One of my old friends, an 80s veteran in the crypto space: From 400,000 to over 50 million in 7 years, relying solely on a simple method
He is 42 years old this year, from Heilongjiang, owns 3 apartments, one for his family, another rented out, and one he lives in. In his 7th year of trading cryptocurrencies, his capital of 400,000 has grown to tens of millions, not relying on insider information or luck, but solely on a 'simple method.'
Now, I will share his experience for free with you all.
【6 Major Laws of the Crypto World｜Understanding them is worth more than learning ten different techniques】:
1. Rapid rise and slow fall = accumulation
A strong rise and slow decline means big money is quietly accumulating. Don't fear the drop; watch the rhythm.
2. Rapid fall and slow rise = distribution
A sharp drop followed by a weak rebound indicates that the main players are exiting. Don't be greedy; be careful not to become the bag holder.
3. Volume at the top = possible continuation of rise; no volume at the top = time to exit
Volume determines direction; only with volume is there potential; without volume, it's the end of the line.
4. Volume at the bottom, don’t act impulsively; continuous volume is safe
One instance of volume might be bait; multiple instances of volume indicate consensus is forming.
5. Trading cryptocurrencies is trading emotions; consensus determines direction
Forget about the complex K-line structures and return to market psychology; volume is the mirror of consensus.
6. 'Nothing' equals everything
Without obsession, greed, or fear, you can achieve real success. Only those who can wait in cash for opportunities deserve a big market move.
The last point: the only enemy in trading is yourself.
Data from the beautiful country, the mandatory announcements, the main players' pump,
These pieces of information are just surface-level; the real variable is the fluctuation in your heart. (Comment: 778 tells you how to achieve financial freedom like I did)
