Post-90s cryptocurrency player recounts: From 190,000 to 7 million in 4 years, I only relied on this set of "foolproof methods"
I am Huang Hui, 28 years old, from Guangzhou, currently living in Shenzhen. Over the past few years in the cryptocurrency market, I have managed to find my footing. Two villas, one for my family and one for myself. Starting from 190,000, I reached 7 million in four years, without relying on insider information or luck, but solely on a set of "foolproof methods" that many people overlook.
Today, I will share with you these 6 trading principles that I have tested with real money. Even if you understand just one, it can help you avoid losses of 100,000 or 80,000; if you can implement three, outpacing 90% of retail investors should not be a problem.
❶ Rapid rise and slow fall often indicate the institutions are accumulating
After a rapid surge, if the price slowly declines, don't be in a hurry to exit—that's not a signal of a peak, but rather a consolidation action. What you should truly be wary of is the flash crash that follows a volume spike; that's when the institutions lure in buyers before selling off.
❷ Sudden drop and slow rise likely indicate the institutions are fleeing
After a sudden drop, if the price slowly rebounds, it's not a bottom-fishing opportunity but the last wave of luring buyers. Don't comfort yourself with the thought of "it's already hit the bottom"; to the institutions, there are only chips and profits.
❸ High volume at the top doesn't necessarily mean it's the end; low volume is what’s most dangerous
If there’s sustained high volume fluctuation at price peaks, there might still be a chance for higher prices. But if trading volume sharply declines and the market goes quiet, a crash is often not far away.
❹ Don't rush to chase after high volume at the bottom; sustained volume is the signal
A sudden spike in volume leading to a rebound is mostly bait. What’s truly worth following is a gentle increase in volume over several days after a period of low volume consolidation; that’s the trace of institutions quietly building their positions.
❺ Trading cryptocurrencies is essentially trading emotions, and emotions are all reflected in the "volume"
What you think you're looking at is the candlestick chart, but what you really need to observe is market sentiment. Trading volume is the mirror of consensus; price is merely the outcome.
❻ "Nothing" is a kind of cultivation and a demonstration of strength
Without attachment, you can wait with an empty position; without greed, you won’t chase high prices; without fear, you can act when others panic. This is not being zen; it's the mindset of top-level traders.
The cryptocurrency market is never lacking in opportunities; what’s missing is the ability to control your hands and understand the situation. You can walk out not because you walk fast, but because someone is lighting the way for you in the dark.
I am Sister Hui, always here. The light is already lit, will you follow, or continue to spin in place?