I am the queen of cryptocurrency, from Tianjin, 35 years old, currently residing in Guangzhou. I have been trading cryptocurrencies for seven years, starting with a capital of 50,000 earned from working to reach 7 million, having encountered all pitfalls and seen all tricks. Today, I will lay out six iron rules earned with real money; if you understand one, the 100,000 tuition fee will not be in vain.
If you achieve three of them, you can definitely crush 90% of the retail investors in the market.
When there is a rapid rise and slow decline, don’t rush to cut losses.
Is the coin price soaring up quickly, then slowly grinding down? Don’t panic and sell! This is most likely the market makers washing out the weak hands like you who can’t hold onto your chips. The real danger is the sudden explosive rise followed by a “snap” drop; that’s a trap set by the market makers to lure you into buying high!
When there is a rapid drop and slow rebound, don’t be tempted to catch the bottom.
When the coin price is plummeting like a waterfall and then slowly rebounding like a snail? Put away your fantasy of “it has dropped so much, it should rebound!” This is clearly the market makers offloading their positions, and the so-called “rebound” is just the last wave of fake movements, specifically designed to trap people like you who think they are clever.
Don’t be afraid when there is high volume at the top; run away when there is dead volume at the top.
Can the coin price continue to rise with sustained high volume? It might even soar further, as new funds are still entering the market. If there is suddenly explosive volume at the bottom, don’t get excited; sustained high volume is the real signal.
Is a coin that has dropped for a long time suddenly showing a huge bullish candle with massive volume? Don’t rush to celebrate! A one-time spike in volume could be a false move by the market makers. Keep an eye out for if it continues to consolidate with reduced volume; when the trading volume starts to increase continuously, that’s the true signal that the market makers are building their positions, and it’s not too late to act then.
Trading cryptocurrencies is about understanding the human psyche, and don’t get the volume and price mixed up.
Do you think you are looking at candlesticks? Wrong! The essence is to see how a group of people goes crazy. Trading volume is the mirror of this craziness; price is just a dog pulled along by emotions. When volume rises, price will follow; when volume shrinks, price will inevitably fall.
The word “no” is the ultimate mindset.
Without obsession, you can stay in cash and wait for the most stable opportunity; without greed, you won’t chase highs and get trapped; without fear, you can dare to buy in during a crash with bloody chips.
Opportunities are never lacking; what’s lacking is a mind that understands the rules. These six iron rules are what I have earned through seven years of blood and tears; whether you believe it or not is up to you.
The daily sharing of the Crypto Queen; the team behind only serves ambitious madmen, directly feeding you the secret of tenfold coins into your mouth.
