I have been trading cryptocurrencies for 6 years now. In the first 3 years after entering the market, I invested 1 million in capital and lost down to 120,000. Relatives and friends all advised me to give up, thinking that my way of trading cryptocurrencies was the most foolish method, neglecting family, having no ambition, and so on! I've been insulted with the most hurtful words!

At that time, I really almost gave up and looked down on myself! But I was unwilling to do so, and I swore to my husband to give myself one more chance with the last 120,000! Then I continued to calm down and explore. Later, I earned over 27.5 million with the remaining 120,000 capital in 3 years!

No boasting! Once you truly summarize a way that belongs to you and strictly follow that approach, you can definitely turn things around!

Intraday trading skills and points to note

1. Market sentiment and emotion

From the changes in trading volume and open interest, one can analyze the strength of bullish and bearish sentiment. If there is a large volume but the price does not drop, it may stop falling. If there is a large volume but the price cannot rise, it may have peaked short-term. The volume requirements during the upward and downward processes are different. During an upward process: continuous and even volume increase is needed. If there is uneven volume or a very large volume appears, the upward trend may end. During a downward process: as long as there is an increase in volume when breaking through some key positions, the downward trend will continue. If the price stops rising at a certain level but open interest keeps increasing, with buy and sell orders getting lower, it indicates that the price may drop. An increase in open interest with stagnation in price is a very good shorting opportunity, or an increase in open interest with stagnation in decline may easily rebound.

2. Key points

Draw pressure, support, trend lines, etc., on the chart. Take action quickly when the price reaches or breaks through these key points. I personally use Fibonacci retracement to predict pressure and support.

3. Trading rules

Only one type of asset can be operated on during a specific period. Continuously track the operated asset until it no longer has speculative value and then give it up. 4. Monitor market windows: 1-minute window -- this is for preparing entry and exit timing; 3-minute window -- this is used to monitor the wave situation after entry; 30-minute or 60-minute window -- used to monitor intraday trend changes at any time. Here, I remind everyone: there are many opportunities for trading. If you get stopped out, do not rush to recover immediately.

4. Once a stop-loss is triggered, that trade is completed. The next trade is a new one, and you should aim to earn as much as possible. Don't set the target for the next trade based on previous operations; otherwise, you will incur losses every time. Finally, I will share this trick, which has a win rate of up to 99%, suitable for everyone. The method I share with you today is actually very simple. Even if you are a beginner in the circle, as long as you strictly follow this method, you can easily make money.

First, we need to set three moving averages on the candlestick chart: the 5-day moving average, the 15-day moving average, and the 30-day moving average. The 30-day moving average is the lifeline and serves as a strong support or resistance. Then you can buy and sell based on these three moving averages.

1. The selected coins must be in an upward trend. Of course, those in consolidation are also acceptable, but those in a downward trend or where the moving averages are all opening downwards must not be chosen.

2. Divide the funds into three equal parts. When the price breaks above the 5-day moving average, lightly buy in with 30%. When the price breaks above the 15-day moving average, buy another 30%. Similarly, when the price breaks above the 30-day moving average, buy the last 30%. This requirement must be strictly followed.

3. If the price of the coin does not break above the 15-day moving average after breaking through the 5-day moving average and instead experiences a pullback, as long as the pullback does not break the 5-day line, maintain the original position. If it breaks, sell.

4. Similarly, if the price of the coin breaks above the 15-day moving average but does not continue to break upward, and the pullback does not break the 15-day moving average, continue to hold. If it breaks, first sell 30%. If it doesn't break the 5-day moving average, continue to hold the 30% position at the 5-day moving average.

5. When the price of the coin continues to break above the 30-day moving average, if there is a pullback, sell all at once using the previous method.

6. Selling is the opposite. When the price of the coin is at a high point, if it breaks below the 5-day line, first sell 30%. If it doesn't continue to drop, hold the remaining 60% position. If the 5-day, 15-day, and 30-day lines are all broken, sell everything. Don't hold any false hopes. This 'foolproof' method, although simple, is most importantly about execution. Once you buy in, the trading system is formed; you can only earn profits by strictly following trading discipline.

#Cryptocurrency market consolidation

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