From dreams of wealth to a debt of 500,000: My lessons in cryptocurrency contracts
My first bucket of gold in the cryptocurrency market: from 42 million to financial freedom A post-90s girl, graduated from university in 2012, entered the cryptocurrency market in 2016, now owns two houses, two cars, and spends 100,000 monthly without pressure, with assets mainly on exchanges. 1. Staying up late is normal For cryptocurrency traders, staying up late is commonplace. Long-term monitoring of the market and analyzing news can be exhausting, making many traders appear ten years older than their actual age. Fortunately, I still pay attention to my appearance, after all, 'we rely on our looks to eat', haha. 2. The anxiety behind the ease Many people think that cryptocurrency traders live a glamorous life, but in reality, our lives are more about monotonous monitoring and reflection. Even when going out, we cannot fully relax because too many people trust us; each trust is a pressure. This pressure drives us to continuously improve but also prevents us from truly stopping.
After 10 years of stock trading in the market, I made 4.8 million, relying on the simplest methods.
I was born in a rural area and saved some money after working for a few years. When I first started trading stocks, I was lucky; whatever I bought went up, so I got impulsive and ended up getting trapped. After that, I quit my job to focus on research and traded stocks full-time. On the path of hard work, I achieved my goals: I have a house to protect me from the wind and rain, and a car to drive freely. #BTC
Regarding my success, I have summarized 🔟 rules, hoping to help newcomers to the stock market avoid detours. #ETH
1⃣, For funds below 300,000, analyze trends once every quarter, and never go all-in.
2⃣, Don't always trade ultra-short; it's hard to grasp small-level ranges, and frequent trading is a gambler's behavior that only benefits brokers.
3⃣, Pay attention to stocks with increased volume at the bottom, as they may indicate a turning point in the market.
4⃣, Be decisive when trading stocks; buy and sell according to your plan, enter at target levels, exit at stop-loss levels, set stop-loss limits and don't change them, and eliminate lucky thinking.
5⃣, When encountering company restructuring or major positive news, don't exit on the same day; sell on the next day's high opening, as good news often comes with risks.
6⃣, Control the number of stocks held; no more than 3 for under 200,000, and no more than 5 for under 500,000. Holding too many stocks spreads your energy and knowledge too thin.
7⃣, Wait for the K-line to be above the 20-day moving average before entering the market, as major trends usually start from this basis; below the 20-day moving average, institutional investors often wash out positions.
8⃣, When a stock enters a main upward trend, only look at trading volume; if the volume is stable or decreasing, continue to hold; if the volume increases, sell.
9⃣, After making a profit, withdraw your principal first; this way, your mindset remains good, and you won't increase your position due to trading difficulties, leading to profit loss.
🔟, The money made in the market is from cognitive understanding; improve your cognitive ability to earn money, avoid gambling, learn more, and maintain humility, caution, and patience.
Networking is very important; it can determine your future wealth. When your network is right, making money is as easy as drinking water. Follow me and comment 168, and soar directly!!
Recent prices have shown an overall upward trend, but there has been recent volatility, indicating that the market is in a digestion phase with low trading volume, reflecting a wait-and-see state. Currently, both the short-term moving average (MA7) and the long-term moving average (MA30) indicate a bullish trend, and the candlestick patterns exhibit strong buying power.
In the short term, despite the current strong market performance, recent volatility and low trading volume may signal a consolidation phase in the near term, posing a risk of corrections. Prices may consolidate around MA7, and attention should be paid to the doji star and top/bottom formation signals on April 13, as there may still be fluctuations in the short term.
Recommendation: The overall market trend remains upward; therefore, it is not advisable to chase after high prices. When the market enters a consolidation phase, it is recommended to maintain a wait-and-see approach, and make further decisions after the market clarifies its direction. Focus on the trends of MA7 and MA30, as well as changes in trading volume as a basis for further trend identification. Resistance level at 86100.00 and support level at 74508.00 can be monitored as key points, and set stop-loss levels near the support level to manage risks.
2. Technical Analysis
Candlestick Patterns: The doji star at 16:00 on April 13 indicates a potential reversal or consolidation, while the current solid bullish candlestick shows strong buying power.
Volume: Recent trading volume is at a low level, with reduced market volatility, indicating a wait-and-see state among buyers and sellers.
MA: The short-term (7-day) and long-term (30-day) moving averages continue to rise, with prices above the moving averages indicating a strong upward trend.
3. Potential Buy/Sell Points
Buy Point: 84800 USDT (close to the MA(7-day) moving average support level, and the current candlestick shows strong buying power, suggesting a potential continuation of the upward trend)
Long Stop Loss Point: 84000 USDT (if the price breaks below the MA(7-day) support area, it may trigger further declines)
Sell Point: 86100 USDT (close to the previous high resistance level, the market may experience selling pressure adjustment here)
Short Stop Loss Point: 86500 USDT (breaking above the previous high resistance indicates the continuation of the bullish trend, triggering a stop loss)
After losing 3 million in the crypto market, here's how I turned 30,000 capital into a comeback
Last year, I sold my house and went all-in, resulting in a total loss, leaving only 30,000 USDT in my account. Now, 8 months later, my account has grown to 680,000 USDT—this is not a myth, but a practical system developed after stepping into over 20 pitfalls
1. First, kill the 'gambler's mentality': 3 traps that can wipe out 30,000
Impulsively opening positions at 2 AM (70% of losses come from emotional trading) Going all-in with leverage (before the total loss, I used 2 million capital with 10x leverage)
First step to break the cycle: divide the 30,000 into three parts (10,000 spot + 10,000 arbitrage + 10,000 contracts), check the market at three fixed times each day, and refuse to be anxious about watching the market.
2. Certain strategies to turn 30,000 capital around
1. Spot arbitrage: earn 15% weekly with brainless arbitrage
2. Contracts only capture data trends: 2% stop-loss + 5% take-profit
Before non-farm payroll data, based on rising unemployment rate (positive for BTC) and institutional accumulation (funding signals), place a buy order at 16,800 USDT, stop-loss at 16,500 USDT (loss of 300 USDT), take-profit at 17,600 USDT (gain of 800 USDT). Won 6 out of 7 data trades, growing the contract capital from 10,000 to 23,000
3. Three-filter method for value coins: do not bet on hundredfold returns, only make certain profits
Track: only choose RWA and compliant platform coins (certain narrative for 2024) Data: Top 50 by market cap, institutional holdings >30% (filter out meme coins) Technical: MACD bottom divergence + breaking above the 200-day moving average (enter on the right side)
In April, positioned on a certain coin for 3 months, turning 10,000 spot into 40,000
3. Three iron rules more important than making money
1. Always keep 30% of capital in USDT: dare to buy the dip during sharp drops (last year's 519 used USDT to buy ETH, earning 35% in a week)
2. Stop-loss is more important than profit: cut any position that loses 2% immediately, which helped avoid an 80% drop in a certain coin
3. Refuse the illusion of quick money: monthly target of 15%, 30,000 × 1.15^8 = 680,000, compound interest is more stable than betting on a single coin
Final key: I avoided six months of detours by using a 'comeback toolkit'
Arbitrage monitoring table tracks price differences in real-time across 10 exchanges
Recent prices have shown a general downward trend, currently around 1552.85.
In the short term, although the MA7 has formed a 'golden cross' with the MA30, indicating a potential rebound, the overall trading volume is insufficient to support the strength of the rebound. Furthermore, the bearish engulfing pattern following the three white soldiers reflects a weakening of bullish momentum. Coupled with cautious market sentiment and trading volume, the rebound strength may be limited.
Suggestion: Given that the market is still in a relatively weak trend and the rebound lacks significant trading volume support, it is suggested to remain on the sidelines. If the price breaks through the resistance level of 1560 or if a clearer rebound signal appears, consider short-term testing of long positions; however, if the price breaks down below the support level of 1500, one should be wary of the risk of further downward movement in the market and take profits appropriately.
2. Technical Analysis
Candlestick Pattern: Downward trend, bearish engulfing after three white soldiers, doji indicates a potential change in trend. MA: Short-term MA (7) golden crosses long-term MA (30), indicating short-term rebound signs, overall trend is weak. Volume: Low trading volume, cautious market sentiment, insufficient support for rebound.
3. Potential Buy/Sell Points
Buy Point: 1500 USDT (close to recent consolidation bottom, may form support) Long Stop Loss Point: 1380 USDT (if it falls below the important low of 1384, may confirm downward trend)
Sell Point: 1560 USDT (close to MA7 resistance level, may create short-term selling pressure) Short Stop Loss Point: 1600 USDT (if it breaks 1600, indicates that the short-term rebound may continue)
In the short term, the market is influenced by the bullish three soldiers pattern, which has the potential for further upward movement. However, due to a decrease in trading volume, significant fluctuations may occur in the short term, with the price likely encountering resistance around 1558.61.
Suggestion: If considering new positions, watch for rebound opportunities near the support level around 1384.00. It is recommended to consider increasing holdings after the price successfully breaks through and stabilizes above the resistance of 1558.61. At the same time, closely monitor the activity level of market participants and confirm the potential continuation and validity of the trend through changes in trading volume. If the price fails to break through 1558.61 and begins to pull back, it is advisable to temporarily wait and consider reducing holdings. Continuously observe whether the MA short-term moving averages can maintain an upward breakout and assess trend changes.
2. Technical Analysis
Candlestick Pattern: The bullish three soldiers pattern indicates strong buying power in the short term; the doji pattern may suggest a trend reversal but requires confirmation from subsequent candlesticks. MA: The short-term moving average (MA7) crossing above the long-term moving average (MA30) may indicate a potential upward price reversal in the short term.
Volume: Current trading volume is low and decreasing, indicating reduced market trading activity.
3. Potential Buy and Sell Points
Buy Point: 1534 USDT (close to the MA7 support line and within an oscillating upward trend, potentially forming a rebound opportunity)
Long Stop Loss Point: 1380 USDT (if it falls below the previous low of 1384.00, the trend reversal may continue downward)
Sell Point: 1688 USDT (close to a local high, there is a risk of selling pressure, potentially forming a resistance level)
Short Stop Loss Point: 1700 USDT (if it breaks above the 1688.00 high, it indicates the continuation of the upward trend)
The market is unpredictable, so do not rush to enter the layout.
First, let's briefly summarize the market dynamics. BTC surged strongly yesterday, moving in a continuous manner without any signs of stopping, and today it still maintains high volatility without a sharp decline.
From the current price, BTC's pullback does not seem to have ended; the current extent of the pullback appears negligible compared to the previous gains, so there is still room for further pullback.
However, the 81,000-point level serves as solid support from the previous market cycle, and major funds may stabilize at this position, continuing to maintain its support strength. The intentions of the market leaders are still unclear, so we can only take it step by step and proceed with caution. #加密市场反弹
Next, let me roughly outline the possible market trends. If the trading volume decreases during this pullback process and the price stabilizes without further declines, and the depth of the pullback is in place, then this will be a positive bullish signal.
Conversely, if the pullback is accompanied by an increase in trading volume and the price declines significantly, then yesterday's uptrend may turn out to be a temporary rebound, and the market may experience more severe fluctuations afterward. Therefore, from the current market situation, everything is possible; we need to remain calm and observe as we go.
In addition, the recent influx of market news has led to increased volatility and consequently heightened operational risks. Therefore, it is advisable for everyone to remain rational, to the point, and not to be overly impatient in opening positions. Patiently wait for the market to clarify, while I will continue to monitor market dynamics and synchronize the latest updates for everyone.
Trends come first, layouts come later! Follow me and comment 666! Get on board!!! #保护您的资产 #特朗普暂停新关税
For ordinary investors, making a profit in the market is indeed full of challenges and not an easy task.
Unless one encounters truly reliable guidance, the path will be particularly rugged. Looking back at my ten years of experience in the digital currency field, those days felt like I was praying for good luck every day. #BTC走势分析
I explored slowly and studied carefully; although it cannot be considered a big profit, I also experienced losses, which is rare to some extent.
Through the accumulation of years, I have come to deeply realize that often only well-capitalized large investors can secure victory in the market.
Of course, if one can receive guidance from experts and gradually accumulate experience, it is also a viable path to achieve growth. In contrast, many ordinary investors are more like the 'chives' that can be easily harvested in the market.
Shocking Twist! The China-U.S. trade dispute welcomes a major buffer, with tariffs significantly reduced to 34%!
Both China and the U.S. have finally broken the deadlock, joining hands to cut tariffs to 34%, while China has also withdrawn previous countermeasures and decided to suspend implementation for 90 days. #ETH
Behind this move by the Trump administration may lie hidden motives, intending to first establish a 10% baseline tariff, leaving the remaining space as negotiation leverage. The future trade battlefield is fraught with uncertainty, and the direction of the situation remains shrouded in fog! #BTC
Analysis of the situation's direction, if you have questions, follow me, trends come first, layout comes later!
This scene seems to take me back to the tumultuous times of March 2020, when the US stock market experienced daily dramatic plunges and circuit breakers, and the cryptocurrency market also fell into chaos, with everyone feeling insecure, and discussions about the bottom became fraught with anxiety, while the idea of bottom-fishing almost disappeared. I too could not escape the norm; I neither dared to make a bold cut nor to rashly bottom-fish, and my heart was filled with worries about the apocalypse of the cryptocurrency market.
However, the rapid reversal of the plot later was astonishing: starting in September 2020, the market gradually warmed up, and by May 2021, it soared to new heights. Learning from this, the second half of this year may usher in a turning point, and by 2026, we may once again witness a new historical peak. #美国加征关税
The current situation is strikingly similar to those years, and I am already eager to act, ready to invest in Ethereum again. Bitcoin has only fallen 30% from its peak, which is not enough to be called a true bear market, but many other cryptocurrencies have already sunk deep into the bear market, with Ethereum and others plummeting over 70% from their highs. However, after experiencing the last bull market, I know well the way of holding coins: the more Bitcoin, the better.
But new difficulties have emerged: if the market makers see the public's desire to hoard coins, they might deliberately neglect Bitcoin, instead hyping up altcoins, enticing retail investors to sell their Bitcoin at a loss, and then pump the price after retail investors are out. Who can bear such a strategy? Nowadays, the path to making money increasingly tests the resilience of one's mindset.
Words from the heart: Do not be fooled by short-term fluctuations; the operations of this year may all be in vain. Bottom-fishing now is indeed a rare opportunity, as coin prices have fallen to rock bottom, making it the right time to position. In the next decade, the trend of currency devaluation is unstoppable; what costs a hundred yuan today may require two hundred yuan to purchase in ten years. Digital currencies like Bitcoin are like the goose that lays the golden eggs; there is no need to overly focus on momentary ups and downs—when Bitcoin reaches ten million and Ethereum two hundred thousand, what will today's fluctuations amount to?
The cycle repeats itself, just like the changing of the seasons; though occasionally late, it has never been absent. Back in 2020, I too doubted whether 'this time is different', only to be harshly confronted by reality. The cycles of the cryptocurrency market may deviate by at most half a year to a year; only by enduring loneliness can one taste the fruits of victory. Let us encourage each other!
Follow Uncle Jin: The trend is ahead, the layout comes later!!! #加密市场反弹 #特朗普暂停新关税
Chinese business giant Zhao Changpeng: Three wise suggestions for the new generation of Web3!
In 2017, Zhao Changpeng led a team of only 30 elites, starting from scratch, to single-handedly create the Binance empire. They used technological innovation as their spear and achieved a groundbreaking trading processing capability of millions of transactions per second. In just six months, they stood at the pinnacle of exchanges!
Today, Binance boasts a massive user base of over 100 million, with daily trading volume approaching one trillion, and the title of "dominant force in the cryptocurrency world, surnamed Zhao and named An" is by no means an exaggeration!
At the dazzling event of BNB CHAIN, we had the fortune to share the stage with this legendary figure, and his insights were profound. Zhao Changpeng generously shared three secrets to success:
1️⃣ Stick to the long-term path
Do not let the fleeting fluctuations of cryptocurrency prices confuse your mind; the deep technology of Web3 is the treasure that never fades. Only by focusing on the fundamentals can one unearth true gold!
2️⃣ Explore new domains with compliance
The dual support of licensed exchanges and on-chain wallets allows for borderless asset circulation; only under compliance can one steadily mine gold globally!
3️⃣ Embrace endless learning
From the wave of DeFi to the dawn of on-chain AI, the Web3 world is changing rapidly, and every emerging track hides the miracle of wealth creation. Dare to try new things and be bold in exploration; this world rewards those who dare to take risks with endless possibilities, the new generation of Web3! #美国加征关税 #保持SAFU
The WLFI Foundation of the Trump family sold 5,471 Ethereum (ETH) at an average price of $1,465, successfully cashing out approximately $80.1 million.
However, tracing its purchase history, the fund had previously invested about $210 million to acquire 67,498 Ethereum at an average price of $3,259 each, and the current paper loss amounts to approximately $125 million.
Earlier, questions were raised about the fund's strategy of heavily investing in Ethereum, as its herd behavior led many retail investors into deep losses. Unlike the real monetary losses of retail investors, WLFI is able to realize profits even after selling, while retail investors can only silently bear their losses.
Now, in the face of a continuously declining market, WLFI has also chosen to make painful sacrifices, which undoubtedly reaffirms that even in the investment world, faith often struggles to withstand the harshness of reality.
Another shocking piece of news is that MicroStrategy is also facing significant financial pressure, publicly stating that if the price of Bitcoin (BTC) continues to decline, the company may have to sell its held Bitcoin below cost to meet financial obligations.
It is reported that MicroStrategy currently holds 528,185 Bitcoins, with an average cost price of $67,458, totaling approximately $40.119 billion in value. If forced to sell, $745 may no longer be the market bottom, but rather signal a further slide towards the $6,000 range.
In the face of such a severe situation, all cryptocurrency investors must remain vigilant and prepare for adequate defense. Panic is spreading, and whether the price of Ethereum can drop below three digits has become the focus of market attention.
Recently, a friend wanted to go long on Ethereum, but unfortunately faced a heavy loss due to liquidation. I had advised him to act cautiously, as the volatility of Ethereum at over $2,800 is enough to make one anxious.