I have been in the cryptocurrency circle for 10 years, experiencing three bull and bear markets, from an initial capital of 8000 to financial freedom today. I have gone through all the necessary experiences and pitfalls; the only thing to do is to improve myself and establish a stable profit system.
My cryptocurrency trading career can be divided into several process stages.
-: Entered the cryptocurrency circle with 8000, caught the bull market, and earned over 10 million.
Two: Over 10 million turned into a debt of 8 million.
= : From borrowing 200,000 to entering the market and reaching 20 million.
Four: From over 20 million to currently over 2 small suns.
Five: Ongoing, waiting for the next round of bulls to reach 10 small suns.
If you read this lengthy article patiently, I believe it will be very helpful for you on your cryptocurrency investment journey!
You might question what I say, but it doesn't matter. The reason I joined Zhihu is simple: sharing my knowledge can truly help some people and some families is worth it! Criticism is fine; I just want you to understand how to make money in the cryptocurrency circle.
Next, I will detail my insights and pure insights from these several stages.
Full-time trading in cryptocurrencies, the secret that allows me to earn over 10,000 U every day: (Intra-day trading skills + important points) One-click to save! Once learned...
Making money in the cryptocurrency circle is as simple as breathing! 1. Market sentiment and emotions can be analyzed from changes in trading volume and open interest to determine the strength of bullish and bearish sentiment. If volume increases but the price does not drop, it may stop falling; if volume increases but the price cannot rise, it may be nearing the top. The volume requirements in upward and downward processes are different.
Upward process: It requires continuous and uniform volume increase. Uniform volume in the 3-minute candlestick chart indicates that the upward trend will continue. If there is a significant decrease in volume...
Or there may be a very large amount, and the rise may come to an end.
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 does not rise after reaching a certain level, but the open interest keeps increasing and the buy and sell orders are set at progressively lower prices, it indicates that the price may be about to drop.
Increasing positions while stagnating is a very good opportunity to short, or increasing positions while declining makes it easy to rebound.
2. Key points: Draw the resistance, support, trend lines, etc., in the chart. When the price reaches or breaks through these key points, take action quickly.
Moving.
I personally use Fibonacci retracement + to predict resistance and support.
3. Trading Rules: Only one variety can be operated within a phased time frame.
Continuously track the varieties you are operating until the variety no longer has speculative value before giving up. 4. Watch the market window: One-minute window -- this is prepared for grasping entry and exit timing; 3-minute window -- this is used to monitor the situation after entering.
30-minute or 60-minute window -- used to monitor day-to-day trend changes at any time.
Here’s a reminder for everyone: Opportunities for operation are abundant; if you are stopped out, do not rush to recover immediately.
If you stop-loss, that trade is complete. The next trade is a new one, and how much to earn is how much to earn. Do not set the next operation's target based on previous operations, as that will lead to losses every time.
After years of trading cryptocurrencies, sharing 10 tips; those who follow the last tip have achieved freedom!
Capital safety is the first priority. If the capital is lost, there will be no chance to turn things around. Better to earn less than to protect the capital first. Always leave some margin.
Two: Do not trade frequently; making a few large trend trades in a year is enough. Greed can lead to significant losses!
Two: Control emotions: 99% of people lose to human nature; fear and greed are the greatest enemies. The more the market rises, the more people want to buy; the worse it falls, the more they want to sell. However, true experts are just the opposite.
Four: In a bull market, dare to make profits; in a bear market, dare to hibernate (regular investment). In a bull market, you must be willing to sell and not always think about making the last bit of money. In a bear market, resist the urge to operate and do not let market fluctuations wash you out.
Five: The layout cycle is more important than short-term predictions; if you only want to do short trades, you will constantly be influenced by market emotions. However, if you can extend the cycle and focus on layouts, you will find that market cycles are more regular than short-term price movements.
Six: Mainstream assets are the cornerstone of long-term wealth. Bitcoin and Ethereum have already undergone multiple bull market tests. Long-term holding is more stable than short-term trading returns.
Seven: Investing in yourself is more important than investing in coins; the market is always changing, and past experiences may not apply to the future. Continuous learning of new knowledge is essential to survive longer in the market.
Eight: Do not touch unfamiliar coins; focus on the fields you are familiar with in order to ensure success!
Nine: When most people are optimistic, it is often when risks are approaching. Remember this point; don't let yourself become a bag holder!
Ten: Making money in cryptocurrency is not because of luck but because you have more patience, understand the market better, and can control your emotions. The true 'bottom-level wealth code' is not relying on a single windfall, but rather living long enough to wait for the bull market to come; you will naturally thrive.
Mu Qing, having experienced multiple bull and bear markets, has rich market experience in various financial fields. Follow me here to penetrate the fog of information and discover the real market. Seize more opportunities to unlock wealth codes and discover truly valuable opportunities; don't miss out and regret later!