After ten years of ups and downs in the cryptocurrency world, I transformed from a novice miner to someone who has experienced both immense wealth and huge losses, ultimately finding my own survival rules amidst the fluctuations.
In 2013, when cryptocurrencies were still little known, I keenly captured the opportunities within and plunged into the world of Bitcoin, Ethereum, and Dogecoin, becoming one of the first in the country to mine Dogecoin using graphics cards. At that time, the competition in computing power was not fierce, and I could mine over 30,000 Dogecoins daily. However, as the market developed, mining efficiency gradually declined. I decisively changed my strategy, investing in 10 million Dogecoins when the price was only 0.0005-0.001. Later, in 2014 and 2022, I seized opportunities again, diving into the Ethereum mining wave, and purchased 60,000 GT and 2 million TRX at suitable price points. Thanks to my early bold layout, by 2020, my account profits had exceeded 5 million, a seemingly smooth path to wealth, but hidden crises lurked.
Fate seems to enjoy playing tricks on people. In 2020, I fell victim to fraud, losing 400,000; in 2022, the intense fluctuations in the contract market caused me to go bankrupt, losing 600,000; the failure of a mining project cost me another 300,000. In just a few years, my total losses reached 5 million, falling from the cloud to the bottom. However, I did not let this defeat me; instead, I continued to review and adjust my strategies. Finally, through continuous exploration and persistence, I achieved a turnaround, and my account profits have now reached 8 million.
Seeing countless people in the cryptocurrency world lost in market fluctuations, suffering losses, I deeply understand the hardships involved. Today, I have decided to share my valuable experiences accumulated over the past decade in the cryptocurrency space. These experiences can help you stand firm in this uncertain market, teach you how to seek profits and avoid harm, and achieve stable returns, at least saving you several years of detours. If you can integrate these experiences, perhaps you can also achieve a turnaround in the cryptocurrency world, writing your own wealth legend! Keep reading!
Look at the trend: How to understand trends, trend lines are divided into long-term trends and short-term trends. Long-term trends look at daily, weekly, and monthly charts, while short-term trends look at 5-minute, 1-hour, and 4-hour charts. Trend rules: a bull market will rise over time, and a bear market will fall over time. A sudden surge will hit the top and fall back, a sudden drop will hit the bottom and rebound. Look at the trading volume; a significant increase in volume breaks through the pressure level indicates bullish sentiment, whereas a significant decrease in volume breaking through the support level indicates bearish sentiment.
Pay attention to the MACD line's trend; it is very useful. This mainly looks at three indicators: first, the MACD running range. Above the 0 axis indicates bullish, while below indicates bearish. Second, when the fast line and slow line form a golden cross, it indicates bullish. Third, when the fast line and slow line form a death cross, it indicates bearish.
Look at the price points: If the closing price can rise every day, it indicates that the main force is entering the market. If the closing can be above the pressure level, then the probability of a true breakout is very high!
Look at the volume reduction: Before a cryptocurrency surges, its price has usually experienced a long period of low-volume consolidation. The longer this period lasts, the better. Patiently wait for the main force to complete accumulation before a sudden rapid surge, at least three times the volume.
Rectangle: Usually rectangles can be used for annotation. When it falls, there is support in that range, and if it stays in that area long enough, then this position becomes the pressure point for rising. Conversely, it becomes the support level.
Still the same saying, if you don't know what to do in a bull market, click on my avatar, follow me, and I will share spot planning in bull markets, contract tips, and free advice from Ding Ge.
Continue to pay attention to BTC, ETH, BNB.
