At 4 AM on January 1, 2024, TRB instantly surged from around 240 to nearly 700. I blew up, completely and utterly. From profit to debt of a million, from holding a short position at 45 to over 600, during which I continuously faced liquidation and reopened positions. I experienced the darkest moment of my life and realized for the first time that the crypto world is scarier than any red or blue market. In the end, all savings gone, with a debt of 850,000. After 1 year and 8 months, I still owe over 500,000. A new fan said to me:
He asked me: Brother, can I turn my situation around? So desperate! I just said one thing: Yes!
During this period, I watched the candlestick charts and monitored 'on-chain holdings'.
A while ago, I was trading MYX, and I identified the right moment, heavily invested at the bottom, with a small loss I made 7 times in 2 days.
I made a big profit! Later, we adjusted our mindset, slowed down a bit to prevent getting carried away.
I treat the market as a pack of wolves, only following the wolf king.
Who is the wolf king?
—— The top ten addresses on-chain.
If the wolf king doesn’t move, the pack won’t be chaotic.
The criteria I use are just three:
1. Price halved within 72 hours;
2. Trading volume increased threefold at the same time;
3. The top ten addresses remained unchanged.
When these three indicators light up together, I open a position:
Position size 30%, stop loss 2%, take profit 20% in batches.
The logic is simple and brutal:
A sharp decline = retail investors collectively surrendering;
Increased volume = someone is moving the chips;
Stable addresses = the wolf king is holding steady, waiting for others to lift it up.
As for what the project team is bragging about, what time does the Federal Reserve hold its meetings?
Not important.
I only look at one thing: Does the wolf king need to eat?
If it’s hungry, I offer chopsticks;
If it’s full, I immediately leave.
The secret is not in predicting, but in execution:
Cut losses when needed, take profits in batches;
Once I place an order, I shut down my computer, go for a walk, drink tea, or sleep.
Opportunities to double your investment always appear in moments of despair:
When the screen is filled with wails, I click 'Buy';
When the group is bragging about a bull market, I click 'Sell'.
Let’s take it slow; I believe slow is fast!
Remember one thing:
Diligently watching the market isn’t as good as watching the wolf king; complex indicators aren’t as good as looking at holdings.
Want to turn your situation around?
Being with the right people is better than anything else. $BTC