I was fortunate to make 10 million in crypto, and I'll tell you a fact: As long as you've made 10,000 in crypto, you'll naturally know how to make 1 million; but if you haven't even made 10,000, there's no way to understand how to make 1 million. Let alone making tens of millions.
Because once you earn 10,000, you will begin to recognize people who have made several tens of thousands, and automatically summarize the logic of making 10,000 — is it through swings? Through contracts? Or by lurking in altcoins? Only after earning that small amount will you realize how to earn ten times that amount, knowing which traps to avoid and which opportunities are worth waiting for.
So, don't think about those ways to get rich that far exceed your understanding, such as 'Hundredfold coin secrets' or 'Big shots' guaranteed profits,' these pieces of information are impossible for you to verify, even if others talk about it passionately, you still can’t grasp the core.
What you need to do is start by earning small amounts of money you can manage, first understand how to read K-lines, first figure out how the contract margin is deducted, and start with a few thousand dollars in altcoin swings, gradually building up. Earn 500 today, 800 tomorrow, slowly getting a feel for the market's temperament, and accumulating your own trading notes.
You must believe that once you step onto this stage, new insights will naturally emerge — mainstream coins fluctuate more steadily, while altcoins’ explosions need to watch the narrative, and position management is more important than coin selection.
I've been in the crypto space for 13 years, each time starting small and growing large, from focusing on K-line practice, to daring to try contracts with several thousand dollars, and then understanding trends and positioning mainstream coins step by step, solidifying my knowledge and expanding my wallet together.
After 13 years in the crypto space, from a novice to living in a villa, I've realized one thing: the tricks to making money always have a hint of earthiness. Those 'masters' who talk about MACD and RSI might not even have an account as thick as yours. The tools that can really make you act decisively are simple enough that you wouldn't dare believe it.
First, the SAR indicator: A lifesaver for beginners, no need to think when buying or selling.
There are always people who think the more complex the indicators, the more impressive? Pure nonsense! SAR is the hidden master amongst the people. What does it look like? Just a string of small dots following the coin price:
Price above the point (the point under the candlestick) means it's a bull market! Dare to sell at this time? Your brain must be stuck in the door! Even if there are fierce pullbacks in between, as long as the point isn’t broken, hold on tightly. During the Ethereum surge from 2000 to 4000 in 2021, the point stuck below like a band-aid, I made an extra million by holding “not selling if it doesn't break the point,” enough to buy a Cayenne.
Price breaks below the point (the point jumps above the candlestick), bears start to feast! Must sell! Not a second of hesitation!
Key warning:
Is the angle of the point rising above 45 degrees? It indicates it’s rising like crazy! Selling at this time is like throwing money into a pit (SOL went from 20 to 100 dollars, the points flew almost vertically, whoever sells is a fool).
Is the angle of the point dropping below 45 degrees? It means it's dropping violently! Is this the time to buy the dip? Even your ancestors' graves would smoke (LUNA's collapse point dropped at a 90-degree angle, and the grass on the grave of those who bought the dip was three feet high).
In a volatile market, SAR is useless (the points are bouncing back and forth), is this the time to act? You're just giving away money! Hold on until the trend is clear before acting — it excels at grasping major trends!
Second, support and resistance: Understand these two points, and earning 30% is conservative.
How many people bought coins without knowing when to sell? To put it bluntly, they're clueless! Just two points:
Support level (the point where it doesn't drop)
Resistance level (the point where it doesn't rise)
Core principle:
Once the support level is breached, it immediately turns into a resistance level; once the resistance level is broken, it immediately turns into a support level! For example, a certain coin couldn't break through 6800 three times (resistance level), and later, when it broke below the support level of 6000 with volume, that 6000 immediately becomes the new obstacle — want to rise again? The trapped positions will crush you!
Practical experience with FIL: Held at $40 three times (support level), I went all in each time; when it rose to the resistance level of $50, I liquidated. Three trips back and forth, 60% profit in my pocket, simple and brutal!
How to judge a true breakout? Look at the trading volume! Iron law!
When the resistance level gets broken, the trading volume must be at least twice the normal level for it to be a real breakout! Dare to add positions is the way to go! This year when BTC broke 40,000, the trading volume was three times the usual, I went all in and earned 200,000 when it rose to over 50,000.
No increase in volume? Fake! Hurry up and run!
Third, Bollinger Bands: Specially designed to treat sideways tumors, must watch before a change.
Sideways market is the most annoying: Buy and it drops, sell and it rises? Bollinger Bands are a warning tool — like an elastic band, hold back during narrowing, and go for it when it opens!
Key usage:
Bollinger Bands narrowing to almost stick together (upper, middle, and lower bands squeezing together), indicating that bulls and bears are exhausted, and life and death will soon be determined! Opening leverage now? You wouldn't even know how you died! Hold out for it to break out up or down; the greater the amplitude, the more intense the market (the Bitcoin sideways for a month in 2023, after narrowing, skyrocketed 30% — those who missed it are regretting it).
Look at the position when the opening expands:
High opening followed by contraction → sell signal (suddenly narrowing after a threefold increase? It’s a wonder it doesn’t drop!)
Low opening + coin price surging from the middle band upwards → buy signal (sudden opening after a 50% drop, middle band turning upwards, winning probability absurdly high!)
Reminder: Bollinger Bands react slowly (it only moves after the price moves), don’t expect to use it to guess reversals! It only helps in judging whether the trend can continue.
Fourth, volume: You can ignore the market maker's nonsense, trading volume is the real deal.
90% of the explosive ups and downs in the crypto market are dictated by volume! Everything else is just the market makers drawing lines to trick your money! Remember these four phrases; they are more useful than learning a hundred indicators:
High volume at a high price must drop: Coin price skyrockets fivefold, and trading volume suddenly explodes (three times the height of the bars), no matter how pretty the K-line, sell immediately! If the market maker is offloading, do you still consider it a treasure? Just wait to die!
Low volume increase can be bought: Coin price drops 70%, and trading volume suddenly spikes without hitting a new low? Big funds are entering! Go in gradually! (When BTC dropped to 15,000 with volume in 2022, I added positions and earned threefold).
No volume increase in price is just a trap: Coin price goes up with no volume change (bars are short)? The market maker is just celebrating! Rapid rises lead to sharper falls, chasing in means you're just a bag holder!
Price-volume divergence means you need to run: Coin price hits a new high, but trading volume is lower than the last (bars are short)? Buying pressure can't keep up! Hurry up and sell! (When Bitcoin surged to 69,000, the volume was lower than the previous high, I liquidated and watched the crash with a smile).
Ultimate operation workflow: Simple enough not to need to think.
Use SAR for direction: Price above the point → only go long; below the point → only go short, don't hesitate!
Use support/resistance to find levels: Close to support level + SAR below → buy; close to resistance level + SAR above → sell!
Use Bollinger Bands for timing: Sideways narrowing → hold out for a breakout; trend opening → go with the direction aggressively!
Use volume to verify authenticity: Check volume before buying! No volume? Get out! Volume increased? Go for it!
Last year's SOL practical experience: Following this process four times, each time earning 15%-30%, doubling in total! Complex indicators make you hesitate, while simple rules let you act decisively.
The last heartfelt sentence:
The crypto market never lacks opportunities; what’s lacking is a method that allows you to execute diligently. SAR, support and resistance, Bollinger Bands, volume — they may look rough, but they can help you avoid 90% of the traps.
If you can execute simple rules to the end, you are the reaper; otherwise, you will always be the chives! Now open the software and go for it!
If you currently feel helpless and confused about trading, and want to learn more about cryptocurrency knowledge and cutting-edge news, click on the avatar to follow me, and trade alongside the master! Clear market views give you confidence in your operations. Consistent profits are far more practical than fantasizing about getting rich.