Friends, I am Brother Bin. I have been in the cryptocurrency space for ten years, and I have seen too many people chase the myth of 'getting rich overnight,' only to end up with bruised faces. Today, I want to say something practical: the methods that can truly make money in the long run are often simple enough to be overlooked. Over the years, I have survived through a seemingly 'clumsy' strategy amidst the ups and downs of the market, and I have accumulated quite a bit of profit. Each piece of advice I share below is based on my real experiences, and I hope it helps you avoid unnecessary detours.
1. Don't follow the trend in the early market, patiently wait for opportunities
Every morning is the purest time for market sentiment, but it is also when the most traps exist. My habit is: don't panic when the market drops in the morning, and don't be greedy when it rises. For example, if I see the price of coins drop significantly in the morning, as long as it hasn't broken key support levels, it is actually an opportunity to buy low; if there's a sudden surge in the morning, I will never chase the high - it’s likely a trap for the naive, and rushing in can lead to losses.
Why do this?
Morning volatility is often driven by emotions, and the news hasn't stabilized yet. Blindly following the crowd can easily turn you into 'chives' (a term for inexperienced traders). Once, I noticed a mainstream coin dropped 10% in the morning, but the 4-hour chart showed it was still on the support line. I decisively added to my position, and in the afternoon, it rebounded directly, recovering my losses.
2. Afternoon market: Don’t be fooled by 'false moves.'
If the coin price suddenly surges in the afternoon, I will generally be alert: this may be a trap set by the main force to attract retail investors to take over. Conversely, if the price crashes in the afternoon, I won't rush to buy the dip, but will wait until the next day when the trend is clearer. The market often takes time to stabilize, and impulsive orders can easily lead to losses.
Take an example: Last year, a follower saw a certain coin surge 15% in the afternoon and excitedly bought in with full leverage, only to see it drop back to the original point an hour later. I chose to wait, and the next day, upon finding that the trend continued, I entered the market with a cost 8% lower than his.
3. Yin and Yang line strategy: Buy when discounted, sell when prices rise.
This tactic sounds simple, but many people can't do it: buy in batches during bearish candle pullbacks, and sell in batches during bullish candle surges. The principle is like shopping—stock up when there are discounts and sell when prices rise. For example, if a coin has been dropping continuously and then shows a long lower shadow (hammer candlestick), it indicates that the bulls are starting to fight back, and entering a position at this time is much safer than chasing prices.
Key point: A bearish candle does not indicate a trend reversal; it must be assessed in context. If the coin price closes a bearish candle at a high level, it may signal a peak; if it closes at a low level, on the other hand, it is an opportunity.
4. When the trend is unclear, lying down is better than acting blindly.
The crypto world abhors 'obsessive trading.' My principle is: If the trend is unclear, do not act decisively. For example, when the coin price is sideways, many people feel the urge to trade and end up getting slapped back and forth. In fact, sideways movement is the market brewing direction, and patiently waiting for a breakout is the best strategy.
How to judge the trend?
Uptrend: Low points and high points continue to rise, and pullbacks are opportunities to add positions.
Downtrend: Highs and lows continue to decline, reduce positions during rebounds;
Sideways market: Don’t chase prices near the upper boundary, and don’t cut losses near the lower boundary.
5. Counter-trend thinking: I am greedy when others are fearful.
This is a cliché, but when it comes to practice, 90% of people cannot do it. For example, when the market is in panic and crashing, even the news is pessimistic, do you dare to build a position in batches? I entered the market after a certain coin dropped 30% in 2023, and later made a double profit on the rebound. Going against the trend is not about stubbornly holding on, but staying calm when the crowd is irrational.
Note: The premise of going against the trend is that the coin price has reached a key support level and the fundamentals have not worsened. Never try to catch a falling knife halfway up the mountain.
6. Simple technical indicators: Naked candlesticks are enough.
I don't like complex indicators; a single candlestick plus trading volume can reveal 70% of the insights. For example:
A hammer candlestick appears at the end of a downtrend, indicating a high probability of a bottom;
A shooting star appears at the end of an uptrend, indicating a high probability of a peak;
A surge in volume indicates a real breakthrough, while a rise in low volume may be a false signal.
Once, I entered the market at the bottom of BTC using the hammer candlestick on the 4-hour chart and enjoyed a subsequent 20% increase. The simpler the technique, the easier it is to execute.
7. Mindset management: Trading coins is not gambling; it is a practice.
Lastly, a heartfelt word: The hardest part of the crypto world is not the technology but controlling your actions. I once lost a month's profit in a single day due to frequent trading. Later, I set a rule for myself: no more than 3 trades per day, and immediately withdraw 30% of profits. Gradually, my account stabilized.
Advice for beginners:
Avoid high leverage; 5 times is the bottom line;
Trade after 9 PM to avoid the chaotic news of the day;
Withdraw weekly, otherwise the numbers are just an illusion.
Conclusion
There is no holy grail in the crypto world, but simple methods are often the most durable. My strategy can be summarized in nine words: wait for opportunities, watch positions, control your holdings. I hope you can set aside your anxiety and execute steadily. Don’t forget, the bull market is not short of stars, but lacks longevity. Follow Bin Ge to learn more first-hand information and precise points in the crypto world, becoming your navigation in the crypto space; learning is your greatest wealth!#加密市场反弹 #以太坊L2如何发展？ $ETH
