The Comeback of an Old Player in the Crypto World: From 35,000 to Tens of Millions, Based on These 5 Iron Rules!
I am Ye Feng, a local from Jiangxi born in 1987. I have been in the crypto world for 12 years and turned 50,000 U into tens of millions U in 8 years.
I didn't rely on insider information or luck, but solely on my self-developed trading system and strong execution!
After making money, I bought a property in Guangdong, collecting rent and relaxing. But I have never strayed from the market; after all, a true expert doesn't just make a quick profit and run away, but remains steady in various market conditions.
Today, I am sharing the 5 iron rules I have summarized over the years.
Understanding one rule can save you a hundred thousand; following three rules can help you surpass 90% of retail investors.
1. Rapid price increases and slow declines indicate that the big players are accumulating, not a sign of a run. A rapid rise followed by a gradual drop is often just a washout. The real warning sign is a large bearish candle after a strong rally; this indicates a trap for buyers.
2. Sharp declines and slow recoveries indicate that the big players are running away, not a good opportunity to buy the dip. Don't think that after a big drop you can find bargains; the big players are long gone, and what you pick up are just chips.
3. High volume at the top doesn't necessarily mean a crash; low volume at the top is dangerous. High volume indicates a lively market, and sentiment is still present; a top with low volume is a freezing point, and if you jump in, you are just the bag holder.
4. Don't rush to buy at the bottom with high volume; sustained high volume is more reliable. A sudden spike in volume may be the big players putting on a show, while breaking out after a continuous contraction in volume is the real accumulation.
5. Trading is all about emotions; candlestick patterns are the result, and trading volume is the reason. I always look at volume first when analyzing the market; volume changes precede price changes. Understand the volume, and you will be ahead of the game.
Some people ask me, why still watch the market when you have achieved financial freedom? I say, the market is not short of opportunities, but short of those who can understand them.
The market keeps changing, but only a few can profit. I don't chase highs and cut losses; instead, I lay my plans in advance.
There is no magic formula in the crypto world, only continuous sifting. Those who can persist will have their gold.
Don’t always think about hundredfold increases; consistently taking 10% over 20 times makes reaching 10 million just a matter of time.
I have walked through the darkness, and now I pass the torch to you; it's your turn to shine!
