Insights from the Crypto World

After years of navigating the crypto space, experiencing countless ups and downs, I have summarized my insights over the years into eight maxims.

1. Skillfully Use Morning Trends: Early morning is when market sentiment is most genuine. If prices plummet significantly, don't panic; this could be a great opportunity to 'pick up' at a low price. If the market surges dramatically in the morning, don't be greedy; take the chance to sell and lock in profits.

2. Master Afternoon Strategies: If there is a sudden surge in the afternoon, don't let excitement cloud your judgment and chase the trend. Most of the time, it’s just false enthusiasm, and buying at high levels can lead to losses. Conversely, if there’s a significant drop in the afternoon, it’s wise to stay calm, observe for a while, and look for the right entry point the next day to acquire low-priced assets.

3. Maintain Composure During Downtrends: If you wake up to see a significant drop in coin prices, don’t rush to cut losses. The market changes rapidly, and morning volatility is often just an 'illusion.' If the market is stagnant and shows no signs of movement, don't rush; take a break, recharge, and wait for opportunities.

4. Strictly Adhere to Trading Principles: If the coins you hold haven't reached your expected high price, don’t sell them off easily; making a small profit is still a loss. If prices haven’t fallen to your psychological price level, resist the urge to buy impulsively to avoid catching a falling knife; in sideways markets, where trends are unclear, trading is akin to a blind person trying to feel an elephant; it’s better to observe from the sidelines.

5. Operate Based on Candlestick Patterns: Buying on bearish candles and selling on bullish candles is a classic strategy. A bearish candle indicates a price correction and cheaper assets, presenting a good buying opportunity; a bullish candle signals the formation of a short-term uptrend, and it’s wise to sell at a high point to secure profits.

6. Think Contrarian to Break the Mold: To stand out in the crypto world, sometimes you need to go against the tide. When the crowd is enthusiastic, maintain some calm; when everyone is in a panic selling mode, be bold and dare to act contrarily to find niche opportunities for wealth outside the mainstream wave.

7. Endure the Hardships of Consolidation: When prices consolidate at high or low levels for a long time, it can be torturous. At this time, don't let anxiety push you into hasty decisions; practice patience and wait until the trend becomes clear—whether it’s an upward attack or a downward probe—then strike with full force.

8. Seize the High Surge Moment: After a prolonged period of consolidation at high levels, once the market shows a renewed upward momentum, don't hesitate; this is likely the last surge. Sell in time to secure your profits; otherwise, they may vanish in an instant, and the cooked duck may fly away.