A while ago, I had tea and chatted with a big shot in the cryptocurrency circle. He talked about his experience of having a contract margin call three days ago and losing 5kw overnight. I was deeply touched and suffered a huge loss overnight.
He now has a net worth of more than 1 billion, all of which he got from Bitcoin. He shared with me a secret that has a winning rate of up to 90%! He successfully squeezed into the upper class with just this trick (6 types of cross stars + 4 types of combination patterns)!
If your account is less than 1 million and you want to make a profit in the short term, there is indeed a timeless strategy for speculating in the currency circle*, which is also a "fool-proof technique" that has been tried and tested many times. Retail investors can use it at a glance. It is pure dry goods!
Don't worry about whether you can learn it or not. If I can seize this opportunity, you can seize it too. I am not a god, but just an ordinary person. The difference between others and me is that others ignore this method. If you can learn this method, you will pay attention to it in the later trading process.
It can help you earn at least 3 to 10 points more profit every day.
1] Invest in batches: Suppose you have 10,000 yuan, divide it into five parts, and only use 2,000 yuan of it for each transaction
2] Test the waters with investment: first use 2,000 yuan to buy a coin to test the waters.
3. Add more positions if the price drops: If the price drops by 10%, add another 2,000 yuan
4] Take profit when the price goes up: If the price of the currency goes up by 10%, sell part of it in time to lock in the profit.
5 Repeat cycle: Repeat buying and selling until the funds are used up or the coins are sold out
Strategy Advantages: The advantage of this strategy is that you can remain calm even if the price of the currency falls. By buying in batches, you avoid the risk of a one-time investment. Even if the price of the currency falls by half, you only gradually increase your position. And every time you sell, you can lock in a 10% profit. For example, if you have 100,000 yuan and invest 20,000 yuan each time, you can earn 2,000 yuan each time.
Key tips include:
1. Technical Analysis+: Identify trends using charts and indicators
2. Fundamental analysis +: focus on news and macroeconomic factors;
3. Risk Management+: Setting Stop Loss Orders and Diversifying Investments
4. Trading strategies: determining entry and exit points and using different strategies
5. Psychological factors: maintain discipline and patience;
6. Practice and learn: simulated trading and continuous learning
7. Choose a reliable trading platform.
Short-term market speculation is very risky, so be sure to do your research and risk assessment before trading.
To make big money in the cryptocurrency world, you must get rid of these 8 undesirable mindsets
1. Pursue perfection
The pursuit of perfection is a greedy and even extreme mentality. Because of the pursuit of perfection, it is difficult to accept flaws, and it is difficult to bear even a very small stop loss. It is difficult to execute the stop loss. When making a profit, you want more profit, trying to catch all fluctuations and not miss any market.
In fact, everyone has their own limitations and areas that they are not good at. It is this pursuit of perfection that easily leads to frequent and impulsive trading.
2. Get-rich-quick psychology
Normally, most people pursue a winning rate and a balanced position, and the winning rate can make a profit. However, some people go all out and try to make a fortune with a single order. If they bet all their chips on this one time, then you can't stop loss and leave the market. You must hold the order, and the consequences are known. The key to stable profit lies in the long term, not a single time.
3. Fight the market
The market will not change because of personal will. Before entering the circle, everyone has a spirit, that is, to overcome difficulties and fight against difficulties with a strong will. This excellent spirit may make you very good and successful in your industry sector, and have a strong personality, but when the market is not favorable to you, you will not give in, and still fight to the end until you are destroyed.
At this time, you may be defending your own principles of not admitting defeat and not giving up, but you have forgotten the truth of the market. Therefore, trading is also a kind of practice. Only by learning to admit mistakes can you go further.
4. Worrying about gains and losses is even more common. I have seen many cases of fans and friends. They are bullish or bearish, but after entering the market, they stare at the market and watch the fluctuation of their holdings. They are swayed by various emotions, such as temptation, fear, greed, obsession, hope, etc. They are afraid of falling if they go long and rising if they go short. They are anxious and doubt themselves. They have lost their normal thinking and judgment as well as the ability to interpret the market.
It doesn't matter if you are bullish or bearish, or if you gain or lose, as long as you can make a small profit or a small loss within your tolerance range, and don't suffer a big loss. We should focus on the correctness of the process and take the result as it comes. Otherwise, what can you do? Can you decide the result 100%? If you consider the result in advance, it will disrupt the entire trading process and cause losses every time.
Because you are looking at the imaginary results from the perspective of the future, but ignoring the real situation at the moment. Are you itching to open an order, but then regret and feel afraid after opening an order? Do you regret and feel sorry again after closing a position? Over and over again, your principal shrinks and your confidence is insufficient.
5. Fear
You dare not hold the strategy for a long time, you have no confidence in the technology, and you have no confidence in your mentality, because you have lost money and left the market before. The shadow of huge losses makes it difficult to focus on the market, and you can only focus on subjective ideas. You could have earned tens of thousands of dollars once, but you could only get hundreds of dollars. You missed the opportunity to make a lot of money. Next time you may open an order in a bad position, and you may suffer continuous losses and a series of adverse effects.
The solution I can provide is to operate with a light position and move the take-profit and stop-loss. You need to have a clear understanding of yourself, your current technical experience, and your mentality. You should know how much money you are suitable for. Don't be too naive.
6. Emotional imbalance
Every fluctuation in the market will be an emotional reaction of thousands of market participants. Fear, hatred, anger, jealousy, greed, pessimism and despair and other negative emotions will make you lack rationality and fail to accept reality. You will buy higher than others and sell lower than others. Learn to manage emotions and learn to release and vent.
Your failure is nothing more than your carelessness before the accident, your panic after the accident, and your eagerness to make up for the loss after the loss occurred.
I suggest doing this: always respect the market, trade cautiously, and face the market with a cautious attitude; don't be anxious when losses occur, stop, find the reasons, and make improvements; anxiety is the biggest reason for losses, heavy positions are anxiety, no signals are also anxiety, frequent trading is anxiety, and adding positions is also anxiety. It's just greed, and you want to make money quickly.
7. Herd mentality
If you don't have enough quality, then don't discuss the market with others too much. Personalities and methods are different, and the results are also different. For example, even if everyone is in the same position to do more, the exit points are different. Do you understand? If your technology is not mature, you are easily influenced by others. If your technology is mature, you will not be disturbed.
8. Eager to make money
I have a deep understanding of the fact that small cycles can cause losses. I have members who can make 6000% profit in a large cycle, and I also have members who can make 20 times the profit in a month by playing with a small cycle. It seems that the profit of playing with a small cycle may be greater.
But it should be noted that small cycles have higher requirements on mentality, emotions, and technology, because the smaller the operation level, the faster the market changes, the harder it is to grasp, and the easier it is to substitute emotions. If your ability does not support you to play at a small level, then don't play, otherwise you will lose money back and forth, and the principal will be seriously worn out after several cycles, and you may even be killed by orders. As for stop loss, we must stop loss when we should, but we cannot stop loss frequently.
The only thing in the world that can be obtained without work is poverty, the only thing that can be created out of nothing is dreams, nothing can be achieved without action, although the world is cruel, but as long as you are willing to walk, there will always be a way, I am always on the road, waiting for you to walk with me!!!
A personally tested method, using 500,000 yuan to achieve a record of 10 million, using only this one trick (6 types of cross stars + 4 types of combination forms), the winning rate is as high as 99%, suitable for everyone!
Thinking back to when I first entered the trading market, I tried every possible way to find knowledge about this on the Internet, hoping to learn everything as early as possible so that I could start actual practice and start making money as soon as possible.
In the ocean of trading and investment, observing the trend of K-line charts is a necessary skill for every investor. Among them, a special form called "cross star" is particularly eye-catching. Cross star, the basic form of K-line, with its unique upper and lower shadows and no entity, often indicates that the market is about to usher in a turning point. Therefore, it is very important for investors to pay close attention to the cross star pattern in the K-line chart.
Investors often wonder what the significance of the doji is in technical analysis? How can we judge the future market trend based on the doji? The instructor will tell you how to use the doji to trade in the currency circle.
Today, let’s first discuss the 6 types of doji and their 4 combination forms.
1. Grand Cross
Occurrence scenario: It is more common in a large and sustained upward trend or at the end of a decline, and the probability of occurring in a consolidation range is small.
Significance: A strong signal that the market is about to turn.
2. Small Cross
Features: A cross star pattern with extremely small amplitude.
Appearance scenario: often appears in the consolidation market, indicating that the consolidation pattern continues; if it appears at the beginning or midway of a rise or fall, it means that the price is temporarily resting and the original trend remains unchanged
3. Long upper shadow cross
In the middle of a downtrend: the price temporarily pauses, but the downtrend remains unchanged.
High price area after rising: the possibility of price turning to fall is high.
Midway through an upward trend: If a new high is reached the next day, buying is strong and the price continues to rise
Special note: When a long upper shadow cross appears at an upward pressure level, it is a signal that the short side is getting stronger and may reverse, so be vigilant
4. Long lower shadow cross star
Midway through an upward trend: The coin price temporarily pauses, but the upward trend remains unchanged.
Low price zone after a decline: Selling decreases, buying increases, and the price of the currency may rise. However, if a new low is reached the next day, there is a risk of a decline in the future market.
Special note: A long lower shadow cross that appears at a falling support level is a signal that the bullish force is getting stronger and may reverse, similar to the hammer pattern.
The longer the upper shadow, the heavier the selling pressure.
The longer the lower shadow, the stronger the buying below.
The above four are the basic forms of doji, which have important reference value for judging market conditions and formulating trading strategies.
5. Long-legged cross star
Description of the form:
The upper and lower shadows of the long-legged cross star are long, and the distance between the highest price or the lowest price and the closing price is greater than 3%. It is similar to the ordinary cross star, but the amplitude is huge, indicating that the market pattern will undergo new changes.
Market significance:
Especially at high or low prices, a long-legged cross star means that a reversal may occur at any time and is an important indicator for investors to observe market trends.
6. Morning Cross Star
Morphological composition:
It consists of three K-lines. The first day is a negative line with a long body; the second day is a doji that jumps downward and opens low, creating a gap; the third day is a positive line with a long body, and the closing price enters the body of the negative line on the first day.
Market significance:
The morning cross star is a strong signal of a strong trend, and the market will enter a volatile upward trend. Investors should actively select coins and intervene at the right time.
Special Tips:
If the trend can jump upward or Yang covers Yin on the third day, the possibility of a reversal is higher
7. Evening Doji
Morphological composition:
Contrary to the morning cross star, the first day is a positive line with a longer body; the second day is a cross star that jumps upward and opens high, creating a gap; the third day is a negative line with a longer body, and the closing price goes deep into the positive line body of the first day.
Market significance:
The evening cross star is a strong signal of a weakening trend, and the market will enter a volatile downward trend. Investors need to seize the opportunity to take profits or stop losses.
Special Tips:
If the top is an inverted T-line with a middle upper shadow, it is called a "shooting star", which also indicates that the market is about to weaken.
The above four are the basic forms of doji, which have important reference value for judging market conditions and formulating trading strategies.
8. Gravestone Doji+
Morphological definition:
The "Gravestone Doji" is represented by an upward market gap that opens higher than the previous trading day's closing price, and the price falls back after reaching a new high and closes close to the lowest price. If the opening price and closing price are the same, it is called a "Gravestone Doji".
Market significance:
This pattern indicates bearish momentum, especially when the open price is below the real body of the Gravestone Doji, confirming a trend reversal. It is more reliable than the Shooting Star topping signal.
Application scenarios:
The "tombstone cross" that appears in an upward trend often means that the bulls are blocked and the bears may fight back. The longer the upper shadow line, the more obvious the bearish meaning. When the price pressure level appears, the reference value is large, indicating that the bears are strengthening, which is a signal to enter the market.
9. Dragonfly Doji+
Morphological definition:
The Jingting cross star is characterized by the same opening and closing prices, with only a lower shadow, indicating support below. The day's trading is completed at a price below the opening price and closes at the highest price of the day (i.e. the opening price).
Market significance:
The Jingting Doji usually represents a bullish momentum, especially when it appears in the low price zone, indicating that the downside support is strong, which is a positive signal and may indicate a rebound or reversal in the exchange rate.
Application scenarios:
Dragonfly cross star has similar meaning to long lower shadow cross star. If it appears at the price support level, it has great reference value and is a sign that the bulls are beginning to reverse. In contrast to the tombstone cross star, it indicates a bullish or bearish market (depending on the specific situation), with a long lower shadow and the opening/closing price close to the highest point. It appears at the high or low level of the exchange rate, often called a turning point, which means a reversal is possible.
In the high or low area of the currency price, once the cross line pattern appears, it is often regarded as a turning line, indicating that the market trend is about to reverse.
10. Bullish candlestick chart patterns
1. Hammer
2. Inverted Hammer
3. Three White Soldiers
4. Bullish Harami
11. Bearish candlestick chart pattern
1. Hanging neck line
2. Meteor Line
3. Three Crows
4. Bearish Harami
5. Dark clouds cover the sky
Summarize:
1: What is the role of candlestick charts in cryptocurrency trading?
K-line charts (also known as candlestick charts or yin-yang charts) are very important tools in cryptocurrency trading. They can help traders intuitively understand price movements, market trends, and the comparison of buying and selling forces. By observing the different patterns on the K-line charts, traders can predict the possible future price movements and make more informed trading decisions.
2: How to use candlestick chart patterns to trade efficiently?
To trade effectively using candlestick patterns, traders first need to learn the basics of candlesticks, including how to read candlesticks and identify different candlestick patterns. Secondly, combine multiple technical indicators such as moving averages, relative strength index (RSI) and moving average convergence divergence (MACD) to form a more comprehensive market forecast. In addition, traders should also analyze candlestick patterns in multiple time frames to gain a comprehensive understanding of market sentiment.
3: When using candlestick chart patterns, what risk management techniques should be taken into consideration?
Risk management is crucial when trading with candlestick patterns, and traders should always set stop-loss orders to protect their funds from significant losses. At the same time, avoid over-trading and only trade when the risk-reward ratio is favorable. In addition, regularly reviewing and adjusting trading plans to adapt to market changes are also very important risk management techniques.
4: What are the common K-line chart patterns and what do they mean?
There are many common candlestick chart patterns, and each pattern has its specific meaning. For example, the "gravestone cross star" usually indicates that the market is about to reverse, especially when it appears in the high or low area. The "dragonfly cross star" is often regarded as a bullish or bottoming signal, especially when it appears at the low or support level. Traders can predict market trends and make corresponding trading decisions by learning and identifying these patterns. But please note that any pattern is not absolute, and traders need to consider other factors to make decisions.
After 10 years of cryptocurrency trading, the core trading secrets that have enabled me to achieve stable compound interest
1. Buy early when the price drops early, and sell early when the price rises early: If you see the price of the currency plummet in the morning, don't panic, as this may be a golden opportunity to enter the market; on the contrary, if the price of the currency soars, you need to be alert to the risk of a pullback and reduce your position in time.
2. Afternoon strategy: If the currency price continues to rise in the afternoon, you need to be cautious in chasing high prices and avoid standing guard at high positions; if it plummets in the afternoon, you don’t have to rush to buy the bottom, you can observe the market reaction the next day before making a decision.
3. Keep a stable mentality: It is very important to stay calm in the face of market fluctuations. When the market drops sharply in the morning, avoid panic selling; when the price is sideways, you can rest and keep a clear mind.
4. Follow the trend: When the trend is unclear, avoid blind trading. Do not sell unless the price goes up, do not buy unless there is a pullback, and wait and see when the price goes sideways.
5. Yin-Yang Line Strategy: When buying, it is safer to choose Yin-Yang Line to buy; when selling, wait for Yang-Yang Line to appear before considering selling to obtain higher returns.
6. Thinking against the trend: Although following the trend is the basic principle of trading, in some cases, going against the trend can also create miracles. Only those who dare to challenge market conventions can become real winners.
7. Patient observation: When the price of the currency is fluctuating, do not rush for success. Patiently wait for the market trend to become clear, and then act decisively, so that you can win.
8. Risks after sideways trading at high levels: When the price of a currency suddenly rises again after sideways trading at high levels, you need to be alert to the risk of a callback. At this time, you should decisively reduce your position or leave the market to avoid being trapped at high levels.
9. Hammer Doji + Warning: If the market shows a Hammer Doji pattern, it means that the market is about to turn. At this time, you need to pay close attention to market dynamics, operate cautiously, and avoid the risks brought by full position operations.
Giving roses to others will leave a lingering fragrance on your hands. Thank you for your likes, attention, and reposts! I wish you all financial freedom in 2025!
I still say that, if you don’t know what to do in the bull market, click on my avatar and follow me, I will share the bull market spot planning and contract password for free.
I need fans, you need references. It's better to pay attention than to guess.
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