Let me talk about myself! I have been trading cryptocurrency for exactly 10 years now, turning an initial capital of 300,000 into 40 million, almost capturing all the appreciation in my holdings! I now support my family through cryptocurrency trading. I can say that I have used 80% of the methods and techniques available in the market, but the most practical is still the simplest 'candlestick trading method'. If you want to treat cryptocurrency as a second profession to support your family, you must study this article seriously; it can save you at least 10 years of detours.

I can't really say I'm wealthy; I barely have financial freedom, and I can only say that my expenses are covered. Throughout this process, I deeply understand how important a good mentor is! Those who have been through the rain always want to hold an umbrella for others. Having experienced days of isolation and helplessness, I empathize with those who suffer losses. I want to extend a helping hand and make up for the regrets of wanting to be pulled up during difficult times, as if crossing time and space to hold an umbrella for my past self caught in the rain. This is also the original intention of my sharing, hoping to help many friends in the community avoid some detours!

Learning this simplest method of trading cryptocurrency will gradually make you rich. First, firmly grasp the following 10 rules:

1. For strong cryptocurrencies that have dropped for nine consecutive days from a high point, follow up promptly.

2. Any cryptocurrency that rises for two consecutive days should be reduced in position timely.

3. Any cryptocurrency that rises more than 7% should be observed the next day for further upward potential.

4. It is essential to wait until a former bull market has ended before entering the market.

5. If any cryptocurrency experiences three consecutive days of stable fluctuations, observe for another three days. If there is no change, consider switching positions.

6. If any cryptocurrency fails to recover the previous day's cost price by the next day, one should exit promptly.

7. In the rising list, if three appear, five will follow, and if five appear, seven will follow. For cryptocurrencies that rise for two consecutive days, enter the market at low points; the fifth day is usually a good selling point.

8. Volume and price indicators are crucial; trading volume is considered the soul of the cryptocurrency market. Pay attention when prices break out from a low consolidation with increased volume; decisively exit when there is a volume stagnation at a high level.

9. Only choose cryptocurrencies in an upward trend for trading, maximizing your wins without wasting resources. If the 3-day moving average turns upward, it indicates a short-term rise; if the 30-day moving average turns upward, it indicates a medium-term rise. If the 80-day moving average turns upward, it signifies a major upward trend; if the 120-day moving average turns upward, it indicates a long-term rise.

10. In the cryptocurrency market, small funds do not mean no opportunities. As long as you master the correct methods, maintain a rational mindset, and strictly execute strategies, opportunities will come.

Helping others means helping oneself. The above 10 points are all summarized and deeply understood from the market. They must be repeated and integrated into practice. I believe your cryptocurrency trading skills will improve rapidly!


So how can we excel at trading cryptocurrencies? Once a person enters the financial market, it is hard to turn back. If you are currently at a loss yet still feel confused, and you plan to treat cryptocurrency trading as a second profession, you must understand the 'candlestick trading method'. Understanding it will help you avoid many detours based on personal experiences and feelings. I suggest you save this and contemplate it repeatedly!

As a newcomer to the cryptocurrency market, understanding candlesticks is essential knowledge; it is the foundation of all technical analysis. Learning to interpret candlestick charts is crucial for seizing cryptocurrency trends.

The fundamental indicators of the cryptocurrency market: Candlesticks and trading volume.

What is a candlestick chart? A candlestick chart, also known as a candle chart, is one of the most commonly used tools in cryptocurrency analysis. It displays price changes in the cryptocurrency market through 'candlestick' shapes, allowing you to see market fluctuations at a glance.

The basic structure of a candlestick: Each candlestick represents price changes over a specific period, with common time units being 1 minute, 5 minutes, daily, etc. Highest point: Upper shadow of the candlestick. Lowest point: Lower shadow of the candlestick.

Common candlestick patterns: Full-bodied bullish/bearish candlestick (large bullish/large bearish): Indicates significant price fluctuations in the cryptocurrency market that day. Cross star: Indicates market uncertainty, and a reversal may occur. Hammer candlestick: Indicates a potential bottom reversal and may be a buy signal.

How to use candlestick charts for cryptocurrency analysis? Look at trends: Analyze the arrangement of candlesticks to determine whether the cryptocurrency market is trending upwards, downwards, or in consolidation. Combine with other indicators: such as moving averages, MACD, etc., to enhance judgment accuracy.

Set buy and sell points: When a reversal pattern appears on the candlestick chart, consider entering or exiting the market.

Next, Yan An will introduce the candlestick patterns frequently encountered in the cryptocurrency market.

1. Cross line

Cross line

The cross line reveals the balance of power between bulls and bears. Generally, a reversal is likely to occur after a cross line, changing the previous trend direction. If a cross line appears during an upward trend, it indicates a weakening of upward momentum; if it appears during a downward trend, it indicates a weakening of downward momentum; if it appears in a sideways trend or multiple consecutive cross lines occur at the same price level, then the cross line cannot provide a signal for trend change.

2. T-type line

T-shaped line

A T-shaped line appearing at a low point indicates strong support at the lower level, suggesting the possibility of a rebound.

A T-shaped line appearing at a high point indicates severe selling pressure and a weak market, with the possibility of a reversal and downturn.

If a T-shaped line appears in an upward trend at a mid-level position, it indicates that there is still upward potential.

3. Full-bodied bullish candlestick and full-bodied bullish candlestick

A full-bodied bullish candlestick has a body with a lower shadow and no upper shadow. If a full-bodied bullish candlestick appears at a low point in the trend, it might indicate the beginning of a new upward trend after hitting a bottom. If it appears during an upward trend, it suggests continued optimism for the market.

A full-bodied bullish candlestick is one that has a body and is hollow, with an upper shadow and no lower shadow; a full-bodied bullish candlestick indicates a strong upward trend.

4. Inverted hammer and shooting star

A full-bodied bearish candlestick refers to a bearish candlestick with a lower shadow, where the opening price is the highest price of the day. At the opening, the selling power is particularly strong, and the price remains in a downtrend. However, when it reaches a low point, it is supported by buying power, which may lead to a rebound.

A full-bodied bearish candlestick has a body with an upper shadow and no lower shadow. If a full-bodied bearish candlestick appears at a low price level, it may indicate signs of a rebound, but the rebound's strength may not be significant.

5. Full-bodied bullish candlestick / bearish candlestick

A full-bodied bullish candlestick has a body without upper or lower shadows. A full-bodied bullish candlestick indicates an upward trend, and subsequent trends may show strong upward momentum.

A full-bodied bearish candlestick is one that has a body but no upper or lower shadow. A full-bodied bearish candlestick indicates that the trend is downward, and the subsequent trend is likely to show a strong decline, with a high probability of a lower opening the next day.

6. Small bullish candlestick and small bearish candlestick

Small bullish star and small bearish star have very short bodies.

A small bullish star represents very little fluctuation, with the opening price and closing price being extremely close, and the closing price slightly higher than the opening price. The appearance of a small bullish star suggests that the trend is in a state of confusion and it is difficult to predict future price movements.

A small bearish star is similar to a small bullish star, except that the closing price is slightly lower than the opening price, indicating that the trend is in a state of confusion and it is difficult to predict future price movements.

7. Small bullish candlestick and small bearish candlestick

The body of small bullish and bearish candlesticks is slightly longer compared to small bullish and bearish stars.

The fluctuation range of small bullish and bearish candlesticks is between 0.6% and 1.5%. A small bullish candlestick indicates a lack of momentum in the upward trend, and the subsequent trend is unclear.

A small bearish candlestick indicates signs of a downtrend, but the downward momentum is not strong, and the subsequent trend is not very clear.

8. Medium bullish candlestick and medium bearish candlestick

The body of medium bullish and bearish candlesticks is slightly longer compared to small bullish and bearish candlesticks.

Unlike small bullish and bearish stars, the market significance of bullish and medium bearish candlesticks is clearer. A medium bullish candlestick indicates bullish sentiment in the market, while a medium bearish candlestick indicates bearish sentiment in the subsequent trend. Often, medium bullish and bearish candlesticks become turning points in the trend, but they should also be analyzed in conjunction with the overall trend.

9. Large bullish candlestick and large bearish candlestick

The fluctuation range of large bullish and bearish candlesticks is above 3.6%. Compared to medium bullish and bearish candlesticks, large bullish and bearish candlesticks have clearer market significance.

A large bullish candlestick indicates that the likelihood of an upward trend dominates, with a high probability of a higher opening the next day; a large bearish candlestick indicates that the likelihood of a downward trend dominates, with a high probability of a lower opening the next day.

10. Hammer candlestick

The body is small, the lower shadow is long (2-3 times the body), with no upper shadow or only a very short upper shadow. It is also known as the 'hanging man' at a high price level.

(1) If it appears at a high price level, it signals a market top; if it appears at a low price level, it signals a market bottom.

(2) The smaller the hammer body, the longer the lower shadow, and the greater the reference value.

(3) If a hammer candlestick appears, and the next candlestick closes as a long-bodied bullish candlestick, exceeding the highest price of the hammer candlestick, the probability of a new upward trend is high.

(4) If a hammer candlestick appears, and the next candlestick is a large bearish candlestick, the market may maintain a downtrend.

11. Inverted hammer candlestick

The body is short, the upper shadow is long, and there is no lower shadow or only a very short lower shadow.

(1) If it appears at a high price level, it signals a market top and should sell stocks; if it appears at a low price level, it signals a potential market bottom.

(2) The greater the disparity between the body and upper shadow, the more valuable the signal is as a reference.

(3) An inverted hammer candlestick is not a strong bullish signal; after it appears, one must wait for the next candlestick to confirm.

(4) If the opening price on the day after an inverted hammer candlestick jumps upward and exceeds the body of the inverted hammer, the greater the gap, the stronger the verification signal.

12. Summary of bullish candlesticks

13. Summary of bearish candlesticks

The above is the candlestick chart organized by Yan An, hoping it can help everyone!

Note: A large bullish candlestick releases a strong bullish signal. If one buys based solely on the bullish signals released by candlesticks, believing that the market will rise, it can easily lead to falling into a trap of false bullishness.

When learning about candlesticks, remember these three points: A bullish signal does not equal a bullish market; bullish does not equal a suitable buying point; a suitable buying point does not equal stable profits.

1. Seizing opportunities for building positions in the future can help many people cross social classes again in a bull market!

2. Altcoin opportunities will share wave and long-term strategies in real-time!

3. The market has become active again; new star sectors or cryptocurrencies are definitely needed to ignite a new bull market. Seize one and make a big profit, seize several and make a huge profit!

The cryptocurrency market is like a marathon; steady running is better than fast running. Those who make money by luck often lose it back through skill. Only by ingraining position management into one's DNA can one survive in this ruthless market. Remember: as long as you are alive, you have the chance to turn things around.

No matter how diligent a fisherman is, he won't go out to fish during a stormy season, but will carefully guard his boat. This season will eventually pass, and a sunny day will come! Follow Yan An, and I will teach you both how to fish and how to fish sustainably. The cryptocurrency market is always open, and only by going with the flow can you lead a life in harmony with the market. Save this and keep it in mind!