Can you? Of course! I know an elder who entered the cryptocurrency market with 100,000 yuan, and now it has a market value of 42 million. He once told me something that enlightened me.
He said: 'In this market of cryptocurrency, everyone is a crowd; you only need to control your emotions, and this market is a money machine!'
My experience is that to make money in the cryptocurrency space, it boils down to a few points:
1. Cognitive gap: If you have a high cognitive dimension, you can make money. For example, the previous round of Dogecoin was because he draws lines better than the gossip teacher.
Is it? No. Because he has a higher cognitive dimension, his understanding of investment is several levels above most people, which allows him to see his insights on Dogecoin from months ago.
Anticipation is the main driving force behind this round of Dogecoin's rise. Or Tony Fatty +, who understands trading at a higher level than others, then
can make big money through trading.
2. Information gap: This is mainly reflected in some high-odds plays that appeared early in new narratives, such as mining, selling, and arbitraging; you are better than them.
If others enter early, they can earn decent profits. As for how to have an information advantage, it's quite lengthy, and I won't elaborate here.
There are various scattered mentions, and those with intent can find them.
3. Execution gap: You either work hard or have skills. When there is no cognitive gap or information gap, the difference in execution is what opens up the earnings gap for ordinary people.
If you work hard or have skills, you can also make money. For example, working hard, batch trading, making tools, etc., are typical examples.
and play with NFTs, selling tools/using tools to earn are typical examples.
These three are the foundation, and they can also build on each other, combining cognitive gaps with execution gaps, information gaps with execution gaps, etc.
is rich in information!
My wealth code:
My cryptocurrency trading method is very simple and practical. I reached an eight-figure sum in just one year by only trading this pattern, entering the market only when the opportunity is right, and without any pattern, I do not trade.
Trading with a winning rate of over 90% for five years!
1. Bullish engulfing pattern
As the name suggests, the engulfing pattern refers to two candlesticks, where the second one engulfs the first.
Their characteristics are that the first candlestick closes bearish, and the body of the second candlestick completely covers the body of the first candlestick.
The first candlestick closes bullish.
The emergence of the bullish engulfing pattern indicates that with the transfer of control from sellers to buyers, the market is very likely to experience a bullish trend.
2. Bearish engulfing pattern
The bearish engulfing pattern is completely opposite to the bullish engulfing pattern.
Their characteristics are that the first candlestick closes bullish, and the body of the second candlestick completely covers the body of the first candlestick.
The first candlestick closes bearish.
The emergence of the bearish engulfing pattern usually indicates that a bearish trend is about to appear, as control gradually shifts from buyers to sellers.
3. Bullish harami pattern
The bullish harami pattern consists of two candlesticks. The first candlestick is bearish, and its body is longer than that of the second bullish candlestick.
That is to say, the second candlestick must be completely contained within the first candlestick. Its emergence indicates that a downtrend may be about to reverse, and the market
The market will enter an uptrend.
Additionally, a small piece of knowledge is that 'Harami' means 'pregnant' in Japanese.
4. Bearish harami pattern
In contrast to the bullish harami pattern, in the bearish harami pattern, the first candle is a bullish candlestick, and the second candle is a bearish candlestick, with the first candlestick being larger.
The second is long. The body of the second candlestick is completely contained within the body area of the first.
The appearance of the bearish harami pattern indicates that the uptrend may be about to end and a downtrend may begin.
5. Bullish harami pattern
The bullish harami pattern consists of two candlesticks. The first is a longer bearish candlestick, the second is a doji, and the third is a bullish candlestick.
candlestick. Its characteristic is that the doji candlestick must be completely contained within the body area of the first candlestick.
The appearance of the bullish harami candlestick pattern indicates that the price has reached the bottom of a downtrend, and the market may soon enter an uptrend.
6. Bearish harami pattern
In contrast to the bullish harami pattern, its first long body is a bullish candlestick, the second is a doji candlestick, and the third is
is a bearish candlestick. Similarly, the doji candlestick is completely contained within the body of the first candlestick.
The appearance of the bearish harami pattern indicates the end of the uptrend and the imminent start of a downtrend.
7. 'Sandwich' candlestick pattern
The 'sandwich' pattern is a very interesting candlestick pattern because it looks like a 'sandwich'. The pattern is characterized by two candles.
A red candlestick is flanked by a green candlestick, and their opening and closing prices are not significantly different.
The emergence of this pattern indicates that the market is in a state of stalemate, with both buyers and sellers hesitant.
8. 'White three soldiers' pattern
The white three soldiers candlestick pattern consists of three bullish candlesticks. In a downtrend, this pattern gives a strong reversal signal.
signal indicating that the downtrend is about to end. This price pattern is quite accurate for judging bullish trends and should not be ignored.
9. 'Three black crows' pattern
The three black crows candlestick pattern is exactly the opposite of the three white soldiers pattern. This pattern generally appears in an uptrend and is formed by three bearish candlesticks.
The combination pattern usually suggests that the uptrend is about to end and the price will reverse downwards.
10. Tweezer top pattern
This pattern is named because it resembles an inverted tweezer. The tweezer top candlestick pattern is a very useful candlestick pattern because it suggests that the price
making it difficult for prices to rise further.
This pattern consists of two candlesticks. The first candlestick is a bullish candlestick that faces resistance and falls back, and the second candlestick retests the high of the previous candlestick.
encounter resistance and fall. Both candlesticks have long upper shadows.
11. Tweezer bottom pattern
The tweezer bottom pattern is completely opposite to the tweezer top pattern. This pattern consists of a bearish candlestick and a bullish candlestick. Both have long
lower shadows.
The emergence of the tweezer bottom pattern indicates that the price is difficult to decline further, suggesting that the market is about to experience an uptrend.
12. Morning star candlestick pattern
The morning star candlestick pattern is somewhat similar to the engulfing pattern but has slight differences. This pattern consists of three candlesticks, with the first being a significantly longer bearish candlestick.
The first candlestick is bullish, the second candlestick is a doji, and the third candlestick is bullish. It is worth noting that the third candlestick will close at a higher price.
The closing price generally exceeds 50% of the first candlestick.
The appearance of the morning star candlestick pattern indicates that the market is about to enter an uptrend.
13. Evening star
The evening star + pattern is exactly the opposite of the morning star pattern. The first candlestick is bullish, the second candlestick is a doji, and the third candlestick is bullish.
bearish candlestick. It is worth noting that the third candlestick closes at a lower price, usually exceeding 50% of the first candlestick.
The emergence of the evening star pattern indicates that the market trend is about to turn bearish.
14. Piercing line pattern
The piercing line pattern consists of two candlesticks, the first one is a bearish candlestick, and the second one is a bullish candlestick, resembling a bullish engulfing pattern.
However, the piercing line pattern is not as powerful as the bullish engulfing pattern.
In the piercing line pattern, there is usually a price gap between the closing price of the first candlestick and the opening price of the second candlestick. Then, the closing price of the second candlestick
generally exceeds 50% of the previous candlestick. The emergence of this pattern is often seen as a signal that the price is about to enter an uptrend.
15. Dark cloud cover
The dark cloud cover candlestick pattern consists of two candlesticks that form a bearish reversal candlestick. The first is a bullish candlestick, and the second is a bearish candlestick, and
The closing price of the second candlestick is within the body range of the first candlestick.
Only when the dark cloud cover pattern + appears in an uptrend is it possible to indicate that the trend may soon turn bearish.
16. Bullish abandoned baby pattern
The bullish abandoned baby pattern is a very rare signal for a top or bottom reversal. It consists of three candlesticks.
A long bearish candlestick, a small doji, followed by a long bullish candlestick.
Two long candlesticks look like parents, and the doji is a baby. Usually, there will be a barrier between parents and children, thus forming the 'abandoned baby' pattern.
state.
When you see the bullish abandoned baby candlestick pattern, it may signal that the downtrend is about to reverse into an uptrend. It is important to note that this
This type of candlestick pattern is quite rare.
17. Bearish abandoned baby pattern
The bearish abandoned baby pattern is exactly the opposite of the bullish abandoned baby pattern, indicating that the uptrend may end and the market is about to face a downtrend.
Conclusion
Candlestick chart patterns can help us understand the market, knowing who is in control of the market at the moment, whose power is gradually weakening, and the price is.
Where resistance forces are encountered, etc. However, we strongly recommend that traders do not overly rely on candlestick chart patterns and do not rely solely on them.
You can trade candlestick patterns. You can use some trading indicators to assist in confirming candlestick signals, which can bring you more.
the possibility of high profits.
Aze has been in the cryptocurrency market for many years, summarizing several classic quotes, hoping to help both new and old traders.
First, do not hold positions; the profits you hold will eventually be returned to the market because of the 'holding'.
Second, do not guess tops and bottoms; the profits you guess will eventually be returned to the market.
Third, do not guess tops and bottoms, as it may still be halfway up.
Fourth, do not rely on news, as this is 'guessing' tops and bottoms.
Fifth, do not easily leave the market when in profit, as you might be running at half-mountain.
Sixth, do not get excited when you see large bearish or bullish candlesticks, as they may be 'performances' put on by the market makers for the retail investors.
Seventh, do not think that what you see is the last wave of the market and act recklessly; as long as your capital is still there, there will always be market movements.
Eighth, do not trade frequently; not only will it cause you to lose sight of the big direction and increase the chances of making mistakes, but it will also raise trading costs, which is not worth it.
Ninth, do not take contra trades; hold firm when you are right and run quickly when you are wrong.
Tenth, do not buy low out of greed, nor sell high out of fear; you should not act rashly if the trend has not changed.
Eleventh, do not treat trading as your main job; do not stare at the charts. The time spent staring at charts is inversely proportional to profits.
Twelfth, do not easily believe others' opinions; in the end, only yourself is most worthy of trust.
Thirteenth, do not make major mistakes. Missing a trend is not a major mistake; making a mistake is not a major mistake as long as you stop loss. Only high-leverage holding positions that lead to liquidation are considered major mistakes. No matter how many times you were right before, if you make one major mistake, all previous correctness becomes zero, and compounding will be halted.
Fourteenth, to gain something in the cryptocurrency space, you must stay away from those who consume your attention; this type of person is more common among female groups, and they waste time and energy chatting all day, ultimately leading to nothing.
Fifteenth, if you do not have enough cognitive ability, even if you follow others, it is impossible to make money because countless facts have proven that the market changes too fast to keep up. In any investment market, slow is fast, and fast is slow. Do not look down on investors with a 20% annual return in the cryptocurrency circle; in the cryptocurrency space, those who do not achieve dozens of times returns each year are always looked down upon.
In fact, making money in the capital market is inherently difficult. Many influencers who flaunt their profits daily harm retail investors significantly. Their flaunting leads retail investors to believe that making money in the cryptocurrency circle is too easy. You can check the investment yearbook on the Shanghai Securities Regulatory Commission website, and you will see that every year 20% can wipe out 95% of investors; it is not an exaggeration to say it's one in a hundred.
Today's retail investors can learn from others to improve themselves, but it is impossible to rely entirely on others to make profits without thinking. You can follow others, learn from those you think are better than you, learn their strengths, and understand their trading ideas. But if you want to completely follow along without learning, this path is unfeasible in any trading market.
Still, the same saying applies: If you don't know what to do in a bull market, click on Kuige's profile, follow him, for bull market spot planning, contract strategies, and free sharing.
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