How to view the 17-year-old Chinese Liu Xi, who turned 1,000 yuan into 10 million yuan in 7 days (May 19, 2021), claiming to be a genius in the contract trading of the cryptocurrency world?
Looking at the candlestick chart, ETH is generally experiencing a wide range of fluctuations downward. Initially, Liu Xi engaged in both long and short trades. Due to the significant amplitude of the fluctuations, combined with leverage of dozens of times, enough volatility can be captured. Although Liu Xi alternated between long and short trades, he accurately judged that the ETH trend was downward, so his entry points and timing were relatively precise.
In the final wave of the crash, Liu Xi captured the full extent of the decline, and at the lowest point, he reversed his position to go long, thus earning a windfall of 1 million USDT.
During the final wave of the crash, there was a key subplot where a fake rebound occurred, and Liu Xi initially went long, posting it on Twitter simultaneously. This led many to mistakenly believe that Liu Xi had been liquidated midway. In reality, once Liu Xi saw that the momentum was not right, he quickly reversed and went short again. This reflects Liu Xi's decisive trading operations and his rich experience in contracts.
In summary: Liu Xi has sufficient skills and courage, and today’s market is one Liu Xi is familiar with, making it suitable for his trading style. Today's market has made today's Liu Xi.
Timing, location, and harmony of people are all essential.