I started trading cryptocurrencies in $BTC 17, and from 2021 to 2024, I accumulated an eight-digit capital, but it wasn't just good luck; I had to lose enough to understand the principles.
People often ask me, "Bro, what do you look at when you choose coins and buy them?"
To be honest, my current method is super simple, but the results are really steady.
I'll share a bit; if you can understand, you can copy it. If not, just consider me bragging:
First, look at the gain rankings.
Every time I choose coins, the first step is to open the gain ranking,
See who has moved or risen in the last half month, and add them to my watchlist.
Why? Only those that have risen attract attention, which leads to further movement.
Second, check the monthly MACD.
No need for many technical indicators; just look at one thing—Is there a golden cross?
Only with a golden cross is there a trend; don’t expect to rely on a rebound from oversold conditions; I’ve played enough of that gamble.
Third, watch the daily line and focus on the area near the 60-day line.
As long as the coin price pulls back to around the 70-day moving average and there’s an increase in volume, I’ll go in heavy.
No guessing, no gambling; enter when there’s a signal, and rest when there isn’t.
Honestly, those who still gamble below the 70-day line are mostly either losing money or facing liquidation.
Fourth, after entering the market, don’t cling to positions; follow the lines.
Hold above the line, and leave the moment the line breaks; don’t hesitate.
Think about how many people end up in losses because they can’t bear to leave when they’re in profit?
For me, I only believe in discipline now.
Fifth, take profits with a rhythm.
If the gain exceeds 30%, I will definitely cut half;
If the gain reaches 50%, I’ll cut another half,
Don’t think you can eat the entire segment; the market won’t feed you completely, got it?
Sixth, the most important rule—If it falls below the 70-day line, just walk away.
Whether you just bought or have been holding for a few days, a break below is a signal,
Leave immediately, don’t hesitate, don’t be soft-hearted; this rule has saved me countless times.
Some might say that this approach is too mechanical?
I tell you, it should be mechanical; the more emotional you are, the faster you’ll die.
Look at the points I’ve mentioned; which one is hard? None of them are difficult,
The challenge is whether you can actually do it, not whether you understand it.
So if you ask me how to turn things around and make money?
This is the rhythm I learned from losing 6 million.
There will always be market opportunities,
But most people never live to see the wave when they can make money.