Achieving financial freedom at 30, I rely on cryptocurrency trading, but what truly changed my fate are these 6 words.
I started to get involved in cryptocurrency at 24,
with no background, no resources,
just a laptop and a phone,
and by 2024, I grew my account to 8 figures.
But I want to tell you: technology is not the key, mindset is the deciding factor.
Those who do e-commerce or physical businesses may envy us cryptocurrency traders for not having inventory or disputes,
but only those who have experienced it know that this market is a psychological battleground.
With 6 years of experience, I have summarized 6 survival rules in the cryptocurrency world,
I hope you take fewer detours and achieve “freedom” sooner.
【6 Major Laws of Cryptocurrency|Understanding them is worth more than learning ten types of techniques】:
1. Rapid rise and slow fall = accumulation
A strong rise and a slow decline indicate that big funds are secretly accumulating. Don’t fear the drop; pay attention to the rhythm.
2. Rapid fall and slow rise = distribution
A sharp drop followed by a weak rebound indicates that the insiders are fleeing. Don’t be greedy for bargains; be careful not to become a bag holder.
3. High volume at the top = possible continued rise; low volume at the top = time to flee
Volume determines direction; with volume, there’s action; without volume, it’s the end of the line.
4. Don’t act impulsively on volume at the bottom; sustained volume is safe
One instance of volume may be bait; multiple instances of volume indicate consensus is forming.
5. Trading cryptocurrency is trading emotions; consensus determines direction
Forget the complicated structure of candlesticks; return to market psychology; volume is the mirror of consensus.
6. “Nothing” equals everything
Without obsession, greed, or fear, you have a real chance of winning.
Those who can remain in cash and wait for opportunities deserve to have significant market movements.
One last point: the only enemy in cryptocurrency trading is yourself.
Data from the beautiful country, mandatory announcements, and the main forces’ rise,
these pieces of information are just appearances; the real variable is the fluctuation in your mind.
Finally, I am a member of the security team, and I hope today’s sharing of insights brings you some gains and realizations during your confusion. $BTC