In the ten-year journey of the cryptocurrency circle, I have witnessed the transformation from huge losses in the abyss to financial freedom. Every setback is a tempering of the soul, which has made me what I am today. Now I condense my six core cryptocurrency wisdom into refined mottos to illuminate the way forward for my peers:
Trend Navigation: The market is like the sea, and the trend is the rudder. Sail with the bullish tide and avoid the bearish waves to steer the rudder. The 20-day moving average is like a nautical chart, and Ruixuan guides the direction, allowing positions to go hand in hand with the trend, and advance and retreat with evidence.
Quantity-price resonance: Insight into the mystery of price and volume is a secret to transcending the ordinary. Price increases and volume increases, which is a healthy signal; divergence is an early warning. Master the pulse of trading volume, understand the trend of funds, and steadily control the market waves.
Precise layout: Reject blind diversification and focus on one corner. The market changes rapidly, and only by concentrating firepower can you hunt accurately. A few but precise strategies are better than blindly following a wide net.
Big picture perspective: Watching the market is like playing chess, you need to have a big picture. Don't be confused by short-term fluctuations, grasp the macro trend, and you can be far-sighted. Macro determines the direction, and micro adjusts the strategy, so that you can go steady and far.
New high strategy: When setting new highs, the traditional framework may need to be flexible, but the volume and the 10-day moving average are still the key. Strong currencies climb along the moving average, and keeping the line is to keep the position, which is the source of confidence.
Control yourself: On the road of currency speculation, the mentality determines the height. Greed and fear are both demons, which need to be overcome with determination. Cultivate the habit of calm analysis, be calm and unhurried in the transition between bull and bear, and opportunities will appear.
These six iron rules are my valuable experience in crossing the storm of the currency sea. I hope they will become your lighthouse in your voyage, guiding you to break through the waves until the flowers bloom on the other side. Remember, currency speculation is not only a display of skills, but also a spiritual practice. Only by cultivating both inside and outside can you smile at the changing situation.