Let me talk about the thing where Binance group chat was shut down today.
Recently I’ve noticed that there’s basically nobody chatting in the Binance group anymore. If I don’t lead a bit, the whole market will be especially quiet—like it’s becoming a zombie. Rather than letting it turn into a zombie, we might as well “free” everyone: go out and proactively discover information and research new coins.
No matter whether the market is good or bad, as long as there’s movement in this market, there’s an opportunity to make money. This isn’t an excuse to lie flat. People who can make money in this industry either have a solid background, or have been in this market for many years and privately put in a lot of effort. Nobody succeeds easily.
If the popularity isn’t strong, you can take advantage of such an opportunity to learn technical analysis.
1. Analyze price increases using the Fibonacci retracement golden ratio: 0.191~0.382~0.5~0.618~0.809. For example, if a coin rises from $1 to $5, then the 0.5 level is 5 ÷ 2 = $2.5.
2. Analyze when a coin will rise using the Fibonacci time sequence: 1-3-5-8-13-21-34-55-89-144. This cycle can be measured in minutes, hours, or days. If you measure in days, then the lowest price level corresponds to 0. The lowest price is day 0; the next day is day 1. After a coin hits its lowest price, its rebound period is usually around the 5th day and 8th day, including the 13th day, 21st day, and 27th and 28th days.
3. Draw charts to identify converging triangular patterns. The meaning of the lines is to understand the dynamics of the main force and expose some fake downtrends—false breakouts. The coin’s rise and fall is like a train running on two tracks. As soon as it derails, it means something will happen: either it accelerates upward or it accelerates downward.
4. Judging volume: rising without volume is either fraud or theft. When price is moving at a high level, be especially careful if the daily chart keeps shrinking in volume. For example, recent big dump in DEXE: daily chart showed sustained high-level consolidation with shrinking volume; after that came a brutal drop. RAVE also showed high-level price action with shrinking volume followed by a plunge.
In the end, the market is the best teacher. Learn more, analyze more, observe more, and summarize more. What are you learning? Learning why this coin can surge. Learning why it can crash hard—how to analyze it: through volume, through charting, through the golden ratio, through Fibonacci time cycles. Learn to keep notes: you look at it in the morning—did it rise by evening? You can’t freeze a millimeter of ice—none of this happens overnight.
Recently I’ve noticed that there’s basically nobody chatting in the Binance group anymore. If I don’t lead a bit, the whole market will be especially quiet—like it’s becoming a zombie. Rather than letting it turn into a zombie, we might as well “free” everyone: go out and proactively discover information and research new coins.
No matter whether the market is good or bad, as long as there’s movement in this market, there’s an opportunity to make money. This isn’t an excuse to lie flat. People who can make money in this industry either have a solid background, or have been in this market for many years and privately put in a lot of effort. Nobody succeeds easily.
If the popularity isn’t strong, you can take advantage of such an opportunity to learn technical analysis.
1. Analyze price increases using the Fibonacci retracement golden ratio: 0.191~0.382~0.5~0.618~0.809. For example, if a coin rises from $1 to $5, then the 0.5 level is 5 ÷ 2 = $2.5.
2. Analyze when a coin will rise using the Fibonacci time sequence: 1-3-5-8-13-21-34-55-89-144. This cycle can be measured in minutes, hours, or days. If you measure in days, then the lowest price level corresponds to 0. The lowest price is day 0; the next day is day 1. After a coin hits its lowest price, its rebound period is usually around the 5th day and 8th day, including the 13th day, 21st day, and 27th and 28th days.
3. Draw charts to identify converging triangular patterns. The meaning of the lines is to understand the dynamics of the main force and expose some fake downtrends—false breakouts. The coin’s rise and fall is like a train running on two tracks. As soon as it derails, it means something will happen: either it accelerates upward or it accelerates downward.
4. Judging volume: rising without volume is either fraud or theft. When price is moving at a high level, be especially careful if the daily chart keeps shrinking in volume. For example, recent big dump in DEXE: daily chart showed sustained high-level consolidation with shrinking volume; after that came a brutal drop. RAVE also showed high-level price action with shrinking volume followed by a plunge.
In the end, the market is the best teacher. Learn more, analyze more, observe more, and summarize more. What are you learning? Learning why this coin can surge. Learning why it can crash hard—how to analyze it: through volume, through charting, through the golden ratio, through Fibonacci time cycles. Learn to keep notes: you look at it in the morning—did it rise by evening? You can’t freeze a millimeter of ice—none of this happens overnight.
