After years of fighting in the crypto market, I’ve come to understand one truth—those simple and straightforward rules often help you avoid detours. Today I want to share some experiences accumulated with real money; veterans can verify, beginners can use as reference.
Timing is crucial in trading. You should position during pullbacks, not chase after rising prices. After a sideways consolidation, a pullback to support levels is a safer entry point. If you jump in during a sharp surge, you’re probably just rushing to be the last bagholder.
When the market is at its craziest, you need to stay even more clear-headed. The louder the crowd, the earlier you should start taking profits in batches—don’t expect to sell at the absolute top. The same principle applies—slow and steady growth is the true trend, while rapid surges should raise caution. Continuous small bullish candles are healthier; a sudden huge bullish candle is often the last push, and you should be alert.
Downward movements also reveal clues. Price crashes can sometimes be false alarms, but if the decline is relentless, beware of genuine distribution. Looking at volume—rising prices without volume is a trap for false breakouts; increasing volume during a decline is a real signal to exit.
Don’t stubbornly hold when key supports break. Once the trend breaks, step back and observe calmly—don’t fight the market head-on. Spend more time analyzing the daily and weekly charts for the big picture, and don’t get lost in short-term fluctuations on minute charts. These rules aren’t complicated, but when you’re impulsive, they give you a rational reason to hit the brakes.
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ForumLurker
· 12h ago
Really, the saying about retracement and layout has been heard too many times, but every time people chase high, the flow is still continuous. That's human nature.
People say it nicely as if they are all armchair strategists after the fact; the key is how you judge whether it's a retracement or a continued decline, which is the real challenge.
I agree with the phrase "slow and healthy rise," but when the market comes, who has the time to care about these? When impulsive, everyone is a leek.
Trading volume indeed doesn't lie, but there are enough deceptive K-lines. Looking at charts is satisfying for a moment, but topping up can lead to a cremation scene.
Those who run when support levels break often miss out on a rebound, and greed leads to direct losses. Counting it up, the former still wins.
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VibesOverCharts
· 12h ago
You're right, these are all lessons learned through blood and tears... but there are actually very few who can truly do it; most just agree verbally but still want to take a gamble in their hearts.
Wait, I have to question the statement "consecutive small bullish candles are healthier," because in the past two months, many coins have been slowly worn down by small bullish candles.
The most heartbreaking part is still the part where I chased the high. It feels like I'm always the last bag-holder, and fate is testing this theory of yours.
Honestly, I can't just run when support breaks; I always want to wait a bit longer... but in the end, my account shrinks.
All these points are valid, but when the market goes crazy, your mind just becomes unclear. Reading books and studying are really two different things.
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SandwichTrader
· 12h ago
There's nothing wrong with what you're saying, but executing it is really damn difficult. I always see the opportunity to pull back but just can't wait, ending up chasing the high and getting trapped.
Chasing the high is truly a curse; the more you know you shouldn't, the more you can't resist.
This paragraph hit me hard. Last time, I was clearly bullish on the weekly chart, but I got fooled by a minute-level rebound and ended up losing a lot.
That giant Yang line idea was brilliant. I'm the kind of person who gets excited whenever I see a big Yang line.
What you're saying is correct, but how many can actually make money doing it? Most are still controlled by emotions.
I agree with the idea of exiting on volume decline during a decline; I've confirmed countless times that this is a lifesaver.
Feels like you're talking about me, like you're speaking to a mirror.
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DefiOldTrickster
· 12h ago
That's so right. I've jumped over all these pitfalls; it's a bloody lesson. The chasing high strategy—I’ve seen too many people go all-in and end up in the hospital, really. The harshest are those sudden surge candles, every time I see them I think of the disaster in 2018. Damn, even a single giant candle now can trigger my reflex to sell in batches.
I am now firm on the strategy of retesting and re-entering; missing out is okay. There are plenty of opportunities for annualized returns anyway. Compared to chasing quick gains, I care more about how to survive in a bear market—that's real skill.
After years of fighting in the crypto market, I’ve come to understand one truth—those simple and straightforward rules often help you avoid detours. Today I want to share some experiences accumulated with real money; veterans can verify, beginners can use as reference.
Timing is crucial in trading. You should position during pullbacks, not chase after rising prices. After a sideways consolidation, a pullback to support levels is a safer entry point. If you jump in during a sharp surge, you’re probably just rushing to be the last bagholder.
When the market is at its craziest, you need to stay even more clear-headed. The louder the crowd, the earlier you should start taking profits in batches—don’t expect to sell at the absolute top. The same principle applies—slow and steady growth is the true trend, while rapid surges should raise caution. Continuous small bullish candles are healthier; a sudden huge bullish candle is often the last push, and you should be alert.
Downward movements also reveal clues. Price crashes can sometimes be false alarms, but if the decline is relentless, beware of genuine distribution. Looking at volume—rising prices without volume is a trap for false breakouts; increasing volume during a decline is a real signal to exit.
Don’t stubbornly hold when key supports break. Once the trend breaks, step back and observe calmly—don’t fight the market head-on. Spend more time analyzing the daily and weekly charts for the big picture, and don’t get lost in short-term fluctuations on minute charts. These rules aren’t complicated, but when you’re impulsive, they give you a rational reason to hit the brakes.