It is now 2025. Domestic ETFs have all been approved. Globalization is inevitable. Many US merchants are trying to scare you, causing panic, using common tricks that you should not pay attention to. The key is to consider how to enhance your ability to earn more money in the cryptocurrency market before thinking about cash withdrawal.
When you earn a significant amount of money, your circle changes, and naturally, it resolves the issue of cash withdrawal.
Next, let me talk about how to earn a significant amount of money in the cryptocurrency market!
Let me introduce myself. I was born in 2002 and entered the cryptocurrency market in 2013. I really started having fun in 2016, and in 2017 I caught the big bull market, earning my first 10 million right from the start. Afterwards, I got carried away, lost all my earnings, and also lost over 3 million of my parents' hard-earned savings. I borrowed 5 million from relatives and friends to trade, and I lost all of it, paying the tuition fee to the market. In total, I lost over 8 million. My family was almost on the brink of collapse. My beloved wife was constantly arguing with me about this, threatening divorce. Under such pressure, I considered jumping off a building a few times. Thankfully, my willpower remained strong, and I believed I could earn it back!
After a few years of adjustment, I started to quit my job and trade cryptocurrencies. I swore to my wife that if I didn't earn it back... I then began to fully invest, summarizing the mistakes I made earlier, observing the thoughts and techniques of trading masters. Eventually, I started stabilizing. Recovering from losses to profits is truly not easy! The account began to break even, combining contract and spot trading. It was no longer blind quick entries and exits, but rather planning the account well; combining mid and short terms was the best way to compound profits!
Later, I secretly borrowed 200,000 from my in-laws while keeping it from my wife. I used two years to turn that 200,000 into a net worth of millions. Now, I have several small goals. Since then, my wife looks at me differently, and from the moment I started making money, I became assertive. My wife became like a good baby, obedient and compliant with me!
Regarding my own experience, divided into four phases along the timeline.
Phase One (16-17). The ignorant are fearless, making money to the point of losing reason. I entered the cryptocurrency circle in 2016 (started getting in touch in 2013), catching the big bull market of 2017. With a principal of 100,000, I peaked over 10 million. Two coins left a deep impression: one is GXS, participating in the private placement of 2 BTC when BTC was 6000 each, starting at 3 million. The other is AntShares (later renamed NEO), bought 10,000 coins at 1 each, which peaked over 1000, exceeding 10 million for a single coin. Then I got carried away, feeling invincible, thinking I should set a small goal of making 100 million, and once I hit that, I'd stop playing. And then... it turned into a story of a person full of desire, feeling invincible, being thoroughly taught a lesson by the market.
Phase Two (18-19). Reflecting on oneself, starting anew. In 2018, the market entered a downward cycle. Watching my hands full of knockoffs and a bleak future, my mood hit rock bottom, and every day I would berate myself. But the market won't open a backdoor because of your pain. Therefore, this stage is more about self-reflection and understanding the market. After some time of adjustment, I realized two truths. First, no one is superior; we are all ordinary people. The reason for making money in 2017 was not because of superiority, but simply because the market was too good, and I was lucky enough to be on the right trend, to put it bluntly, I was a pig on the wind, and taking off was inevitable. The second truth is about capital control. Small funds have their way of playing, and large funds have theirs. You can't play with large funds using a small fund's mindset, or you'll end up suffering greatly. After understanding this, I gathered my mood and started a new allocation of the chips I held, clearing out most of the knockoffs and replacing them with BTC, ETH, and USDT.
Phase Three (20-21). Reasonable allocation, timely profit-taking. After a complete bull and bear market, the mindset has become much calmer. Moreover, since the cryptocurrency market has entered a rising cycle again, assets have started to appreciate continuously. At this time, what I do more is actually profit-taking and continuous reallocation. So relatively speaking, it hasn't been as intense as in 2017. Perhaps because I’m older now, I feel that simplicity and plainness are what truly matter.
Phase Four (22-?). Cultivate inner strength, believe in the future. I firmly believe in the future of the cryptocurrency market, and surpassing previous highs is inevitable. For now, we just need to do one thing: do not exit the market, and persist in holding quality assets. The future will surely yield abundant returns.
(The Six Iron Rules of the Cryptocurrency Circle)
I. Only participate in the market's irreversible upward trends.
Only participate in the market's irreversible upward trends. The market is a fact; it is unquestionable and unchallengeable. Trends are irreversible; as investors, you must dare to admit mistakes, correct them at any time, refuse uncertain trends, and do what the market makers must also comply with.
II. Refuse frequent trading.
The casino is open 24 hours; there is no need to trade frequently. There are many logics such as timing, trial and error, and position control. We advocate waiting patiently for the perfect opportunity like a hunter, rather than blindly investing as soon as we see prey.
III. Don't blindly trust technical indicators.
First, we must acknowledge that any technical indicator has its lag. For example, when the MACD indicator issues a golden cross buy signal, the coin has already gone up a wave. When the golden cross occurs, you may very well be the one buying at the peak!
IV. Buy and forget the cost price.
When you start shorting or going long, your cost price has no relation to any subsequent actions, as whether to sell depends on the market trend, and it has nothing to do with whether you are still profitable. If the trend is good, continue holding; if the trend turns bad, reduce your position or even liquidate.
V. Participate with funds you can afford to lose.
Use spare money for cryptocurrency trading; investing carries risks. Investors can increase their investment after mastering the tricks of profitable gaming. Before that, always participate with funds you can afford to lose; borrowing money often leads to disastrous losses!
VI. Ensure that profits are withdrawn in a timely manner.
Without cash withdrawal, everything is just numbers. Cryptocurrency investors are like gamblers who haven't left the casino; even if they temporarily earn a lot of money, they still cannot be considered winners. Only when you extract cash from the market can you say you laughed last. In the cryptocurrency market, timely withdrawals are a good habit.
From losing 8 million to currently having over 200 million in wealth, mastering the wealth code technology -- mastering the technical indicators MA and MACD, BOLL, and RSI, easily making tens of millions! (Pure dry goods, suitable for everyone, easy to learn and understand) Must collect!
I. Explanation and application of the MA moving average indicator.
The MA indicator, also known as Moving Average, calculates the average price within a set number of periods. For example, MA5 represents the average price of 5 time periods (including the current one) of the candlestick chart, regardless of whether it’s on a minute, hour, or daily level. The smaller the MA number, the more sensitive the fluctuations, focusing more on short-term changes. In contrast, the larger the MA number, the slower the fluctuations, focusing on long-term changes.
Set the MA numbers according to your preferences. Here I share two MA trading methods I commonly use: the Vegas Channel and the Squeeze Channel.
Vegas Channel
Vegas Channel, its simplified explanation is to use the 144-day and 169-day moving averages to determine medium to long-term trends. This method is not suitable for periods shorter than 15 minutes and is intended for use in periods of one hour or longer.
Why use these two moving averages?
Upon careful observation, we see that 144 and 169 are the squares of 12 and 13 respectively. Their principle implicitly contains Gann's square theory and Fibonacci sequence. The number 144 originates from Gann's square theory, while the number 169 is the square of the Fibonacci number 13. Only when these two combine can we achieve better application effects in practice.
A brief explanation:
Taking the 4-hour trend of OP as an example, we find that when the 144-day moving average crosses above the 169-day moving average, it forms a golden cross (the golden cross represents the 144 moving average crossing above the 169 moving average), indicating a bullish outlook in the medium to long term. You can try to enter the market, while when the price reaches the top, the 144 moving average crosses below the 169 moving average, forming a death cross (the death cross represents the 144 moving average crossing below the 169 moving average), indicating a wait-and-see stance in the medium to long term.
Someone might ask, isn't that too absolute? What about the back-and-forth golden crosses and death crosses of moving averages before the consolidation? This is just gambling!
My advice is that since the 144 moving average and the 169 moving average cannot determine short-term trends due to their lag, we can add the 7 and 14-day moving averages for auxiliary judgment of short-term trends. Let's magnify the trend of OP, using larger MA moving averages to judge medium to long-term market changes, and then confirming through smaller MA moving average golden crosses for secondary confirmation to maximize certainty.
The Vegas Channel is used to judge medium to long-term trends. Due to the lag in the Vegas Channel, it still requires pairing with short-term moving averages for auxiliary verification. In a strong market, the 144 and 169 moving averages must trend upwards. If the price consolidates around the 144 and 169 moving averages, it indicates a weak short-term market, making it unsuitable for entry. At the same time, the 144 and 169 moving averages offer good support and resistance, making them suitable for ultra-short-term rebound operations.
Squeeze Channel
Squeeze Channel mainly derives from the squeeze theorem in mathematical calculus. Its simplified explanation is that if a function is 'squeezed' by two other functions near a certain point, and these two functions have the same limit, then the limit of this function will also approach the same value.
In secondary market trading, we can also use a similar squeeze theorem model. We can simplify it to two moving averages, 111 and 350. Due to the longer cycle of the 350 moving average, it is recommended for use in short-term trading.
Why these two moving averages?
Dividing the 350 by the 111 moving average gives us a number closest to pi, approximately 3.15. Or, we could say that dividing 350 by 3.14 gives the closest number, which is 111.
Example explanation:
Taking the 1-hour trend of TRB as an example, when the blue line (350) is above and the yellow line (111) is below, forming a triangle shape, it represents a successful 'squeeze'. After success, the subsequent trend is bullish. However, it should be noted that for a correct 'squeeze' pattern, the 111 moving average must cross above the 350 moving average. If only one side crosses, it does not count.
This channel is suitable for 1-hour and 4-hour levels, but its accuracy is generally average. However, once successful, the future trend will be a super significant market condition. Therefore, when a squeeze pattern appears, we should pay extra attention and can use other technical indicators for auxiliary judgment.
Advanced use of MACD and MA.
Besides the basic uses of MACD and MA, merely knowing these is far from enough. Ultimately, these technical indicators can all be found through public information, and many market makers will deliberately create 'fake trends' to make you think you’ll miss out if you don’t buy in. In reality, this is a trick to lure you in.
How to prevent and identify these 'fake trends'?
Fake trends mainly guide newcomers to enter via the MACD golden cross. Taking the BB's 15-minute trend as an example, when the 15-minute trend breaks a new high, it quickly drops. When MACD enters a death cross, it indicates the beginning of a pullback. However, during the pullback, the trend is rapidly recovering, even approaching the previous high, but at this moment, the MACD has just started its golden cross. We can understand this trend as 'ability unable to keep up with desire'; that is, the price has rebounded to the previous high, but the MACD has just crossed. More than 80% of such trends will turn out like this image, appearing strong but soon softening.
Next, taking the 1-hour trend of ETH as an example, the MACD golden cross occurs, with green bars rising sharply, and the price follows suit. This rise represents a quality increase, indicating an entry point. Afterwards, the price enters a consolidation phase, and the MACD turns into a death cross. After adjustment, the MACD enters a golden cross, but the increase and trend do not continue as before, showing weak upward momentum. This 'holding one breath' state is very dangerous; although the MACD is in a golden cross, the strength is weak, and the longer this state persists, the more dangerous it becomes. When the price breaks a new high but the MACD does not reach a new high, we call this 'top divergence', which is a strong sell signal. Similarly, when the price breaks a new low while the MACD does not reach a new low, we call this 'bottom divergence', which is a buy signal.
Boll and RSI indicators.
BOLL (Bollinger Bands)
BOLL was designed by US stock analyst John Bollinger based on the principle of standard deviation in statistics. I personally believe it is very useful in secondary trading on blockchain.
BOLL consists of three lines: upper band, middle band, and lower band. The three lines of Bollinger Bands respectively signify resistance and support. When several reach the upper band, they may pull back due to resistance. When reaching the lower band, they may rise due to support. When the stock price rises above the upper band, it indicates overbought conditions with a possibility of a pullback, also indicating that the stock is strong. Conversely, when the stock price drops below the lower band, it indicates oversold conditions, also indicating that the market is extremely weak. When the stock price falls from the upper band to the middle band, the middle band acts as a support. If it breaks below the middle band, it then becomes a resistance level. Similarly, when the stock price rises from the lower band to the middle band, it also encounters resistance. Breaking and stabilizing above the middle band indicates that the resistance level turns into a support level.
Here are 10 golden basic rules for Bollinger Bands, which are very important:
1. Price breaking out of the upper band, beware of a pullback.
2. When the price falls below the lower band, beware of a rebound.
3. Strong market trends always stay above the middle track.
4. Weak market trends always stay below the middle track.
5. A narrowing upper and lower track hides a sudden change.
6. The wider the opening, the greater the market momentum.
7. The middle track guides the trend direction.
8. A sudden closing of the channel indicates a reversal.
9. The channel suddenly opening indicates a consolidation.
10. The longer the channel narrows, the more obvious and drastic the future changes.
Example explanation:
Taking the 1-hour trend of BTC as an example, BOLL mainly consists of three lines: the upper band, middle band, and lower band. When the price exceeds the upper band, it indicates overbought conditions with a high probability of a pullback. When the price drops below the lower band, it indicates oversold conditions with a high probability of a rebound.
Continuing with the 1-hour trend of TRB, when the BOLL band narrows, it indicates that extreme market conditions will occur. However, BOLL cannot accurately determine the specific direction and requires other indicators for auxiliary judgment. The longer the narrowing time, the shorter the BOLL band, indicating that future market conditions will be more intense. At the same time, in a strong upward market, BOLL will gradually rise along the middle band, while in extremely strong markets, BOLL will continue to rise above the upper band. Conversely, in weak markets, BOLL will decline along the middle band, at which point the middle band shifts from a support position to a resistance position. In extremely weak markets, BOLL will continuously fall below the lower band.
RSI (Relative Strength Index)
RSI (Relative Strength Index) operates by calculating the amplitude of stock price movements to infer the strength of market trends and predict whether trends will continue or reverse. The RSI value fluctuates between 0 and 100, meaning the price will not exceed this range. We can simplify this as follows: when RSI reaches 70, it indicates overbought conditions and increased risk of a pullback, while when RSI drops below 30, it indicates oversold conditions, suggesting a possible rise.
Example explanation:
Taking the 1-hour trend of BTC as an example, when the RSI drops below 30, it indicates a need for consolidation and pullback. However, this pullback is not absolute and only signifies that the market is weak, which cannot serve as a direct basis for buying. Additionally, when the RSI breaks 70, it indicates overbought conditions, suggesting potential pullback risks. However, this still cannot serve as a basis for buying or selling, only as auxiliary judgment. Note: In extreme market conditions, RSI can reach 99 or 1, so do not use RSI as the primary basis for judgment.
Continuing with the 4-hour trend of EDU, after the RSI breaks 70, it continues to rise, ultimately reaching 99. Therefore, we cannot use the method of buying at 30 and selling at 70. We need to assess the nature of the stock/coin, whether it is small-cap, MEME-type coins, or heavily controlled coins. Compared to blue-chip coins, the RSI judgment for other small coins may need to be elevated to ranges of 90 and 10, rather than 30 and 70; this requires personal judgment.
III. Variations of Flag Consolidation
Flag consolidation, also known as triangular consolidation, is judged not by indicators but by the changes in the K-line trends. We can summarize it into 16 common basic change types. If you see a similar trend, you can buy in, with a generally high success rate and an optimistic outlook ahead. However, there are also times when it fails. It is recommended to buy at the low points of the flag, and when breaking through the triangular area to rise, the breakthrough area becomes a support position, allowing for intervention near the support during subsequent declines.
Example explanation:
Taking the 15-minute trend of APT as an example, its trend perfectly replicated the third and tenth patterns shown above. However, it should be noted that this is just a successful case. Many market makers and operators will intentionally create similar charts to mislead you into buying. We need to be cautious and identify such deceptions, or set stop losses in time.
Again, taking the 1-hour trend of TRB as an example, we observe that TRB successfully utilized the three-week flag consolidation pattern, achieving a threefold increase in a week. Therefore, when we see similar trends in the market, we can draw them out for verification.
Remember these 15 points when trading cryptocurrencies to help you avoid detours in the crypto world!
1. Luck and hesitation: Luck is the culprit that increases risk, while hesitation can lead to missed opportunities.
2. If long-term is gold and short-term is silver, then swing trading is diamonds.
3. Never carelessly go all-in; this helps maintain a calm mindset and allows you to attack when the opportunity arises and defend when necessary.
4. Eat the middle section of the fish; leave the head and tail for others.
5. Frequent operations will certainly lead to complete losses; hesitation will slowly bleed you.
6. The mindset in trading cryptocurrencies comes first, strategy second, and technical skills only third.
7. The market arises in despair, develops in hesitation, and ends in madness.
8. Greed is the eraser of profits; greed and fear are major taboos in investing.
9. Opportunities arise from declines; trading cryptocurrencies is trading the future; cash is king.
10. Buying relies on confidence, holding relies on patience, and selling relies on determination.
11. There are no absolutely accurate indicators; only retail investors with partial understanding. Indicators are useful for those who know how to use them, but harmful to those who do not.
12. Not using stop losses when trading cryptocurrencies will definitely lead to substantial losses.
13. When others are fearful, we should be greedy; when others are greedy, we should be fearful.
14. Beginners look at price, veterans look at volume, and experts look at momentum.
15. Preserve your principal, control risks, earn profits, and maintain long-term stable gains.
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