After ten years of trading cryptocurrencies, I would like to share my personal insights with everyone!
I am 36 years old this year. I started my cryptocurrency trading journey at 25, and by 2024 - 2025, my assets successfully increased to an eight-figure sum.
Looking back over the past decade, I have hardly been caught up in those business disputes and troubles. I have had much fewer worries, and because of this, I have the leisure and patience to summarize the insights I have gained over the years. In my view, when it comes to trading cryptocurrencies, mindset is of utmost importance, while technology is secondary.
Next, I will share my practical experience with everyone without reservation.
Trading cryptocurrencies is not a shortcut to getting rich.
The path to getting rich quickly in the crypto world is completely unfeasible because the odds do not support it; it's not enough to solve the problem with just one stroke of luck. Therefore, we can only follow the path of reducing risks and return expectations, investing with high probabilities, and solving problems through reasonable planning and long-term correctness.
We cannot blindly believe that the life situation accumulated over the first 30 years can be changed within minutes of entering the market; this is a path that must be walked step by step with solid footing. First, take each step carefully, and do not ignore the risks at your feet for the beautiful scenery 100 kilometers away. The difficulty of investing lies in the fact that many people are willing to spend 6 years looking for a method to directly jump to the sixth grade but are unwilling to patiently learn from the first grade for 6 years.
In the market, there are no invincible generals; humility does not always lead to progress, pride will inevitably result in setbacks, and a single misstep can lead to total loss.
There are no shortcuts in trading; success is definitely not easy. Every trader wants to quickly find the path to success, but in reality, the vast majority will perish along the way.
For investors, having confidence, patience, and adaptability is essential for risk prevention.
Engaging in any investment activity requires confidence and patience for the possibility of eventual profit.
Success inevitably comes from adhering to the right habits and continuously refining one's character.
Perseverance, patience, confidence, and a strong commitment to accumulation are the attitudes of a professional trader.
Investing in the crypto world is an art; the highest realm of market cultivation is the cultivation of life and understanding of life and society.
An investor who is merely obsessed with the market cannot become a true expert; breaking free from human weaknesses and viewing the market from the outside is the only way to truly understand the essence of the crypto world.
Family members, this article must share a super practical method to help everyone break the investment curse of 'buying leads to a decline, selling leads to an increase'. This method is a secret that the main force least wants us to understand!
I believe many friends have had this experience:
Seeing a large bullish candle, thinking the market is great, rushing in, only to be hit hard by the market.
Or you may have painstakingly drawn a bunch of support and resistance lines, hoping they would come in handy, but the market doesn't follow the rules.
Don't panic; today I will teach everyone in the simplest terms how to clearly see the intentions of the main force using vertical bullish and bearish bars!
Let me first explain what vertical bullish and bearish bars are. They are actually two special candlestick patterns:
The first type is the vertical demand bar, which is a bullish bar.
Its characteristic is that a large bullish candle appears along with very high trading volume. What does this mean?
This indicates that the buying power is extremely strong, and the main force is frantically buying. Take Bitcoin (BTC) as an example; when that large bullish candle appeared, it directly wiped out countless short positions—this is the power of the vertical demand bar!
The second type is the vertical supply bar, which is a bearish bar.
It manifests as a large bearish candle paired with high trading volume, indicating that selling pressure dominates.
Do you all remember the large bearish candle on January 8? Many people chased high and bought in at that time, only to get stuck at the peak, truly a tearful situation...
Next is the key point! How to use these vertical bullish and bearish bars to judge support and resistance levels?
The method is very simple:
If you want to find support levels, look at the lowest price of the vertical demand bar.
If you're looking for resistance levels, then check the highest price of the vertical supply bar.
Moreover, these key positions usually undergo secondary testing. For example, when the vertical demand bar forms support, the price often returns to test this position again.
Here I will teach you another super useful concept, called 'downward rebound'; professionally, it's known as the 'spring effect'. It means that the price seems to have broken below the support level but is quickly pulled back; this is actually a typical false breakdown, likely the main force intentionally creating panic to induce everyone to sell, which is called a 'trap'!
The reverse is also true; the pressure level formed by the vertical supply bar will also be tested repeatedly. However, there's one point you must pay special attention to: if a large bearish candle appears right after a vertical demand bar, or a large bullish candle follows a vertical supply bar, then the previous signal becomes invalid. Just like last Friday's bullish candle, which looked very strong, but the next day it was completely engulfed by a bearish candle; this situation is a typical invalid signal.
I will also teach everyone a 'three-piece set for tracking the main force' so you can clearly see the main force's movements.
First tactic: Large order attraction method.
When you see large orders at the level of tens of millions of dollars being executed, you need to be alert.
Open the perpetual contract interface for ETH on Binance, and you'll see a large order hanging below the current price, close to 40 million dollars.
What does this mean? It likely indicates that the main force is preparing to dump the market to take on this batch of long positions.
Such a large order is likely placed by the main force themselves; if they don't push the price down, how can they successfully execute the trade? It's like fishing; the bait is set, just waiting for the fish to bite.
Second tactic: Large order transaction method.
This tactic is even more exciting! When you see large orders at the level of tens of millions of dollars being executed, you need to be alert.
If the transaction is a short position, the price is likely to fall next.
If the transaction is a long position, then the possibility of price increase is very high.
Remember, an order above 7 million dollars is considered a large order, and over 10 million dollars is an even larger one.
If you are a Pro member, you can set up tracking alerts directly to grasp large order dynamics at the first moment.
Third tactic: LSUR long-short ratio strategy.
This indicator is very practical. Simply put, the long-short ratio is the number of buyers divided by the number of sellers.
The main force often stands with the minority; therefore, when the long-short ratio is greater than 1.2, be cautious as prices may fall.
When the long-short ratio is less than 0.9, prices may rise.
Let me emphasize this point:
When the long-short ratio is between 0.9 and 1.2, the probability of price increase is high.
When the long-short ratio is between 2 and 3, the probability of price decline is high.
If these three tactics are combined, they can be called the 'golden combination' for tracking the main force!
However, if you want to better utilize this method, I still recommend everyone to subscribe to a Pro membership for more comprehensive functions and timely alerts.
Hurry up and master these practical skills so that you can get closer to the main force in the cryptocurrency market and make wiser trading decisions!
Everyone must remember my words:
In investing, studying the relationship between volume and price is much more useful than looking at those flashy indicators! Next time you see a vertical demand bar, don’t hesitate; follow the main force to reap profits; if you encounter a vertical supply bar, run quickly; don’t wait until you’re trapped before regretting it.
Finally, summarize a set of iron rules for trading coins: I hope this helps everyone!
1. Don’t expect to escape risks by luck; this will only trap you deeper; don't hesitate and miss opportunities, as they won’t wait for you.
2. Long-term investment is as stable as gold, short-term operations are as flexible as silver, while swing trading shines like a brilliant diamond; manage it well to earn more.
3. Leave some room for yourself, maintain a calm mindset, and respond flexibly to market changes.
4. Investing is like eating fish; don’t be greedy, leave some profit for others.
5. Frequent buying and selling can lead to losses; hesitation results in chronic blood loss; both should be avoided.
6. The most important thing in investment is mindset; staying calm allows for wise decision-making.
7. The market often appears in despair, develops in hesitation, and ends in madness; learn to enter and exit at the right time.
8. Greed will devour profits, while fear will cause you to miss opportunities; controlling emotions is key to steady profits.
9. Opportunities often hide in market declines; having cash on hand means you're ready to seize the moment.
10. Buying requires confidence, holding requires patience, selling requires determination, and seizing the opportunity is essential.
11. Don't blindly trust indicators; they are only useful to those who understand them; for those who don't, they can be misleading.
12. You must set a stop-loss point to keep losses within an acceptable range.
13. When everyone is afraid, it might be the right time to buy; when everyone is going crazy, it's time to consider retreating.
14. Beginners only look at price fluctuations, while veterans focus on changes in trading volume; experts can perceive market trends. Continuously improving oneself is necessary to become a winner.
Finally, keep this in mind:
The crypto world is a marathon; stability is far superior to speed. Gains made by luck will ultimately be lost due to lack of skill. Only by integrating position management into instinct can one survive in a cruel market.
Remember: as long as you're alive, you have the right to wait for the next turnaround.
Even the most diligent fisherman won't go out to sea in stormy weather but will carefully safeguard their fishing boat; this season will pass, and a sunny day will come! Follow me, and I will give you both fish and fishing techniques; the door to the crypto world is always open, and only by going with the flow can one have a smooth life. Save this and keep it in mind!
