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Others achieve financial freedom at 30, I rely on Cryptocurrency Trading, but what truly changed my fate are these 6 words.
I started to get involved in cryptocurrency at the age of 24,
No background, no resources,
With a laptop and a mobile phone,
In 2024, the account reached 8 digits.
But I want to tell you: technology is not the key, mindset is the decisive factor.
People engaged in e-commerce and industry might envy us cryptocurrency traders for having no inventory and no disputes.
But only those who have experienced it know that this market is a psychological battlefield.
With 6 years of experience, I have summarized 6 survival rules for Cryptocurrency Trading.
May you take fewer detours and attain "freedom" soon.
[6 Major Laws of the Cryptocurrency World | Understanding them is worth more than learning ten types of technology]:
1. Rises fast and falls slow = Accumulation
The rise is fierce, while the fall is slow; this is large capital secretly accumulating. Don't be afraid of the drop, just watch the rhythm.
2. Drops quickly and rises slowly = unloading
A weak rebound after a sharp decline indicates that the whales are fleeing. Don't be greedy for cheap prices; be careful not to become a bag holder.
3. Volume at the top = possible continued rise; No volume at the top = hurry to run away
Volume determines direction; there is drama only with volume; without volume, it is like a strong bow with no strength left.
4. Don't be impulsive when the volume increases at the bottom; sustained volume is what makes it safe.
A single volume increase may be a bait, while multiple volume increases indicate that consensus is forming.
5. Cryptocurrency Trading is about trading emotions; consensus determines the direction.
Forget about the complex structure of candlestick charts, return to market psychology, and volume is the mirror of consensus.
6. "Nothing" equals everything
Without obsession, greed, or fear, there can be a true winning rate.
Only those who can wait for opportunities with an empty position deserve to have a big market.
The last point: the only enemy of cryptocurrency trading is yourself.
The data of the beautiful country, the necessary announcements, and the main force's rise.
These pieces of information are just appearances; the real variable is the fluctuations in your heart.
Finally, I am Old Zhang. I hope the valuable insights shared today will be beneficial and enlightening for you who are in a state of confusion.