Insights from the Crypto World #BTC

After years of navigating the crypto space, experiencing countless ups and downs, I have summarized my insights over the years into eight key phrases.

1. Make good use of morning trends: In the morning, the market sentiment is the purest; if prices drop significantly, don’t panic, this might be a good opportunity to buy low; if prices are soaring early on, don’t be greedy, take the chance to sell for profit and lock in your gains.

2. Master the afternoon strategy: If there’s a sudden surge in the afternoon, don’t get carried away and follow the crowd, as it’s usually a false rally, and buying at high levels can lead to losses; conversely, if there’s a big drop in the afternoon, stay calm and wait for a moment, often you can find a low point to enter the market the next day, which can yield low-priced assets.

3. Maintain a steady mindset during declines: If you wake up in the morning to see a significant drop in prices, don’t rush to cut losses, the market changes rapidly, and morning fluctuations are often just a distraction; if the market is stagnant with no movement, don’t fret, take a break, conserve your energy, and wait for opportunities.

4. Strictly adhere to buying and selling principles: If the coins in your hand haven’t reached the expected high, don’t hastily sell, even a small profit can be a loss; if the price hasn’t dropped to your psychological level, hold back from buying rashly to avoid catching a falling knife; regarding sideways markets, where trends are chaotic and direction is unclear, trading at this time is akin to a blind man touching an elephant; it’s better to observe from the sidelines.

5. Operate according to candlestick patterns: Buy on bearish candles, sell on bullish candles, a classic strategy. A bearish candle indicates a price correction and cheaper assets, making it a good time to enter; a bullish candle signals a short-term upward trend, so sell at a high to secure profits.

6. Break the mold with contrarian thinking: To stand out in the crypto world, sometimes you must go against the tide. When everyone is fervently buying, maintain a level head; when panic selling occurs, be bold and dare to operate counter-trend, as this can yield niche opportunities for wealth outside the mainstream wave.

7. Endure the torment of consolidation: Long periods of price consolidation at high or low levels can be quite testing. During this time, don’t let anxiety lead you to act impulsively; be patient and wait until the trend becomes clear, whether it’s an upward surge or a downward plunge, and then strike with full force.

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