A Seven-Year Tale of Blood and Tears in the Crypto World!
In the first three years, I lost over a hundred, but in the following years, I made back a few hundred; every bit of profit was earned by paying tuition!
This market always repeats one truth:
90% of retail investors chase news, 9% of smart people follow the big players, and 1% of aggressive traders dissect the market using daily moving averages!
Treat the 5-day moving average as the head of the emergency department, the 30-day moving average as the internal medicine expert, and the 60-day moving average as the seasoned traditional Chinese medicine doctor!
When the 5-day line crosses above the 30/60-day line, it’s a signal to rush the market to the ICU for rescue; crossing below is the retreat alarm!
Never enter the market when moving averages clash; only pull the trigger when all three lines point in the same direction!
The irony of the crypto world is that the simpler it is, the more profitable it becomes; a breakthrough in the 5-day line is the moment to draw your sword, and a turn in the 60-day line means to sheathe it immediately!
I’ve seen too many people treat their trading plans like sweat towels; those who truly make money are emotionless signal-executing machines!
There was a tough guy who received a warning about the 5-day line breaking at a wedding; he hid in the restroom to close his position before coming out to exchange rings!
You can doubt your own judgment, but never doubt the moving averages that form a collective force!
If you want to survive in this industry, either become that 1% wolf yourself or follow the wolves to eat meat!
