It has been some time since I started my cryptocurrency trading journey. This experience is like a roller coaster ride, full of excitement and challenges, and it has also allowed me to gain many valuable lessons.
When I first entered the cryptocurrency market, I was attracted by its huge wealth effect. Watching the prices of cryptocurrencies such as Bitcoin soar, it seemed as if I saw a broad road to easily achieve wealth freedom. However, I soon realized that this was not as simple as I imagined. The market is extremely volatile, and price fluctuations are like a runaway horse, which is difficult to predict. The moment before, I was still cheering and watching the account funds grow sharply, and the next moment I might fall into deep anxiety and panic due to the market crash.
In terms of trading strategies, I have tried many methods. From the initial blind following, listening to news and hot spots, I hurriedly bought when I saw others say that a certain coin was about to rise sharply, and the result was often a high-level takeover with heavy losses. Later, I began to learn technical analysis, study various chart patterns and indicators, and try to predict the future through historical price trends. But the market always seems to have its own "temper", and technical analysis is not omnipotent, and indicators often fail and patterns fail. However, it is not completely useless. It can help me judge market trends to a certain extent, but I cannot rely solely on it to make decisions.