Back then, life was unproductive and aimless, pressed down by the weight of existence. Later, I forced myself to be disciplined, to declutter, and to give my all. After years of silence, I finally achieved a complete turnaround and freedom.
Who would have thought? After eight years of struggle in the crypto world, I now have thirty million in assets in my account.
First rule: Recognizing the tricks of the market makers helps avoid pitfalls.
In 2018, I chased after the "XX Chain" as it surged 40%, and after four days of sideways movement at a high level, I thought it would continue to rise. Instead, it suddenly plummeted by 20%, wiping out my principal.
Only later did I understand: when the price surges over 35%, stays flat for 3-5 days, and then drops more than 15% on high volume, it’s a signal that the market makers are pulling out.
Second rule: High-level consolidation is riskier than a major drop.
At the beginning of 2020, I held "XX Coin," which consolidated at a high level for three months. The trading volume kept shrinking, with a turnover rate below 1.5%, and the price was over 25% away from the 20-day moving average. I didn’t take it seriously, and in the end, it fell to $8. Now, when I encounter this situation, I directly place a short order.
Third rule: At the bottom, one must look at volume to understand.
On June 18, 2022, I bottom-fished "XX Square," thinking I had reached the bottom, only for it to fall further. It wasn't until I analyzed hundreds of bottom cases that I discovered: the real bottom is characterized by shrinking volume, consolidation, followed by three consecutive days of gentle increasing volume with small bullish candles. In 2023, when Bitcoin formed this pattern at $28,000, I went all in and sold at $45,000, making enough for a down payment in Hangzhou.
Fourth rule: Trading volume is the root, while position size is the soul.
$PLAY
I always remind myself: the candlestick chart is superficial; trading volume is the essence; always operate with half a position, neither greedy nor fearful.
In 2024, when "XX Cat" surged, I waited for it to break out of its range on increased volume, six times larger, before entering. As soon as the trendline broke, I took my profits. Although I only made 10 times my investment, I avoided the subsequent crash.#加密市场反弹
Dahui only engages in real trading, not empty promises. Our trading team still has openings, so for those brothers and sisters who want to learn the methods and turn their fortunes around, come aboard and let’s do this together!