Brothers, today we are going to discuss a topic that has caused countless retail investors heartbreak—why do you always catch the bottom halfway up the mountain? Have you ever had this experience: watching the coin you bought continuously decline for several months, suddenly one day at the bottom a big bullish candle appears, and you excitedly think you have finally waited for the opportunity to bottom fish, so you go all in without hesitation. What happens? The price not only doesn’t rise but continues to fall, and you find yourself once again catching the bottom halfway up the mountain! Today, I will reveal the logic of the whales to you and tell you why you cannot easily bottom fish when a big bullish candle appears, and under what circumstances can you truly catch the bottom.
1. Is a big bullish candle an opportunity or a trap?
First, we must understand one principle: every action of the whales is purposeful, especially the appearance of a big bullish candle, which is definitely not casually shown to you. If you see a coin suddenly pulling a big bullish candle at the bottom, don’t rush to chase the price, as this is likely a trap set by the whales.
Situation 1: The whale's cost price support
When a whale pulls a big bullish candle, there are usually two possibilities. The first is that the price of the coin has dropped to the whale's cost price, and they have to pull the price up to support it. However, even so, the whale will not consecutively pull several big bullish candles because they need low-priced chips, not to help you break even. After pulling a bullish candle, the whale often deliberately allows the price to retrace, aiming to let those who have been stuck for months to sell off. Just think, if you have been stuck for months and suddenly see the price increase a bit, would you rush to sell to break even? Of course! And the selling pressure from retail investors will push the price down, providing the whale with an opportunity to accumulate. Therefore, after a big bullish candle, there is often a significant retracement, usually more than 50% of the highest price. If you chase the price at this time, you will be the one getting harvested.
Situation 2: Inducing buying to sell off
The second scenario is even more ruthless; the whale pulls a big bullish candle to induce buying to sell off. If the whale hasn’t sold all their holdings yet, or they think the selling price is too low, they will deliberately pull a big bullish candle to attract those retail investors who like to chase highs and sell lows to come in and take over. You think you have bottomed out, but in reality, you have become the whale's bag holder.
2. When can you truly bottom fish?
Since you can't just chase a big bullish candle, when can you truly bottom fish? Here is a key signal: a large volume spike at the bottom. If you see a coin rapidly falling, and then suddenly a huge volume occurs at the bottom, followed by a quick pullback within 15-30 minutes, forming a long lower shadow (also known as a spike), then you can boldly bottom fish. Why?
The logic of a volume spike at the bottom
During a rapid decline, retail investors usually dare not buy because they are terrified and just want to sell quickly. When a huge volume suddenly appears at the bottom, it indicates that funds are crazily buying at this position. Who would buy at this time? Only the whales! The whales accumulate at this position to acquire low-priced chips. And why do they quickly pull back within 15-30 minutes? Because the whales don’t want retail investors to snatch low-priced chips from them, so they must quickly pull back and raise the price to a relatively safe position.
3. The correct posture for bottom fishing
To summarize, bottom fishing is not about rushing in blindly at a big bullish candle, but rather judging based on market sentiment and the relationship between volume and price. Here are several points you must pay attention to when bottom fishing:
Do not chase the big bullish candle: A big bullish candle is often a trap set by the whales, chasing it can easily get you stuck.
Focus on the volume spike at the bottom: This is a signal for whales to accumulate, and you can boldly bottom fish.
Patiently wait for a retracement: Even if a big bullish candle appears, wait for the price to retrace before considering entering, rather than blindly chasing the high.
4. The final advice: Don't be a vegetable for the whales anymore.
Brothers, the cryptocurrency world is a place full of opportunities but also full of traps. Every move made by the whales is designed to harvest retail investors, and every impulse from retail investors could become a reason to be harvested. If you don’t want to keep catching halfway up the mountain, you must learn to analyze calmly and see through the logic of the whales. Bottom fishing is not gambling, but a combination of skills and mindset. Only when you truly understand the rules of the market can you survive in this game.
Remember, wealth in the cryptocurrency world belongs only to those who can see through the essence and remain rational. If you are still blindly chasing highs and selling low, I advise you to wake up soon. Otherwise, all that awaits you is more losses and disappointment.
I hope this article helps you, and don’t get caught halfway up the mountain anymore! The road in the cryptocurrency world is still long; let’s walk slowly together and profit steadily!
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