Can 1000 yuan earn 100,000 in the cryptocurrency world?
Some have tested this themselves; last year, they turned a small account of 2000 USDT into nearly 2 million USDT, achieving a 1000-fold return in one year! If you want to invest in cryptocurrencies, you must read this.
Many people dream of making a fortune in the cryptocurrency world, but many families have suffered as a result. My ability to continue in trading comes from dedicated learning, understanding fundamental knowledge, analyzing news, studying technical indicators, and forming a stable profit-making trading system.
Below, I share an effective cryptocurrency trading method that I have been using:
Add coins with price increases within 11 days to your watchlist, excluding those that have decreased for more than three consecutive days to prevent capital flight.
Open the candlestick chart and only select coins with a monthly MACD golden cross.
Switch to the daily candlestick chart, focus on the 60-day moving average; when the coin price retraces near the 60-day moving average and volume increases, enter the market with a large position.
After entering, use the 60-day moving average as a standard: hold above the line and exit below the line, with three specific scenarios:
- If the price increases more than 30% in a wave, sell one-third.
- If the price increases more than 50% in a wave, sell another one-third.
- If the price falls below the 60-day moving average the day after buying, exit completely; do not hold onto false hopes. You can buy again when the conditions for a buy signal are met later.
Remember, if you want to make money, the method is not difficult; the challenge lies in execution. For example, the rule of 'exit completely if the price falls below the 60-day moving average' eliminates 90% of people.
In the cryptocurrency world, everyone has the same goal. If you are just playing around, this is not the place for you. Below are some key trading behaviors and basic investment principles:
- Basic investment principles: Do not trade without looking at charts; do not chase highs during good news; do not bottom fish during sharp declines; do not participate in downward trends; maintain consistency in trading.
- Six iron rules for making money in cryptocurrencies:
- Divide your capital into five parts, use one-fifth for each trade, and withdraw if you lose 10 points.
- Follow the market, do not go against the trend.
- Do not chase coins that have surged.
- Learn to read the MACD indicator to find buy and sell points.
- Do not average down when losing; add to positions when making a profit, and pay attention to the relationship between volume and price.
- Review your trades weekly and adjust your strategy.
These are all experiential insights; if you follow them, you may gain something in the cryptocurrency world.
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