I've probably made around 4 million, while my initial investment was only 50,000. Since graduating from university, I've never thought about looking for a job; instead, I've been enjoying a carefree and leisurely life traveling between Kunming and Dali. I have no plans to buy a house or a car, and my monthly living expenses are under 1,500 yuan.
Perhaps some may wonder: since life is currently so comfortable and easy, why dive headfirst into the unpredictable world of cryptocurrency?
In my heart, if one truly harbors a strong desire to change their fate, the cryptocurrency world is definitely a place not to be missed. This circle is like a vast and boundless unknown sea, filled with infinite possibilities, where opportunities and challenges intertwine like waves, constantly accompanying each other. If in a place full of potential and surprises like the cryptocurrency world, one cannot achieve a significant leap in wealth or reach the goal of becoming rich, then for us ordinary people, it may really be difficult to encounter such an excellent opportunity that can rewrite the trajectory of our lives.
How did I make money?
The initial capital of 50,000 was accumulated little by little during my university years by completing various projects and tasks.
After entering the crypto circle, I felt that the price of BTC was too high, so I focused on ETH trading. ETH can be leveraged, and I also participate in some altcoin spot trading. When selecting coins, I will cautiously filter and manage positions well. With this clear and simple thinking, I persist in executing it. When the market is not good, there may be slight losses, but as long as the market comes, it can bring in substantial profits.
In 2024, my capital multiplied 50 times. If it weren't for two withdrawals to buy a house, it should have been 85 times.
It can be said that I have used 80% of the market's methods and techniques, and I will share the most practical ones from actual combat—candlestick trading methods and the following iron rules, which have proven effective! A monthly profit of 30%.
Let me share an executable plan. If you can carry it out, making 1 million is achievable.
1. Work hard for two months to increase your capital to around 10,000.
Second, buy coins when Bitcoin's weekly average is above MA20. Buy two or three, and they must be new coins, hot coins during a bear market, like APT before it rose. It comes out of the bear market; as long as Bitcoin rises slightly, it can take off, like OP. Just remember to have heat and a story to tell.
Three, if Bitcoin breaks below MA20, stop loss, buy or wait while continuing to make money. Give yourself two to three chances to fail. If you have 20,000 in savings, invest 10,000, and you can fail three times.
Fourth, if you buy a coin like APT, sell out after achieving about 4-5 times. Keep executing the strategy; remember you are dealing with small capital and must buy new coins, do not buy ETH or BTC. Their price increases cannot support your dreams.
If you start from a bear market to a bull market and achieve three times 5 times, that's about 125 times. This period may be as short as a year and as long as three years. You have three chances to fail. If you fail all three times, it indicates that you lack this ability, stay away from this circle, avoid investing, and do not get caught in contracts.
In short, remember to enter when it's time to enter, and stop loss when it's time to stop loss. Have patience.
I have summarized the essence of the [candlestick trading method]. As long as you master it, using this method to trade cryptocurrencies will guarantee a 30-fold increase in your account. Today, I specifically organized this valuable information to share with those destined to encounter it. Be sure to save it well.
Today, I will teach you a naked candlestick trading method with a winning rate of up to 90%—the pin bar strategy.
I have used it for many years with consistent success, and it is still a method I frequently use today.
The first step.
You must first learn to find a golden candlestick that represents wealth in the candlesticks.
We named this candlestick a pin bar.
1. The pin bar has no requirement for color, but the body cannot be too long.
2. The length of the shadow in the opposite direction must be more than twice that of the body; otherwise, it does not constitute an effective pin bar.
3. Of course, there will also be some deformed candlesticks in real trading that meet the criteria, as shown in the image below.
The other end of the candlestick can have shadows in the same direction, but they must be very short!
Here, the first step is considered complete.
For convenience of memory, we will name the above two candlestick patterns.
From now on, tell yourself:
In the future, only enter trades when you spot shooting stars and hammer candlesticks in the candlestick charts; otherwise, just observe, and your winning rate will greatly improve!
Do not think that you will miss out on a lot of trading opportunities. The simpler methods are often the most profitable when you lack skills.
Please note: Regarding finding pin bar patterns, the two conditions mentioned above are necessary conditions; do not force it. If you intentionally look for candlesticks to trade, you will find a bunch of pin bars, but 80% of them are false!
Second step: Find the position.
Although a single pin bar has no requirements for color, it has extremely high requirements for position. If the position is wrong, the effect is null!
Therefore, the pin bar must be in the correct position to have the best effect.
Please remember the following two points:
1. The shooting star must be at the very top of an upward trend.
2. The hammer candlestick must be at the bottom of a downward trend.
Regarding the second point, you must first learn to identify key levels.
I dare say.
Currently, 90% of people in the trading market.
Do not understand how to find support and resistance levels.
And among the remaining 10%.
Moreover, there are 80% of people.
The identified support and resistance levels are incorrect.
When it comes to support levels.
Ordinary people.
I will imagine it as a piece of flooring.
When the price falls to a certain position.
Forces in the opposite direction begin to appear.
The downward momentum of the price continues to weaken.
Begin to move in the opposite direction.
The same principle applies.
The resistance level is.
When the price rises to a certain level.
Opposite forces appear.
This weakens the upward momentum of the price.
Even turn around and run.
You can imagine the resistance level as a ceiling.
It prevents market prices from continuing to rise.
This is our understanding of support and resistance levels.
Is this concept very simple?
If you also think so.
Congratulations.
You are one of that 80%.
The two situations listed above.
It occurs repeatedly countless times on the market every day.
If we only look at the price line once or twice and it does not break a certain support or resistance level.
Just easily enter the market.
We are highly likely to learn a painful lesson.
Because you do not know what this position means to the market.
Is it a truly meaningful position?
Or some randomly generated noise.
Therefore, at this time, we need some more advanced techniques.
That is the main support and resistance levels.
To help us filter.
To avoid confusion.
Next, I will clarify the main support and resistance levels that this article aims to explain.
Abbreviated as 'key level'.
In English, it is called: Key level.
Key levels are truly sensitive places in the market.
The market has previously indicated its stance on this.
It has also made significant reactions to it.
It has also been rejected by the price many times.
It may have been the market's enemy yesterday.
Today has turned into a friend of the market.
Key levels are like a magnet.
There is an invisible attraction that will constantly encourage attempts to approach this position.
If the market approaches this position again.
We can precisely identify it.
We will have a reasonable prediction for the future.
This means that the price will react to some extent again.
So this is our opportunity to enter and make money.
The pin bar must be at a key level (major support or major resistance).
We will look for several easy-to-understand examples in real trading.
The hammer candlestick appears in a small correction downtrend, and the lowest point of the hammer candlestick is also the lowest point of this downtrend. After several subsequent candlesticks, none have broken below the low of the pin bar, and the market quickly reverses upward, continuously setting new highs. This pin bar is considered an effective candlestick.
The position of this hammer candlestick is simply textbook quality.
If you are day trading and often look at minute charts, the same applies.
Of course, this method is not limited to Bitcoin but is also applicable to other coins, even stocks, foreign exchange, futures, etc.
Next, let's find real case examples of shooting star candlesticks.
As shown in the above image, during a moderately bullish market, a shooting star pin bar appeared, and the market instantly began to reverse direction, dropping sharply.
Third point: Develop trading strategies.
Once you learn how to find pin bars, the next step is to learn how to enter the market and make money! Those who know how to buy are students, while those who know how to sell are masters.
A complete trading system includes the underlying asset, position size, direction, entry point, stop-loss point, take-profit point, countermeasures, and follow-up...
Let’s discuss one by one.
Underlying asset, position size, direction; I don't need to say more.
Let’s focus on how we should quickly seize the opportunity to enter when we discover an effective pin bar pattern.
There are generally two types.
1. Breakout entry, reverse break signal for stop loss, stop loss if retracement exceeds signal by 50%, set profit target at equal distance from the pin bar or moving stop loss.
2. Enter at a 50% retracement signal, use reverse break signals for stop loss, and set profit targets at equal distances from the pin bar or move the stop loss.
Let's provide examples:
We can verify one by one in the first part of the real trading above.
So when should we take profits?
Remember two points:
1. The risk/reward ratio must be greater than 1:1.5.
2. At least capture the price points from the highest to the lowest of the pin bar.
What does it mean for the risk/reward ratio to be greater than 1:1.5?
Every time I invest capital in trading, I can only lose 1 yuan, but I must earn at least 1.5. This is a risk/reward ratio of 1:1.5.
If you encounter an excellent bullish entry opportunity, the entry price is 2000, and the stop-loss price is 1900, then your profit target should be at least above 2150.
As long as your risk/reward ratio is strictly maintained above 1:1.5 long-term, you only need a 40% win rate to ensure you make money 100%. Moreover, the strategy I taught you today has a winning rate of up to 90%.
I know you may have some knowledge of the technology, knowing that pin bars can be subdivided into engulfing patterns, inside bar patterns, hanging man, graveyard doji, dragonfly doji, morning star, evening star, etc. However, as my title states, this strategy is suitable for beginners; you don’t need to remember so much or make it too complicated. Simplicity is the essence.
This pattern is indeed rare; for example, in Bitcoin, it occurs 1-2 times a week, which is not a problem. The goal is to reduce trading frequency. If your skills are lacking and you trade frequently, you will likely face severe losses!
So how should the second point be understood?
At least capture the price points of the amplitude of a single pin bar.
As shown in the above image.
After calculation, the amplitude of a single candlestick = highest price - lowest price.
The amplitude of this pin bar is 4833 points, so if you go long here, you must at least capture 4833 points upwards.
But the actual situation in this case was that it rose nearly 10,000 points.
Both of these profit-taking methods are relatively common, and the market is likely to visit these levels.
Another situation is that the market sometimes surprises you. You clearly only want to capture 2000 points, but the market gives you 5000 points, yet you have already taken profits and feel regretful. For such situations, you can learn a more advanced profit-taking method: three-line profit-taking method! (Moving stop loss)
I worry that too much information may affect digestion; after all, reviewing requires time. We will not discuss the three-line profit-taking strategy today, but will later dedicate a separate article to explain it in detail. I hope you can follow me in time to receive notifications promptly.
Of course, there is no holy grail in the trading market. The pin bar strategy I discussed today also has its failures, so entering carries risks, and trading should be done with caution!
But I think it is sufficient for beginners; you must strictly follow stop-loss rules.
Crypto advice:
1. Do not easily throw away bull coins; prioritize bull coins, engage in both hot and strong coins, investing and speculating both are appropriate.
2. The most important thing for a trader is the ability to adapt in the market.
3. Qualitative analysis must be done well. Qualitative analysis in large cycles, choosing coins on the weekly chart, identifying on the monthly chart, and tracking on the daily chart.
4. Follow the rules, use Bollinger Bands or moving averages that you think are feasible to analyze the market.
5. Ability has no tricks, all depends on technical precision, repeating successful experiences, making profit a habit, and consistent earnings are more important than huge profits.
The secrets of martial arts have been given to you all; whether you can become famous in the world depends on yourself.
I am A Xin. If you don't know what to do in a bull market, click on my avatar, follow me for bull market spot planning, contract passwords, and share for free.
