Just entered the crypto space and chasing high prices? Seeing others flaunting profits and jumping in only to be trapped? Don't panic, I was worse off than you back then—three years ago, I entered with 100,000, and after half a year, I was left with only 20,000. Now I can make stable profits, all thanks to the lessons learned from making mistakes. Today, I'm going to share some real insights; after reading this, at least you can avoid 2 years of detours!

First, let me introduce myself. I am Old K, immersed in the cryptocurrency market for 6 years, transforming from a retail investor into a collaborative analyst for institutions. I've seen liquidation texts at 3 AM and have earned double profits through precise timing. Today's content is not about fluff; it's all practical principles that I've gained from my real investments. Remember these to help you avoid 80% of the pitfalls.

1. Timing: Don't be part of the 'high chasing death squad'; only from the cold bench can you get a slice of the meat.

This is the point I most want to wake up newcomers about—last year, a fan told me, 'Seeing everyone in the group flaunt their XX coin profits, I jumped in and it dropped,' and I replied, 'Isn’t that just a repeat of my past?' In 2019, when Bitcoin surged to $12,000, I went all-in, only to be stuck for a full 8 months, losing thousands every day, and during that time, I couldn't even dare to order expensive takeout.

True opportunities never arise amidst the clamor. If the market is filled with voices of 'must rise' and 'hundred times coin'? Quickly check your take-profit line; at this time, leaving the market will likely allow you to sell at a relatively high point; conversely, if the market is dormant for several days with no chatter, and even someone is shouting 'the bear market is here,' it might actually be a good time to build positions in batches—remember, the logic for making money in the crypto world is always 'when others are fearful, I am greedy; when others are greedy, I run.'

2. Look at the candlestick chart: Don't be dazzled by bullish candles; these two signals are reliable.

Newcomers always love to fixate on big bullish candles, thinking 'such a strong rise must go to the sky.' I made this mistake in my early years too. Once, a certain altcoin surged 40% in a day, and I leveraged up to chase it overnight, only for it to open 20% lower the next day, almost leading to liquidation. It was only later that I grasped the patterns:

Small bullish candles rising steadily for 3-5 days indicate 'real growth,' just like a person running slowly but enduring; if suddenly there are more than two large bullish candles with a single-day increase exceeding 20%, that's likely the main forces raising prices to offload, equivalent to handing you a 'standing guard invitation,' and you must not accept.

Another key point: After a rapid rise, there must be a pullback. Last year, Ethereum rose from $1800 to $2400 in just three days, increasing by 30%. Many newcomers asked me if they could enter, but I advised them to wait for the pullback. A week later, it dropped to $2000, and those who didn’t listen came back asking, 'Should we cut losses?' - Remember, if it hasn't dropped enough by 15%-20%, don't go heavy!

3. Volume and Price: Trading volume is the 'truth mirror,' it cannot deceive.

Candlestick patterns can be faked, but trading volume cannot deceive people. This is a core skill I learned from institutional analysts, and it has proven effective repeatedly:

A sudden drop in price without volume shouldn't cause panic. For example, if the market suddenly drops 10% but the volume hasn't increased, it's likely retail investors are panicking and selling, just like in a market where someone shouts 'prices have dropped,' and everyone rushes to sell, while in reality, the produce is perfectly fine. Once the emotions stabilize, prices will rebound; however, if there's a gradual drop with increasing volume, like a continuous 5% drop for three days, then it's time to run; the main forces are quietly offloading, and being a beat late could bury you.

Conversely, if the price rises but volume decreases, that's 'false growth'; the main forces are luring you in to take over. If the volume drops to previous lows and suddenly increases, that’s the 'real bottom,' and you can enter confidently—this strategy helped me bottom-fish SOL last year, earning 60% in two months.

4. Trend: Follow the main forces, don’t squeeze with retail investors.

Newcomers always love to focus on short-term charts of 1 hour or 4 hours, chasing highs and cutting losses all day, exhausting themselves without making money. Now I look at the charts, first focusing on daily and monthly charts; this is the 'marching route' of the main forces. For example, in the second half of last year, Bitcoin's monthly chart consistently stayed above the 5-day moving average, indicating an 'upward trend.' Building positions in this direction means that even if there’s a short-term drop, there’s no need to fear; the trend will help you break even. However, if the monthly chart breaks key support levels, for example, dropping from $50,000 to $45,000 and failing to stabilize, then it’s crucial to reduce positions decisively, don’t go against the trend.

In the end: The essence of trading is 'not making mistakes,' not 'making quick money.'

I've seen too many newcomers who, upon entering the market, want to 'make a hundred times,' only to find they can't even preserve their principal. In fact, making money in the crypto world is quite simple: making fewer mistakes is more important than making quick money. My current monthly goal is just 10%-15%; over a year, that can double my investment, much more stable than those retail investors chasing highs and cutting losses.

These techniques are all experiences I gained from losses. I will share more specific analysis techniques and position-building strategies later, and I'll also share my real trading records, teaching you how to avoid the main forces' 'traps.' Follow me, Ming Ge; next time the main forces want to raise and offload, I’ll keep an eye on it for you in advance; next time there’s a bottom-fishing opportunity, I’ll notify you first—hit that follow button, and together we can steadily make money in the crypto world, don’t be a leek anymore!

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