Let me tell you a feasible plan. If you can execute it, it is possible to make 1 million from a few thousand yuan.
Here is my personal test method to tell you: There is only one way to quickly increase from a few thousand yuan to 100,000 yuan: (rolling position) +
Step 1: First, convert your several thousand dollars into U and divide it into three parts!
Step 2: Do contract + in three times, with a multiple of 100, and a position of 60% each time, full position, just do Bitcoin or Ethereum, operation time: evening
Between 9:30 am and 4 am!
Step 3: Do three contracts. If you win all three times, your capital will be several thousand U. If there is a big market, it can reach tens of thousands U.
Step 4: Continue the previous day’s operation, divide the principal into three times, and repeat the same operation three times!
In the past few years of working in the cryptocurrency industry, I have experienced the despair of liquidation and the joy of doubling my profits.
Share this with everyone, I hope it helps everyone! I suggest you like and save it first to avoid losing it later~
1. Choose the right trading time to avoid daytime "minefields"
The cryptocurrency market during the day is like an "information melee"! False positive and false negative news are everywhere, the market is jumping up and down, and you will be lured into it if you are not careful.
To be more or to lure the short side.
Suggestion: Avoid the "chaos" during the day and make a move after 9 p.m. At this time, market news is basically settled, the K-line pattern is clearer, and the direction is judged.
It is also more accurate, which is equivalent to adding a "safety lock" to yourself.
2. Put your profits in your pocket and don’t let them fly away
"Wanting to make more money after making money" is the root cause of many people losing money! Don't always fantasize about doubling your money, locking in your profits in time is the best way.
How to do it: For example, if you make 1000U profit on the day, withdraw 300U to your bank card immediately, and continue trading the rest.
You want 5 times the money, but end up losing everything in one callback. The money is real money only when it’s in your wallet!
3. Use indicators to speak, and avoid making decisions based on one’s own ideas
Doing business based on your feelings? That’s no different from gambling!
Tool recommendation: Download TradingView and focus on these 3 indicators
MACD: Golden cross is bullish, dead cross is bearish
RSI: Overbought (>70) beware of callbacks, oversold (<30) pay attention to rebounds
Bollinger Bands: Narrowing and accumulating strength, breaking through the upper band is bullish, breaking through the lower band is bearish
Principle: Consider entering the market only when the signals of at least two indicators are consistent, so as to reduce the probability of error!
4. Stop loss must be "live" 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 a 50U profit;
When you cannot watch the market: set a 3% hard stop loss! To prevent yourself from being wiped out by a sudden crash, you have a chance to turn things around only if you have the principal.
5. Weekly mandatory withdrawals, no digital games
If you don’t withdraw the money in your account, it will always be just a string of numbers!
My habit: I transfer 30% of my profits to my bank card every Friday, and I continue to roll over the rest. If I stick to it for a long time, my wallet and account will be stable.
Growth, psychological pressure will be much less ~
6. K-line usage guide to find the right time to enter the market
Short-term operation: keep an eye on the 1-hour chart, and try to go long if there are two consecutive positive lines;
Volatile market: Switch to the 4-hour chart, and enter the market when the price drops to near the support level. It is safer to buy at the bottom!
7. Don’t fall into these traps!
▲ Leverage: Do not exceed 50 times, the higher the leverage, the greater the risk;
Currency: Stay away from Dogecoin, Shitcoin and other altcoins, as the dealers will reap the profits without hesitation;
▲Frequency: No more than 3 orders per day. Frequent trading can easily lead to overexertion.
▲Funds: Never borrow money to trade cryptocurrencies, and don’t touch money that you can’t afford to lose!
Today, I will not only talk about the most fatal misuse of RSI,
At the same time, I will also teach you a more reliable and logical way to use RSI correctly.
Use the right words
I believe it will be of great help to you in your trading!
What is RSI?
RSI is a relative strength index.
It uses a line to show the relative strength and weakness between the bull and bear sides.
To measure the momentum of an upward or downward trend
Simply put
When the power of the Yang line is greater than the power of the Yin line
The value of the RSI indicator will rise.
on the contrary
When the power of the Yin line is greater than that of the Yang line
The RSI index will fall.
Generally speaking
When the RSI indicator rises to 70 or above
We believe that the market is currently in an overbought state.
That is a signal to sell.
When the RSI indicator falls to 30 or below
We would consider the market to be in an oversold state.
It is a buy signal
So
Here comes the problem!
Since RSI is used to measure the momentum of an upward or downward trend
Then why is it that when the upward force is stronger than the downward force
Should we sell it hastily?
Or if the downtrend is always strong
Why should we buy in rashly?
Isn't this a contradiction?
There is a flaw in the logic!
Oscillators like RSI
It's like a pendulum swinging up and down
Only in a volatile market can it play its greatest role
But the premise is that the amplitude of the oscillation is fixed within a certain range.
When the deviation of each up and down movement is not too big
The accuracy of overbought and oversold trading strategies will be high
Many online teaching videos are telling us
When the market is overbought, prices tend to fall
When the market is oversold, prices tend to rise
but
We encounter more situations where
RSI has been in overbought state for a long time
But the price keeps going up
Or the RSI has been hovering in the oversold area
Tell you to keep buying
But the price keeps falling
Leading to continuous losses
This is the most fatal misuse of RSI.
To be more precise
The most fatal mistake of RSI is that it is not accompanied by other factors.
Relying solely on overbought or oversold signals to make trading decisions
We should look for more evidence, more market signs
To prove our judgment
Use the least risk and cost to leverage the most lucrative profits
RSI Advanced Strategy: Divergence
Next I will teach you more advanced uses of RSI:
To put it simply
That is, the current price diverges from the RSI indicator.
Price says: I still have the strength to maintain the current trend
But the RSI suggests that the momentum of this trend is getting weaker and weaker.
There was a trend of decline
There may be a reversal at any time
Before understanding this strategy
We must first understand how to identify trends
General meaning
An uptrend is defined as a trend formed by three pivot points ABC.
They are higher highs, higher lows, higher highs
If an upward trend continues
The market will continue to push prices up
Then let it go and let it pull back and push it up again
In this process, new higher highs and higher lows will continue to form.
same
In a downward trend
It is also formed by three fulcrums ABC
They are lower lows, lower highs, lower lows.
Same as rising
The market will continue to push prices down
Let it go and let it rebound
Continue pushing down
In the process of a continued decline
The market will continue to create new lower lows, lower highs, and lower lows
无论是上升或者下跌
There's actually one thing behind it.
When the market is rising, the buying power is generally greater than the selling power.
The upward kinetic energy is greater than the downward kinetic energy
So the price goes up step by step
When the market falls
The selling force is generally greater than the buying force
The downward kinetic energy is greater than the upward kinetic energy
So the price is falling step by step
At this time
The RSI undercover indicator can work
On the surface, the K-line price is still one wave higher than the other
Keep setting new highs
But RSI, the undercover agent, secretly gives us hints
This trend has shown signs of decline.
The momentum of the market's upward push has been lower than the previous wave.
The buying power may have run out.
A new trend is about to begin
The same is true for the decline
The market is still making new lower lows
One wave is lower than the next wave
But RSI moves in the opposite direction to price
Making higher lows
The above two situations are called RSI divergence.
In addition to RSI
The concept of divergence can also be applied to other oscillating technical indicators.
Such as Stochastic, MACD, etc.
Divergence can be divided into two types: Regular Divergence and Hidden Divergence.
(Also called true divergence & false divergence)
What we talked about above is Regular (regular deviation)
Applicable in case of trend reversal
There is also a divergence of Hidden Divergence
Suitable for trend continuation
In order to prevent everyone from absorbing too much knowledge and causing indigestion
We will explain the false divergence in detail another day.
At that time, I will use the two technical indicators of MACD and Stochastic together
Today, I will only learn Regular
Just learn this
It can greatly increase your success rate in trading with the RSI indicator.
Although RSI divergence is a chance
You can intervene in a reversal trend at the beginning of the trend
But the prerequisite is to have a very precise entry point
Because the departure is just a phenomenon
Let us know that there is a great chance that the market will have a new trend next
We still need other confirmation signals
To help us find a precise time
Not too early, not too late
Enter the market at the best time
Next, let’s look at two real-world examples.
Example 1:
First RSI bearish divergence chart
Although this is not a K-line chart of digital currency
But it also explains the problem
The white line above is the RSI indicator.
We can see that the K-line below is hitting a new high
But the RSI at the corresponding point is hitting a new low
It is a divergence pattern.
I marked them with two lines.
This will look clearer.
This divergence tells us two things.
No. 1: The upward force is weakening
2. A bearish engulfing candlestick pattern appears at the top of the trend, which is a good time to enter the market
We should enter decisively at this time
Another point to note is that
The reason why I chose this chart as an example
I hope to tell you some trading management practices through this example.
Take this transaction as an example
Suppose we use the bearish engulfing as our entry point
Your transaction has actually reached a 1:1 profit and loss ratio
According to common sense
This kind of order is actually not worth doing
What should I do then?
At this time, we can set our stop loss point to the entry point
so
Our transaction becomes risk-free.
Your mentality will be much more relaxed
Because you know the worst case scenario is neither winning nor losing
Of course
Everything has two sides.
Another thing that might happen is
The price hits your stop loss when it pulls back
Then continue to fall
You miss the opportunity
But if you really don't like the feeling of losing money
This method can really help us reduce a lot of uncomfortable feelings
Make a deal
Survive first, then make money!
It is important to slowly build up confidence in trading.
When you really get familiar with this
It’s not too late to slowly seek more aggressive methods!
Example 2:
Let’s look at another example of a positive RSI divergence.
The K-line shows that the price is lower than the previous wave
A new low
But the RSI divergence line seems to have made a higher low
At the same time we see a bullish engulfing candlestick pattern at the bottom
Proof of buying power starting to emerge
And even more powerful
From the intelligence provided to us by the undercover agent RSI
Plus the candlestick pattern as a double confirmation
Trend reversed smoothly
Okay, that's about it.
For better understanding and memory
I made a summary note for everyone at the end of the film.
Today we learned about the Regular divergence among the two types of divergence.
Divergence should never be used alone
It will be better if you combine more K-line patterns or indicators
For bearish divergence
The K-line price is constantly creating new higher highs
One wave higher than the other
The corresponding RSI indicator is creating a new lower high.
At this time, it indicates that the market is changing from strong to weak.
Bearish
Find a new entry number and prepare to enter the market
For a bullish divergence
K-line prices are constantly hitting new lows
One wave is lower than the next wave
The corresponding RSI indicator is creating higher lows
At this time, it indicates that the market is changing from weak to strong.
Bullish
You can click to enlarge
Save the above picture to your phone
When you doubt whether there is a divergence in the real market
You can turn it over and take a look
As time goes by, you will gradually become proficient
RSI divergence is usually formed by a bunch of K-lines accumulated over time.
So when using this strategy
You need to be patient enough
It will be more reliable if combined with overbought and oversold strategies
If applied well
Can greatly improve your trading performance
I hope you always remember one thing
Remember to do risk management every time you make a trade
Consider how much risk you can and are willing to take
Because no trading strategy is a sure win
You can try it out with a demo account before actually using it in a transaction.
Now that the market is active again, we definitely need new star sectors or currencies to trigger a new bull market. If you catch one, you will make a lot of money, and if you catch several, you will make huge profits!
#趋势交易策略 #币安HODLer空投LA #BTC再创新高
$BTC