How long did it take to go from 8,000 yuan to 8 million yuan?
In a six-year trading career, what is the method to achieve periodic and stable profits?
Is it frequent short-term trading or high-leverage gambling, or is it to get the dividends of the market.

I admit that half of my income was indeed earned in the bull market in 21 years, but the real reason for stable income is low-multiple compound interest plus enough patience
Although the market is open to everyone for trading 24 hours a day, how many opportunities are left for everyone to operate? In terms of a year, I think there are only two or three months of opportunities for us to operate

Sometimes I chat with friends about why they say that 90% of people in the market are losing money. Why are they losing money?
Is it because of lack of experience? Is it because I don’t know enough? I think you may understand what I understand, and you may understand what I don’t understand better than me. So what is wrong? There are too many myths and legends, and a few people who get rich quickly are exaggerated. That is just a trap of capital
Being too impetuous is the biggest disadvantage
You and I are all fish, so why don’t we want to be a fisherman?

Sui has broken through the support level, and it may be time to short. After several days of continuous increase, where will Sui drop to?

A few hours ago, Sui rose from $1.93 to $1.97, which is a minor rebound after the price broke through the support level.

Sui has a support level between $1.98 and $2. If this rebound cannot return above $2, shorting is advisable; or if it rebounds to $2 but the price cannot stabilize and falls below the support level again, shorting can also be considered.

Next, I will share the logic for shorting from a few other perspectives.

One reason for Sui's continuous rise previously was due to a "move pump." At that time, Sun also experienced a surge because of a pump, but now Sun's price has already fallen back to the starting point of the rise, while Sui remains at a high level.

Additionally, the previous series of positive news about Sui triggered an on-chain frenzy, but currently, Sui's on-chain data has significantly declined, and the price may also decline significantly in the future.

Therefore, now might be a good opportunity to short Sui, which can be combined with the trading techniques I mentioned earlier.

The meme craze is rising alongside the bullish calls, and bome may be the next tenfold meme coin. Why do I value it?

Many people like on-chain meme coins; the odds are high, but the probability of buying the right one is akin to scratching a lottery ticket, and they often plummet to zero from high positions. Although meme coins listed on major exchanges have large market capitalizations, this means stronger consensus. As long as Bitcoin leads the rise, holding these meme coins will yield returns that outperform the market.

Why could bome be the one?

Firstly, the Sol chain, where bome is located, recently launched the 'Golden Dog,' reaching a market capitalization of $400 million in less than ten days, which is higher than many coins listed on Binance. Moreover, more and more first-tier market investors are accustomed to calculating profits and losses using $sol, reflecting the growing prosperity of the Sol chain and its ecosystem.

The value of meme coins lies in their popularity, and bome is situated on the increasingly trending Sol chain.

Secondly, referencing pepe's explosive growth earlier this year, the essence of a violent rally is the accumulation of enough chips by the operators. Pepe experienced seven months of consolidation from its listing on Binance to its surge.

Bome has also been hovering at the bottom for over seven months since its listing on Binance. Will it soon be the next pepe?

APT rose against the trend, and the previous analysis of its rules came true one by one. Should I buy or sell next?

On October 13, I wrote a special article for apt, and I will briefly repeat it here.

Independent market trends indicate that there is a team behind them. Then you need to find their usual trading methods to trade.

As shown in the figure, apt has the law of following the trend channel in the independent market, and the trading methods are mainly based on the wave theory. The price will pull back when it rises to the upper trend line, and it will rebound when it falls to the lower trend line.

It is also based on this law that I reminded you to buy on dips in my article on October 13, especially when it pulls back to around $9.5. Sure enough, apt fell to $9.6 and immediately rebounded.

So, should I buy or sell next?

Combined with the previous article, the current price will touch the upper trend line, and there is a high probability of a pullback. In addition, apt has risen in volume at a small level, which is also one of the signals of a change in the market.

If it breaks through the previous high and continues to rise to around $11.6, there is a possibility of a false breakthrough. After making a reasonable judgment, you can cover your position appropriately. APT rises against the trend. The previous analysis of its rules has been fulfilled one by one. Should I buy or sell next?

On October 13, I wrote a special article for apt, and I will briefly repeat it here.

The independent market shows that there is a team behind it. Then you need to find its usual trading methods to trade.

As shown in the figure, apt has the law of following the trend channel in the independent market, and the trading method is mainly based on the wave theory. The price will pull back when it rises to the upper trend line, and it will rebound when it falls to the lower trend line.

It is precisely by using this law that I reminded you to buy on dips in my article on October 13, especially when it pulls back to around $9.5. Sure enough, apt fell to $9.6 and immediately rebounded.

So, should I buy or sell next?

Combined with the previous article, the current price is about to touch the upper trend line, and there is a high probability of a pullback. Moreover, apt has increased in volume at a small level, which is also a signal of a change in the market.

If it breaks through the previous high and continues to rise to around $11.6, there is a possibility of a false breakthrough. After making a reasonable judgment, you can appropriately cover your position.

It is recommended to start a long-term short on REEF, as even if Bitcoin surges later, it is hard for it to escape the fate of continuous decline.

Why am I so certain? Just refer to other cryptocurrencies with similar trends to Reef.

TRB was $110 on January 3, 2024, and dropped to $41 three months later.
Gas was $7.3 on November 12, 2023, and fell to $2.4 eight months later.
Loom was $0.094 on October 19, 2023, and decreased to $0.039 nine months later.
High was $4 on June 10, 2024, and dropped to $0.95 two months later.

The above tokens, like Reef, surged and then immediately plummeted, followed by a long-term and continuous decline in price.

Such small cryptocurrencies require market makers to pump the price. Due to their low popularity, few believers, and lack of outstanding project development, along with the 'surge and then plummet' pattern that often leads to retail investors losing confidence, when market makers exit, there are hardly any buyers left.

Therefore, after such a sharp decline, these types of coins are difficult to escape a slow downward trajectory, making long-term shorts a viable strategy.

Objectively evaluate the benefits of APE and cool down the crazy pursuit of rising sentiment.

I just checked it out. As early as a few months ago, there was news that the ape chain was going to be opened. It is a pity that I didn't find this opportunity.

Now, the ape chain is open, the pump of the ape chain is open, and $ape has skyrocketed instantly. However, I would like to express some more objective views on this.

First of all, this is a continuous positive, not a short-term speculation. But the sudden surge in $ape's volume is like a short-term speculation method of rising. Such a rise is easy to pull back and fall. Refer to the continuous shrinking rise of $sui, which is more in line with the continuous positive.

Secondly, although the opening of the pump of the ape chain is a positive, I have doubts about its subsequent development. After all, Tron and Binance have also made pumps before, but they couldn't get it done. Can ape do it with its strength? I don't have much confidence.

So, although the emotions are extremely crazy, I personally think it is not suitable to buy at a high price.

However, the current contract rate is negative, and there are too many shorts, so there is still a possibility of shorts being harvested upwards. Either wait for a callback to buy and bet on the outcome of shorts being harvested; or wait for the long and short balance to find an opportunity to short at a high level.

Recommended coin with 10x potential: Hook.

Currently, Bitcoin has returned to $70,000, but if a bull market starts in the future, it will only rise by 42% to $100,000.

Therefore, although buying Bitcoin is the safest choice, you also need to bet on some opportunities with high odds. Properly ambush small currencies, and you may get unexpected gains.

Objectively speaking, $hook has better potential than most small currencies.

First of all, it has high cost performance. The launch price is $5, and it has been hovering at the bottom of $0.4-0.6 for a year. In addition, basically many small currencies have experienced a surge of 2-3 times the launch price, but $hook has never exploded.

Secondly, the recent project development and benefits. The day before yesterday, the project party released the "Hooked Third Quarter Review and Fourth Quarter Outlook", and its educational promotion has been completed in major universities around the world, such as MIT, Hong Kong University, Korea University, National University of Singapore, etc.

The third is the background factor. As a Binance Launchpad project, the former founder of Binance also selected $hook and said that he would invest in the blockchain education industry in the future, which has broad prospects.

Education is essential for an industry to continue to develop. Combining the above and the recent booming development of the project, $hook is a good choice for long-term investment.

Suggestions for intraday trading of mainstream coins. Short-term traders can start to escape the top.

As shown in Figure 1, the wealth code sent to the outside last night, Ethereum short orders are making profits.

Next, let me share the trading suggestions for mainstream coins.

Today is Saturday. Due to the two-day weekend, the US stock market will not have any big market trends. The trend of mainstream coins is mainly volatile.

Bitcoin 67800 ~ 69000, Ethereum around 2620 ~ 2680, around these ranges, buy low prices and short high prices, as long as the position control is reasonable, it can be said that it is basically a market to pick up money.

Finally, answer the question that many people are most concerned about. Will Bitcoin start a bull market and continue to soar?

Refer to Figures 2 and 3. This is the "M" form of Bitcoin's previous rise to 70,000 and callback. At present, Bitcoin is also in this form at the 4-hour level.

Therefore, even if you don't short, I think bulls can start to escape the top in the short term. After all, there will be oscillations and consolidation over the weekend and it will not rise. At the same time, avoid this being a false breakthrough.

Ethereum Wealth Code, 90% accuracy.

It has been a long time since I released the Wealth Code to the public. I did not stop loss when I released it to the public at the beginning of this month. Today is Friday and the weekend is about to start. I am very happy that I stopped profit with the members yesterday. I will release it again.

At present, the long and short game is fierce in the general direction, and the market is at a critical position.

My view is to escape the top as soon as possible. Even if you don’t short, you should reduce your profitable positions. As for the reasons, I will publish another article tomorrow to explain.

Next, according to the convention, I will directly give the wealth code.

2570~2590 long, stop loss 2530.
2650~2670 short, stop loss 2705.

Tomorrow and the day after tomorrow are weekends, the market will continue to fluctuate, and there will be no big market. If you conduct short-term transactions on weekends, you can also refer to the position given by the wealth code this time, buy low and sell high.

I wish you all a smooth transaction.

SCR is about to open spot trading. I will give an objective and comprehensive interpretation of it, and share a more cost-effective buying position.

First, analyze from a short-term perspective.

SCR will open spot trading at 16:00 on October 22. At the current pre-market trading stage, I think you can try to buy on dips.

This is the first currency on Binance to open pre-market trading, which will bring good popularity. New coins listed on Binance for spot trading usually do not plummet at the opening, but are prone to a small increase due to short-term popularity. Although most new coins continue to fall in the future, there is an opportunity to rise in the early stage of listing.

At the same time, SCR's pre-market trading is limited to 2,500 per person. The word "limited purchase" itself is a positive. As Binance's first pre-market trading token, if it fails and plummets, how can this function continue.

Secondly, from a long-term perspective.

At present, the price of SCR is lower than the internal purchase, and it was valued at 1.8 billion in the last round of financing of 50 million US dollars, and the current price is also much lower than the institutional lock-up price. Combined with the purchase restriction policy, it is indeed possible to continuously purchase at low prices and hold for a long time.

However, beware of the fact that issuing vc coins is cheap and unpopular. If you are a speculator, buy at low prices and wait for the spot market to open and sell at high prices, just as a short-term transaction.

Analysis of the RDNT crash, is it a hacker attack or a conspiracy?

Yesterday I wrote an article about the RDNT project team wanting to unlock 200 million tokens in advance to cash out, but the proposal was rejected by the community with an opposition rate of more than 90%.

Subsequently, the project team announced that RDNT was stolen, with an amount of about 50 million US dollars.

This series of events led to a continuous plunge in RDNT, but is it really the case?

First of all, judging from the amount, the market value of RDNT is only about 70 million US dollars. If it is really stolen, not only is it highly likely that the project team cannot afford to pay, but the project is also expected to be abandoned.

Secondly, RDNT has been stolen several times in the past two years. It is hard not to wonder whether the project team deliberately spread bad news to cause a crash, thereby defrauding retail investors of low-priced chips, and then pulling up and selling them for profit in the future.

I think it is very likely that the project team is eager to cash out, but the proposal is rejected, so they use conspiracy means to not only forcibly seize other people's property, but also get low-priced chips.

As an investor, you should stay away from such projects and tokens that have no bottom line.

INJ surged 11% instantly, so you can start shorting it.

Let’s talk about the reasons for the surge first.

INJ was listed on the Korean exchange UPbit today, which is one of the main reasons for the surge.

Due to the poor social environment in South Korea, many Korean people regard cryptocurrency speculation as the only way out, so Korean retail investors are extremely speculative. Once a small currency is listed on a local Korean exchange, there will often be a large number of crazy retail investors participating, which will cause a surge after the opening.

For example, CKB also surged at the end of last month because it was listed on a Korean exchange.

In fact, many new coins will also rise due to the popularity after they are listed on Binance, but Binance’s retail investors are far less crazy than Korean retail investors, so the increase is limited.

However, after the initial popularity of new coins has faded, they usually continue to fall. This is the case for many new coins listed on Binance, and so is CKB, which is still falling.

Therefore, you can sell INJ or start considering shorting it.

What is the reason for the sudden plunge of RDNT? Is it a good time to buy the bottom now?

According to reports, the Radiant Capital community is voting on the proposal of "accelerating the unlocking of RDNT to enhance the emission reserve and the annualized return rate of RIZ", with an opposition rate of over 90%. The voting ended on October 15.

In short, the project party wanted to unlock the locked 200 million RDNT in advance and cash it out, but was rejected by the community.

Now many small currency project parties are quite unscrupulous. Some openly upgrade their brands and issue new versions of tokens, while others silently increase the issuance of tokens. For such unscrupulous project parties who are only interested in selling coins, it is recommended to avoid long-term holding.

However, from a short-term perspective, it may be possible to go long as a short-term transaction.

Because the market crash caused by panic caused by such news at the first time is often a "gold pit". In addition, RDNT's K-line shows a "double bottom pattern with large volume" at the daily level, and there is a possibility of a large rebound.

It should be noted that this is an opportunity to buy the bottom in the short term, not a long-term holding. For such unscrupulous tokens, it is better to stay away from them as soon as possible.

Why did many meme coins and altcoins that had soared previously plummet, while Bitcoin led the rise instead? Share some trading suggestions for the future market.

This article mainly discusses the general trend, not short-term trading.

First, what is the reason why Bitcoin is currently leading the rise?

One is that there are dealers protecting the market, resulting in the absorption of sell orders, so many times after the decline, they are quickly bought up. However, no one protects the small currencies, so they can't hold up and plummet soon.

The second is that retail investors are not involved enough and the overall market funds are insufficient. After the collective pull-up surge, due to the small funds and poor liquidity, only the profit-taking of small currencies will flee first, and funds can be freed up to support the price of Bitcoin.

Based on this, how to judge the trend of the future market?

At present, my suggestion is to short at a high level. First, the resistance of Bitcoin at the price of 70,000 is too strong, which is prone to false breakthroughs; second, Bitcoin "sucks blood" from small currencies to lead the rise, indicating that there is little money in the market, which is not enough to start a bull market.

On the contrary, if Bitcoin can stay above $70,000 for several days and really stand firm, it will attract enough retail investors and funds to return, and the entire market may explode again.

But the latter is unlikely, so beware of false breakthroughs.

KLAY: The scam of brand upgrade is revealed, traders should short it instead of buying it.

Binance supports KLAY's brand upgrade to KAIA, and will delist KLAY on October 28. As soon as the news came out, KLAY skyrocketed instantly, but in fact, this was just to pull the market to allow the dealer to sell.

Binance has had many brand upgrades before, and it has never skyrocketed so much after the announcement of the news. The reason why it can pull the market this time may be that the popularity of KLAY is too low, and few people buy it, and the dealer can't sell all the goods. It can only let more people know about it by pulling the market and skyrocketing, so as to attract retail investors to buy and take over.

Brand upgrade is not a good thing, but a bad thing. I have explained this logic many times before, and I will persuade one person if I can.

Brand upgrade is nothing more than token replacement, that is, the project party sells all the previously issued tokens from their hands and issues new tokens. Since the project party has the right to allocate tokens, they can allocate new tokens to themselves again, and can then sell the tokens to cash out and leave.

It is said that the circulation of KLAY has increased after the upgrade. For such project parties that do not care about the value of the project and the interests of retail investors, what good results can be achieved by investing in them?

Refer to the upgraded tokens such as $G and $RENDER, how they depreciated. Therefore, shorting is enough.

Accurately predict the REEF plunge, the current drop is more than 100%, where will the price go next?

The previous judgment on REEF was quite accurate. First, on the evening of the 14th, it was reminded that the funding rate was too low, and it might plummet to harvest retail investors who wanted to go long and eat the funding rate. As a result, it plummeted 60% from the high on the 15th. That night, I also posted a message to remind people not to buy the bottom, and then it continued to fall by 40%.

As for the specific logic, the articles I have posted have explained it. Here I will only explain the results and will not repeat the process. So, REEF, which has plummeted for two consecutive days, should be shorted or long now?

At present, I think REEF is in an oversold state. The plunge is too fast. If it continues to fall, it may be delisted.

I gave an example before that REEF may continue to fall like HIGH in June this year. But you can compare it. Taking the Bollinger Bands as a reference, HIGH has never fallen below the lower track of the Bollinger Bands, while REEF has fallen below the lower track a lot.

So I said "it plummeted too fast". If you don't want to bear the risk of being delisted, REEF must rebound at least once.

The current funding rate is extremely low, and it is unlikely to plummet again when there are too many shorts, and REEF shows a double bottom pattern with large volume at the one-hour level.

Therefore, you can go long at the current price and control your position.

For take profit and stop loss, just set it according to the profit and loss ratio of 1:1. This transaction is super cost-effective. Due to space limitations, I may post another article to explain this later.

After REEF surged for many days, it plummeted 55% from its high. Do not buy and hold it for too long.

Many people may think that the sudden plunge in prices at high levels is a good opportunity to buy the bottom and wait for a rebound.

I admit that normal varieties such as mainstream coins can do this, but it is more dangerous to think so for altcoins. You can refer to the previous trend of $HIGH, which fell infinitely without rebound.

Due to the low market value of altcoins and the concentration of chips in the hands of dealers, once artificially pulled or smashed, it is basically a very exaggerated one-sided market, unlike mainstream coins that will pull back if they rise too much and rebound if they fall too much.

In addition to meme, many small currencies with low market value can only rise by pulling the market. After the dealer pulls the market and sells the goods, it plummets and rarely pulls it again.

Moreover, retail investors always like to short at high positions and go long at low positions for such altcoins with large fluctuations. At present, the REEF funding rate has returned to a positive number, and the bulls are leading. If you are a dealer, which side would you choose to harvest?

Don’t think you are getting a bargain by buying now. No one bought REEF when it was 0.001. Then it rose to 0.01 and then plummeted to 0.004. If you bought it at this time, wouldn’t you be taken advantage of?

Let me briefly describe the reasons for the recent surge, and my opinion on the so-called "bull market".

First of all, the reasons are the positive factors of Bitcoin's surge of 10%.

First, the news of the postponement of the compensation of Mentougou, which may mean that the sell-off caused by the compensation will be postponed. Previously, the news of Mentougou caused Bitcoin to plummet several times, and the market is more sensitive to this news.

Second, Harris has made a clear statement in support of cryptocurrency. At present, her approval rating is far behind Trump, and she may want to use this as a last-ditch struggle to canvass votes. After all, there is not much time left for the election, and she may "play big tricks" in this regard in the future, which is worth paying attention to.

Third, the mainland has begun to impose taxes on overseas investments of super-rich people, and the relevant tax rate may be as high as 20%, which has indirectly increased the demand of the rich for cryptocurrencies, especially Bitcoin.

Let's talk about the view on "Bull Return".

I think this is a normal rise in the past few days, not the kind of rise that can bring BTC to 100,000 US dollars all the way, and it is necessary to blindly chase high. Because the average daily trading volume of Bitcoin during this period is not high, it is not enough to produce a large-scale unilateral market.

It can be seen that after rising above 66,000, it quickly fell back to 65,000. The resistance at the historical high is very strong, and it is not appropriate to buy at the resistance level. A more prudent way is to buy on dips after the price successfully breaks through and the market sentiment is high.

The market is generally rising, share a small currency that can be ambushed.

Recently, thanks to the frequent good news and Bitcoin leading the rise, many small currencies have been independently pulled up. At this time, you can ambush some coins that have not yet started, which may rise in rotation.

Share a less well-known coin: ZIL.

Just the day before yesterday, ZIL voted for half a month to pass the halving policy. Starting this month, ZIL will begin to reduce mining rewards. This move can reduce market selling pressure and help prices rise.

Refer to Bitcoin's continuous rise after the reduction in production, which is a real positive. Not only may it be hyped up in the short term, but the reduction in production often brings long-term appreciation space.

At the same time, through observation, it was found that some whales and large funds began to focus on ZIL to buy.

As an old and strong coin, ZIL is a good choice for both short-term speculation and long-term holding.

Last night, I told myself to buy Ethereum at 2420-2440. I got on the train at the best position. When I woke up, it was much higher than the stop-profit position. The direction was right and I slept well.

I looked at the one-hour candlestick chart. This rise was like a thunderbolt. Next, I will wait for 2,600 or even 3,000.