@velvetwisp
That day I earned 250,000 in a day. Looking at the numbers in my account, I suddenly felt that many things no longer mattered.
I am 35 years old this year, from Hunan, living in Shenzhen. I've been in the cryptocurrency space for nearly ten years.
In four years, I rolled from 30,000 U to over 30 million U.
In between, I have experienced liquidations, made losses that could buy several houses. It took me a full eight years to truly grasp the methods.
In these past few years, I treated trading cryptocurrencies like playing a game, leveling up one stage at a time.
Today, I won't talk about vague things, I will directly share 6 pieces of experience that I've tested with real money:
If you understand one, you might lose ten or so thousand less;
If you achieve three, you can outperform 90% of retail investors in the market.
1. The key to price fluctuations is trading volume
When prices rise sharply and fall slowly, it is likely that someone is quietly accumulating. If it suddenly spikes and then slowly retreats, don't rush to run. The real peak occurs when a big drop follows a spike—that's when the big players really harvest.
2. Don't rush to buy the dip during a crash
When prices fall quickly and rebound slowly, it often means the big players are offloading. A slight rebound after a sharp drop is not an opportunity; it's a trap. Don't think, "Since it has dropped so much, it must be at the bottom now?" I tell you, there is still a lower bottom.
3. Low volume at high prices is the most dangerous
When the price is high but trading volume shrinks, that's when you need to be the most vigilant. If no one is buying, a breakdown isn't far away.
4. The real bottom is forged through grinding
When it drops to the bottom and suddenly sees volume, don’t rush to deploy all your capital. A single surge in volume might be a false signal; only after continuous low volume consolidation and then a surge should you consider it a real entry opportunity.
5. Watching K-lines is not as good as watching trading volume
K-lines are just results; trading volume reflects emotions. If no one is buying or selling, the volume is low; when many people are excited, the volume is high—the market's emotions are all reflected in the volume.
6. Don't be greedy, and don't be afraid
Don't stubbornly hold on; if you need to be in cash, be in cash; don’t be greedy, don’t chase highs; don’t be afraid of drops, if you need to buy the dip, do it. This is not about being Zen; it's about being rational.
There will always be opportunities in the cryptocurrency space, but many people don't lack opportunities; they can't control their hands and don't understand the signals. Many people aren’t slow; they are just spinning in circles in the dark.
I have also come through this struggle myself. Now the light is on here; if you don't follow along, you will have to find your way in the dark.
The market is about to start; don’t keep messing around by yourself.
I am Norton, a veteran in the cryptocurrency space. For those willing to learn, I will guide you along the way.
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