An old senior once said: 'The essence of the crypto world is actually an emotional game.'
This sentence, when I heard it back then, directly enlightened me.
He invested 100,000 and now holds 42 million in market value. The secret? It's not about divine operations or insider information, but rather: emotional management + solid strategies.
The crypto world is not a casino; it's a place for personal growth.
Keep pace, control emotions, and the market will naturally become your ATM.
The market is like waves, and strategies are the boats. Below are the operational mantras I have polished in practice, may you no longer act blindly in the crypto market:
[Entry Mindset]
First practice the mind, then enter the market; advance step by step, do not seek quick success.
[Consolidation Trading]
Low-level consolidation repeatedly hitting new lows is a good opportunity to build positions on the left side.
High-level fluctuations repeatedly hitting new highs should decisively take profits and exit.
[Volatility Response]
A sharp rise must be followed by a pullback, do not get attached to the high;
A plunge does not necessarily mean the bottom, entry requires observation;
Consolidation often indicates accumulation, hold your positions steadily and avoid frequent trading.
[Buying and Selling Mantras]
'Do not chase the rise, do not kill the fall, buy in fear, sell in greed.'
A sharp drop in the early session is often an opportunity to get in.
An afternoon surge is often a sign of harvesting.
Do not be led by emotions, patterns are present in the market.
[Risk Awareness]
Be cautious after a big rise, prolonged consolidation can easily lead to a trend change;
Going with the trend is the kingly way, countertrend trading requires extreme risk control;
Always remember one thing: full positions = gambling.
Besides mindset, practical strategies must also be mastered:
Fluctuation Trading Method
Most market movements are fluctuations. Identify the range, use Bollinger Bands + volume to determine highs and lows, sell high and buy low, control greed.
Breakout Following Method
After a long period of consolidation, once the direction is clear, following the trend is a fast-paced profit magic. The key is to distinguish between true and false breakouts.
Trend Following Method
In a unilateral trend, 'going with the trend' is always the safest choice. K-line patterns + trend indicators + volume resonance allow for fast and steady profits.
Support and Resistance Method
Technical analysis is not metaphysics. Resistance and support levels are often key decision points, relying on trend lines + moving averages + BOLL bands for multidimensional judgment is more reliable.
Retracement Rebound Method
After sharp rises and falls, there are often short-term rebound or pullback opportunities; recognize key K-line patterns, act when most people are still in panic, and the success rate is higher.
Time Period Strategy Method
Morning and afternoon sessions are relatively stable, suitable for light and steady trading;
Night sessions and early morning have large fluctuations, suitable for experts to battle. Different personalities and strategies, choosing the right trading time period is crucial.
Finally, I want to give you a piece of advice while trading:
Trading cryptocurrencies is about human nature, and only those with the right mindset and understanding can weather the bull and bear markets.
The market will not always be euphoric, nor will it remain low forever.
True experts are steady as a rock in fluctuations and strike decisively when opportunities arise.
Instead of being anxious, improve yourself; instead of frequent trading, establish your own trading system.
Welcome to join my strategy circle, let's walk out a profitable path of our own in this stormy market.
