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In the summer of 2021, the cryptocurrency market was in full swing. As a newbie, I was inevitably attracted by this wave and decided to invest the 100,000 yuan I had worked hard to save over three years. At first, my trading strategy was quite simple and crude: I would watch the 15-minute Candlestick Chart, buy in full force when I saw a pump, and hurriedly sell when I encountered a fall.
However, this immature way of operating quickly made me pay a painful price. In just three months, my account balance shrank to 24,000 yuan. I clearly remember that late night when I stared at the glaring "liquidation" alert on the screen, with the ashtray piled high with cigarette butts. I couldn't help but start to question myself: Why, by following the so-called "experts" for analysis and trading on "favorable news", did I end up losing more and more?
When my wife walked in, I was staring blankly at the screen full of Candlestick Charts. Those alternating red and green bars seemed to mock my ignorance and embarrassment mercilessly. At that moment, I realized that I didn't even understand why these lines would pump or fall, yet I recklessly invested all my savings into it.
Fortunately, under the guidance of an experienced trader, I gradually realized that those fluctuating Candlestick Charts are not a random numerical game, but a true reflection of the fierce competition between bulls and bears. For example, when the double bottom pattern appears, it actually signals to the market that "there is support here, and the bearish strength is weakening." Similarly, when the head and shoulders top pattern forms, it is actually warning that "the bullish strength is about to exhaust, and the market may soon reverse."
I will never forget the experience of successfully profiting from the double bottom pattern for the first time. It was winter, and Ethereum fell for two consecutive weeks, rebounding after touching $2800 twice, forming a clear "W" shape. Following the techniques I learned, I patiently waited for the price to break through the neckline at $3200, and only entered when the trading volume suddenly increased, while setting the stop loss at $2800. Just three days later, the price rose to $3800.
This experience made me deeply realize that successful trading not only requires courage but also knowledge and patience. From an impulsive Newbie to a gradually mature trader, I learned to respect the market, understand the importance of technical analysis, and recognize the key role of emotional management. Although the Crypto Assets market is still full of risks and uncertainties, I believe that through continuous learning and practice, everyone has a chance to find their own foothold in this market.