In the crypto world, relying on luck has become a thing of the past. With its popularization, what is now being tested is real skill. Below, I will share my experiences from over a decade in the crypto world, and you will understand. My experience can be divided into several stages.
One: Entering the crypto world with 8000, catching the bull market, and earning over 10 million (completely reliant on luck).

Two: Losing over 10 million, down to a debt of 8 million (lost due to luck + skill)

Three: From borrowing 200,000 to entering the market to 20 million (luck + skills).

Four: From over 20 million to currently over 2 little suns (completely reliant on skills).

Five: Currently ongoing, waiting for the next round of bulls to reach 10 little suns (completely reliant on skills)

It's a bit lengthy, but if you can patiently read through, I believe it will be very helpful for your investment journey in the crypto world!

You might question it when I say it, but it doesn't matter. The reason I'm here on Zhihu is simple: sharing my knowledge can genuinely help some people and families. It's worth it! Criticism is fine; as long as you understand how to make money in the crypto world, that's enough.

Now let's talk in detail about the insights and valuable content I've gained through these stages!

Making money in trading is actually this simple; you just need these three steps! Master them, and you can easily multiply your account by 10 times!

Step 1: First, observe the trend.

Step 2: Look for key levels again.

Step 3: Look for entry signals.

Enter, take profit, close the position, and leave.

Isn't it simple?

Let's elaborate on the following points.

Step 1: First, observe the trend.

The state of a market.

There are only three possible outcomes for a major trend: up, sideways, or down.

What is a major trend? Look at the cycle chart above 4 hours.

Buy in an uptrend, sell in a downtrend, do not trade in a sideways market.

Step 2: Look for key levels.

Regardless of whether the market is rising or falling, it will bounce like a bouncing ball, jumping level by level from bottom to top or top to bottom.

What we need to do is enter at the jumping point and find the next landing point; how to precisely locate the steps becomes crucial.

This is what we refer to as key levels (main support and resistance levels).

(To accurately find the main support and resistance levels, refer to my previous articles.)

Step 3: Look for signals.

Generally, if you spot a trend in a long cycle, you should look for trading signals in a shorter cycle.

Everyone is skilled in different combat strategies; mastering one or two is sufficient.

More importantly, quickly formulate a trading strategy.

A complete trading strategy includes

(1) Asset - What to trade;

(2) Position - How much to hold;

(3) Direction - Long or short;

(4) Entry point - At what price to trade;

(5) Stop-loss - When to exit a losing trade;

(6) Take profit - When to exit a profitable trade;

(7) Countermeasures - How to respond to unexpected situations;

(8) After-hand - Operations after the trade is finished.

The famous TLS technical analysis method, trend + key positions + signals = successful trading.

Every time before placing an order, follow the process to develop a strategy; I believe you won't lose too badly.

Form good habits; over time, you will discover your shortcomings in the trading process. Work hard to change them, and you will succeed! Without further ado, let's get straight to the valuable content!

Each triangle in a continuous formation consists of 6 turning points.

Divided into symmetrical triangles, ascending triangles, and descending triangles.

The formation of triangle patterns reflects the constantly changing psychology of bulls and bears in the market.

The introduction and trading strategies for each type of triangle are as follows:

1: Ascending triangle

Ascending triangles generally appear in an uptrend, with the upper side being horizontal and the lower side sloping upwards.

How to trade using triangle patterns?

The principle of buying low and selling high in the profitable crypto world allows us to determine high or low points using triangle patterns, thus creating trading opportunities!

Similar to reversal patterns, triangles also have three entry opportunities: the last turning point, the breakout point, and when the trend retraces.

In an ascending triangle, you can buy in at the 6th turning point a, with a stop-loss set below this point a.

You can also buy at the breakout point b, setting the stop-loss below point b.

Or buy in when the price retraces to the low point c, setting the stop-loss below point c.

Typically, the lowest target level, as shown in the picture above, is the parallel line connecting the first turning point to the opposite turning point, at the intersection with the trend.

2: Descending triangle

Descending triangles generally appear in a downtrend, with the upper side sloping down and the lower side being horizontal.

The same reasoning applies; the trading strategy is as follows:

In a descending triangle, you can sell in at the 6th turning point a, with the stop-loss set below this point a.

Prepare to place your orders!

Currently in a bull market, with opportunities arising every day, we share codes.

Continue to follow: $ETH $BTC #币安Alpha上新