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Sun Yuchen was born in 1990 and was admitted to Peking University in 2007 with a special reduction in scores. He later went to the United States for further studies. In 2012, he profited 10 million yuan by purchasing Bitcoin. In 2015, he was selected as a participant in the inaugural class of Lakeview University. In 2017, he founded TRON, which has become one of the three major public chains globally. In 2018, he sold TRX at a high price, making a profit of 12 billion yuan, earning him the nickname 'Sun Cut.' He then moved to the United States to operate TRON, significantly increasing his assets. In 2019, he bought a lunch with Warren Buffett but repeatedly missed the appointment, using it as an opportunity to cash out wildly. In 2022, he purchased Grenadian citizenship for diplomatic immunity. He has shown 'genius' in his operations within the cryptocurrency circle, but he is not viewed as a 'good person' by retail investors, who have lost trust in him, and his legend continues.
Over these six years, I have come to deeply understand that technical analysis is indeed one of the important tools for trading cryptocurrencies. I spent a lot of time studying candlestick charts and learning various technical indicators, such as MACD, RSI, etc., trying to predict price trends through them. However, reality has repeatedly shown me that the market does not follow the script of technical analysis completely.
The influence of market sentiment is simply too great; a piece of positive or negative news can instantly change the wind direction of the entire market. For example, the introduction of regulatory policies, even the slightest disturbance, can lead to significant price fluctuations. Moreover, the operations of large institutions and big players often leave retail investors confused. Sometimes, even though technical indicators suggest it is time to buy, a sudden negative news event can lead the market into a panic sell-off, making everything unpredictable. $BTC $ETH $BNB
Over these six years, I have come to deeply understand that technical analysis is indeed one of the important tools for trading cryptocurrencies. I spent a lot of time studying candlestick charts and learning various technical indicators, such as MACD, RSI, etc., trying to predict price trends through them. However, reality has repeatedly shown me that the market does not follow the script of technical analysis completely.
The influence of market sentiment is simply too great; a piece of positive or negative news can instantly change the wind direction of the entire market. For example, the introduction of regulatory policies, even the slightest disturbance, can lead to significant price fluctuations. Moreover, the operations of large institutions and big players often leave retail investors confused. Sometimes, even though technical indicators suggest it is time to buy, a sudden negative news event can lead the market into a panic sell-off, making everything unpredictable. $BTC $ETH $BNB
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