Of course it can, according to my personally tested method, it doesn't even take a year! It only takes three months!
1000 yuan, which is about 140U!
1. Rolling positions
Use 1000 yuan to make contracts and roll positions to quickly accumulate and earn 100,000! It takes about 1 to 3 months
1,000 yuan in the coin circle is about 140u!
The best solution is recommended: contract
Use 30u each time to bet on hot coins, do a good job of stop-profit and stop-loss + 100 to hit 200, 200 to flip 400, 400 to flip 800. Remember a maximum of three times! Because the coin circle needs a little luck, it is easy to earn 9 times with such a full bet, and explode once! If 100 passes the three levels, then the principal will come to 1100u!
At this time, it is recommended to use a triple strategy to play
Make two types of orders a day, ultra-short orders and strategy orders, and then make trend orders if the opportunity comes
Ultra-short orders are used for quick attacks and quick wins, making 15-minute level advantages: high returns disadvantages: high risks
Only trade Bitcoin and Ethereum
The second type of order, strategy order, is to use a small position such as 10 times 15u to make a four-hour level contract and store the profits, and conduct regular investment in Bitcoin every week
The third type is trend single medium and long-term trading, aiming directly at the advantages: more meat to eat
Find the right entry point and set a relatively cost-effective profit and loss ratio
Treat coin speculation as a job and go to work and get off work on time every day
In the first few years of speculating in coins, I, like many people, stayed up all night to watch the market and chase the ups and downs. I lost so much money that I couldn't sleep. Later, I gritted my teeth and insisted on using only one stupid method, and I survived and slowly started to make stable profits.
Looking back now, this method is stupid, but it works: "I will never move if I don't see a signal I'm familiar with!"
I would rather miss the market than place orders randomly.
With this iron rule, my annual return rate can now be stabilized at more than 50%, and I finally don't have to live by luck.
Here are a few safety recommendations for novices, all of which are my experiences from losing money in actual trading:
1. Make orders after 9 pm
There is too much news during the day, and all kinds of fake good news and fake bad news are flying around. The market is jumping up and down like a stroke, and it is easy to be tricked into the market.
I usually wait until after 9 pm to operate, because the news is basically stable at that time, the K-line is cleaner, and the direction is clearer.
2. Take profits immediately after making money
Don't always think about doubling! For example, if you make 1000U today, I suggest you immediately withdraw 300U to your bank card and continue to play with the rest.
3. Look at indicators, not feelings
Don't make orders based on feeling, that's blind gambling.
Look at these indicators before making a single order:
· MACD: Is there a golden cross or death cross
· RSI: Is there any overbought or oversold
· Bollinger Bands: Are there any contractions or breakouts
Consider entering the market only if at least two of the three indicators give consistent signals.
5. Must withdraw profits every week
Money that is not withdrawn is just a number game!
I transfer 30% of my profits to my bank card every Friday without fail, and continue to roll the rest. Over the long term, the account will become thicker and thicker.
6. There are tips for looking at the K-line
For short-term trading, look at the 1-hour chart: you can consider going long if the price has two consecutive positive lines.
· If the market is moving sideways, switch to the 4-hour chart to find the support line: consider entering the market again near the support level.
7. Don't step on these pits!
· Do not exceed 10x leverage, novices should control it within 5x
· Don't touch Dogecoin and Shitcoin, they are easy to be harvested
Make up to 3 orders a day, too much is easy to get carried away and out of control
· Never borrow money to speculate in coins!
7 life-saving coin speculation suggestions I got from losing millions!
In these years of struggling in the coin circle, I have experienced the despair of being liquidated and tasted the joy of doubling. Today, I will share the experience of losing money in actual trading without reservation, hoping to help as many people as possible! It is recommended to like and collect it first to avoid not being able to find it in the future~
1. Choose the right trading time and avoid the "minefield" during the day
The coin circle during the day is like an "information melee"! Fake good news and fake bad news are overwhelming, and the market is jumping up and down. If you are not careful, you will be induced to go long or short.
Recommendation: Avoid the daytime "chaos" and trade after 9 p.m. At this time, market news is basically settled, the K-line pattern is clearer, and the direction judgment is more accurate, which is equivalent to adding a "safety lock" for yourself.
2. Take profits in time and don't let profits "fly" away
"Wanting to earn more after earning" is the root cause of many people's money loss! Don't always fantasize about doubling, locking in profits in time is the king.
Operation method: For example, if you make a profit of 1000U on the same day, immediately withdraw 300U to your bank card, and continue trading with the rest. I have seen too many people who want to make 5 times after earning 3 times, and as a result, they lose all their money in one callback. Money in the wallet is real money!
3. Use indicators to speak, reject "patting your head" decisions
Making orders based on feeling? That's no different from gambling!
MACD: Golden cross is bullish, death cross is bearish
RSI: Overbought (>70) Beware of callbacks, oversold (<30) Pay attention to rebounds
Bollinger Bands: Contraction gathers momentum, breaking through the upper rail is bullish, falling below the lower rail is bearish
Principle: Consider entering the market only when at least 2 indicator signals are consistent to reduce the probability of error!
4. Stop loss should be "flexible", and protecting the principal is the bottom line
When watching the market: flexibly adjust the stop-loss price. For example, if you buy at 1000U and it rises to 1100U, immediately raise the stop loss to 1050U to lock in 50U profit;
Unable to watch the market: set a 3% hard stop loss! Prevent sudden crashes from being "wiped out", the principal is there, and there is a chance to turn over.
5. Mandatory withdrawal of cash every week, reject digital games
The money in the account is not withdrawn, it is always just a string of numbers!
My habit: I transfer 30% of my profits to my bank card every Friday, and continue to roll the rest. If I stick to it for a long time, my wallet and account can grow steadily, and the psychological pressure will be much less ~
6. K-line usage guide, find the right entry opportunity
Short-term operation: Keep an eye on the 1-hour chart, and you can try to go long if there are two consecutive positive lines;
Consolidating market: Switch to the 4-hour chart, and it is safer to enter the market near the support level to buy the bottom!
7. Don't step on these pits!
Leverage: Do not exceed 50x, the higher the risk;
Coin: Stay away from altcoins such as Dogecoin and Shitcoin, the dealer will harvest without negotiation;
Frequency: Make up to 3 orders per day, frequent trading is easy to get carried away;
Funds: Never borrow money to trade coins, don't touch money you can't afford to lose!
Without further ado, let's get to the dry goods
When trading in a consolidating market, you'll find three key price action patterns that are particularly effective: pin bars, inside bars, and head and shoulders patterns.
Pin bars send potential reversal signals at support or resistance levels, while inside bars create opportunities for breakout trading in consolidation. The head and shoulders pattern captures the dynamic changes in buying and selling forces, usually triggering significant trend changes.
Combining volume analysis can improve the win rate of trading, while identifying support and resistance levels. Use strict risk management strategies, including clear stop-loss and take-profit levels.
Understand the characteristics of consolidating markets
Consolidating markets present unique challenges and opportunities. This price consolidation phase (sometimes presenting a converging pattern) exhibits horizontal fluctuations between clear support and resistance levels, reflecting complex market dynamics and trader psychology.
You will notice that during these phases, the market exhibits indecision, with neither buyers nor sellers gaining a clear advantage. Historical price action plays a key role in identifying these equilibrium points, clearly revealing the underlying logic of trader behavior and market sentiment.
Understanding consolidating markets is essential for developing effective trading strategies. When you analyze these markets, you will find that prices fluctuate within predictable ranges, forming regular patterns that experienced traders can take advantage of.
This price movement is often accompanied by a decrease in trading volume as market participants wait for a decisive breakout or trend confirmation signal.
To successfully trade in a consolidating market, you need to master the following key points:
1. Identify key support and resistance levels
2. Use technical indicators to confirm the consolidating market
3. Identify potential breakout signals
By mastering these skills, you will be able to:
1. Accurately grasp buying and selling opportunities within the consolidation range
2. Predict potential trend reversals
3. Effectively manage risk in a fluctuating market
The importance of volume analysis
As you delve into price action trading, you'll find that volume analysis is an indispensable core tool. It's not just about price fluctuations, volume reveals the strength of market dynamics and the underlying driving forces.
Using tools such as the On Balance Volume (OBV) or Volume Weighted Average Price (VWAP) can strengthen your trading strategy with a more comprehensive market perspective.
1) Volume confirmation
When analyzing consolidating markets, pay special attention to the surge in volume. These volume spikes may signal potential trend reversals or breakout failures. High volume accompanying price increases usually indicates a bullish market sentiment; while high volume accompanying price decreases may suggest increasing short pressure.
But be wary of low-volume breakouts, which are often false signals and tend to quickly fall back into the consolidation range.
2) Liquidity assessment
Volume analysis can help measure market liquidity, which is a key element in consolidating markets. Generally, the greater the volume, the better the liquidity, making it easier to enter and exit positions. This is especially important for large transactions.
Key price action patterns
When analyzing core price patterns, you will find several reliable patterns that can significantly improve consolidation market trading performance. Among them, pin bar, inside bar and head and shoulders patterns are particularly effective in K-line analysis and reversal pattern identification.
Pin bars are important signals that predict potential trend reversals. They often appear at key support or resistance levels, often suggesting a possible shift in market sentiment.
Inside bar patterns provide good opportunities for breakout trading in consolidating markets. After identifying these patterns, you can deploy high-probability trades as the market chooses a direction.
Inside bar strategies are particularly effective on higher time frames (such as daily charts), providing clearer signals and better risk-reward ratios. Inside bars on lower time frames tend to be scattered and lack practical significance.
As a classic reversal pattern, the head and shoulders pattern requires traders to deeply understand market psychology. By capturing the dynamic changes in the strength of buyers and sellers, this pattern often triggers significant trend reversals.
When trading in a consolidating market, keep these key mindsets in mind:
· Patience is paramount--wait for clear confirmation of the pattern
· Strictly abide by discipline--resolutely execute entry and exit rules
· Maintain consistency--consistency in strategy builds trading confidence
· Be flexible--adapt to market changes in time
Identify support and resistance
Mastering the identification of support and resistance levels is the key to successfully trading in a consolidating range.
Historical significance:
Analyze historical price data to identify key levels where the market has reversed or paused multiple times. These historical price levels often constitute strong support or resistance, providing traders with important entry and exit signals. Understanding these levels helps identify potential reversal points, enabling more informed trading decisions.
Psychological barrier:
Don't underestimate the power of integer levels. Traders tend to place orders near these psychological price levels, naturally forming support and resistance zones.
Trend line skills:
Master the skills of drawing trend lines to identify dynamic support and resistance. Connect the low points in an uptrend and the high points in a downtrend to reveal potential price obstacles.
Volume indicator:
Incorporate volume analysis into your trading strategy. High volume at a specific price level may indicate strong support or resistance at that location, improving your decision-making quality.
Chart analysis:
Develop a keen ability to identify charts. Areas where prices have rebounded multiple times or have consistently failed to break through are often valuable support and resistance signals.
Consolidating market trading strategy
When trading in a consolidating market, you will find that there are several effective strategies you can use.
Range trading profits by taking advantage of horizontal price fluctuations between support and resistance levels, and can be very profitable if executed properly.
To avoid false breakouts, the key is to confirm the validity of the breakout by analyzing volume and waiting for the K-line to close.
Although Bollinger Bands and breakout trading techniques differ in methodology, they can complement each other in identifying potential entry and exit points.
The former relies on statistical volatility measurement, while the latter focuses on the change in momentum when the price breaks through a set boundary.
1. Range trading
Range trading focuses on horizontal price fluctuations between support and resistance. This method can be very profitable in consolidating markets as long as strategies are strictly implemented.
To successfully use this strategy, you need to master several key elements: entry techniques, exit strategies, risk management, time frame selection, and the use of market indicators.
When performing range trading, the following emotional drivers should be considered:
Fear of missing out on potential profits (FOMO)
The excitement of capturing price reversals at key price levels
Anxiety about false breakouts
The satisfaction of steadily earning small profits
To enhance your range trading capabilities, it is recommended to incorporate technical indicators, such as the Relative Strength Index (RSI), to confirm overbought or oversold conditions. This will help you execute trades at the best time within the range.
Remember, successful range trading requires patience and discipline. You must wait for price action to touch established support or resistance levels before entering the market.
If the market changes, be prepared to adjust your strategy, as the range may eventually be broken. By mastering range trading techniques, you'll be able to profit from the choppy markets that frustrate many traders.
2. Bollinger Bands
In-depth understanding of the powerful functions of Bollinger Bands can significantly improve your range trading strategy. This multi-functional indicator consists of a middle rail (usually a 20-period moving average) and two upper and lower rails representing standard deviation.
In a consolidating market, prices tend to fluctuate back and forth between these three bands, creating trading opportunities for astute traders.
Bollinger Bands strategies typically include:
1) Mean reversion trading: Buy near the lower rail and sell near the upper rail
2) Breakout prediction: When the bandwidth narrows, observe the price compression
3) Trend confirmation: Judge market volatility by changes in bandwidth
To optimize Bollinger Bands settings, consider the following adjustments:
Time frame: Choose according to your trading style (e.g. use the 1-hour chart for intraday trading)
Standard deviation setting: Increase the standard deviation when the range is wider, and appropriately reduce the standard deviation when the range is narrower
Moving average period: Adjust flexibly according to market conditions
When applying Bollinger Bands signals, pay special attention to:
1, Touching the band rail: Possible reversal signal
2, Break through the band rail: Possible trend changes or false breakouts
3, Band contraction ("Bollinger Band squeeze"): Predicts an upcoming increase in volatility
By rationally using Bollinger Bands, you will be able to more effectively identify key entry and exit opportunities in range trading.
3. Breakout trading
Almost all range-bound markets eventually break out, creating opportunities for astute traders. To capitalize on this type of price movement, you need to be proficient in breakout trading strategies. This method requires the ability to identify market signals and execute quickly when the time comes.
To effectively trade breakouts, consider the following key factors:
Entry techniques: Set pending orders outside the price range so that you automatically enter the market when a breakout occurs.
Risk management: Set clear stop-loss levels to protect your account funds.
Trading psychology: Maintain discipline and avoid impulsive decisions.
Breakout momentum: Monitor volume and price action to confirm the validity of the breakout.
When developing a breakout trading strategy, pay attention to signs that a breakout is imminent. These signs may include increased volume or a significant price break through existing support or resistance levels.
However, be wary of false breakouts, which can induce traders to make incorrect trading decisions. Your success in breakout trading will depend on your ability to identify and respond quickly to true breakouts, while effectively controlling risk.
Analyze market psychology
Understanding market psychology is crucial for traders trading in a consolidating market. In this market where prices fluctuate within a certain range, the collective behavior of market participants plays a decisive role in price movements.
You need to pay attention to trader sentiment, which is often expressed as fear and greed. These two major market emotions often lead to irrational decisions.
Loss aversion is an innate human tendency, especially evident in consolidating markets, where patience is crucial.
To effectively analyze market psychology, consider the following key factors:
1. Behavioral biases: Identify common cognitive distortions that affect traders' decisions, such as confirmation bias and loss aversion.
2. Group psychology: Observe how herding mentality affects price fluctuations and potential breakouts.
3. Sentiment indicators: Use tools such as the VIX index and put/call option ratios to measure overall market sentiment.
4. News impact: Assess market participants' response to economic data releases and geopolitical events.
Apply price action patterns
Applying price action patterns in consolidating markets has the potential to completely revamp your trading strategy. First, you need to be proficient in pattern recognition techniques, focusing on chart patterns such as pin bars, inside bars, and head and shoulders patterns.
These patterns often herald an impending market reversal or continuation, and can provide important clues about market psychology.
Once you have identified key support and resistance levels, monitor price patterns near these areas closely. Entry strategies should be based on these patterns and set clear stop-loss and take-profit points to effectively manage risk. Remember that volume confirmation can enhance your confidence in the effectiveness of the pattern.
To master price action trading, understand the following emotional drivers:
The excitement of discovering the perfect pattern
The satisfaction of executing precise trades
Confidence brought by continuous profitability
The resilience cultivated from learning from losses
When practicing these strategies, continue to pay attention to broader market trends and your own trading psychology. Successful traders often attribute their success to a combination of disciplined execution and emotional control.
Common problems:
1. What are the differences in price action patterns between trending and consolidating markets?
In a trending market, the psychology of price movement is more inclined to momentum continuation; while in a consolidating market, price focuses more on the game between support and resistance levels. Your market structure analysis needs to be flexibly adjusted, combined with volatility and trader behavior patterns, to identify the best entry and exit opportunities.
2. What is the most effective time frame for identifying price action patterns in a consolidating market?
Shorter time frames (such as 15-minute to 4-hour charts) are best suited for identifying price action patterns in consolidating markets. Focus on K-line patterns, volume analysis, and breakout signals to assess market psychology and potential reversal points.
3. Can price action patterns be combined with technical indicators to improve trading effectiveness?
Yes, combining price action patterns with technical indicators can significantly improve trading effectiveness. This synergy can enhance the reliability of signals and assist in trend confirmation, especially in highly volatile markets. But keep in mind: indicators are auxiliary tools for price action, not a substitute.
4. How do economic news releases affect price action patterns in a consolidating market?
The release of economic news may disrupt established price action patterns, trigger news volatility, and affect market sentiment and trading psychology. When planning entry timing, the impact of economic data needs to be evaluated, as these events may break the original consolidation range and trigger new trends.
5. What risk management strategies are most effective when trading price action in a consolidating market?
It is recommended to set tight stop losses and strictly control position sizes, while maintaining a favorable risk-reward ratio. In addition, trading psychology is crucial in consolidating markets. Be sure to maintain discipline and be prepared for sudden changes in market volatility.
The master leads the way, and the practice is up to the individual. Next, it's up to everyone to study in depth.
Today's last lesson, let's popularize the professional terms in the trading process.
1. Position
Refers to the ratio of the actual investment and the actual investment funds of the investor.
2. Build a position
Buy virtual currency.
3. Full position
Buy all the funds into virtual currency at once.
4. Heavy position
Compared with available funds and virtual currency, virtual currency accounts for a larger share.
5. Light position
Compared with available funds and virtual currency, available funds account for a larger share.
6. Empty position
Sell all the virtual currency held and transfer it all to funds.
7. Reduce positions
Sell some of the virtual currency, but not all of it.
8. Add positions
Buy virtual currency in batches, such as: first buy 1 BTC, then buy 1 BTC.
9. Take profit
After gaining a certain profit, sell the virtual currency held to protect the profit.
10. Stop loss
After losing to a certain extent, sell the virtual currency held to prevent further losses.
11. Bull market
The price continues to rise, and the outlook is optimistic.
12. Bear market
The price continues to fall, and the outlook is bleak.
13. Long (going long)
Buyer, believes that the price of the coin will rise in the future, buys the coin, and sells it at a high price after the price of the coin rises to make a profit.
14. Short (short selling)
Seller, believes that the price of the coin will fall in the future, sells the coins held (or borrows coins from the trading platform), and after the price of the coin falls, buys at a low price to make a profit.
15. Rebound
When the price of the coin falls, the price rebounds and adjusts due to the rapid decline.
16. Consolidation (sideways)
The price fluctuates slightly and the price of the coin is stable.
17. Slow decline
The price of the coin is slowly declining.
18. Plunge (waterfall)
The price of the coin falls rapidly and the amplitude is very large.
19. Cutting losses
After buying virtual currency, the price of the coin falls, and the virtual currency is sold at a loss to avoid further losses. Or after borrowing coins to short, the price of the coin rises, and the virtual currency is bought at a loss.
20. Trapped
Expect the price of the coin to rise, but the price of the coin falls after buying; or expect the price of the coin to fall, but the price of the coin rises after selling.
21. Unlocking
After buying virtual currency, the price of the coin falls, causing a temporary book loss, but then the price of the coin rebounds, turning losses into profits.
22. Missing out
After selling virtual currency due to a pessimistic outlook, the price of the coin has been rising all the way, and I failed to buy in time, so I failed to make a profit.
23. Overbought
The price of the coin continues to rise to a certain height, the buying power is basically exhausted, and the price of the coin is about to fall.
24. Oversold
The price of the coin continues to fall to a certain low point, the selling power is basically exhausted, and the price of the coin is about to rebound.
25. Inducing longs
The price of the coin has been consolidating for a long time, and the possibility of a decline is high. Most shorts have sold virtual currency. Suddenly, the shorts raise the price of the coin, inducing longs to think that the price of the coin will rise, and they buy in. As a result, the shorts suppress the price of the coin, causing the longs to be trapped.
26. Inducing shorts
After the long buys virtual currency, it deliberately suppresses the price of the coin, causing the short to think that the price of the coin will fall, and they throw it out, and as a result, they fall into the trap of the long.
Whether you are a novice or an expert in the coin circle, what you gain from me is not only financial income, but also growth in investment knowledge and experience.
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