Trading cryptocurrencies, the only way to truly make stable big money is to chase the rise.

If someone approached the trading mindset of Livermore in the early stages of trading cryptocurrencies,

newbies die from chasing highs, this statement,

may be the exact opposite for you,

because it is precisely by chasing highs,

that you will not experience significant losses along the way.

After initially learning about Livermore,

I began to consistently chase mainstream coins that were reaching historical highs,

and then kept my losses to 10%,

so all along the way I just didn’t have much profit,

but I rarely had losses,

and I would always manage to chase some,

coins with huge price increases.

Chasing the rise is always correct, but you need to stop losses. Buying some popular coins that break new highs is not a problem at all, like ETH, AAVE, UNI, SUI, etc., which keep breaking, breaking, and breaking again. The more people buy, the more it rises, this is when you should enter the market. Retail investors always feel, “It has risen so much, it must be about to fall” and portray themselves as the coin gods. The biggest fear in trading coins is subjectivity, and the fear of being diligent.

Yes, you read that right! Only lazy people can make money.

In cryptocurrency trading, those who can truly make big money are definitely not the ones who buy low and sell high, but those who buy at high points and sell at even higher points, the so-called controlling dealers or institutions, this is the true strength that always remains strong, but it requires enough funds or influence to affect the entire market, because only a market that has enough space can thoroughly wash away floating chips, the 'bullish engulfing' pattern is a typical confirmation signal for the strong remaining strong, if you still cannot identify truly strong coins, take this pattern seriously until you can fully understand it.

The first thing to confirm about the 'bullish engulfing' pattern is the trend, it must be established as a bullish uptrend, with a bullish engulfing pattern occurring in the middle of the trend, and during this stage, the entire bullish uptrend has not been affected.