Do you dare to believe that 10,000 U can roll to 1.37 million U? I will share my experience of reversing my debt in 6 years to tell you that there are no myths in the cryptocurrency world, only practical rules earned through blood and tears!
In 2017, I entered the cryptocurrency market with 200,000 U. After experiencing liquidation, online loans, and debts, I took my last 10,000 U loan and made a comeback. Today, I will condense my core principles into three points, so you can avoid five years of detours!
1. The Iron Triangle of Making Money (Must-read for beginners!)
1. Observe the long-term cycle to determine direction
Focus on the 4-hour/daily charts; market movements fall into three categories:
Bullish candles breaking previous highs → A strong bull market is coming
Bearish candles breaking previous lows → A market crash is happening
Prices fluctuate back and forth → Sit back and watch
Remember: Go long only when prices rise, go short only when prices fall, play dead during fluctuations!
2. Identify key support levels
Prices are like a trampoline; they will rebound when they hit support and must correct when they reach resistance. Remember these three key points:
Draw horizontal lines at previous highs and lows
Fibonacci retracement levels
Areas of concentrated liquidation volume
3. Capture buy/sell points in a short cycle
When the daily chart shows bullishness, switch to the 15-minute chart to find entry signals:
MACD golden cross with increasing volume
Breakthrough of the descending trendline
Long lower shadow + volume doubling
If any two signals appear, enter blindly!
2. Eight Essentials for Survival
1. Choose coins: Only trade BTC/ETH, altcoins are gambling with your life
2. Position size: No more than 5% per trade
3. Stop loss: Cut losses immediately if it falls below the support level by 3%
4. Take profit: Set a 3:1 risk-reward ratio (if you make 30,000, then cut loss at 10,000)
5. Time period: Avoid the spike time from 3-5 AM
6. Backup plans: Always prepare two trading plans
7. Review: Record three trading lessons every day
8. Discipline: Force yourself to shut down for 2 hours after a loss
3. Three Life-Saving Principles (Violating them will lead to death!)
Never chase highs or sell lows: When BTC surges by 10%, others celebrate while you reduce your position
Entry points are more important than anything else: Better to miss 10 opportunities than to miss 1 good buy
Mindset training method:
Withdraw 50% after consecutive profits
Delete trading apps for 3 days after liquidation
Repeat daily: Surviving is the only way to output
Do you understand now? There are no myths of getting rich quickly in the cryptocurrency world, only a trading system earned with blood and tears. Remember: 10,000 U is not scary; what is scary is using the wrong method to operate 10,000 times!
