I am 32 years old this year, started trading cryptocurrencies at 22, and by 2023-2024 my funds reached 8 figures. My current lifestyle involves staying at high-end hotels costing around 2000 yuan; it's much more comfortable than the older generation doing real business or than the 80s generation doing e-commerce!
As a seasoned trader with 7 years of experience in cryptocurrency trading, unafraid of the storms, having navigated through bull and bear markets, my survival in the market relies on these 5 laws! They are the accumulation of my years of experience! Please read patiently, fill in the gaps, and I believe you will gain something!
1. Rapid rise and slow fall means accumulation.
A quick rise but a slow fall indicates that the market makers are accumulating positions, preparing for the next wave of increases.
2. Rapid fall and slow rise means distribution.
A quick fall but a slow rise signifies that the market makers are gradually selling off, and the market is about to enter a declining cycle.
3. Don't sell at high volume at the top, run quickly if there's no volume at the top.
High trading volume at the top may indicate further increases; however, if volume diminishes at the top, it suggests insufficient upward momentum, so leave the market as soon as possible.
4. Don't buy at low volume at the bottom, but consider buying if there is sustained volume.
High volume at the bottom may indicate a continuation of the decline, requiring observation; sustained volume indicates continuous capital inflow, which may be a buying opportunity.
5. Trading cryptocurrencies is trading emotions; consensus is reflected in trading volume.
Market sentiment determines cryptocurrency price fluctuations, and trading volume reflects market consensus and investor behavior!
Change is not cool at all; it can even be filled with pain.
Every step forward, every lift of the leg, comes with soreness. To tear down old muscles, one must develop stronger muscles. To shatter previous perceptions, one must reconstruct a new self. The cycle of forging ahead and collapsing in despair is too difficult to endure; ordinary people simply cannot handle it. Even worse, some people don't even get the chance to change.
Respect the market, continue learning and conducting in-depth research, constantly optimize the system and acquire new knowledge; never think that you are invincible or have mastered everything! Only by maintaining vigilance and considering various changes in situations can one become the ultimate winner in this market!
Because I have been through the rain, I want to lend you a hand; hurry up and get on board.
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