I have a 32-year-old brother in Hangzhou who has been in the cryptocurrency circle for ten years. Using the most 'foolish' method, he turned a principal of 120,000 into over 50 million. He owns 4 properties and lives a low-key and composed life. He did not rely on insider information, nor did he have extraordinary luck, but solely adhered to a few simple yet highly effective principles.
Today, I will share his six survival rules in the cryptocurrency world, which are more practical than researching hundreds of indicators:
1. Sharp rise, slow fall → The main force is accumulating
A gentle pullback after a surge is often big money quietly building positions. Don't be scared away by market fluctuations; understanding the rhythm is key.
2. Rapid drop, weak rebound → The main force is unloading
When prices crash but cannot recover, it usually means funds are withdrawing. Do not fantasize about bottom fishing; this is the easiest time to get trapped.
3. High volume at the top does not equal an immediate peak
Volume at the top area may sometimes indicate a final sprint, while a reduction in volume at the top often signals the end of the trend.
4. A single large volume at the bottom is not credible; continuous volume is what counts
A single spike in volume is often a facade; only sustained mild increases in volume indicate that market consensus is forming.
5. Trading cryptocurrencies is about people's sentiments, not patterns
No matter how complex the technical indicators are, they ultimately point to market emotions. And volume is the most direct thermometer of sentiment.
6. 'Nothing' is the highest realm
Without desire, fear, or attachment, one can live a long time. Only those who can endure the loneliness of being out of the market can embrace a truly big market.
Remember, the biggest opponent in trading is always yourself. All favorable and unfavorable news, market manipulation, and price crashes are merely external factors. What determines your ultimate fate are emotions, discipline, and mindset.
The cryptocurrency world is never short of opportunities; what is lacking is those who can endure. Now, the road has been paved; are you ready to step up? #加密市场观察 #美国ADP数据超预期
