There are many bloggers in the plaza, with experienced analysts sharing trading insights and recording tutorials.@YANCHI1819 There are also many photo editing scammers targeting fans (like Chief Kaixi Ge's diary). The existence of this plaza feature leads to such an ecosystem. In entering the cryptocurrency space, I should have experienced what everyone else has gone through. In this market, not learning is truly not viable. Without analyzing the current state of the market, opening positions will either lead to immediate losses or profits that cannot be held, resulting in only small gains. Over time, the risk-reward ratio becomes too low, with a low win rate leading to a negative mathematical expectation, making losses inevitable.
This series aims to document my learning experiences, primarily sourced from the internet and plaza blogger Yan Chi, along with some reflections. It does not constitute any investment advice. Learning should involve taking notes, and recording it on an account allows everyone to see it and makes it convenient to reference anytime, ensuring it won't be lost as long as the account exists. Those who do not like it can simply not click on it.

  1. What is a Bull Market?


    Bull Market (Uptrend): Prices continue to make higher highs and higher lows.

  2. Why do healthy uptrends experience pullbacks?


    During a sustained rise, pullbacks allow everyone to close positions and take profits, lightening the load.

    Pullbacks help to cool down and prevent the risks associated with prices rising too quickly. Avoid panic-induced pullbacks.


    Each pullback tests and confirms the effectiveness of support levels, enhancing investors' confidence in the continuation of the trend.

    When prices do not break critical support levels during pullbacks, it reflects that buyers have confidence in the current price level and are willing to buy at that price, thus supporting the price.