In 2017, I stepped into the cryptocurrency world with 80,000 yuan in savings. At that time, Bitcoin had just pulled back from a surge, and the market sentiment was filled with unease and hesitation. Now, my account has long surpassed ten million, and this achievement is not a result of luck, but the trading rules learned from numerous lessons and the technical analysis skills honed over the years.

The first rule I set for myself is to 'control desire and protect capital', and I always adhere to the 'three no principles': no borrowing money to trade cryptocurrencies, no investing beyond my means, and no blindly chasing highs or cutting losses. During the bear market of 2018, many people leveraged to buy the dip, resulting in total loss. I only used 20,000 from my 80,000 capital to try out small altcoins, while the remaining 60,000 was securely placed in mainstream coins. Although I experienced fluctuations, my principal remained intact, accumulating strength for the subsequent rebound.

Technical analysis has become an integral part of my daily operations. Candlestick patterns are important tools for me to judge the market, such as 'three white soldiers' often indicating a rise, while 'three black crows' may signify a drop. In 2020, Litecoin formed a 'morning star' pattern at the bottom, with a noticeable increase in trading volume. I decisively bought in, and soon after, I experienced a wave of price increase, deeply appreciating the power of technical analysis.

Moving average signals are equally crucial. When the short-term moving average crosses above the long-term moving average, it often indicates a good buying point; whereas a death cross appears, one should be cautious. In 2021, when Ethereum's 5-day moving average broke above the 60-day moving average, I judged that the trend had been established, so I increased my position accordingly, and the eventual price increase validated my judgment.

In terms of taking profits and cutting losses, my rules are: if profits double, reduce the position by half; if losses reach 15%, I must cut losses. Once, a new coin doubled in a short period, and I immediately reduced my holdings by more than half. The coin then plummeted due to negative news, and I successfully preserved most of my profits. On another occasion, a coin dropped to the 15% stop-loss mark, and I decisively sold, avoiding greater losses.

Over the years, I have seen countless people fail due to greed and blindness. From 80,000 to ten million, there is no so-called secret formula; only by adhering to the rules, using good technology, and maintaining calm can one steadily achieve wealth in this unpredictable cryptocurrency market.

Daily focus: ASR A2Z OG MAGIC BB PENDLE

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