Many people have been trading cryptocurrencies without understanding one thing:
The market is never about technical skills; it's about who can understand the emotions of the big players.
You think you're focused on the candlestick chart, but in reality, you're competing with the entire market's 'emotion.'
A sharp rise or a slow decline is not for your profit; it's the big players washing out the retail investors.
A sudden crash followed by a slow recovery is about collecting the last batch of believers' orders.
You ask me how to read the market? I say, don't rush to look at prices; first, look at the volume.
With volume, there’s a story; without volume, it’s just loneliness.
If there's no volume during a spike, don't get excited; that's not an opportunity, it's a meat grinder.
If there's high volume at the bottom, don't get overexcited; you need to see if there's a sustained rhythm.
In the past, I believed everything; I would jump in at every rise and buy during declines, resulting in my account getting smaller and smaller.
Later, I learned to focus on just two things: trading volume + a sense of rhythm,
and I finally stabilized, transforming from a losing retail trader into someone who gradually reaps the rewards from others.
To be honest, the true sophistication of trading is not about flaunting indicators or performing some miraculous moves,
it's about being able to 'stay in cash,' 'not being greedy,' 'doing what you understand and lying down when you don’t.'
No emotions, no obsessions, no impulses.
This is the ultimate form of trading.
Still, as the saying goes, a single tree cannot make a forest; a lone sail cannot travel far!
Having a good team to guide you is always much stronger than going solo; I have always been here!!!