With this big surge, it has also given me a new technical insight into the rules of the current crypto market.
In the past, the market was locked to the broader market index; price action basically fluctuated within a tight range, unable to break the analysis “barrier” of the broader market.
The whole market follows the broader market trend. Through overall analysis and research of weekly indicators, along with prior K-line movements and support from long-term indicators, the outlook felt almost certain.
But since August 20, these days’ price action has made me realize that relying on these technical aspects alone to achieve precise analysis for future trends is far from enough.
The three downturns at 126000, 98000, and 82800 could have been anticipated by broader-market indicator analysis and used to plan ahead—but this time, it doesn’t work. I can deeply feel that the smart money has already used big data to “pin down” the technical side. If this continues, our future won’t go far, and we need to make changes.
The consecutive-win record from April, May, and June was overturned by this rally in August. It’s not true that I wasn’t psychologically hurt—of course it did damage my mindset. But strong people don’t need to make excuses for themselves. They should calm down, review everything, and summarize.
This surge has also made me see a fact clearly: no matter how “amazing” you are in normal times, and no matter how long your winning streak is—once something goes wrong, people will relentlessly condemn you. But one thing I’m genuinely grateful for is that none of my students blamed me. They let me adjust my mindset so I can set out again.
After a few days of rest, I’ll set out again. I’m an indestructible cockroach.
In the past, the market was locked to the broader market index; price action basically fluctuated within a tight range, unable to break the analysis “barrier” of the broader market.
The whole market follows the broader market trend. Through overall analysis and research of weekly indicators, along with prior K-line movements and support from long-term indicators, the outlook felt almost certain.
But since August 20, these days’ price action has made me realize that relying on these technical aspects alone to achieve precise analysis for future trends is far from enough.
The three downturns at 126000, 98000, and 82800 could have been anticipated by broader-market indicator analysis and used to plan ahead—but this time, it doesn’t work. I can deeply feel that the smart money has already used big data to “pin down” the technical side. If this continues, our future won’t go far, and we need to make changes.
The consecutive-win record from April, May, and June was overturned by this rally in August. It’s not true that I wasn’t psychologically hurt—of course it did damage my mindset. But strong people don’t need to make excuses for themselves. They should calm down, review everything, and summarize.
This surge has also made me see a fact clearly: no matter how “amazing” you are in normal times, and no matter how long your winning streak is—once something goes wrong, people will relentlessly condemn you. But one thing I’m genuinely grateful for is that none of my students blamed me. They let me adjust my mindset so I can set out again.
After a few days of rest, I’ll set out again. I’m an indestructible cockroach.
