【Six Major Laws of the Crypto World｜Understanding this is worth more than learning ten technologies】:
1. Rapid rise and slow decline = Accumulation
A strong rise and a slow decline indicate that large funds are secretly accumulating. Don't fear the drop; watch the rhythm.
2. Rapid decline and slow rise = Distribution
A sharp drop followed by a weak rebound means the operators are exiting. Don't be greedy for bargains; be careful of becoming a bag holder. #Big and Beautiful Bill#BTC
3. Volume at the top = Possible continued rise; No volume at the top = Time to escape
Volume determines direction; there can only be action when there is volume; without volume, it's just a dying effort.
4. Don't act impulsively on volume at the bottom; sustained volume is what counts.
One instance of volume may be bait, while multiple instances of volume indicate consensus is forming.
5. Trading cryptocurrencies is about trading emotions; consensus determines direction.
Forget the complex structures of candlesticks; return to market psychology; volume is the mirror of consensus.
6. 'Nothing' equals everything.
Without obsession, greed, or fear, you can achieve true winning odds.
Only those who can stay in cash and wait for opportunities deserve to have significant market movements.#ETH
The last point: The only enemy in trading is yourself.
The data from the beautiful country, the inevitable announcements, and the main forces' manipulations,
These pieces of information are just appearances; the real variable is the fluctuation in your heart.
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