The dumbest way to trade cryptocurrencies, from now on, is like having a cheat code in the crypto space, with a green light all the way, simply because I have firmly grasped the following 10 rules.
1. For strong cryptocurrencies, if they fall for nine consecutive days from a high point, be sure to follow up in a timely manner.
2. For any cryptocurrency, if it rises for two consecutive days, be sure to reduce your position in a timely manner.
3. For any cryptocurrency, if it has risen more than 7%, there is still a chance for further gains the next day; you can continue to observe.
4. For strong bull cryptocurrencies, be sure to wait for the end of the pullback before entering the market.
5. If any cryptocurrency has three consecutive days of dull fluctuations, observe for another three days; if there is no change, consider switching.
6. If any cryptocurrency fails to recoup the previous day's cost the next day, it should be exited in a timely manner.
7. If there are three cryptocurrencies on the rise list, there must be five; if there are five, there must be seven. Cryptocurrencies that have risen for two consecutive days should be entered at a low point, as the fifth day is usually a good selling point.
8. Volume and price indicators are crucial; trading volume is considered the soul of the crypto space. When the price breaks out with increased volume at a low level, it must be paid attention to; when it shows increased volume at a high level but stagnates, one should decisively exit.
9. Only choose cryptocurrencies that are in an upward trend for operations, as this maximizes your chances and won't waste your time. A 3-day moving average turning upwards indicates a short-term increase; a 30-day moving average turning upwards indicates a medium-term increase; an 80-day moving average turning upwards indicates a main upward wave; and a 120-day moving average turning upwards indicates a long-term increase.
10. In the crypto space, small funds do not mean no opportunities. As long as you grasp the correct methods, maintain a rational mindset, strictly execute your strategy, and patiently wait for opportunities to arise.
I saw a news story about a post-95s sewage worker. He made money trading cryptocurrencies but did not want to give up his job. So he worked as a sewage worker in the morning and drove a Mercedes in the afternoon, while his wife, dressed in Chanel, sat next to him, unwaveringly supporting him. The comments section exploded! People sighed that the crypto world truly challenges conventional views and is really hard to understand! This spirit of not fearing societal judgment, working diligently, and inheriting a family business is truly rare! The crypto world reflects the unglamorous aspects of the underprivileged rising up. Thanks to socialism, all workers have received equal respect.
A delivery worker said a hard rule: I deliver food to residents of high-end communities, where the people are all of high quality. They are all very kind. Residents of high-end communities are polite and won't nitpick me just because I'm a bit late. When I deliver to old and dilapidated communities, the people there have low quality. They are often aggressive, and one is very ugly. They are rude, full of dirty words, and often threaten to complain about me.
Bitcoin (BTC) is another excellent choice besides gold. The bull market next year certainly won't be as large as this year's, which saw a threefold increase. At most, it could rise another time to $200,000. However, given the large base, doubling it is still quite impressive. Globally, it is now almost impossible to find a better investment target than Bitcoin (BTC). Real estate and stocks are also quite challenging.
After ten years of trading cryptocurrencies, I entered the market with 50,000, and now I support my family through trading! It can be said that I have tried 80% of the methods and techniques in the market. If you want to treat trading as a second career to support your family, sometimes listening more and observing more can reveal things outside your understanding, at least helping you avoid five years of detours.
I am Xiao Yan, having experienced multiple rounds of bull and bear markets in cryptocurrencies. I entered the field three years ago, became proficient in five years, and have dominated for ten years. I possess rich trading experience in many areas of the crypto world. Follow Xiao Yan to clear away the fog of information and gain insight into the real crypto market. Seize more opportunities for wealth growth and discover truly potential cryptocurrencies; don't miss out on good opportunities!
