Some believe that making money in the cryptocurrency space is relatively easy; after all, earning a few million from working may take decades, whereas successful trading brings pure profit. For ordinary people, it seems like a shortcut to turn their fortunes around in the cryptocurrency space, with a low entry barrier; all you need is a phone or computer to get started. But it should be understood that the cryptocurrency space is not a smooth road; many people start boldly but become timid after losing money, making it harder to profit.

In fact, the core of trading is very simple: First, maintain a good mindset, not swayed by emotions of profit and loss; Second, aim for big gains and small losses. If you want to earn more, you need to have courage. The current cryptocurrency market has reached a market value of several trillion, and with institutional participation and accelerated formalization, it may become a mature market similar to the U.S. stock market in the future.

As someone who has been in the cryptocurrency space for 10 years and earned 40 million, I share my trading strategies and insights:

Core Four-Step Method

- Cryptocurrency selection sniping technique: When MACD shows a golden cross, prioritize selecting cryptocurrency that is above the zero line on the daily chart; the success rate is about 68%, such as Ethereum rising 40% three weeks after a golden cross in April 2024.

- Moving Average Life and Death Line: Price must stabilize above the 20-day moving average to initiate an attack; liquidate if it falls below; this is the boundary between bull and bear markets.

- Positioning Art: A dual breakthrough of price and volume across moving averages allows full investment; otherwise, test with 50% position; take 1/3 profit at 40%, and 1/3 again at 80%; liquidate if it breaks the moving average.

- Stop-loss is as essential as breathing: stop-loss immediately upon a breach, discipline is paramount; 87% of liquidations stem from 'just waiting a bit longer.'

Three Don'ts Principle: Don't chase prices; wait for a pullback to the moving average or a second MACD golden cross; Don't go all in; diversify investments across 3-5 cryptocurrencies; Don't be fully invested; keep 30% cash to maintain control.

Six True Sayings

- High-level consolidation hides danger, low-level bottoming waits for takeoff.

- Don’t make random moves during consolidation; breakthroughs reveal the truth.

- Buy on shrinking bearish candles and sell on expanding bullish candles.

- Don't catch falling knives; wait for a rebound during gradual declines.

- Sell more as prices rise, buy more as prices fall.

- After sharp rises and falls, the market often consolidates; don’t guess the top or bottom.

Ultimate mindset: Stick to the four-step method and the average return rate exceeds 300%; counter-intuitive operations to overcome mental barriers; better to miss out than to fall into deep pitfalls.

Additionally, I will share eleven market patterns and mindset rules:

A drop of more than 3 bullish candles and a rise of no more than 3 consecutive bearish candles serves as a trend reversal warning.

In a volatile market, after a rise in volume and price stabilization, a major breakthrough may occur; entry can be made when two bullish volumes exceed bearish volumes.

Strong cryptocurrencies that do not break the upward moving averages should be held, ignoring technical indicators.

A single bullish candle paired with two doji candles indicates a continuation of the uptrend.

The market often goes against the prevailing views of most people.

Continuous large bearish candles can lead to a short-term rebound when KDJ's J line is less than -12.

A healthy upward breakout has a turnover rate of about 8% on bullish candles.

Remain calm when trading is not going smoothly.

Avoid being fully invested; leave room for error correction.

Treat market fluctuations with calmness and rationality.

Exchanging and sharing with others promotes growth.