How to turn 1000 yuan into 100,000 in the crypto world
In the crypto world, some have created wealth myths. Last year, someone turned a small account of 2000 USDT into nearly 2 million USDT in one year with a 1000-fold increase, which has made countless people dream of making big money in crypto. But the reality is harsh; many have not achieved financial freedom and instead put their families in difficulty.
What keeps me going on the trading path is my respect for knowledge and constant exploration. I have delved deeply into cryptocurrency knowledge, paid attention to news, studied technical indicators, and through countless practical summaries, formed a stable profit-making trading system. Below, I will share the trading methods I have always used.
Selecting potential coins: Add coins that have increased in value within 11 days to your watchlist, excluding those that have fallen for more than three days, as these may indicate capital flight and high risk. Then select coins with a monthly MACD golden cross; a golden cross means the market trend is upward and serves as a reliable buy signal.
Precise entry timing: Switch to the daily candlestick chart and pay attention to the 60-day moving average. When the coin price retraces to near the 60-day moving average and there is an increase in volume, it is a good time to enter with a heavy position. Increased volume indicates market activity and interest in capital, leading to a high success rate for entry.
Exit strategy: Use the 60-day moving average as a reference after entering. Sell one-third when the wave increase exceeds 30%, and another one-third when it exceeds 50%. If the coin price drops below the 60-day moving average the day after purchase, exit completely; do not be overly optimistic, as there will be future opportunities to buy again when conditions are right.
Executing this method is challenging in practice. It is like “exit completely if the price drops below the 60-day moving average,” which seems simple but eliminates 90% of investors. In the crypto world, only by overcoming human greed and fear can one stand firm.
Additionally, there are some key trading points and principles:
- Basic investment principles: Do not trade without looking at charts; do not chase highs during bullish news; do not bottom fish during a crash; avoid participating in downward trends; maintain trading consistency.
- Six iron rules for making money in crypto: Divide capital into five parts, use one-fifth for each trade, exit if losing 10%; follow the market trend, do not go against it; do not chase coins that have surged; learn to use MACD indicators to find buy and sell points; do not average down on losing trades, add to winning positions, and pay attention to volume-price relationships; review trades weekly and adjust strategies.
The crypto world is full of opportunities and risks; a casual attitude is not suitable. Only by taking it seriously, strictly following trading rules, and continuously learning and summarizing can one hope to gain and achieve wealth goals.
