There is a fren in Hangzhou, 40 years old, who has been navigating the crypto market for a full ten years.
What she did was particularly "stupid"—she just stubbornly stuck to the rules, slowly rolling 120,000 in capital into over 50 million. There were no insider tips, nor did she rely on sheer luck. Now she owns 4 properties (one for herself, one for her parents, and two for rental), and she has a small studio that is operating steadily.
I think the six survival rules she summarized are much more useful than those flashy indicators:
**1. Rising sharply but falling slowly? It's likely that the main force is accumulating positions.** After a surge, a mild pullback often indicates that large funds are quietly accumulating. Don't be fooled by surface fluctuations; the key is to watch the rhythm.
**2. Falling fast, struggling to rebound? The main force is unloading stock** After a flash crash, it can't bounce back, which basically means funds are withdrawing. At this time, don't even think about bottom fishing, as it's the easiest way to get trapped.
**3. High volume at the top does not necessarily mean a peak** The top area sometimes has increasing volume while still pushing up, but a decrease in volume at the top is more dangerous, as it may indicate that the market is about to end.
**4. Don't trust a single volume at the bottom; continuous volume is the true bottom** A sudden surge in volume is often an illusion; one must observe multiple instances of sustained volume to indicate that market consensus is slowly forming.
**5. It's not the patterns that are being speculated on, but the human emotions** No matter how advanced the technical indicators are, they ultimately return to emotions. Volume is the most straightforward expression of market sentiment.
**6. The "Wu" character method is the hardest to practice** Without desires, fears, and attachments, one can live a long life. Only by enduring the period of being out of the market can one qualify to wait for a big market movement.
These things seem simple, but there aren't many who can truly do them. In the crypto market, those who survive are often not the smartest, but rather the most patient ones.
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There is a fren in Hangzhou, 40 years old, who has been navigating the crypto market for a full ten years.
What she did was particularly "stupid"—she just stubbornly stuck to the rules, slowly rolling 120,000 in capital into over 50 million. There were no insider tips, nor did she rely on sheer luck. Now she owns 4 properties (one for herself, one for her parents, and two for rental), and she has a small studio that is operating steadily.
I think the six survival rules she summarized are much more useful than those flashy indicators:
**1. Rising sharply but falling slowly? It's likely that the main force is accumulating positions.**
After a surge, a mild pullback often indicates that large funds are quietly accumulating. Don't be fooled by surface fluctuations; the key is to watch the rhythm.
**2. Falling fast, struggling to rebound? The main force is unloading stock**
After a flash crash, it can't bounce back, which basically means funds are withdrawing. At this time, don't even think about bottom fishing, as it's the easiest way to get trapped.
**3. High volume at the top does not necessarily mean a peak**
The top area sometimes has increasing volume while still pushing up, but a decrease in volume at the top is more dangerous, as it may indicate that the market is about to end.
**4. Don't trust a single volume at the bottom; continuous volume is the true bottom**
A sudden surge in volume is often an illusion; one must observe multiple instances of sustained volume to indicate that market consensus is slowly forming.
**5. It's not the patterns that are being speculated on, but the human emotions**
No matter how advanced the technical indicators are, they ultimately return to emotions. Volume is the most straightforward expression of market sentiment.
**6. The "Wu" character method is the hardest to practice**
Without desires, fears, and attachments, one can live a long life. Only by enduring the period of being out of the market can one qualify to wait for a big market movement.
These things seem simple, but there aren't many who can truly do them. In the crypto market, those who survive are often not the smartest, but rather the most patient ones.