The first bucket of gold earned from trading cryptocurrencies. Starting with a principal of 60,000, gradually rolling the funds up to over 5 million using this method to master buying and selling points, summarized as follows:
1. Those who can buy are apprentices.
The best operational method in the cryptocurrency circle is:
a. Regardless of bull or bear markets, 5 layers of positions should be in BTC and ETH, with the remaining 5 layers taking big opportunities.
b. When the bull market returns, many altcoins are discounted to 10% or even 1%, at this time it’s very cheap to buy some promising altcoins with broad consensus, then wait for the bull market to arrive.
c. During the bull market, various hot topics emerge, such as artificial intelligence, gamefi, RWA, public chains, and platform tokens. You can participate in the hot speculation with a small amount of funds, and after making over 5 times profit, take profits in time, converting everything into BTC and ETH, clearly distinguishing between what is "making a living" and what is "just playing around."
The essence of finance is a Ponzi scheme; when the tide goes out, you will know who is swimming naked.
2. Those who can sell are masters.
When trading cryptocurrencies turns you into a shareholder, never think you can sell at the highest point; the highest point is only known after the fact. Two relatively reliable selling methods are: target profit-taking method and technical indicator method.
Target profit-taking method: Contentment is happiness; money cannot be earned endlessly. Nothing can rise to the sky; ups and downs are the essence of the trading market, and everything has a cycle. Set your profit target or expected price, and place a limit order in advance. For example, if buying a house this year requires 1 million, then set the price to earn 1 million, and place the order in advance to execute automatically once the target is reached.
Technical profit-taking method: Set MACD to (12,26,9), choose the 5-day moving average and 7-day moving average for the K-line chart. When the 5-day moving average crosses down through the 7-day moving average forming a death cross, and the MACD's DIF line crosses down through DEA forming a death cross, it indicates that a significant drop is about to start.
Taking ETH as an example, ETH had significant drops on December 4, 2021, September 7, and May 13, where this theory still proves to be quite accurate.
3. Only those who can remain in cash are the founders.
In a bull market, firmly hold onto coins; in a bear market, firmly remain in cash. The highest realm of trading is to be in cash.
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