Who would have thought that when my bank card suddenly received 320,000, my first reaction was not to celebrate, but to delete all the market software on my phone.
After 8 years in the crypto market in Hangzhou, rolling my initial 5K into seven figures, the cost was that my hair volume fell faster than the waterfall market, and my eye bags were deeper than the long shadows of K-lines. In 2016, I jumped in with my only savings, without any insider information or big shots to guide me, relying solely on 'stubborn persistence'—still analyzing trading records at 2 AM every day, breaking down each operation more finely than Hangzhou's soup dumplings. I've tasted the flavor of liquidation seven or eight times and have stubbornly turned myself into a 'fall-resistant physique.'
The 6 heartfelt truths accumulated over 8 years of blood and tears are all lessons I've learned with my hard-earned money. Understanding them can help you avoid 90% of the detours:
Trading volume is the market's 'truth,' while K-lines are all 'polite words.' No matter how fancy the price rise is, if there's no trading volume, it's all empty — I've seen too many 'high spikes and slow declines' baiting traps, which essentially just means funds are quietly fleeing; conversely, a sudden surge in volume followed by a sharp drop means the market is shouting 'run fast.' At this point, following blindly is no different from catching flying knives empty-handed. Remember: don't let the price lead you by the nose; the warmth of trading volume is the true temperature of the market.
A sharp drop is never a 'bargain hunting opportunity' but a 'warning of a market stab.' In the crypto market, 'flash crashes' are never a benefit, but a trap for burying people. A slow rebound after a sharp decline? Don't be foolish; this is funds retreating while still hitting. What you think is the floor might just be the entrance to the basement. I lost 3 months' salary in the past because I tried to bottom-fish in this kind of market; now, when I see a sharp drop, I only dare to watch and absolutely won't reach out.
A 'quiet' high point is scarier than a 'noisy' one. A volume increase doesn't necessarily indicate a peak, but a sudden decrease at a high point? It's like a bustling night market suddenly falling silent; the next second is sure to be bad news. In 2020, I failed to notice the shrinking volume at a high point and watched my profits evaporate by half. Now, as soon as I see the market 'eerily quiet,' I reduce my positions first; I'd rather miss out than make a mistake.
The bottom tests 'endurance.' A single volume spike is just a 'smoke screen.' Occasionally, a volume increase at the bottom? It's highly likely to be a bait. Only after sustained volume decrease followed by consecutive volume increases can we say funds are really entering the market — this is the iron rule I summarized from reviewing over 200 rounds of bottom market patterns, with an accuracy rate higher than weather forecasts. Following a single volume spike to bottom-fish is no different from flipping a coin.
K-lines only tell you the 'results'; trading volume hides the 'reasons.' A big bullish line can trick you into the market, while a big bearish line can scare you into cutting losses, but trading volume can't deceive people. Is it funds frantically grabbing shares, or retail investors following suit? Is the main force quietly leaving, or is it a panic sell-off? Just look at the trading volume, and it's clear at a glance. Now when I watch the market, I first scan the trading volume and then look at the K-lines, which helps me avoid 80% of the pitfalls.
Breaking free from emotions is the 'survival instinct' in the crypto market. Those who can live and make money are never those who predict accurately, but those who are clear about 'when to charge and when to cut.' I was once trapped by greed and cut by fear, and only later did I understand: in the crypto market, greed and fear are the two sharpest sickles. Being able to cut them off in time is more effective than any analysis tool.
On the day the 320,000 arrived, I looked at the frown lines and thinning hair in the mirror, and suddenly felt relieved: wealth has always been a reflection of perception. The youth I've lost, the nights I've stayed up, and the hair I've shed have all turned into the current 'pitfall guide.'
In fact, the crypto market is like the weather in Hangzhou; it looks complex and unpredictable but has patterns to follow. Next, I will slowly share the trading skills and pitfall checklist I've summarized over 8 years — after all, helping you avoid detours makes me happier than earning an extra 100,000 myself.
Follow me, and next time let's talk about 'those seemingly guaranteed traps that will make you doubt life,' which you will definitely find useful! After all, the mines I've stepped on are enough for you to walk around West Lake three times~
