering only when I see the opportunity, and not trading without a pattern, maintaining a win rate of over 90% for five years!
5 Iron Rules of Trading in the Cryptocurrency Circle
1. Rapid rise and slow correction: When the price rises rapidly and then stabilizes in correction, this often indicates that the dealer is secretly accumulating shares in preparation for the subsequent market trend.
2. Rapid decline and slow rise, the dealer is offloading: After a sharp drop in price, it gradually rebounds, usually indicating that the dealer is gradually selling off shares, suggesting that the market may be entering a downward phase.
3. Sufficient volume at the top, no need to rush to sell; caution is needed if volume decreases: High trading volume at a high position indicates there is still room for increase. However, if trading volume decreases, the upward momentum is insufficient, and one should decisively exit.
4. Watch for volume at the bottom; continuous volume is a buying point: Volume at the bottom may just be a short-term adjustment, so caution is needed. However, if trading volume continues to increase, it indicates sustained capital inflow, which is a good entry point.
5. Trading in cryptocurrency depends on sentiment, trading volume reflects consensus: The price fluctuations of cryptocurrencies are influenced by market sentiment, and trading volume reflects market consensus and investor behavior. Keeping close to trading volume and understanding changes in sentiment is key to seizing trading opportunities.