In these years of cryptocurrency trading, from having nothing to earning tens of millions, I didn't rely on insider information or catch the bull market, but instead used a set of 'simple methods' repeatedly. Here are 6 rules that helped me survive and make money.
First rule: Fast rises and slow falls mean the big players are accumulating.
Rapidly rising and slowly falling often indicate a washout; don’t rush to exit. A true peak occurs when there is a significant volume increase followed by a direct plunge, that is the bait for more buyers.
Second rule: Fast declines and slow rises mean the big players are distributing.
A sudden crash followed by a slow rebound is not an opportunity, it’s the last blow. Don’t fantasize, 'Can it really drop more after such a big drop?'
Third rule: High volume at the top does not necessarily mean the end; low volume is what’s dangerous.
If there is still volume at a high level, it may push up again; if there is silence without volume at a high level, that is the eve of a crash.
Fourth rule: Don’t be impulsive with high volume at the bottom; sustainability is key.
A one-time volume spike may be bait; sustained multiple days of volume combined with shrinking oscillation followed by a volume spike is a true signal for building positions.
Fifth rule: Trading cryptocurrencies is about trading emotions; emotions are hidden in the 'volume.'
Candlestick charts are the result; trading volume is the thermometer of emotions. When volume shrinks, no one is participating; when volume explodes, funds are flowing in.
Sixth rule: 'Nothing' is the ultimate state.
No attachment, willing to hold cash; no greed, not chasing highs; no fear, willing to buy at the bottom. It’s not a passive mindset, it’s a top-tier mentality.
Finally, tools are the eyes, discipline is the hands. Go to Ave.ai to see the real on-chain flows and become the master of your own trading. #币圈