I am Caiyue from the cryptocurrency world, a 34-year-old from Changsha, now settled in Dongguan. I've been trading coins for three years, growing my initial capital of 80,000 earned from working to 2 million, to be honest.
In these 1000 days, I have stepped on every pitfall and seen all the tricks. Today, I will share six iron rules that I have bought with real money for free. If you understand one, the 100,000 tuition fee is not in vain; if you apply three, I dare say you will definitely crush 90% of the retail investors in the market.
Caiyue's Six Iron Rules, remember:
Don't panic sell when there’s a rapid rise and slow decline.
When the price of coins shoots up quickly and then slowly grinds down? Don’t rush to cut your losses. This is mostly the market makers washing the positions, targeting people like you who can’t hold onto your chips. The real danger is a sudden drop after a big surge—this is a trap to lure you in!
Don’t be impulsive when there’s a rapid drop and slow bounce.
A waterfall-like drop, followed by a snail-like crawl back up? Put away your thoughts of bottom fishing! This is clearly the market makers unloading their positions. Don’t fantasize that “it has dropped so much, it should bounce back,” the last wave of false rebound is specifically set up for those who think they are clever!
If there’s volume at a high position, don’t be afraid, but if there’s dead volume at a high position, run fast!
If the price of coins is rising and the volume is continuously increasing? It may still soar for a while. But if it’s at a high position, and the volume is dead like a pile of mud? Quickly run! If there’s no new money coming in to take the positions, a crash can happen in an instant.
Don’t get excited by unusual movements at the bottom; sustained volume is the real deal!
If there’s a sudden explosive volume after a big drop? Don’t celebrate too early! It might be a fake move by the market makers. Keep a close eye on sustained volume, especially after a long period of low volume consolidation—this is the real signal that the market makers are building their positions!
Trading cryptocurrencies is about understanding human psychology; don’t confuse volume with price!
You think you are looking at K-lines? Wrong! Essentially, you are observing how a group of people goes crazy. The trading volume is a mirror of this level of madness; the price is just a dog being led by emotions!
The character 'Wu' is the highest realm.
Without obsession, you can hold cash and wait for that fatal strike; without greed, you won’t chase the doomed high points; without fear, you’ll have the courage to catch it when the knife falls! This isn’t called being Zen; this is the top-level trading mindset—you have to be tough enough to deserve it.
Market conditions? Opportunities are never lacking!
Follow Caiyue, and I will help you see market signals clearly every day, with strategies laid out in advance. #加密市场回调
