In 1988, a 38-year-old rural person from Fujian, I was just a farmer in my early years with a junior high school education. Does lacking a diploma and knowledge mean I can't turn my life around?
After 8 years of trading cryptocurrencies, when I first entered the market, I had 6000 yuan, which has now grown into a balance of tens of millions in my bank card. Without insider information or hitting a particularly crazy bull market, I relied solely on a set of 'simple methods' to gradually turn things around.
For over 2900 days, I have only focused on one thing—treating trading like leveling up in a game, being neither anxious nor impatient, honing my skills.
Today, I will share with you 6 genuine insights; understand one, you may lose a few thousand less; achieve three, you will be more stable than most retail investors.
First insight: Rapid increases and slow declines indicate that the big players are slowly accumulating.
A sudden surge followed by a slow drop is mostly a sign of market washing; don’t rush to cut your losses. Only when it truly peaks will there be a sudden increase in volume, followed by a 'bang' waterfall drop that leaves people holding the bag.
Second insight: Rapid declines and slow increases indicate that the big players are quietly selling off.
$PLAY
After a flash crash, if it slowly rebounds, don’t think it’s an opportunity to pick up bargains; it could very well be the final blow.
Don’t think, 'It’s already dropped so much, how much lower can it go?' This thought is the easiest way to stumble.
Third insight: Volume at the top doesn’t necessarily mean the end; lack of volume requires caution.
If there is still volume at a high level, it might still surge; if it is quiet and lacks volume, that's a signal for a potential crash.
Fourth insight: Don’t act rashly with volume at the bottom; sustained volume is more reliable.
Single instances of volume might just be bait to lure people in. First, there should be some fluctuations, followed by several days of sustained volume; that’s the true opportunity to build a position.
Fifth insight: Trading cryptocurrencies is about trading human emotions; human emotions are hidden within the volume.
K-line charts are the results, while trading volume is the emotional expression. If the volume is low, it means no one is playing; if the volume suddenly spikes, it indicates that real funds are flowing in.
Sixth insight: 'Nothing' is the real skill.
Be free of obsessions; hold cash when necessary, don’t be greedy when it’s time to bottom out, and remain calm. This is not about lying flat but about refining your trading mindset.
There are always opportunities in the crypto world; you just need a guide.
I’m very glad to meet everyone. Dahui focuses on ambushing Ethereum and Bitcoin contracts and spot trading. Our team still has spots available, hop on board quickly, and let me help you become a big player and a winner.