As an experienced trader, let me share some old rules from the crypto world to remind the brothers who are still on this journey:
1. The cryptocurrency market is a battleground between East and West, and the real big trends occur between 21:30 Beijing time and 7:30 the next morning. If it drops during the day, it usually rebounds at night; if it rises during the day, it often gets dumped back at night.
2. Buying at the bottom and not being impulsive when chasing highs. A big drop during the day is often an opportunity, as foreign investors take over at night; a sharp rise during the day, hold back, as it’s easy to get dumped at night.
3. A needle spike is a signal; the deeper the spike, the more critical the buying and selling point—don't ignore the 'language' of the candlestick chart.
4. Good news is meant for unloading. Before major conferences or significant good news, there’s a rise, and once the news is out, it gets dumped—this script has been seen too many times.
5. Coins that are hyped up in communities often require doing the opposite. The more convoluted the talk, the harsher the trap; conversely, coins that everyone disregards can often take off suddenly.
6. When you are heavily invested all-in, a liquidation is not far away. Don't ask why, because you have already caught the exchange's attention.
7. As soon as you stop-loss your short position, it crashes; just when you want to break even, it rebounds and stops abruptly. It's not that you can't do it; it's that you got off too early or you were too heavily invested.
8. When you take profits, it rallies; when you get excited, a crash is already brewing. Your emotions are the indicators that the market makers reference.
9. When you are broke and see everything rising, it's the trap of FOMO. It's not that you missed the opportunity; the market is baiting you.
To sum it up: 80% of market trends are manipulated; the essence of trading is not intelligence, but 'patience + composure + waiting for signals.'
Don't be cannon fodder; be the hunter.