Based on everyone's understanding, what stage do you think the crypto market is currently in?
The crypto market used to be a confrontation between the East and the West. There used to be market movements both day and night, with the main activity occurring during Western hours, specifically between 21:30 to 7:30 Beijing time. Significant price increases usually occurred in the early morning, so a qualified trader would sleep at 20:00 and wake up at 4:00 to monitor trades.
1. If there is a continuous drop during the day in China, you must catch the bottom; at night, the foreigners will push the price up.
2. If there is a significant rise during the day, you should definitely not chase the highs, as it will likely drop back at night.
3. The key signal for buying and selling is the pin bar; the deeper the pin, the stronger the buy and sell signals.
4. Major meetings or favorable news will usually lead to price increases, but once it lands, it will drop.
5. In group discussions, when the community promotes a coin, speaking in extravagant terms, you may get excited, but there's a high probability you will get scammed, and reverse actions are needed. If a coin is very hot, you can short it immediately.
6. If a group friend recommends something and you feel disinterested, there's a high probability it will take off; when in doubt, it might be worth trying a little.
7. If you hold a large position, you will definitely face liquidation; why? You are on the exchange's focus list for liquidations.
8. Once your short position's stop loss is executed, it will definitely drop; if it doesn't trick you out or blow up, how can it fall? For example, TRB.
9. When you are about to break even, just a bit away, and the rebound suddenly stops, how can they let you close your position and run away?
10. When you take profit, it will pull back; if you don't exit, how can the price go up? The position is too heavy.
11. When you are excited, a crash will come as expected; your excitement is also a trap set by the market makers.
12. When you are broke, every project seems to be rising, causing you to FOMO and rush to enter the market.
So you understand that the market is manipulated with over 80% probability. Besides controlling your position, you must also take the initiative. Be clear that you must not enter the market until you understand the market makers' actions; if you enter, the exchange is the butcher, and you are the fish. Trading is about patience, self-control, and timing. Let's encourage each other.
