Seven years of trading cryptocurrencies, earning relies on cognition and discipline. In the first three years, I lost over 100; in the following years, I made back several hundred. Every penny behind it is a lesson learned through blood and tears!

This market always repeats the same secret: 90% of retail investors focus on news to trade, 9% of smart people watch the movements of the big players, while 1% of the aggressive players are dissecting market trends using moving averages.

Step One: Verify the identity of the moving averages. Treat the daily moving average as three distinctly different seasoned doctors — the 5-day line is the head of the emergency department, the 30-day line is the internal medicine expert, and the 60-day line is like a grand master sitting in the specialist consultation room. When the head of the emergency department suddenly gets up and rushes to the two senior doctors to check their pulses (5-day line crossing above the 30/60-day lines), this is the signal that the market is about to enter ICU for rescue. Conversely, if you find the head of the emergency department slipping and rolling off the grandmaster's chair from the specialist consultation room (5-day line crossing below the 30/60-day lines), don't hesitate, immediately adjust your position.

Step Two: Establish a trading system to avoid impulsive decisions.

Now please stick a note on your trading interface and write in bold marker: Moving averages are fighting, mortals stay away. When the 5-day line and the 30-day line are entangled like twisted dough, rushing into the market at that time is equivalent to rolling dice to guess odd or even. A true hunter only pulls the trigger when the three lines are marching in the same direction.

Here’s a counterintuitive cold fact: In the volatile cryptocurrency market, the moving average strategy becomes deadlier the simpler it is. Just like true martial arts masters never need to display fifty different starting moves, a breakthrough of the 5-day line is the signal to draw the sword, and a turn of the 60-day line is the moment to sheath it.

Step Three: Weld discipline to the trading platform.

I've seen too many people write their trading plans on napkins, only to tear them up in the middle of the night after being frightened by a spike. The most cruel yet merciful aspect of the moving average strategy is that it forces you to become an emotionless signal-executing machine.

Here’s a piece of dark humor: A trader who used the moving average strategy to gain stable profits for three years received a 5-day line breakout alert at a wedding last year and had to hide in the bathroom to close his position before coming out to exchange rings.