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There is a phenomenon in the trading circle worth discussing. I started to be bullish last week, and as a result, someone cursed at me and unfollowed. This week, they followed back and asked in the comments how to operate in the market. Honestly, the crypto community is often criticized for having low cultural levels. Can we improve our overall quality? Being uneducated is not shameful; lacking manners is.
Trading is fundamentally a serious matter. Whether you like someone or dislike someone, following or unfollowing is just a click; there's no need for all the drama. This industry is already complicated enough; what we truly need is mutual respect. No need for flattery, and no need to belittle each other.
Recently, someone asked again about the pattern at the beginning of the month. I’ve been using this methodology since May last year. The core logic is that the sell-off at the start of the month can generally be considered a bottom. This approach is relatively stable in a bull market, but once a bear market arrives, it may not work as well. Since September and October this year, the market rhythm has clearly changed.
Honestly, the real bull market basically ended when the interest rate cut was implemented in August. I was firmly bearish from 80,000, but then new highs appeared, which shook my judgment a bit. In the end, I still established a short position and issued a warning, shorting from 115 and making nearly 20,000 dollars.
Then, based on the idea of the first week of the month, I went long in October and November at this timing, suffering two losses in a row. This fully demonstrates that any trading plan will eventually become a new problem to solve. For friends who lost money during that period because of this strategy, I can only say I’m sorry. Trading involves both profits and losses—that’s a fundamental rule.
But if we extend the cycle and re-analyze from May last year, the results may not necessarily be losses. Looking back at history, which bottoms I predicted that you didn’t see a warning for? The early August level, the mid-October 592 low on the 1-minute chart, the April bottom during negative news, the range judgment on October 27, and the recent bottom signals at 80,000 and 86 are all publicly known—this is just within the past month.
Therefore, trading is a long-term game; we need to have a broad perspective. As the saying goes, “Long-term vision is the key,” don’t judge heroes based on temporary successes or failures.