Eight years of a comeback: from 150,000 to 20 million, Sister Lu's cryptocurrency principles
Eight years ago, I lived in a 6-square-meter rented room in Hangzhou. On the 15th of each month, the rent reminder texts on my phone kept me awake all night. To save 15 yuan for fast food, I often struggled for a long time. At that time, my survival was barely maintained.
Now, I own two properties, and my account steadily shows the figure of 20 million. All of this is not due to luck, but rather the result of a practical method and four iron laws derived from personal experience.
First law: Identify wash trading and market tops
When I first entered the cryptocurrency market, I was also eager to cash out due to the short-term rise of altcoins, missing out on subsequent gains. Later, I understood:
A rapid rise followed by a slow decline is often a sign of wash trading; the true signal of a market top is a flash crash after a surge.
Second law: Beware of high-level "dead silence" volume reduction
When the price of a cryptocurrency fluctuates at a high level and the trading volume suddenly decreases, it is often a sign that funds are quietly exiting. If this kind of "dead silence" volume reduction occurs, a crash may be imminent.
Third law: Find the bottom and pay attention to consecutive bullish volume
When a cryptocurrency that has dropped significantly rebounds, do not blindly chase higher prices.
The true bottom is usually characterized by a period of low volume consolidation followed by several days of slight volume increase and consecutive bullish signals.
Fourth law: Principles and volume
The principle I advocate the most is "weight and volume, with no attachment."
Candlestick patterns are just appearances; trading volume is the true narrative of the market. Stay calm, be flexible in your positions, do not be greedy, and do not panic.
If you still feel anxious due to price fluctuations or hesitate during take-profit and stop-loss decisions, you might want to follow my line of thinking. Market opportunities are often hidden behind liquidity; seizing them can lead to steady profits.
I cannot promise you instant wealth, but I can teach you how to survive steadily in the cryptocurrency market and avoid detours. I walk quickly on the path of compound interest, but I walk far with like-minded people.
If you want to achieve steady profits, feel free to join me, practice these iron laws, and seize future opportunities!
