Post-90s Cryptocurrency Veteran: Earned 216,000 USDT from May to August, Using the 'Dumbest' Method
I am 32 years old, from Chenzhou, Hunan, currently living in Zhongshan. I own two villas, one in my hometown and one in Zhongshan. I've been trading cryptocurrencies for 7 years, turning 50,000 into 7 million, not relying on insider information or luck, but solely on a simple method.
Now I will share the experience of these 2555 days with you for free.
Today, I will lay out these 6 iron rules of cryptocurrency trading; if you understand even one, you can avoid losing 100,000. If you can grasp three, you will surpass 90% of retail investors.
First Rule: Rapid price increases and slow declines indicate that the big players are quietly accumulating.
Don’t rush to sell. A rapid price surge followed by a slow correction is not a top, but a shakeout. The real danger is a rapid drop after a volume increase, which is a trap for more buyers.
Second Rule: Rapid declines and slow recoveries indicate that the big players are exiting.
A flash crash followed by a slow rebound is not a buying opportunity, but the last wave of a trap for buyers. Don’t hold onto the illusion that 'it has already dropped so much, can it drop further?'
Third Rule: High volume at the top doesn’t always mean a crash; low volume is the real danger.
If the price rises to a high point and there is still sustained volume, it might push higher; but if it reaches a peak with no volume, then you should be cautious of a crash.
Fourth Rule: Don’t get excited by volume at the bottom; sustained volume is what you can trust.
A one-time volume spike is bait. What you need to watch for is continuous volume over several days, particularly after a period of low volume and consolidation; that’s a signal to accumulate.
Fifth Rule: Trading cryptocurrencies is about trading emotions; both rises and falls are reflected in 'volume'.
You might think you should focus on candlesticks, but you should really be paying attention to market sentiment. Trading volume is a mirror of consensus, while price is merely a reflection.
Sixth Rule: 'Nothing' is the ultimate state in the cryptocurrency world.
No attachment, can hold cash; no greed, don’t chase highs; no fear, dare to act. This isn’t being zen; it’s the strongest trading psychology.
The market is never short of opportunities; what’s lacking is your ability to control your actions and see clearly. What can truly help you is someone who can guide you to see the rhythm and point the way.
You’re not moving too slowly; you’re just stumbling around in the dark alone. The captain is always there, the light is right ahead, if you don’t keep up, you will be stuck in the night forever! #WealthLogic
There are no gods in the cryptocurrency world, only smart people who can read signals. Qingyun’s articles don’t boast or make empty promises, they only teach you practical survival skills. Follow Qingyun for daily strategies and get ahead of the game!
