How to Turn 1000 Yuan into 100,000 in the Cryptocurrency Market

There are wealth myths created in the cryptocurrency market, like last year when someone turned a small account of 2000 USD into nearly 2 million USD within a year, achieving a 1000-fold increase. This has led countless people to dream of making big money in the crypto space. But the reality is harsh; many have not achieved financial freedom and have instead put their families in distress.

What allows me to persist on the trading path is my reverence for knowledge and continuous exploration. By delving deeply into cryptocurrency knowledge, paying attention to news, and studying technical indicators, I have summarized countless practical experiences to form a stable and profitable trading system. Below, I will share the trading methods I have been using.

Select Potential Cryptocurrencies: Add cryptocurrencies that have increased in value within the last 11 days to your watchlist, excluding those that have fallen for more than three consecutive days, as these may indicate capital flight and high risk. Then, select those with a bullish crossover in the monthly MACD, which indicates an upward market trend and is a reliable buy signal.

Precise Entry Timing: Switch to the daily candlestick chart and focus on the 60-day moving average. When the price of the cryptocurrency pulls back to the vicinity of the 60-day moving average and there is increased volume, it is a good time to enter with a heavy position, as increased volume indicates market activity and capital interest, resulting in a high success rate for entry.

Exit Strategy: After entering, use the 60-day moving average as a reference. Sell one-third when the price has risen over 30%, and sell another third when it exceeds 50%. If the price falls below the 60-day moving average the next day after buying, exit completely; do not hold on to false hopes, as there will be opportunities to buy again if conditions meet.

Executing this method is difficult in practice. It’s like “exiting completely if the price falls below the 60-day moving average,” which seems simple but eliminates 90% of investors. In the cryptocurrency market, only by overcoming human greed and fear can one establish a foothold.

Additionally, there are some trading key points and principles:

- Basic Investment Principles: Do not trade without looking at the charts; do not chase highs during favorable news; do not buy into crashing cryptocurrencies; do not participate in downward trends; maintain consistency in trading.

- Six Iron Rules for Making Money in Crypto: Divide funds into five parts, trading with one-fifth each time, and withdraw if losing 10%; follow the market trend and do not operate against it; do not chase cryptocurrencies that have surged; learn to use the MACD indicator to find buy/sell points; do not average down on losing trades; increase positions only when in profit and pay attention to the volume-price relationship; review trades weekly and adjust strategies.