Insights from the crypto world, hoping to help you

After several years of navigating the crypto space, experiencing countless ups and downs, I have summarized my insights from these years into eight maxims.

1. Skillfully use morning trends: In the morning, the market sentiment is at its purest. If prices plunge sharply, don’t panic; this could be a great opportunity to scoop up at low prices. If the morning sees a strong rally, don’t be greedy; take the opportunity to sell and lock in profits.

2. Grasp afternoon strategies: If there’s a sudden surge in the afternoon, don’t let excitement cloud your judgment and chase after it; most of the time, it’s just a false signal, and buying at high prices can lead to losses. Conversely, if the afternoon experiences a significant drop, stay calm and observe for a while; often, finding the right low point the next day allows you to enter at a better price.

3. Maintain a calm mindset during declines: If you wake up to see a significant drop in prices, don’t rush to cut losses. The market changes rapidly, and the morning’s fluctuations are often just tricks; if the market is stagnant with no fluctuations, don’t be anxious. It’s better to take a break, regain your strength, and wait for opportunities.

4. Strictly adhere to trading rules: If the coins you hold haven’t reached your expected high, don’t easily sell; making a small profit is still a loss. If they haven’t dropped to your psychological price, resist the urge to buy recklessly to avoid catching a falling knife; during sideways markets with unclear trends, trading is like a blind man trying to touch an elephant; it’s better to watch from the sidelines.

5. Operate based on candlestick patterns: Buy on bearish candles and sell on bullish ones; this is a classic strategy. A bearish candle indicates price correction and cheaper assets, making it a good entry point; a bullish candle suggests the formation of a short-term upward trend, so selling at a high is advisable to secure profits.

6. Breakthrough with contrarian thinking: To stand out in the crypto world, sometimes you need to go against the grain. When everyone is frantically buying, remain calm; when there’s panic selling, be courageous and dare to go against the trend, as that’s when you can find niche opportunities for wealth outside the mainstream.

7. Endure the agony of consolidation: When prices consolidate at high or low levels for a long time, it can be frustrating. Don’t let anxiety push you to make hasty moves; be patient and wait for clearer trends, whether it’s an upward breakthrough or a downward test, before fully committing.

8. Seize the tail end of a surge: After a long period of consolidation at high levels, if there’s another push upward, don’t hesitate; this is likely the final frenzy. Sell promptly to secure your profits; otherwise, the opportunity may slip away, and the cooked duck might just fly away.

If you like contracts, enjoy analyzing charts and studying techniques, click on the avatar. I share years of experience and skills in the crypto space for free. I'm online in the circle, welcome to discuss and improve together.