As an old player in the crypto space, I have unknowingly traded in the crypto market for 10 years. It is truly not easy to survive until now!
I have also been beaten badly by market manipulators and experienced many liquidations. I have felt lost before, hiding in dark corners, smoking one pack after another. This is the price of growth!
From entering the crypto market with 50,000 to earning 10 million, then going into debt of 8 million, then to a profit of 20 million, to achieving financial freedom now.
Mainly having a trading plan and trading system, this is a free sharing of a summary based on my years of trading experience, hoping to help everyone!
My cryptocurrency trading strategy has only 4 steps, very simple, yet incredibly effective.
Step 1: Choose a cryptocurrency Open a daily chart, only select cryptocurrencies with MACD golden crosses, prioritize those above the 0-axis golden crosses, this is the condition with the highest success rate!
Step 2: Buy signal Switch to the daily chart and focus only on one moving average—the daily moving average. The rule is very simple:
Holding online: Buy and hold when the coin price is above the daily average line.
Offline selling: Sell immediately when the coin price drops below the daily moving average.
Step 3: Position management After buying, observe the coin price and trading volume:
If the coin price breaks through the daily average line, and the volume also stabilizes above the daily average line, buy in full.
Selling strategy:
If the increase exceeds 40%: sell 1/3 of the position.
If the increase exceeds 80%: sell another 1/3 of the position.
If it breaks below the daily average line: liquidate all remaining positions.
Step 4: Strict stop-loss The daily moving average is the core of our operations. If the coin price suddenly drops below the daily moving average the next day, regardless of the reason, you must sell all positions; do not harbor any illusions!
Although the probability of breaking below the daily average line is low through this screening method, we must still maintain a risk awareness. After selling, just wait for the coin price to stabilize above the daily average line again before buying back.
This method is simple and easy to learn, very suitable for investors looking for stable profits.
Ultimately, the key to success lies in strictly executing each step without being swayed by emotions!
A trading system is a weapon that allows you to achieve stable profits.
It can help you mark key points, discover entry signals, and find trading opportunities that can make you money.
So back to the point, as long as there is a stable trading system, you can act on opportunities that arise within the system; if you lose, just take revenge, do what you need to do well, and leave the rest to the market. In the end, you will always be able to use profits to cover losses.
However, the biggest problem for 99% of people is that they do not have their own trading system, so they are afraid of losing money when trading, because once that money is lost, it cannot be earned back. Even if they get lucky and earn it back, they will ultimately lose it all again through skill.
So how do you have a complete trading system?
Using one of my accounts, I turned 11,000 into 17 million in 5 years, relying entirely on 11 chart patterns, with a winning rate of an astonishing 100%! I will be organizing this information in the coming days and sharing it with those destined to learn and master it, definitely worth collecting!
1. Cup and Handle Pattern:
The cup and handle pattern is a consolidation pattern after a strong upward movement of the stock. Generally, a stock will experience severe fluctuations for about 2 to 4 months, then through market adjustments, during the pullback, the stock will encounter selling pressure and drop, falling about 20% to 35% from the previous high, with the adjustment period usually between 8 to 12 weeks, depending on the overall market conditions.
When the stock price rises and tries to challenge the previous high point, it will be under selling pressure from those who bought near or at the previous high point. This selling pressure will lead to a decline and sideways consolidation in the stock price, typically lasting about 4 days to 3 weeks.
The position of the handle usually is 5% lower than the previous high point. If the handle is too low, it usually indicates a defective stock, which also means a higher risk of failure.
The buying opportunity for the stock is when it rises to a new high at the top of the handle, rather than touching the previous high point from 8 to 12 weeks ago.
This is one of the best and most reliable patterns. It should be noted that the best stocks with this pattern usually appear at the beginning of market trends after a sufficient market correction, rather than during or at the end of a significant market rise.
2. Flat bottom:
A flat bottom is a chart pattern that moves horizontally over any time span. This pattern can yield very strong upward moves, and we are looking for when the stock price remains at a horizontal or roughly the same level and trading volume shows exhaustion. Draw a trend line at the top of this flat bottom, and when the stock price breaks through the trend line with increased volume, buy.
3. Ascending Triangle:
An ascending triangle is a variant of the symmetrical triangle and is usually considered the most reliable bullish pattern in an uptrend. The top of the triangle is flat, while the bottom slopes upwards.
In an ascending triangle, stocks become overbought, and the price reverses and declines. Subsequently, buying re-enters the market and the price quickly reaches a historical high, then falls back again. After that, buying will reappear, although at a higher price than before. The price eventually breaks through the previous high, and with the arrival of new buying, the price will be pushed even higher.
In symmetrical triangles, breakouts are usually accompanied by a significant increase in volume.
4. Parabola:
The parabolic pattern may be one of the most respected and favored patterns, allowing you to achieve maximum and fastest returns in the shortest time. Generally, you will find some of these patterns at the end of a major market rise or near the end, which is the final result of multiple bases forming a breakout.
5. Wedge:
The formation of a wedge appears similar to a symmetrical triangle because the trend lines intersect at their peak; however, the difference with wedges is the obvious slope, with both sides sloping. Like triangles, volume should decrease during the formation of the wedge and increase during the wedge breakout. Below is a typical wedge trend pattern:
A descending wedge is generally considered bullish and typically appears in an uptrend. However, it can also appear in a downtrend, but this means that it is overall still bullish. This chart pattern consists of a series of lower highs and lower lows.
An ascending wedge is generally considered bearish and typically appears in a downtrend. They can also be found in an uptrend, but are still usually viewed as bearish. The ascending wedge consists of a series of higher highs and higher lows.
6. Channel:
Channel patterns are usually considered continuation patterns. They are indecisive areas, typically moving in the direction of the trend.
Of course, the trend lines move in parallel within the rectangular area, representing a near balance of supply and demand at present. Buyers and sellers seem to be evenly matched. The same 'high points' are constantly challenged, and the same 'low points' are also continuously challenged, with the stock oscillating between two clearly defined parameters.
Although the trading volume does not seem to be affected as much as in other patterns, it usually decreases within the pattern, but like other stocks, the volume should significantly increase at the breakout.
7. Symmetrical Triangle:
The symmetrical triangle can be said to be an indecisive area, where the market stalls, and the future direction is in doubt. Generally, the supply and demand forces at that time are considered almost equal.
The buying pressure pushing the stock price up quickly encounters selling pressure, while the price decline is viewed as a buying opportunity.
Every new lower high and higher low becomes narrower than before, forming a sideways triangle shape. (During this time, there is a trend of declining volume.)
Eventually, this indecision will end, usually starting to break out from this pattern (often in the case of huge trading volume).
Research shows that symmetrical triangles overwhelmingly reverse in the direction of the trend. In my view, symmetrical triangles are very useful chart patterns and should be traded as continuation patterns.
8. Descending Triangle:
The descending triangle is also a variant of the symmetrical triangle and is generally considered bearish, typically appearing in downtrends.
Unlike ascending triangles, the bottom of this triangle appears flat. One side of the triangle's top slopes downwards. The price will drop to an oversold level, then tentative buying will occur at the low, causing the price to rebound.
However, the higher price attracts more sellers, and the price continuously challenges the previous low points. Next, buyers tentatively re-enter the market; however, as the price rises, it attracts even more sellers again. Ultimately, sellers take control, breaking through the previous low of this pattern, while previous buyers rush to sell their positions.
Like symmetrical and ascending triangles, during the formation of the pattern, volume continuously decreases until it expands at the breakout.
9. Flag and triangle flag patterns:
Flag and triangle flag patterns can be classified as continuation patterns; they usually represent a brief pause in dynamic stocks, typically appearing after a rapid and significant rise, after which the stock usually rises again in the same direction. Research shows that these patterns are relatively reliable continuation patterns.
1) The characteristics of a bullish flag are lower highs and lower lows, with the slope direction opposing the trend; however, unlike wedge lines, their trend lines are parallel.
2) Bearish signals are composed of higher highs and higher lows, and 'bear market' flags also have a tendency to slope against the trend. Their trend lines are also parallel.
The triangle flag looks very much like a symmetrical triangle, but the triangle flag pattern is usually smaller in size (volatility) and duration, with volume typically contracting during the stagnation period and expanding at the breakout.
10. Head and Shoulders Pattern:
The head and shoulders pattern is generally considered a reversal pattern and is most reliable when appearing in an uptrend. Eventually, the market begins to slow down, and the forces of supply and demand are generally considered balanced.
Sellers offload at the peak (left shoulder) and begin tentative declines. Buyers quickly return to the market and ultimately push to a new high (head). However, the new high quickly pulls back, again undergoing a testing decline (neckline continuation). Tentative buying reemerges, and the market rebounds again but fails to break the previous high. (The last peak is considered the right shoulder.)
Volume is very important in head and shoulders patterns. Volume generally follows the price increase of the left shoulder. However, the head forms with decreased volume, indicating that buyers are no longer as aggressive as before. The volume of the right shoulder is even smaller than that of the head, indicating that buyers may be exhausted.
New sellers enter, previous buyers exit, and when the market breaks through the neckline, the chart is complete. (Volume will expand at the breakout.)
11. Inverted Head and Shoulders:
The chart of the head and shoulders pattern can sometimes be inverted. The inverted head and shoulders pattern typically appears in a downtrend. The volume aspect of the inverted head and shoulders pattern is worth noting.
1) The inverted left shoulder should be accompanied by an increase in volume.
2) The inverted head should form with smaller volume.
3) However, the rebound from the head should show greater volume than the rebound from the left shoulder.
4) The volume of the inverted right shoulder should be the smallest.
5) When the stock price rebounds to the neckline, the volume should increase significantly.
New buyers enter, and previous sellers exit. When the market breaks through the neckline, the chart is complete. (Volume will increase at the breakout.)
Recently, a friend of mine had a terrible experience withdrawing funds—100 assets were frozen, and they ended up spending half a year in jail. The withdrawal process in the crypto space is too deep and difficult! Many friends have asked me how to safely get their money out, so today I will share a few practical tips.
If you have made a large profit in the crypto space and hold 10 million USD and want to cash out, how do you proceed?
Hong Kong withdrawal method
You can go directly to Hong Kong to exchange money, but be sure to remember: don't be greedy and try to save time by bringing too much USD at once, act in multiple batches to keep risks manageable. At the same time, Hong Kong's street exchange shops are mixed with good and bad, most are unofficial channels, so be cautious and beware of shops taking your USD and disappearing.
Bank card application path
Follow the path from Binance → Kraken → bank card. First, transfer USD from Binance to Kraken, convert to USD, then withdraw to an overseas account like Zhong'an Bank. The key is to obtain an overseas bank card in advance; although the process is a bit cumbersome, the overall security is more guaranteed.
Binance C2C Withdrawal Key Points
1. Choose the right exchange: Don't touch certain exchanges; they are rife with illegal money and high risk. Once involved, the consequences can be dire.
2. Carefully select merchants: Prioritize those registered for more than 2 years; the more transactions, the more reliable the reputation; avoid those with extreme transactions in the last 30 days and those who seem 'restless' to prevent stepping on landmines.
3. Real-name transparent trading: All payment steps should be completed within the exchange; opaque channels like cash transactions and Telegram must not be used. Offline trading can be described as a 'trap jungle', where scams and robberies happen frequently, and there are real cases where people have been convicted of robbery due to it. Do not harbor any illusions.
Handling large withdrawals in response to bank risk control
1. Understand the reasons for risk control: When withdrawing funds, fund freezes and bank risk control are like 'ghosts' that can be quite a headache. Long-term idle and low-traffic bank cards are prone to 'collisions', triggering risk control; however, this is quite random, as a million remittance can pass without issues, while a small amount of 70,000 can get flagged.
2. Prevention Techniques: Don't engage in 'quick in and out' 'blitzkrieg' with fund operations, avoid suspicious patterns of multiple entries and exits or one entry with multiple exits, and refrain from large transactions late at night, as it can easily trigger anti-money laundering 'alerts'. Keep some balance in the account, buy some financial products to keep the account in an 'active' state, and unless urgently needed, do not rashly withdraw large amounts.
3. Risk Control Response Strategy: If you are 'locked in' by risk control, do not panic. Quickly contact the remitter and cooperate with the bank's appeals. The bank's intention is also to protect fund safety; as long as we are honest and have complete information, normal appeals can usually resolve the issue smoothly.
(If you are still underwater, unable to see the market trend, seeing it drop when bullish and rise when bearish, pay attention to my homepage for tips, while giving 'fish', also share 'fishing', making your operations even better, becoming the sharpest blade in the market!)
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