From my personal experience, the end of trading coins is not bankruptcy but wealth.
It's not that I'm keen on trading coins, but rather on making money, on striving to improve my and my family's living standards. There are only a few ways to make money in this world:
1. Starting a company leads to overcapacity, with the pandemic looming and intense competition; starting a company these days is roughly equivalent to seeking death.
2. Starting a small food stall can work, but good locations are hard to rent, and poor locations have no business. Street vendors can work, but can you endure the hardship of outdoor living and greasy environments?
3. The self-media entrepreneurship is in fierce competition, with more self-media trying to grab traffic than there are viewers; it seems that those influencers look glamorous, but the hardships behind them are known only to themselves. For example, I answer questions sincerely, but can't get a few perfunctory likes.
4. Working is of course fine, it means having a crisis height.
However, a job can only give you a salary; can it give you wealth? It cannot. Of course, if you are a skilled technician, highly educated, or a sales champion, then it might be possible.
However, 99% of the world's people are not.
I started trading coins in early 2015 and have earned over 10 million over the years.
I know that this amount of money might not seem much to some people. After all, some people are so conservative that they believe college students should study well and not pursue their own ventures.
I make my money in the crypto world, but they always think that the crypto world is not a serious business.
But I personally feel that I have been very successful in these years. (I hate Versailles, I don't think I'm excellent in all aspects, but in terms of my ability to make money, I'm definitely not bad, at least for now.)
The money accumulated is one aspect, more importantly, the experience.
Currently, the people who understand me best are only those closest to me because they know how I have come this far.
When I earned 100,000, I complained that it was not enough; what can 100,000 do? After all, with some effort in other jobs, many can earn that in a year.
When I earned 300,000, I complained that it wasn't enough, and that 300,000 can't last a lifetime, and then I started to talk about inflation.
When I earn a million, I might not complain about earning too little, but I will still feel that my money was won by chance. I estimate that many people want to see my joke, want to see how I lose all the money I've earned. Then some will use inflation to give me examples, saying that money will depreciate, and so on.
Those who don't look favorably upon me can always find various reasons.
There are gaps between people.
Some people see others making money and think about how to find opportunities.
Some people see others making money and always think that person's money comes from improper means; in their perception, they are right, their mediocrity is due to bad luck, and others' success is just a stroke of luck.
Since that's the case, I will continue to earn, strive to earn tens of millions, hundreds of millions, and more, and in the end, use the money I earn to support the fields of biological health and artificial intelligence.
I estimate that those who deny me will continue to deny me, even if I achieve my goals of tens of millions or over a hundred million in the future.
This is a 'foolproof' operation for trading coins, simple and practical, even new traders can easily operate it, with an accuracy rate of over 80%; buying and selling in the crypto circle can follow this method!
This method has been personally tested; in 2025, in half a year, I turned 10,000 into more than 1.8 million, almost a 180-fold increase! If you also want to get a piece of the pie in the crypto world, then spend a few minutes reading this article, and you are only one step away from a million!
1. The selected coin must be in an upward trend; it can also be in a consolidation phase, but it must not be in a downward trend, or when the moving averages are all pointing downwards.
2. Divide the funds into three equal parts; when the price of the coin breaks above the 5-day moving average, buy 30% with a light position, when the price breaks above the 15-day moving average, buy another 30%, similarly buy the final 30% when breaking above the 30-day moving average. This requirement must be strictly enforced.
3. If the price of the coin does not continue to break above the 15-day moving average after breaking above the 5-day moving average, but instead pulls back, as long as the pullback does not break below the 5-day line, maintain the original position; if it breaks below, sell.
4. Similarly, if the price breaks above the 15-day moving average but does not continue to rise, and the pullback does not break below the 15-day moving average, continue to hold; if it breaks below, first sell 30%, and if it does not break the 5-day moving average, continue to hold 30% of the position at the 5-day moving average.
5. When the price of the coin continues to break above the 30-day moving average and then pulls back, I will sell all at once as before.
6. Selling is the opposite; when the price of the coin is high, if it breaks below the 5-day line, sell 30% first. If it doesn't continue downwards, hold the remaining 60%. If the 5-day, 15-day, and 30-day lines are all broken, sell everything; don't hold out any hope.
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 profits.
It can help you mark key levels, discover entry signals, and find trading opportunities that can help you make money.
So to put it another way, as long as you have a stable trading system, when opportunities within the system appear, just act on them. If you incur losses, it's fine to seek revenge, do what you should do, and leave the rest to the market; after all, in the end, you can always cover losses with profits.
However, the biggest problem for 99% of people is that they do not have their own trading system, so they fear losing money during trading, because once that money is lost, it cannot be recovered. Even if they manage to earn back some money by luck, they will ultimately lose it all due to their skills.
So how can one have a trading system?
I will guide everyone to understand 'BOSS' and 'BEAR' as well as more other price action chart patterns.
Price action pattern
That is, the bullish engulfing candlestick pattern appearing at a strong support level. The most important thing here is not the exact candlestick chart but its position. Ideally, it should be located right at the support level or slightly below it.
As the name suggests, the BOSS pattern can be considered one of the best price action patterns. The above image is one of the best charts describing this pattern in a book about price action.
From the above chart, it can be seen that after the formation of the BOSS price action chart pattern, the price experienced a significant increase.
There are many such cases, the latest being the BOSS price action chart pattern for EUR/USD:
The above chart has a major demand area/support level; when the price tests it, it will form an inside bar and attract a large number of market participants. One reason I call this formation a strong support bullish engulfing is that any candlestick formation can be a triggering factor.
Price action pattern
This price action chart pattern indicates that the price needs to test a strong resistance level or supply area.
The above chart was also taken from the (Price Action Trading Manual).
I found that for this price action pattern, Bearish Engulfing might be the best candlestick formation. However, from a long-term perspective, this chart pattern will keep appearing.
This is an example of the GBP/USD daily chart from 2018:
From the above chart, we can see that this double candlestick bearish engulfing candlestick pattern has a very strong trend reversal effect. The engulfing pattern can be composed of multiple candlestick bodies. Importantly, the bearish candle (red) completely covers the preceding bullish candle (green) body. This indicates that bears are ready to push the price in the opposite direction for the long term.
The BEAR price action chart pattern can be considered one of the best bearish price action chart patterns in my trading career.
Price action pattern
The IBWT price action pattern is one of my favorite candlestick formations for two main reasons:
1. High reliability
2. Provides a high risk-reward ratio
From the perspective of trading returns, this might be the highest price action chart pattern.
Let's see why I say this.
From the above chart, the reason this candlestick pattern has such a high risk-reward ratio is that the closing price of the red candlestick is very close to the low point of the green candlestick.
This allows for stricter stop-loss settings, thus providing a higher risk-reward ratio. In other words, this means you can risk less money to gain more profit.
The image below is another example of an inside bar in the Daily DAX chart:
From the above, you can see that the inside bar allows you to use a very small stop loss to 'aim' for a larger return. The risk-reward ratio in the above image is nearly 1:12.
This means that if your entry point is 9502 and your stop loss is 9339, you are taking on a risk of 163 points, but if your take profit target is 11349, it means the potential return of this trade is a profit of 1847 points.
I have to say, this is a very nice trade, with a risk-reward ratio as high as 11.38.
Price action pattern
The SUP chart pattern is one of the most effective bearish continuation patterns. We need the following two conditions to confirm the emergence of this pattern:
1. Major/Minor supply areas/Resistance levels
2. Price rebound price action pattern
The above image is a 1-hour chart of gold from October 23, 2020. We can see that the pin bar in the figure encountered resistance and retreated at the important level of $1912.
Once the price rises to the pivot level, a price rejection may occur, followed by a sudden drop in price.
At this time, you need to act decisively to seize these trading opportunities. As you can see, after the pin bar encounters resistance, the next candlestick will be a very long bearish candlestick.
Price action pattern
The above shows the GBP/USD 1-hour chart. It demonstrates a price action chart pattern called RRR (Random Resistance Rejection).
The reason it is called 'random' is that it can happen at any point in time, as well as at significant 'event convergence zones'.
Like the previous price action patterns, RRR appears across different time frame charts. The rule of thumb tells us: 'The higher the time frame, the more accurate the signal.'
In this case, we observe a resistance level turning into a support level, and a pin bar forming a rebound at that level. Coincidentally, the candlestick on the daily chart is an inside bar.
This is a very good example of high-probability trading. However, note that this pattern should not be confused with a breakout.
Price action pattern
The above is a price action chart pattern obtained from the hourly chart of EUR/USD, namely the demand zone candlestick pattern.
To validate this price action pattern, we need to follow two important rules:
1. Secondary demand zone 2. Candlestick confirmation
This chart pattern is very similar to strong bullish support. The only main difference is that it usually appears in secondary demand areas rather than primary demand areas. See the image below:
Those who know me should know that in trading, I try to stay away from diagonal trendlines or channels. Here I just show you a classic example.
Once a secondary demand zone is identified, we can mark it on the chart and lurk near the price. When the price is 'trapped' in the demand zone, all we need to do is use price action for confirmation and look for trading opportunities.
This may be one of the most powerful trend continuation techniques, which can also be used to implement strict stop losses.
Price action pattern
Charts that cannot operate as expected or theoretically align with reality. Many traders blindly follow converging triangle patterns, but in reality, they are not as accurate as people imagine.
One of the advantages of a converging triangle is that it is easy to spot. The problem with this trading setup is that because it is easy to identify, many traders will try to profit from it.
You should know that trading is a zero-sum game; it does not allow such behavior to exist. Traders who blindly chase highs become the targets of being harvested.
One of the issues with the TVR price action pattern is shown in the image below:
When you notice this triangle pattern, most traders will expect the price to break upward.
However, contrary to expectations, the price went in the opposite direction.
The reason we did not see an upward breakout is that the price was not able to withstand the test of the resistance level and began to fall.
Before starting to fall, take note of the inside bar.
Price action pattern
Let's take a look at the last price action chart pattern. Of course, this does not mean that we have explained all the price action patterns. These 8 price action patterns are just some common ones in our daily trading.
So, what can we expect from price action patterns?
We see that when the price fluctuates within a range, a breakout is expected. Traders can easily fall into this trap. The closer the price is to the resistance level, the more eagerly they buy.
Let's illustrate this with a sketch:
The following are three situations that novice traders hope to go long:
1. The price is slightly above the midpoint of the range; I should go long, otherwise I will miss the opportunity.
2. The price is just below the resistance level, and I'm worried that if the price rises too quickly, I will miss the best entry opportunity.
3. The price has just broken through the resistance level, and I don't want to miss this trading opportunity.
The three situations mentioned above are typical trading methods for retail traders. This is a trap you should try to avoid.
The closer you are to the resistance level, the higher your stop loss becomes; paradoxically, the greater the chance of being stopped out.
If you can look at it from the opposite perspective, you can gain a good trading opportunity.
Think about it this way: the closer you are to the resistance level or supply area, the more you should go short.
Let's take the USD/CAD 4-hour chart as an example:
Seeing this situation, you might rush in to go long. However, the reality is as shown in the image below:
How unfortunate! You didn't go short but instead went long...
Summary
In this article, we listed 8 types of price action chart patterns. Each has its advantages and disadvantages. However, what everyone really needs to consider is the potential return of each price chart and the risks involved.
These trading patterns tell us that traders can easily fall into market traps; therefore, we must strictly adhere to trading rules. Trading might be the best way to test your discipline.
Please remember not to rush into trading with overly high expectations. If you want to become a consistently profitable trader, it will require a lot of time, discipline, and dedication.