If you execute cryptocurrency trading this way, earning 1 million is achievable.
Type 1
1. Work hard for two months to increase your capital to around 10,000.
2. Buy coins when Bitcoin+ is above the MA20 on the weekly chart; buy two to three coins, and they must be new coins, hot coins during a bear market, such as APT* before it rises. It has emerged from the bear market; as long as Bitcoin rises a little, it can take off, like OP. Just remember to have momentum and a story to tell.
3. If Bitcoin falls below the 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 deposits, invest 10,000, and you can afford to fail three times.
4. If you buy a coin like APT, aim to sell it when it reaches about 4-5 times your investment. Continuously execute your strategy, and remember that with small capital, you must buy new coins and avoid buying ETH+ and BTC+. Their gains cannot support your dreams.
5. If you transition from a bear market to a bull market, aim for three times 5 times, which is about 125 times. This period can range from one year to three years. You have three chances to fail; if you fail all three times, it indicates you do not have the ability, so stay away from this circle, keep away from investments, and do not fall into contracts.
In summary, remember to enter the market when it’s time, exit when it’s time, and have patience.
Type 2
1. Add individual coins with rising percentages over the past 11 days to your watchlist, but be careful to exclude any coins that have fallen for more than three days, so as not to miss out on benefitting from those that have already exited.
2. Open the candlestick chart and only look at the MACD golden cross on the monthly level for coins.
3. Open the daily candlestick chart, focusing on a single 60-day moving average. As long as the coin price pulls back to near the 60-day moving average and a voluminous candlestick appears, it is the best time to enter heavily.
4. After entering, use the 60-day moving average as a standard. If it’s above the line, hold; if it’s below the line, sell. This is divided into three details: when the wave gains exceed 30%, sell one-third.
② When the wave gains exceed 50%, sell one-third.
3. This is the most important and core factor that determines whether you can profit. If you buy on a certain day and the next day an unexpected situation arises, causing the coin price to drop below the 60-day moving average, then you must exit entirely without any sense of luck.
Although the probability of breaking below the 60-day line using this method of selecting coins by combining monthly and daily lines is very low, we still need to have risk awareness. In the cryptocurrency circle, protecting your principal is the most important matter. However, even if you have already sold, you can wait to buy back again when it meets the buying conditions.
Ultimately, the difficulty in making money is not the method but the execution.
A trading system is a weapon that allows you to achieve stable profits. It can help you identify key levels, discover entry signals, and find trading opportunities that can make you money.
The tips for trading in the cryptocurrency market are as follows:
Tip 1: Don’t sell if it doesn’t peak, don’t buy if it doesn’t drop, and don’t trade during sideways periods. Stick to buying on dips and selling on rises; going against the market is heroic.
If you encounter high and low consolidation, it may be best to wait a little. After a high-level consolidation, if it surges, make sure to seize the opportunity to sell quickly; if it consolidates at a low level and sets new lows, this is an excellent time to buy in fully. I hope these tips are helpful to everyone.
Tip 2: Consider buying when there is a significant drop in the morning and sell when there is a significant rise. It is not advisable to chase up in the afternoon, but you can consider buying the next day if there is a significant drop in the afternoon. Do not cut losses during a morning drop; take a break when there is no significant movement.
The four major shortcuts to financial ruin are:
1. Blindly chasing highs and cutting losses; 2. Getting involved in futures leverage; 3. Engaging in margin trading; 4. Frequently executing short-term trades.
The four major roads to reaching the peak of life are:
1. Work diligently; 2. Invest with spare money; 3. Buy at the bottom and hold long-term.
Make money when prices rise and earn coins when prices fall. As long as you hold onto them without selling, you won’t incur losses. Always remember: never go all in.
Ordinary people have the possibility to turn things around by trading cryptocurrencies, but there are also high risks involved. Successful cryptocurrency trading requires in-depth market knowledge, technical analysis skills, and capital management techniques.
Step 1: Select coins on the leaderboard.
First, look at the coins on the leaderboard and select those that are performing well to add to your watchlist. However, if a coin has dropped for more than three consecutive days, try to avoid it. This is because the funds have already left, and such coins do not have much opportunity.
Step 2: Observe the MACD golden cross.
Then, open the candlestick chart and focus on the MACD golden cross at the monthly level. Such coins are relatively safe and align with the rising trend.
Step 3: Look at the daily line and the 60-day moving average.
Look again at the daily candlestick chart, paying special attention to the 60-day moving average. When the coin price pulls back to near the 60-day moving average and a voluminous candlestick appears, it is the best time to buy heavily.
Step 4: Hold and sell.
Once you buy, remember to use the 60-day moving average as a standard. If the price is above the line, continue holding; if it drops below the line, sell.
Three small details to pay attention to:
Sell one-third of your position when the gain exceeds 30%.
Sell one-third of your position again when the gain exceeds 50%.
The most crucial point: if the coin price drops below the 60-day moving average the next day, sell everything without hesitation. Don’t think that the price will rebound; the market is not that simple.
Although this situation does not occur frequently, it is essential to have risk awareness. In the cryptocurrency circle, protecting your principal is the most important thing. If you sell and it meets the buying conditions again, wait for the opportunity to re-enter.
Most importantly, stick to executing the method. Especially, "If the price drops below the 60-day moving average, exit entirely." Not many can do this, but it is the key to whether you can profit.
Remember, we come to the cryptocurrency market to make money; we cannot treat it casually. We must take it seriously to truly earn money.
1. Preface.
The bull triangle flag is a chart pattern that forms during price corrections and is considered a powerful and adaptive technical analysis tool that provides investors with an opportunity to buy at relatively low prices during a rising market trend.
In this guide, the goal is not to elaborate on the fundamental concepts of the bull triangle flag; instead, this article aims to teach you how to use this chart pattern for trading to achieve profit in the market. After reading the complete content, you will grasp practical knowledge on applying the bull triangle flag pattern for market operations immediately.
2. What is the bull triangle flag pattern, and how does it compare to other patterns?
First, I believe you already have some understanding of the symmetrical triangle pattern. However, there are significant differences between the bull triangle flag and the symmetrical triangle. In short, this difference mainly lies in their duration.
In addition to solid techniques, I strictly adhere to the following 10 trading rules:
1. Better to miss out than to make a mistake.
As I have shared before, there are no good seeds, only good entry points! Because the entry point directly determines the exit point and how much profit you make. Therefore, in my operating process, the entry point is absolutely crucial. Some stocks may show strong upward potential, but if there is no entry point, you can only miss out or participate with a small position. If there is no entry point, it indicates that the entry cost is higher than others, making it easy to help others lift the price in the short term. If the funds are large, even a slight pullback can make you feel uneasy. So, either miss out or wait for a good entry point after a retracement.
2. Always leave yourself a way out.
Everyone is the same; at the beginning, we were blinded by greed, and when we acted, we went all in, often believing we were very confident. As we gain more experience, we realize that there are often many unexpected situations. Although the overall direction is correct, our anticipated entry points often deviate from reality. When the capital is small, position management problems do not stand out, but when the capital is large, position management becomes evident. Going all in often results in being caught in short-term losses, significantly affecting trading emotions. Therefore, at all times, you must have a medium to long-term position strategy, and even with 200% confidence, do not go all in; leave yourself a way out!
3. Earn your share of the profits.
Drowning in a sea of choices, I only take a scoop. Most stock traders, when they start trading cryptocurrencies, want to capture every price movement. They aim to catch every rise and avoid every fall. After years of experience, they end up with nothing and learn the hard way to focus on one pattern. I focus on identifying bottom patterns, so my sharing is centered around bottoms. Once a bottom is identified, I will look for accelerating upward patterns. We can open any candlestick pattern and list the patterns that can be profitable, selecting one that is commonly seen. Then, stick to that one pattern, and over time, it will become your cash cow because you are aware of most of the traps involved and the opportunities they entail, making it easier to earn your share of profits, which is also the purpose of coming to the cryptocurrency market.
4. The more you lose in trading cryptocurrencies, the more careful you should be in averaging down.
There are many traps in the cryptocurrency market. Many traders become very anxious when they are stuck, and instead of thinking about exiting, they keep averaging down, trying to recover their losses with a surge. This actually goes against common sense. The process of decline cannot be reversed in a day or two; averaging down is just self-comfort. The more anxious you are, the more prone you are to making mistakes, leading to regret. Why would you dare to average down at this position?
5. Strictly enforce operational discipline.
Many cryptocurrency traders will formulate detailed plans before the market opens, such as when the overall market drops to a certain point before taking action and at what price individual coins can be bought. However, during trading hours, they are often easily influenced and tempted. If you cannot execute your own plan properly, you are not trading in the cryptocurrency market but in a casino; 80-90% of trades at that moment are wrong.
6. Do not become emotionally attached to any asset.
If you fall in love with the asset you are trading, it can easily lead to decision-making errors. Excellent traders use efficiency and rules to make money, giving themselves an advantage because most people's trading behavior in the market is driven by emotions. "Be a trading machine without emotions" can ensure decisiveness and principle in trading. Many traders suffer heavy losses because they easily become emotionally attached to certain altcoins, teams, or projects. This is acceptable for medium to long-term investors but poses a potential disaster for short-term traders.
7. Maintain simple trading rules.
Traders usually combine various indicators, news, and candlestick patterns to try to find convergence points suitable for trading. This is not a problem in itself, but be careful to avoid over-analyzing, which complicates issues. In fact, when a candlestick pattern that fits your system appears on the chart, you can start trading. At the same time, make sure to set stop-loss limits and position control, which is particularly important.
8. Only trade with the correct mindset.
When you feel angry, tired, or stressed about something, do not trade; your mindset will affect your judgment. The key to maintaining a good mindset is to have other daily activities outside of trading. For example, fitness, reading, and spending time with family and friends can help cultivate the correct trading mindset.
9. Don’t forget that technical analysis is a probability game.
Technical analysis is not absolutely correct; it is essentially a probability game. This means that no matter what technical method you use to formulate strategies, you cannot guarantee that the market will operate as expected. Technical analysis is merely a forecast and should not be treated as a deterministic event.
No matter how rich your experience is or how brilliant your track record is, you cannot assume that the market will follow your technical analysis. If you hold this mindset, it is easy to overbet on a preset, leading to excessive risk exposure; the market will teach you a lesson at any moment.
10. Be strict with yourself.
Overcoming oneself is difficult. On sunny days, I feel I can understand my own flaws and thoughts to avoid being too realistic. Trading doesn't have to be that complicated; it just needs to be simple and effective. When trading cryptocurrencies, you need to find suitable trading principles based on your own characteristics and strictly implement them. Discipline and mindset control are more important than improving technical skills; only by doing so can you survive in the market for a long time.
The most important thing in investing is to avoid failure, not to seize every success. The same goes for trading; it’s better to let go than to make a mistake. Sometimes, waiting is also a form of profit.
