Many people in the cryptocurrency world lose money because they can't even understand candlestick charts! But some people leverage candlestick charts to multiply their capital by 10 times or even 100 times!
I have been in the cryptocurrency space for 9 years and have seen too many newcomers rely on news, follow trends, and blindly follow signals, resulting in a 20% account drawdown in a day, and three liquidations in a month, ultimately leading to a blown-up mentality and running away.
However, there are also some individuals who, using only the most basic candlestick patterns and simple position management, manage to steadily profit from the main upward trend, turning their fortunes around in less than six months!
1. How to enter on the left side? Don't go all in at once!
Hit the target in batches! Gradually accumulate positions in 20%, 30%, and 50% proportions. Start with a light initial position, add more as it drops, and use a funnel-style accumulation to reduce cost risk.
Don't frequently average down; moving too quickly before finding the bottom will only lead to deeper losses!
2. How to chase on the right side? Add to your position calmly after confirming the trend!
Buy Point 1: The 5-day moving average crosses above the 10-day moving average, enter with 30% of your position.
Buy Point 2: Breaks the life line and pulls back without breaking, add 30%, bringing your position to 60%!
Buy Point 3: Breaks the neckline and stabilizes, add 20%, reaching an 80% position while waiting for the rise!
Buy Point 4: Another golden cross, add the final 20%, capturing the entire main upward wave!
This method of adding to positions in batches maximizes your gains from the trend while minimizing the risk of being shaken out; it’s stable!
3. You must understand these candlestick patterns (the most practical ones)
T-shape (Dragonfly) ➡️ Appears at the bottom, reverses and moves up; appears at the top, be careful of trend reversal!
V-shaped reversal ➡️ Drops to the bottom, then directly rises, fierce, fast, accurate; if you catch it, you can make a big profit!
Long upper shadow ➡️ Unable to rise, bullish strength exhausted; be wary of a pullback! Especially in cases of high volume.
Long doji ➡️ A tug-of-war between bulls and bears! Especially appears near key support/resistance levels, a precursor to trend reversal!
Long lower shadow ➡️ The main force sweeps away stop losses before pushing up! Often the best signal for bottom fishing!
Water lily emerging ➡️ A large bullish candle crossing above three moving averages! Bullish arrangement + volume explosion = takeoff warning!
Large bullish candle + shrinking volume fluctuation ➡️ Strong institutional control pattern! A classic playbook for institutional entry! In summary: “Others struggle with candlestick charts, I profit from them!” If you still don’t understand candlesticks, or how to average down, take profits, and set stop losses, how can you win?
Come to Z! Don’t be a carrot anymore; understanding a bit about candlesticks means you’re no longer a naive victim.
Master the methods and start today!
