Follow this approach in trading cryptocurrencies! Earning one million is achievable.
The first type
1. Work hard for two months to raise your principal to around ten thousand.
2. Buy coins when Bitcoin is above MA20 on the weekly chart. Purchase two to three new coins, focusing on hot coins during a bear market, such as APT before it rises. As long as Bitcoin moves up a bit, consider it as a take-off, like OP. Just remember, it needs to have heat and a story to tell.
3. Stop loss if Bitcoin falls below MA20, continue making money during the buying or waiting period, and give yourself two to three chances to fail. If you have 20,000 in savings, invest 10,000, and you can afford to fail three times.
4. If you bought coins like APT, aim to sell at 4-5 times the return. Continuously execute your strategy and remember that as a small-cap investor, you must buy new coins and avoid ETH and BTC. Their gains cannot support your dreams.
5. If you hold through a bear market to a bull market, achieving three times a 5x return, that’s about 125 times. This period can be as short as one year or as long as three years. You have three chances to fail; if you fail all three times, it shows you lack the ability, so stay away from this circle, avoid investments, and do not get caught in contracts.
In summary, remember to enter the market when it's time, to cut losses when needed, and to have patience.
The second type
1. Add cryptocurrencies that have risen within the last 11 days to your watchlist, but be careful to exclude any that have dropped for more than three days to avoid profit-taking.
2. Open the candlestick chart and only look at the monthly MACD golden crosses.
3. Open the daily candlestick chart and only look at a 60-day moving average. As long as the price pulls back near the 60-day moving average and a volume candlestick appears, enter with a heavy position.
4. After entering the market, use the 60-day moving average as a standard. If the price is above it, hold; if below, sell. This is divided into three details: When the wave increases more than 30%, sell a third.
② When the wave increases more than 50%, sell another third.
③ This is the most important and core factor that determines whether you can profit. If you buy a coin today and face unexpected circumstances the next day, causing its price to fall below the 60-day moving average, you must exit completely without any sense of false security.
Although this method of selecting coins based on the monthly and daily charts greatly reduces the probability of falling below the 60-day line, we still need to maintain risk awareness. In the cryptocurrency space, preserving capital is the most important thing. Even if you have sold, you can buy back when it meets the buying criteria again.
Ultimately, the difficulty in making money lies not in the method but in execution.
A trading system is a weapon that can help you achieve stable profit.
It can help you identify key positions, discover entry signals, and find trading opportunities that can make you money. Starting with 50,000, then 100,000, then 302,000 in the third year, reaching 590,000, and in August of the fourth year, 3.78 million, and in November, over 7 million.
Until a few years ago, I could easily withdraw 30 million from the cryptocurrency market.
During this time, I fell to rock bottom. At that moment, I thought I could be considered a big player in the cryptocurrency market. I resolutely quit my job to focus on trading cryptocurrencies, even borrowing money to trade. However, reality slapped me hard. The financial crisis made me not only lose all my profits but also incur a mountain of debt, forcing me to sell my house, and my husband almost left me.
That period was my darkest moment. In just a few months, I experienced a fall from the peak to the bottom. But it also made me realize that the previous smooth sailing had its share of luck.
Thus, I believe if I really want to continue on the trading path, I must study diligently. Besides understanding the fundamentals, I should also analyze news and research technical indicators. Without in-depth research and reasonable planning to manage my finances, my funds will just dwindle away. In the end, as a retail investor with no foundation, I will only joyfully enter and sadly leave.
In the following three years, I cut off all contact with classmates and friends, stayed home, and devoted myself to reviewing day and night, often sleeping on the keyboard from exhaustion. Finally, I achieved financial freedom through trading cryptocurrencies.
A big player in the cryptocurrency world once said that as long as retail investors do the following six points, turning 100,000 into 5 million is not a difficult task. These six points seem simple, but very few can truly achieve them. Below are the 'Six Great Manuals' for guaranteed success in the cryptocurrency market, helping you navigate it with ease!
1. Be quick to respond.
When the market receives good news, quickly identify the relevant sectors and projects. If you miss the first tier, timely position yourself in the second tier to still gain decent returns.
2. Learn to rest.
The main rising wave of cryptocurrency prices is very short, while most other times are spent in fluctuations or corrections. Capture the main rising wave, and during other times, learn to rest and avoid losses from frequent trading.
3. A crash is the biggest good news.
Market crashes often yield greater opportunities. Be greedy when others are fearful, and fearful when others are greedy. When the market crashes, do not panic; select quality targets and build positions in a timely manner, waiting for a rebound.
These three great manuals seem simple, but one must overcome human weaknesses to implement them. Greed, fear, and hesitation are the biggest enemies of retail investors. Only by strictly following the strategy can one remain undefeated in the cryptocurrency market.
