After I lost all my money, I felt a bit desperate, going through half a year of trials. During this time, I camped almost everywhere, just wanting peace and quiet, not wanting to talk or do anything, until once while fishing, I met an elderly fisherman at the reservoir. I asked him if there are big fish in this reservoir? He said: Yes. You just have to wait, it takes a while, if you fish every day, you'll definitely catch something. At the time, I didn’t pay much attention, but later I thought about why I lost money. Was I too aggressive? Suddenly I had a bit of inspiration, and half a month later I came back and analyzed all my trading records. Finally, I changed my strategy. I borrowed 200,000 with collateral, put in nearly 30,000, and re-entered the cryptocurrency circle. In the end, I made 8 million, and along the way, I summarized the ten essential methods for trading cryptocurrencies. I share this with everyone! I hope everyone can avoid detours.

Method One: Understand market sentiment, trading volume is key

Volume without price drop: Trading volume increases but price doesn’t drop, which might be a signal of a price stabilization.

Volume without price increase: Trading volume increases but price doesn't rise, short-term may have peaked.

Sustained volume increase during price rise: During an upward movement, trading volume needs to steadily increase; if it suddenly decreases or spikes, the rise might be ending.

Key level volume increase during a drop: During a decline, if a key position breaks out with volume, the downtrend may continue.



Method Two: Key points determine buy and sell

Resistance levels, support levels, trend lines: Act quickly when price reaches these points!

Golden ratio: I use it to predict resistance and support, and it works very well.

Method Three: Monitor multiple time windows

1-minute chart: Find entry and exit opportunities.

3-minute chart: Monitor the situation after entering the market.

30-minute/1-hour chart: Judge intraday trend changes.

Method Four: Don’t rush to recover after a stop loss

Stop loss = end of the trade: Each transaction is a new beginning, don’t let previous operations affect your mindset.

Method Five: Simple and practical position management method

Three-position method:

1. Price breaks through the 5-day moving average, buy the first portion;

2. Break through the 15-day moving average, buy the second portion;

3. Break through the 30-day moving average, buy the third portion.

Strict stop loss: Break below the 5-day moving average, sell the first portion; break below the 15-day moving average, sell the second portion; break below the 30-day moving average, liquidate everything!

Method Six: There must be strategies for selling

High position breaks below the 5-day moving average: Sell one portion first and observe the subsequent trend.

Break below the 15-day and 30-day moving averages: Without hesitation, sell everything!

Method Seven: Increasing positions during stagnation/drops is a signal

Increasing positions during stagnation: Price doesn’t rise, positions increase, which may be a short-selling opportunity.

Increasing positions during drops: Price doesn’t drop, positions increase, a rebound may be imminent.

Method Eight: Focus on one asset

Phase focus: For a period of time, only trade one asset, continuously track it, until it no longer has speculative value.

Method Nine: Opportunities are always there, don’t rush to recover losses

Calm after stop loss: Don’t rush to open new positions to recover losses, each transaction is independent.

Method Ten: Stick to the rules, achieve stable profits

Rules are greater than mindset: Strictly follow trading rules, avoid emotional trading, and you can achieve steady profits.

The secret to making a stable income of over 10,000 USD daily from full-time cryptocurrency trading is these ten essential methods! If you can stick to these, making money in the crypto circle is as easy as breathing!

#币安HODLer空投PARTI
Fire Wolf monitors the market daily and shares strategies; any good strategies will be shared with fans.$BTC
Having been through the rain, I want to help newcomers avoid the biggest risks!!!$ETH