From entering the cryptocurrency world with 50,000 to making 10 million, then accumulating 8 million in debt, then profiting 20 million, and now achieving financial freedom, in nearly two years from December 23, 2021, to August 6, 2023, I turned less than 500,000 into a return of 418134.86%, achieving over 29 million. Here are some practical and useful suggestions for those who have just entered the cryptocurrency world! My trading method is very simple and practical, reaching an eight-digit figure in just one year, focusing only on one pattern, entering only when the opportunity is right, never trading without a pattern, and maintaining a win rate of over 90% for five years!
5 Iron Rules for Trading in the Cryptocurrency World
1. Rapid rise followed by slow pullback: When the price rapidly rises and then stabilizes, it often indicates that the operator is secretly accumulating shares in preparation for the subsequent market.
2. Rapid declines followed by slow recoveries indicate the operator is offloading: A sharp price drop followed by a gradual recovery usually means the operator is slowly selling off their holdings, signaling that the market may enter a downward phase.
3. High volume at the top, no need to panic sell; beware of declining volume: Active trading volume at high levels indicates room for further price increases. However, if trading volume decreases, the upward momentum may be insufficient, and it is necessary to exit decisively.
4. Volume increase at the bottom requires caution; continuous volume increase indicates a buying point: An increase in volume at the bottom may only be a brief adjustment, so caution is warranted. However, if trading volume continues to rise, it indicates sustained capital inflow, making it a good entry point.
5. Trading cryptocurrencies based on sentiment, trading volume reflects consensus: Price fluctuations are influenced by market sentiment, while trading volume reflects market consensus and investor behavior. Keeping a close eye on trading volume and understanding changes in sentiment is key to seizing trading opportunities.