It's said that technical analysis is useless, but the truth is that the real skills haven't been learned.
If those online tricks of 'buying at golden crosses and selling at death crosses' were really effective, retail investors would have long gone extinct.
To break free from the curse of buying high and selling low, you need to learn these three real skills:
Observe the movements of large players.
Check on-chain data for whether the top 100 wallets bought or not, it's more practical than looking at K-lines.
Distinguish the authenticity of trading volume.
When there's a sudden surge in volume, is it the market maker driving the price up or real good news? Check the net inflow of exchanges to find out.
Calculate the cost range.
What was the private placement price before a new coin was launched? If it falls below this price, it's likely a mispricing.
Here's a ready example:
When Bitcoin was consolidating, it suddenly surged, but the inflow to exchanges skyrocketed → likely a trap for bulls.
Altcoins plummeted, but large wallets showed no movement → it might be a wash sale.
On the first day of a new coin's launch, if the turnover rate exceeds 80% → it's definitely a case of retail investors getting cut.
No one will teach you these things for free; you have to dig through white papers, monitor on-chain data, and review historical trends yourself.
But once you grasp it, you can at least avoid 80% of the pitfalls.
In the crypto space, you either spend time becoming a hunter, or you comfortably remain prey—there's no middle option.