My personal experience in trading cryptocurrencies has shown that the end is not liquidation but wealth.
It's not about being keen on trading cryptocurrencies, but rather on making money, on striving to improve the living standards of oneself and one's family. The ways to make money in the world are mostly these few:
1. Starting a company and facing overcapacity, with the pandemic looming, starting a company these days is practically a death wish.
2. Individuals can start small businesses like food stalls, but prime locations are hard to rent, and poorly located stalls attract no business. Street vendors can work, but can you really endure a life of outdoor living, covered in grease?
3. The competition for self-media entrepreneurship is intense; there are more self-media vying for traffic than there is traffic. It seems that those big influencers are glamorous, but the hardships behind them are well known, such as me, who answers questions sincerely but receives only a few perfunctory likes.
4. Working a job is certainly fine; it means having a crisis manager (boss) at the helm, but a job can only provide a salary; can it provide you with wealth? It cannot. However, if you are a technical expert, highly educated, or a sales champion, then it is possible.
However, 99% of the world's people are not.
I started trading cryptocurrencies in early 2015 and have accumulated over 10 million in earnings over the years.
I know that, to some people, this amount of money is not much. After all, some people are just that conservative; they think university students should focus on their studies and not get into their own affairs.
I earned my money from the cryptocurrency world; they always think that the cryptocurrency world is not a serious endeavor.
But I feel that I have been very successful over the past few years. (I hate being boastful; I do not think I am excellent in all aspects, but my ability to make money is definitely not lacking, at least not so far.)
Accumulated money is one aspect; more importantly, it's about experience.
Currently, the person who understands me best is only my closest friends, because they know how I have come this far.
When I made 100,000, I thought it was too little; what can 100,000 do? After all, with some effort in other jobs, many can earn that in a year.
When I earned 300,000, I felt it wasn't enough; 300,000 can't last a lifetime, and then I started talking about inflation.
When I earn millions, I might not complain about not earning enough, but I will still feel that my money comes from gambling. I estimate that many people want to see my downfall, to see how I lose the money I've earned. Then some will use inflation as an example to tell me that money will depreciate, and so on.
Those who do not have faith in me can always find various reasons.
There are differences between people.
Some people see others making money and think about how to find opportunities;
Some people see others making money and always think that the person's money comes from an unworthy source; in their perception, they are right, and their mediocrity is due to bad luck, while others succeed because they hit the jackpot.
In that case, I will continue to earn, striving to earn tens of millions, hundreds of millions, and more, ultimately using the money I earn to support the fields of biological health and artificial intelligence.
I estimate that those who deny me will continue to deny me. Even if I achieve my goals of tens of millions or over a hundred million in the future.
This is a 'foolproof' operation for trading cryptocurrencies, simple and practical; even if you are a new trader, you can operate it easily, with over 80% accuracy. Both buying and selling in the cryptocurrency market can follow this method!
A method I have tested personally earned me over 1.8 million from 10,000 in just six months in 2025, nearly a 180-fold increase! If you also want to share a piece of the pie in the cryptocurrency world, take a few minutes to read this article; you are just one step away from making a million!
1. The selected cryptocurrency must be in an upward trend; it's okay if it’s in consolidation, but it must not be in a downtrend or have moving averages that are all pointing down.
2. Divide the funds into three equal parts; when the cryptocurrency price breaks through the 5-day moving average, buy in lightly with 30% of the position. When the price breaks through the 15-day moving average, buy another 30%. Similarly, when it breaks through the 30-day moving average, buy the final 30%. This rule must be strictly followed.
3. If the cryptocurrency price does not break through the 15-day moving average after breaking the 5-day moving average but instead retraces, as long as it does not break the 5-day line, keep the original position; if it breaks, sell.
4. Similarly, if the cryptocurrency price breaks through the 15-day moving average and does not continue to rise, hold on as long as it does not break the 15-day moving average; if it breaks, sell 30% first. If it does not break the 5-day moving average, hold 30% of the position.
5. When the cryptocurrency price continues to break above the 30-day moving average and then retraces, follow the previous method to sell off at once.
6. Selling off is the opposite; when the cryptocurrency price is at a high, if it breaks below the 5-day line, sell 30% first. If it does not continue to decline, hold the remaining 60% of the position. If the 5-day, 15-day, and 30-day lines are all broken, sell everything; do not entertain any illusions.
Ultimately, the difficulty in making money is not the method, but the execution.
A trading system is a tool that allows you to achieve stable profits.
It can help you mark key levels, discover entry signals, and find trading opportunities that can make you money.
So, to put it another way, as long as there is a stable trading system, you just need to act when opportunities within the system arise; if you lose, you can always seek revenge, do what you are supposed to do, and leave the rest to the market, because in the end, you will always be able to cover losses with profits.
However, 99% of people’s biggest problem is that they do not have their own trading system, so they fear losing money when trading, because once that money is lost, it cannot be recovered. Even if they manage to earn it back through luck, they will ultimately lose it through skill.
So how do you have a trading system?
I will guide you through the 'BOSS' and 'BEAR' and many other price action chart patterns.
Price Action Pattern #1: Bullish Engulfing Strong Support (BOSS)
This occurs with a bullish engulfing candlestick pattern at a strong support level. The most important thing here is not the exact candlestick chart but its location. Ideally, it should be right at or slightly below the support level.
As the name suggests, the BOSS pattern is one of the best price action patterns. The above is one of the best charts describing this pattern taken from a book on price action.
As seen from the above chart, after the BOSS price action chart pattern formed, the price experienced a significant rise.
There are many such cases; the most recent one is the BOSS price action chart pattern of the EUR/USD:
The above chart shows a major demand area/support level. When the price tests it, it will form an inside bar and attract a large number of market participants to enter. One of the reasons I call this pattern a bullish engulfing strong support is that any candlestick pattern can be a trigger.
Price Action Pattern #2: Bearish Engulfing Strong Resistance (BEAR)
This price action chart pattern indicates that the price needs to test a strong resistance level or supply area.
The above chart is also taken from (Price Action Trading Manual).
I have found that for this price action pattern, bearish engulfing may be the best candlestick pattern. However, over the long term, this chart pattern will continue to appear.
This is an example of a GBP/USD daily chart from 2018:
From the above chart, it can be seen that this double candlestick entity bearish engulfing candlestick pattern has a very strong trend-change effect. The engulfing pattern can consist of multiple candlestick entities. Importantly, the bearish candlestick (red) completely covers the previous bullish candlestick (green) entity. This indicates that the bears are ready to push the price in another direction for the long term.
The BEAR price action chart pattern is considered one of the best bearish price action chart patterns in my trading career.
Price Action Pattern #3: Inside Bar Within a Trend (IBWT)
The IBWT price action pattern is one of my favorite candlestick patterns for two main reasons:
1. High Reliability
2. Provides a high risk-reward ratio.
From the perspective of trading returns, this might be the highest price action chart pattern.
Let's see why I say this.
Looking at the chart above, the reason this candlestick pattern has such a high risk-reward ratio is that the closing price of the red candlestick is very close to the low of the green candlestick.
This allows for stricter stop-loss settings, thus presenting a higher risk-reward ratio. In other words, it means you can take risks with less money to potentially earn more profits.
The following chart is another example of an inside bar in the Daily DAX chart:
You can see from the above chart that the inside bar only allows you to use a very small stop loss to 'aim' for a larger return. The risk-reward ratio in the above chart is almost 1:12.
This means that if your entry point is 9502 and your stop loss is 9339, you bear a risk of 163 points, but if your profit target is 11349, the potential return from this trade would be a profit of 1847 points.
I have to say, this is a very nice trade with a risk-reward ratio of up to 11.38.
Price Action Pattern #4: Pin Bar in the Supply Area (SUP)
The SUP chart pattern is one of the most effective bearish continuation patterns. We need the following two conditions to confirm the emergence of this pattern:
1. Major/Minor Supply Areas/Resistance Levels
2. Price action patterns of price rejection.
The above chart is the gold 1-hour chart from October 23, 2020. We can see that the pin bar encountered resistance at the important level of $1912 and retraced.
Once the price rises to the pivot level, a price rejection may occur, followed by a sudden drop in price.
At this time, you need to decisively enter the market to seize these trading opportunities. As you can see, after the pin bar encountered resistance, the next candlestick will be a long bearish candlestick.
Price Action Pattern #5: Random Resistance Rejection (RRR)
The above chart is the GBP/USD 1-hour chart. It displays a price action chart pattern called RRR (Random Resistance Rejection).
It is called 'random' because it can happen at any point in time and in important 'event convergence zones.'
Like the previous price action patterns, RRR appears within different time frame charts. The rule of thumb tells us: 'The higher the time frame, the more accurate the signal.'
In this case, we observed a resistance level turning into a support level, and a pin bar formed a rebound at that level. Coincidentally, the candlestick on the daily chart is an inside bar.
This is a very good example of high-probability trading. However, it is important to note that this pattern should not be confused with a breakout.
Price Action Pattern #6: Demand Area Candlestick (DZC)
The above chart is a price action chart pattern obtained from the EUR/USD hourly chart, which is a demand area candlestick pattern.
To validate this price action pattern, we need to follow two important rules:
1. Minor Demand Area 2. Candlestick Confirmation
This chart pattern is very similar to the bullish strong support (BOSS). The only major difference is that it typically appears in minor demand areas rather than major demand areas. See the chart below:
Those who know me should be aware that in trading, I try to steer clear of diagonal trend lines or channels. Here, I just want to show everyone a classic example.
Once a minor demand area is identified, we can mark it on the chart and lie in wait near the price. When the price is 'trapped' in the demand area, all we need to do is confirm using price action, and then look for opportunities to enter trades.
This could be one of the most powerful trend continuation techniques, which can also be used to implement strict stop-losses.
Price Action Pattern #7: Theory vs. Reality (TVR)
Chart patterns that do not operate as expected or as theoretically described. Many traders blindly follow converging triangle patterns, but in reality, they are not as precise as people imagine.
One of the advantages of converging triangles is that they are easy to spot. The problem with this trading setup is that because it is so easy to spot, many traders will try to profit from it.
You must understand that trading is a zero-sum game that does not allow such behavior to exist. Traders who blindly chase high prices become the prey.
One of the issues with the TVR price action pattern is shown in the figure below:
When you spot this triangular pattern, most traders will expect the price to break upward.
However, contrary to expectations, the price went in the opposite direction.
The reason we have not seen an upward breakout is that the price is not sufficient to withstand the testing of the resistance level and begins to turn down.
Before starting to decline, also pay attention to the inside bar.
Price Action Pattern #8: Theory vs. Reality 2 (TVR2)
Let’s look at the last price action chart pattern. Of course, this does not mean we have explained all the price action patterns. These 8 price action patterns are just some common ones in our daily trading.
So, what can we expect from price action patterns?
We see that when the price fluctuates within a range, a breakout is expected. Traders can easily fall into this trap. The closer the price gets to the resistance level, the more eagerly they buy in.
Let's illustrate it with a sketch:
The following are 3 typical situations where novice traders wish to go long:
1. The price is slightly above the middle level of the range, and I should go long; otherwise, I will miss the opportunity.
2. The price is just below the resistance level, and I worry that if the price rises too quickly, I will miss the best entry opportunity.
3. The price has just broken through the resistance level, and I do not want to miss this trading opportunity.
The above three situations are typical trading methods for retail traders. This is a trap you should try to avoid.
The closer you get to a resistance level, the higher your stop loss will be; ironically, the greater the chance of being stopped out.
If you can look at it from a different perspective, you can gain a good trading opportunity.
Think this way: the closer you get to a resistance level or supply area, the more you should consider going short.
Let's take the USD/CAD 4-hour chart as an example:
Seeing this situation, you might rush in to go long. However, the reality is as shown in the image below:
How unfortunate! You went long instead of shorting...
Summary
In this article, we have listed 8 price action chart patterns. Each has its own advantages and disadvantages. However, what everyone really needs to consider is the potential return of each price chart and the risks involved.
These trading patterns tell us that traders can easily fall into the traps of the market, so we must strictly adhere to trading rules. Trading might be the best way to test your discipline.
Remember not to rush into trading with overly high expectations. If you want to become a consistently profitable trader, it will require a lot of time, discipline, and dedication.$EIGEN $MDT #Metaplanet增持比特币 #币安HODLer空投SPK
Finally, I wish you successful trading!
