I have been trading cryptocurrencies for over ten years, from liquidation to achieving financial freedom, supporting my family through trading. From May 23, 2022, to June 4, 2024, in two years, with less than 700,000, I achieved a win rate of 418134.86%, and I managed to make over 21 million.
Today I will share my trading strategies and insights with friends in the crypto space.
There is a saying, standing on the shoulders of giants can save ten years of effort.
Those who are fortunate enough to see this and want to improve their cryptocurrency trading skills should read it carefully and consider saving it!
With two thousand on hand, exchanging it for about 300U, everyone needs to find ways to increase its value. The most direct and effective method is to leverage contract trading +
Magnifying profits:
First step: We need to be steady and gradually increase our capital. Each time take 100U.
Go for the hot coins, but remember to set your take-profit and stop-loss +; double your profits, like turning 100 into 200, then 200 into 400, and so on. But remember, the maximum is three consecutive operations, as luck plays a small part here; you might win several times in a row or lose in one go. So, take it easy.
The second step, once our capital rolls up to about 1100U, we can start using more advanced strategies. At this point, we need to play some tricks and combine three strategies together:
1. Ultra-short position +, use 100U to conduct quick trades at the 15-minute level, take profit quickly; it's fast but risky, and you need to choose stable coins like Bitcoin or Ethereum.
2. Single strategy, use a small position, like 15U, to trade 4-hour level contracts, take it slow, invest in Bitcoin weekly, and accumulate it into a considerable fortune.
3. Trend position +, this is our main focus; after finding the market trend, enter directly; big profits rely on this. However, it requires us to have the same market judgment ability and to plan the risk-reward ratio in advance.
Playing contracts in the crypto space is not just random gambling; it requires systematic methods, reasonable position management, and strict take-profit and stop-loss strategies. Using two thousand to fight for nearly a million may sound difficult, but as long as you master these skills and execute each trade well, the dream of becoming a millionaire can be fully realized!
Want to make big money trading in the crypto space? You must know these 24 rules!
Trading in the crypto space carries significant risks; want to ensure gains without loss? Gann's 24 rules + can help you clarify your thoughts!
These 24 practical experiences are all packed with useful information. Following them can reduce losses and increase profits while improving trading success rates. Below is my simplified explanation of these 24 rules so that beginners can understand:
1. Don't go all in; divide your capital into ten parts, and don't exceed one part per trade.
2. Always set stop-loss when opening positions; set the stop-loss 3-5 points away from the transaction price.
3. Don't open positions too frequently; frequent trading can disrupt your funds and trading plan.
4. Move stop-loss; adjust the stop-loss once you have made more than 3 points, do not let profits run away.
5. You must go with the trend; if the trend is unclear, don't buy; follow the trend for stability.
6. Don't open positions when confused; if you don't understand the market, wait for confirmation before opening positions.
7. Buy mainstream and popular coins, choose coins with active trading, and avoid obscure and quiet ones.
8. Don't put all your funds into one; spread large funds across 2-3 coins, and use one coin for small funds.
9. Trade at market prices, do not set fixed prices for buying; following the market is more flexible.
10. Let profits fly; set a trailing stop-loss to protect profits, and do not close positions early.
11. Profit should be realized; save the profits earned for crucial times.
12. Don't impulsively trade for staking dividends; while dividend temptation is great, don't buy recklessly because of it.
13. Do not lower the average price; if you are losing on a position, do not think about averaging down; this is a major taboo.
14. Choose the best entry points; don't trade recklessly due to impatience, only trade at key positions.
15. Don't pick up small profits and incur large losses; small profits are not worth the gamble; don't take risks for small gains.
16. Stop-loss cannot be canceled, do not touch the set stop-loss if you are losing on a position, maintain discipline.
17. Don't trade all day long; trading too frequently can lead to losses; leave enough time for review.
18. Make profits in both rises and falls; go long when prices rise and go short when they fall; operate according to the trend.
19. Don't operate based on price highs and lows; low prices aren't necessarily worth buying, and high prices aren't necessarily worth selling.
20. Increase or decrease positions based on timing; add positions when breaking resistance levels, and clear them when falling below support levels.
21. Choose the right size coins; small-cap coins are suitable for shorting, while large-cap coins are suitable for going long.
22. Don't hedge to cover losses; if the coin you bought drops, don't sell others to cover; directly accept the loss and exit.
23. Don't switch directions without reason; switching between long and short must be based on evidence; don't act without signals.
24. Don't let profit go to your head; after consecutive wins, don't increase your stake; treat each trade with equal importance.
Trading is a long-term practice. If you want to earn a living from trading, you must follow the rules and build your own trading system!
Where is the difference between crypto trading and gambling?
The probability of gambling is random and has no rules. Random is 48:52; if you do too much, you will definitely lose. For experienced traders, the crypto space can allow for some judgment. In some rare periods, there can be over 90% probability of a price increase. In some periods, it is difficult to see clearly. In some periods, there is more than a 90% chance of a price drop.
If you can overcome your mental barriers, filter out most periods that are unclear or likely to drop, and only trade during a very few periods with a high probability of rising, then you will achieve lasting profits. So, is there a way to maintain 'eternal profit'? Today, on the 6th, I'll share this with everyone.
There is a very simple method for trading cryptocurrencies that I have tried many trading methods, but most lack practicality. Only this method has allowed me to achieve relatively sustainable profits, and I still use this method now, which is very stable.
You don't need to worry about whether you can learn; if I can seize this opportunity, so can you. I'm not a god, just an ordinary person; the only difference is that others overlook this method. If you can learn this method and pay attention to it in future trades, it can help you earn an extra 3 to 10 points daily.
First step: Add coins that have risen on the leaderboard in the last 11 days to your watchlist, but be careful to exclude any coins that have dropped for more than three days to avoid capital exiting after profits.
The second step: Open the K-line chart and only look at the coins with MACD golden crosses at the monthly level.
Third step: Open the daily candlestick chart, only look at a single 60-day moving average; as long as the coin price retraces near the 60-day moving average and a volume increase candle appears, enter with heavy positions.
Fourth step: After entering, use the 60-day moving average as the standard; if it is above the line, hold; if below, exit and sell. This is divided into three details.
The first point is to sell one-third when the price increase exceeds 30 during a trend, sell another third when it exceeds 50, and the most important point, which determines whether you can make a profit, is that if you buy on the same day and the next day the price unexpectedly drops below the 60-day moving average, you must exit completely without any sense of luck. Although the probability of breaking the 60-day line is very small with this method of combining monthly and daily lines, we must still have a risk awareness. In the crypto space, preserving capital is the most important thing. Even if you have sold, you can wait to buy back when it meets the buying conditions again.
Ultimately, the difficulty in making money lies not in the method, but in execution. When the price falls directly below the 60-day moving average, you must exit completely without any sense of luck. Just this one sentence has killed 90% of people.
In conclusion, one cannot be rigid in the crypto space; adaptability is the key to long-term survival in the market. Therefore, we must pay attention to the fact that the overall market and individual coins can be completely opposite. Trading cryptocurrencies appears to be a contest with the market, but in reality, it is a contest with human nature. The risks you see on the surface may actually be opportunities. Sometimes what looks like an opportunity can be a trap enticing you.
Those who have discipline in the crypto space find joy even in pain: where there is hope, hell can also be heaven.
In the cryptocurrency market, the situation changes rapidly, and how to accurately capture opportunities becomes an important topic for traders. This article will detail the 8 major technical analysis indicators in the crypto space, explain their application methods and practical skills, and help you better identify market signals and improve your trading success rate.
Cryptocurrency technical analysis indicator education: 1. Moving Average (MA): A powerful tool for trend judgment. Definition: Moving averages smooth out data fluctuations by calculating the average price over a period, helping you determine the overall market trend.
Application skills: Golden cross: When the short-term moving average crosses above the long-term moving average, it is often seen as a buy signal. Death cross: When the short-term moving average crosses below the long-term moving average, it may indicate a selling opportunity.
2. Relative Strength Index (RSI): Overbought and oversold signals.
Definition: The RSI indicator measures the speed and magnitude of price changes, with a value range from 0 to 100.
Application skills:
When RSI exceeds 70, it usually indicates that the market is overbought, increasing the risk.
If RSI is below 30, it may indicate an oversold area, presenting a buying opportunity.
3. Average True Range (ATR): Volatility indicator.
Definition: ATR is used to measure market volatility; a higher value indicates more extreme fluctuations.
Application skills:
Can help you set reasonable stop-loss positions, for example, setting the stop-loss at 1.5 times the current ATR to reduce risk.
4. MACD Indicator +: Dual validation of momentum and trend.
Definition: MACD generates momentum signals by using the difference between two exponential moving averages (EMA).
Application skills:
Crossover signals: MACD crossing above the signal line is a buy signal; conversely, it is a sell signal.
Histogram changes: Expansion or contraction of the histogram aids in judging trend strength.
5. Bollinger Bands +: Price volatility range.
Definition: Bollinger Bands consist of a middle line (usually the 20-day SMA) and two standard deviation lines above and below.
Application skills:
Price touching the upper band may indicate overbought conditions, while the lower band may indicate oversold conditions.
Narrowing Bollinger Bands indicate that a significant market movement is about to occur; you need to pay close attention.
6. Fibonacci Retracement +: Finding support and resistance.
Definition: Based on the golden ratio (such as 0.382, 0.5, 0.618, etc.) to determine price retracement support and resistance levels.
Application skills:
During an upward trend, a retracement to the 0.618 range may provide a buying opportunity.
In a downtrend, a rebound to the 0.382 range may form a sell signal.
7. Volume indicator: Key to verifying trends.
Definition: Volume reflects market activity and is usually analyzed in conjunction with price trends.
Application skills:
When prices rise with increased volume, the trend is more reliable.
If the price rises but the volume shrinks, be wary of a potential trend reversal.
8. KD Indicator: Capturing short-term buying and selling opportunities.
Definition: The KD indicator uses the stochastic oscillator to judge price momentum.
Application skills:
K-line crossing above the D-line: Usually a buy signal.
K-line crossing below the D-line: May indicate a sell signal, suitable for short-term operations.
Practical skills: Indicator combinations help you establish yourself in the crypto space.
Single indicators often have limitations; in actual trading, it is advisable to combine multiple indicators.
MA and RSI combination: When the short-term moving average crosses above the long-term moving average and RSI has not been overbought, consider entering with the trend.
MACD and Bollinger Bands: MACD crossover signals combined with narrowing Bollinger Bands can help you capture entry opportunities just before market explosions.
Volume verification: Regardless of which indicator is used, volume is always an important basis for judging market sustainability; it is essential to observe in conjunction. In conclusion, technical analysis is only a part of trading in the crypto space. Successful trading also requires continuous learning, practical summaries, and good risk management. I hope the indicators and practical combinations introduced in this article can help you, and I also welcome everyone to communicate more and share their trading insights. I wish everyone can achieve stable profits and avoid detours in crypto trading!
