To this day, I have been in the crypto circle for 10 years. I lost more than 700,000 from the initial capital of 1 million in the first three years! Do you know how devastated I was? At that time, I could have bought a house, now it has increased by who knows how many times! Even my husband almost divorced me! Later, after much reflection, I decided to start over.
I really feel unwilling; starting from the fourth year, I began again with the remaining 300,000, slowly accumulating my earnings, and gradually stabilizing my income every year!
Now I have turned the remaining 300,000 back then into over 34 million, and I can completely stabilize my income. Over the years, I have summarized 10 must-follow iron rules and a set of my own trading methods, and I’m sharing them with everyone today!
I sincerely hope that friends who are confused in the crypto circle now can absorb this and avoid some detours; otherwise, hitting a wall has a very high cost!
Today I am sharing valuable insights with everyone; the words are short, but each one strikes at the heart, and after reading, you will also have an epiphany!
The strategy for fighting against the big players in the crypto circle: hitching a ride.
First, let’s talk about a strategy:
In the process of rising, every drop is an opportunity to enter; in the process of falling, every rise is a signal to escape.
First, think about a question: does such a powerful big player have any weaknesses for retail investors?
Yes, this weakness is the big player's throat, and what we need to do is to strike accurately.
When a big player starts collecting chips in a currency pair, it’s very likely that this market will not create new lows again, you just know.
Oh, the big player has started to infiltrate. Individual sporadic events creating new lows will also quickly be pulled back; when the main force’s chips are gathered enough.
At that moment, one thing the main force must do is to start the rise; even if a large number of retail investors get on board at this time, the big player has to push up because.
His chips are already sufficient; at this time, what we need to do is to catch this wave and benefit from it.
The previous bottom-fishing position is precisely inserted at the big player's position: the throat.
So when does the trend start? When a currency pair no longer creates new lows, it indicates that the big player has entered, meaning the upward trend has begun.
Start. This is the trend.
Remember, once the trend starts, every drop is an opportunity to enter, don't miss it.
During the upward process, many retail investors will follow the trend; the purpose of the downward movement is to wash out the market, but the reality is that when prices rise, you end up chasing at a high point, and during the washout, you can't bear the losses and cut your losses at a low point. Pull out your trading records and think carefully; it’s simply ridiculous.
Remember, in an upward trend, every drop is just washing the market, just washing the market. Don’t think every drop means it’s over, it’s going to break down, it’s going to zero, it’s going to delist; it’s just washing the market. At most, it’s a false move; why be afraid of a false move? Even if you don’t know where to buy or sell, as long as you have this concept in your mind, you have already surpassed 80% of retail investors. At least the candlestick chart has a big framework in your eyes; as long as there’s a big framework, you will have a sense of security, and the rest is patience.
Some people may say, this is because the candlestick chart + the movement is out; you can naturally draw like this, but if it hasn't moved out, how do you know?
Don't be stubborn, don't get stuck in a rut, think about the logic behind this process!
Some say I entered at the throat, and I also entered during the drop, but how do I judge which place is the top, and when should I exit?
As the saying goes, the one who can buy is a student, and the one who can sell is a master. In order not to let you see that he is running away, the big player often does it very subtly, making the difficulty of running away rise steeply compared to bottom fishing. The fact is, if you happen to walk at a high point as a retail investor, that is your luck; you can't eat all the fish head to tail, eating a segment is enough for you to digest. You must run away before the big player runs away to secure your gains.
As for how to judge whether it is a top, one is to look at the volume, and the other is to see whether the currency price will create new highs again. This will be discussed in a special article later on how to judge the big player's top.
The logic of the strategy mentioned earlier also includes an ultimate skill: needle insertion.
Among these washout techniques, I particularly love needle insertion, especially large needles; when I see this kind of needle insertion, I instinctively feel excited. Because I am very clear about what the main force wants to do at this moment, I call this pattern a slingshot: the tighter the slingshot is pulled back, the further it will shoot.
So is needle insertion scary? Not scary, it’s even a bit cute, but the premise is that it’s in an upward trend.
Conversely, the same principle applies: when the currency price reaches double or even triple profits, it can even reach ten or a hundred times profits in the crypto circle.
It’s no exaggeration to say that even if you can get 50% in this process, you are already at the top of the retail investor pyramid.
Once the price no longer creates new highs, be cautious. Remember these 12 characters.
Next, once an avalanche occurs, it’s a disaster; every rise is an opportunity to escape. Don’t hold out hope for it to rise a bit more; don’t hesitate, otherwise, you'll be trapped for years.
There is an extremely dangerous operation in this: betting on a rebound. The return is not high, but the risk is extremely great, picking tickets in the fire, it’s not worth the loss.
If you're still lost now, why not try changing your profile picture!
