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Don't remind me again today

From impulsively going all in to only watching two signals, I've learned an 8 million lesson through three liquidations.



To be honest, I used to be that kind of naive person who got so excited that my hands shook when I saw the K-line surge. That night when my account got liquidated to only four digits, I was completely numb. But it was that night that I suddenly realized - the market has always been sending signals, it was just that at that time, all I could see was "how many times can this wave multiply."

The clearest memory is from deep autumn in 2021. Bitcoin skyrocketed to 68,000 dollars, and my account was about to reach a floating profit of 4 million. The trading group was going crazy, with some people already eyeing luxury homes. I was also feeling high, thinking to wait a bit longer, maybe it could break 100,000 dollars.

That night, I habitually opened the RSI to take a look. The price indeed hit a new all-time high, but the indicator value was a full 30% lower than the last peak. What is this? A top divergence! The price is surging, but the momentum is fading. I was sweating at the time and liquidated everything overnight.

The next day, I woke up to find the market had collapsed by 55%. The group was filled with wails, and screenshots of Get Liquidated orders were flooding the chat. I hid under the blanket, my hands still trembling, but this time it was the fear of having survived a disaster.

Over the past 8 years, I have remembered two rules: first, when a divergence occurs, withdraw immediately. When the price hits a new high and the indicators drop, don't hesitate. During the time when Dogecoin rose to $0.34 in 2023, it was the same script again—I exited three days in advance, and it later dropped by more than 40%.

The second point is simpler: a bottom divergence appears, enter in batches. Prices are falling, but indicators are starting to rise, which indicates that the market is forming a bottom. It is not necessary to catch the lowest point, only to layout at a relatively safe position.

My trading habits have completely changed now. I no longer stare at the candlestick charts fantasizing about getting rich; instead, I first look at the indicators and then at the price. The market is always smarter than you; it writes the answers on the charts in advance, but most people simply choose to be selectively blind.
BTC2.04%
DOGE1.04%
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MevHuntervip
· 9h ago
Is 8 million in tuition just exchanged for two indicators? To be honest, it sounds a bit suspicious, but that trap has indeed saved me several times. However, I will still be cautious.
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FloorSweepervip
· 11-29 17:43
The top divergence trap is indeed ruthless, but the key is that most people can't see it at all, or even if they do, they dare not take action... I'm the kind of fool who wants to gamble again when I see a chance to make money.
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BackrowObservervip
· 11-29 17:43
The top divergence is really amazing. I used to get carried away when I saw the pump, but now I've learned to be smart and look at the indicators before making decisions. But to be honest, this 8 million tuition fee is a bit expensive. I only lost hundreds of thousands and I've already understood.
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BearMarketSurvivorvip
· 11-29 17:41
The top divergence move is incredible. I didn't understand it before, but looking back now, I am grateful that getting liquidated taught me this set.
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AlwaysMissingTopsvip
· 11-29 17:35
The thing about a top divergence is really amazing. I also got caught in the trap of a new price high while the indicator turned around. Now, my first reaction when looking at the Candlestick is to quickly check the RSI; without looking at the indicators, I feel insecure.
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