The market has always been communicating with you, but many people simply cannot understand. The price rushes to a key level but fails to break through, instead throwing out a long upper wick? That doesn't happen randomly. Similarly, a certain level has been sideways for a long time but just won't fall? These are all conveying signals.
Some of my past earnings, to put it bluntly, are just waiting for these signals to appear. I never predict whether tomorrow will rise or fall; I only act when I understand the patterns and price levels. Most of the time, I'm actually just observing. There are not many opportunities worth taking action on; one must have patience.
The noise in this circle is too loud. There are many people who follow the trend and blindly copy trades, and the results are often not good. My current approach is to stay at those few positions that I can understand, operate repeatedly, and once I'm familiar with them, my intuition will naturally develop. Trying to grab every opportunity often leads to missing out on all of them.
Regarding risk control, it cannot be overemphasized. The funds you bring into the market must be the amount you can truly afford to lose. My principle is simple—before making a move, first calculate the maximum loss for this trade, and then strictly follow the plan. As for how much you can earn, let the market decide. The profits earned should be taken in batches; don’t put all your gains back in to roll.
Some people think that analysis requires a bunch of complex indicators. My experience is that the candlestick itself, along with trading volume, tells most of the story. I spend time every day looking at the real data on the chain—active addresses, large transfer flows, these things are more reliable than any rumors.
Finally, psychological quality may be even more important than technical analysis. Don't get carried away when making money; ask yourself if it's due to skill or luck; don't panic when losing money; consider whether the problem lies in the strategy itself or in the execution. This is how you can sustain yourself in the market for the long term.
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LiquidationWatcher
· 2h ago
yo this health factor ain't gonna check itself... been there, lost that when i ignored the signals. wick rejection hits different when you're actually watching the charts ngl
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LiquidityNinja
· 12-23 20:52
You're right, many people just can't understand what the market is saying and only follow the trend to advocate.
I deeply understand the point of taking profits in batches; I was greedy before and put everything in, and ended up losing a lot.
On-chain data is indeed much more reliable than hearsay, I agree with this.
Mindset is really the hardest hurdle; it's particularly easy to get inflated when making money.
A good strategy is to repeatedly operate in familiar positions, not to touch every opportunity.
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BlockchainFoodie
· 12-23 20:51
honestly this just reads like a perfectly seared steak... you gotta know when to pull it off the heat or it's ruined. same energy as reading a blockchain's transaction history—the data speaks if you actually listen lol
Reply0
OnchainDetective
· 12-23 20:48
You're right, you need to understand the language of the market, don't be like those fools who advocate just following the trend.
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YieldWhisperer
· 12-23 20:44
honestly the math on "reading price action signals" sounds clean until you actually backtest it... how many false breakouts have you caught vs how many wicks fooled you into thinking there's a pattern
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EternalMiner
· 12-23 20:25
You're right, most people just follow the trend and shout randomly; there are really only a few who truly understand the charts.
The market has always been communicating with you, but many people simply cannot understand. The price rushes to a key level but fails to break through, instead throwing out a long upper wick? That doesn't happen randomly. Similarly, a certain level has been sideways for a long time but just won't fall? These are all conveying signals.
Some of my past earnings, to put it bluntly, are just waiting for these signals to appear. I never predict whether tomorrow will rise or fall; I only act when I understand the patterns and price levels. Most of the time, I'm actually just observing. There are not many opportunities worth taking action on; one must have patience.
The noise in this circle is too loud. There are many people who follow the trend and blindly copy trades, and the results are often not good. My current approach is to stay at those few positions that I can understand, operate repeatedly, and once I'm familiar with them, my intuition will naturally develop. Trying to grab every opportunity often leads to missing out on all of them.
Regarding risk control, it cannot be overemphasized. The funds you bring into the market must be the amount you can truly afford to lose. My principle is simple—before making a move, first calculate the maximum loss for this trade, and then strictly follow the plan. As for how much you can earn, let the market decide. The profits earned should be taken in batches; don’t put all your gains back in to roll.
Some people think that analysis requires a bunch of complex indicators. My experience is that the candlestick itself, along with trading volume, tells most of the story. I spend time every day looking at the real data on the chain—active addresses, large transfer flows, these things are more reliable than any rumors.
Finally, psychological quality may be even more important than technical analysis. Don't get carried away when making money; ask yourself if it's due to skill or luck; don't panic when losing money; consider whether the problem lies in the strategy itself or in the execution. This is how you can sustain yourself in the market for the long term.