Ten years of insights in the cryptocurrency world, allowing me to earn millions annually! 🔥🔥
Having navigated the crypto market for many years, experiencing countless ups and downs, I have summarized my insights into eight key phrases.
1. Make good use of the morning market: In the morning, the market sentiment is at its purest. If prices drop significantly, don’t panic; this might be a good opportunity to 'pick up bargains' at a low price. If the morning sees a strong upward trend, don’t be greedy; take the opportunity to sell for profit and lock in gains.
2. Manage afternoon strategies: If there’s a sudden surge in the afternoon, don’t get carried away and follow the trend; most of it is just hype, and buying at high levels can lead to losses. Conversely, if there’s a significant drop in the afternoon, stay calm, observe for a while, and look for a low point the next day to enter the market, which often allows for acquiring low-priced assets.
3. Stabilize your mindset during downturns: If you wake up to see a major drop in cryptocurrency prices, don’t rush to cut your losses. The market changes rapidly, and early morning fluctuations can be deceptive. If the market is stagnant with no movement, don’t be anxious; take a break, conserve your energy, and wait for opportunities.
4. Strictly adhere to buying and selling rules: If the cryptocurrency you hold hasn’t reached your expected high, don’t sell easily; earning less is still a loss. If it hasn’t dropped to your psychological price, control your impulses and don’t buy hastily to avoid averaging down at a bad point. During sideways movements, when trends are chaotic and direction is unclear, trading is akin to a blind man touching an elephant; it’s better to observe from the sidelines.
5. Operate based on candlestick patterns: Buy on bearish candles, sell on bullish candles; this is a classic strategy. A bearish candle indicates a price correction, making assets cheaper, which is a good time to buy; a bullish candle signals the formation of a short-term upward trend, making it a good time to sell at a profit.
6. To stand out in the crypto world, sometimes you need to go against the tide. When everyone is enthusiastically buying, maintain a bit of calm; when there’s panic selling, be a bit more decisive and dare to go against the trend, as that’s when hidden opportunities for wealth exist outside the mainstream wave.
7. Long periods of price consolidation at high or low levels can be very frustrating. During this time, don’t let anxiety overwhelm you and act rashly. Be patient and calm; wait until the trend becomes clear, whether it’s an upward move or a downward probe, before making your move.
8. After a long period of consolidation at high levels, if there’s a renewed surge, don’t hesitate; this is likely the final frenzy. Sell promptly to secure your profits, or they may vanish in an instant, and the cooked duck may just fly away.
