Eight years in trading cryptocurrencies, from a debt of 3 million to a profit of 30 million, my eight trading secrets! $BTC
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After eight years of struggle in the crypto world, I started with an initial capital of 8000 yuan, once earning nearly 10 million in a big market, but also lost my savings and went into debt of 3 million due to blind operations in just two years. Later, with a borrowed 150,000 yuan, I made a comeback, and now I have successfully achieved a profit of 30 million.
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The blood and tears of these years have condensed into eight trading secrets, which I share with everyone to help you avoid investment pitfalls! $ETH
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Secret One: Deeply interpret market signals; candlestick patterns are key
• A hammer candlestick with a long lower shadow: may indicate a bottom reversal signal.
• An inverted hammer candlestick with high trading volume: increases the risk of a top reversal.
• A engulfing pattern appears: indicates that the original trend may reverse.
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Secret Two: Skillfully use technical indicators to assist decision-making
• MACD indicator: bullish on a golden cross, bearish on a death cross, beware of divergence phenomena.
• RSI indicator: overbought and oversold areas are important references for buying and selling.
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Secret Three: Cross-cycle analysis to improve win rate
• 5-minute chart: capture short-term entry opportunities.
• 15-minute chart: grasp short-term price trends.
• 4-hour chart: determine medium-term trend direction.
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Secret Four: Strictly execute stop-loss and take-profit
• Taking profit and stop-loss is the lifeline of trading: when reaching preset points, never hesitate, avoid emotional interference in trading.
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Secret Five: Scientific and reasonable position management
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Pyramid building method:
1. Price breaks through key resistance: enter with a light position
2. Pullback confirms support: moderately increase position
3. Trend is clearly established: add position
Risk control rules:
• Price breaks below important support: immediately reduce position
• Reversal signal appears: decisively clear position
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Secret Six: Go with the trend, do not operate against it
• In an upward trend: mainly go long, pullbacks are buying opportunities.
• In a downward trend: mainly go short, rebounds are selling opportunities.
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The other two major secrets will be updated on time tomorrow, remember to follow!
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