As a person from Fujian, I grew up in the countryside, carrying only 20,000 yuan earned from working on construction sites, driven by the tenacity of the Minnan people that 'only by fighting can one win.' I dove headfirst into the crypto world.
Now, I have a house and two cars in Shenzhen. $SIREN
Eight years ago, I was a complete novice, starting with that 20,000 yuan capital and learning through trial and error. Today, my account assets have long exceeded 10 million.
I have never relied on any profound secrets but rather on a pure method that 'looks clumsy but is actually the most effective.' Just this year, I made over 1.7 million U in half a year using it. $BR
I have compiled the 7 most practical experiences I've gained in the crypto world over the years. Don't underestimate them; understanding one could save you hundreds of thousands; grasping three means you are already better than 80% of retail investors.
1. Many people only look at prices when trading cryptocurrencies but overlook the most crucial thing—trading volume. In fact, volume is the heartbeat of the market; only by understanding it can one truly enter the field.
2. If the price spikes and then slowly falls back, don't panic; that often means the big players are secretly accumulating. The real trap is a sudden large drop in volume followed by a big bearish candle, which is called a 'bait for position change'; rushing to escape might get you trapped instead.
3. After a flash crash, if it slowly rises again, don't rush to buy the dip. That’s not a rebirth but the last sell-off by the main forces. Remember this: the market excels at punishing those who think it can't fall any further.
4. Trading volume—an increase in volume doesn’t necessarily mean a peak; a decrease in volume is more dangerous. When prices rise with sufficient volume, it means the market is still hot; once trading becomes quiet, it’s the prelude to a sharp decline.
5. Even if there’s a surge in volume at the bottom, don’t rush to jump in; a one-day explosion in volume may not signify a true bottom; the actual reversal should be assessed based on the continuity after consolidation. Slow down to see the direction clearly.
6. Trading cryptocurrencies is not about candlestick charts; it's about human psychology. Volume reflects consensus, while price is merely emotion. If you can read trading volume, you can hit the right rhythm.
7. The most challenging point—The highest trading realm is 'nothingness.' Not greedy, not afraid, not impatient; being able to wait with an empty position and also take decisive action.
Have you been struggling in the market and repeatedly losing? Now you don't have to bear it alone! Brother Bin is online 24 hours, analyzing the market in real-time, providing the best entry points, and helping you turn from a novice into a winner!
