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Reprint ☞ How much money have you made in the crypto world up to today?
Let me talk about myself! I have been trading coins for exactly 10 years now, turning a capital of 300,000 into 40 million, almost capturing all the gains from my holdings! I now support my family through trading coins. I can say that I have tried 80% of the methods and techniques in the market, but the most practical one is still the simplest "K-line strategy*" If you want to treat the crypto world as a second job to support your family, then you must seriously study this article, which will at least save you 10 years of detours.
I can't really say I've become wealthy; it's more like a forced financial freedom. As for my living expenses, I can only say they are sufficient. Throughout this process, I deeply understand the importance of having a good mentor! Those who have experienced rain always want to hold an umbrella for others. Having gone through days of isolation and helplessness, I can empathize with others' losses. I want to extend a helping hand and make up for the regret of wanting to be pulled up back then, as if I could travel through time and hold an umbrella for my past self who got drenched in the rain. This is also the original intention of my sharing, hoping to help many friends in the crypto world avoid some detours!
Learn this simplest method of trading coins, and you will gradually become rich. First, firmly grasp the following 10 rules:
1. If a strong coin has dropped for 9 consecutive days from a high position, make sure to follow up in a timely manner.
2. As long as any coin rises for two consecutive days, it is necessary to reduce the position in a timely manner.
3. As long as any coin rises more than 7%, there may be an opportunity to continue observing the next day after the previous high.
4. In the past, you must wait until the bull market ends before entering the market.
5. If any coin has been stable for three consecutive days, observe for another three days; if there is no change, consider switching positions.
6. If any coin fails to recover the cost price of the previous day by the next day, it should be exited in a timely manner.
7. If there are three on the rise list, there must be five; if there are five, there must be seven. Coins that have risen for two consecutive days should be bought on dips, and the fifth day is usually a good selling point.
8. The volume-price indicator is crucial, and trading volume can be considered the soul of the crypto world. When the coin price breaks out with increased volume at a low level during consolidation, it should be taken seriously.
Note: In the case of a significant increase in volume at a high position leading to stagnation, it is important to exit decisively.
9. Only choose coins that are in an upward trend for trading, this maximizes wins and avoids waste. When the 3-day line turns upward, it indicates a short-term rise; when the 30-day line turns upward, it means a medium-term rise; when the 80-day line turns upward, it indicates a major upward trend; when the 120-day moving average turns upward, it indicates a long-term rise.
10. In the crypto world, small funds do not mean there are no opportunities. As long as you master the right methods, maintain a rational mindset, strictly execute strategies, and wait for opportunities to arise.
To help others is to help oneself. The above 10 points are summarized and deeply understood in the market. You must practice them repeatedly and achieve unity of knowledge and action. I believe your crypto trading skills will improve by leaps and bounds!
So how can one excel in trading coins? Once a person enters the financial market, it is hard to turn back. If you are currently at a loss and still feel confused, but plan to treat trading coins as a second career in the future, you must understand the "K-line strategy." If you grasp it, you will avoid many detours. This is based on personal experiences and feelings, so it is recommended to save it and ponder it repeatedly!
As a newcomer to the crypto world, K-line is essential knowledge that forms the basis of all technical analysis. Learning to interpret K-line charts is crucial for capturing coin trends.
The most fundamental indicators of the crypto world market: K-line, trading volume
What is a candlestick chart? The candlestick chart, also known as a candle chart, is one of the most commonly used tools in the crypto world analysis. It displays the price changes in the crypto world through its "candle" shape, allowing you to see the rise and fall of the crypto world at a glance.
The basic structure of K-line: Each K-line represents the price changes of a stock over a certain period of time, with common time units being 1 minute, 5 minutes, daily, etc. Highest point: The upper shadow of the K-line. Lowest point: The lower shadow of the K-line.
Common candlestick chart patterns: Long body line* (Bullish engulfing*/Bearish engulfing): Indicates a significant fluctuation in the crypto world on that day. Doji: Represents market uncertainty, and a reversal may occur at this point. Hammer*: Indicates a bottom reversal, which is a possible buy signal.
How to use candlestick charts for crypto world analysis? Look at the trend: By analyzing the arrangement of candlesticks, determine the upward, downward, or oscillating trends in the crypto world.
Combine with other indicators: such as moving averages, MACD+, etc., to enhance the accuracy of judgment.
Set buy and sell points: You can consider entering and exiting when a reversal pattern appears on the candlestick chart.
Let me introduce the candlestick charts that are often encountered in the crypto world.
1.Cross line*
The cross line reveals the fact that the bullish and bearish forces are balanced. Generally, a reversal is likely to occur after a cross line, changing the previous trend direction. If a cross line appears during an upward trend, it indicates a weakening of the upward momentum; if a cross line appears during a downward trend, it indicates a weakening of the downward momentum; if a cross line appears in a sideways trend, or if there are several consecutive cross lines near the same price level, then the cross line cannot provide a signal for a trend change.
2.T sub-line
The T-shaped line appears in the lower area of the trend, indicating that there is strong support at the lower end of the trend, which suggests the possibility of a rebound.
The T-shaped line appears in the high position of the trend, indicating that there is significant selling pressure in the upper range and the market is weak, with the possibility of a reversal downward.
If the T-shaped line appears during the upward trend in the middle area of the price movement, it indicates that there is still room for further upward movement in the future.
3. Bald Bullish Candle and No Foot Bullish Candle
A solid bullish candlestick, characterized by having a body and a lower shadow but no upper shadow, indicates that if it appears at a low point in the trend, it may signify the beginning of a new upward trend after a bottoming out; if the solid bullish candlestick appears during an upward trend, it suggests that the market outlook remains positive.
A bullish candlestick, which has a real body and is hollow, with an upper shadow and no lower shadow, indicates a strong upward trend.
4. Bald Candlestick with Downward Shadow and Candlestick with Downward Shadow
A bald bearish candlestick refers to a bearish candlestick body with a lower shadow, where the opening price is the highest price of the day. As soon as the market opens, selling pressure is particularly strong, and the stock price continues to decline. However, when it drops to a low level, it is supported by buying pressure, and thus the stock price may experience a rebound.
A bare-footed bearish candle refers to a candlestick that has a bearish body, an upper shadow, and no lower shadow. If a bare-footed bearish candle appears at a low point in the trend, it suggests that there may be signs of a rebound in the trend, but the strength of the rebound is not significant.
5. Bald-headed and barefoot bullish/bearish candlestick
A full-bodied bullish candlestick, which has a body without upper or lower shadows. A full-bodied bullish candlestick indicates an upward trend, and the subsequent movement is likely to be strongly bullish.
A solid bearish candlestick with no upper or lower shadows. A solid bearish candlestick indicates a downward trend, and the subsequent price movement is likely to be strongly bearish, with a higher probability of opening lower the next day.
6. Little Yang Star + Little Yin Star
The physical parts of the small yang star and small yin star are very short.
The small bullish star represents minimal price fluctuation, with the opening price and closing price being very close, and the closing price slightly higher than the opening price. The appearance of a small bullish star indicates that the trend is in a state of confusion and uncertainty, making it difficult to predict future price movements.
The small Yin star is similar to the small Yang star, except that the closing price is slightly lower than the opening price, indicating that the trend is in a chaotic and unclear stage, making it difficult to predict the future rise and fall.
7. Small bullish candlestick and small bearish candlestick
The body part of a small bullish line and a small bearish line is slightly longer compared to a small bullish star and a small bearish star.
The fluctuation range of small bullish and bearish candles is between 0.6% and 1.5%. A small bullish candle indicates that the upward trend lacks momentum, and the subsequent trend is unclear; a small bearish candle suggests signs of a downward trend, but the downward force is not strong, and the subsequent trend is not very obvious.
8. Bullish Candle + Bearish Candle
The body of a medium bullish candle and a medium bearish candle is slightly longer compared to that of a small bullish candle and a small bearish candle.
Unlike small bullish and small bearish candlesticks, the market significance of bullish and medium bearish candlesticks is clearer. A medium bullish candlestick indicates a bullish outlook for the market ahead, while a medium bearish candlestick suggests a bearish trend to follow. Many times, medium bullish and medium bearish candlesticks often become turning points in the trend, but they should also be analyzed in conjunction with the overall trend.
9. Bullish candlestick and bearish candlestick
The fluctuation range of large bullish and bearish candlesticks is above 3.6%. Compared to medium bullish and bearish candlesticks, the market significance of large bullish and bearish candlesticks is clearer.
A bullish candlestick indicates that the likelihood of an upward trend dominates, making it more likely to open higher the next day; a bearish candlestick indicates that the likelihood of a downward trend dominates, making it more likely to open lower the next day.
10. Hammer candlestick
The body is smaller, with a longer lower shadow ( that is 2 to 3 times the body + ), with no upper shadow, or only a very short upper shadow. It is also known as an "inverted hammer" at high levels.
(1), if it appears at a high price level, it is a signal that the market has peaked: if it is at a low price level, it is a signal that the market has bottomed.
(, the smaller the hammer entity, the longer the lower shadow line, the greater the reference value.
(3) After the hammer candlestick appears, if the next K-line closes as a long-bodied bullish candle, and its closing price exceeds the highest price of the hammer candlestick, then the probability of a new round of upward trend is relatively high.
(4), after the appearance of the hammer line, if the next K-line is a large bearish line, the market may maintain a downward trend.
11. Inverted Hammer
The body is relatively short, with a long upper shadow and no lower shadow or only a very short lower shadow.
()1(, if at a high price level, it is a signal that the market is peaking, and stocks should be sold; if at a low price level, it is a potential signal that the market is bottoming out.
(2) The more disparate the ratio between the entity and the upper trend line, the more valuable the signal is as a reference.
) 3) The shooting star candlestick is not a strong bullish signal. After the shooting star appears, it is necessary to wait for the next candlestick to confirm.
(4(, the opening price the next day of the inverted hammer candlestick gapped up, exceeding the body of the inverted hammer candlestick. The greater the gap up distance, the stronger the verification signal.
12. Summary of Bullish Candles
13. Summary of Bearish Candles
The above is the K-line chart I compiled, hoping it can help everyone!
Note: A strong bullish signal is released by a large bullish candlestick. If you believe the market will rise based on the bullish signal from the candlestick, you may decide to buy, but it is easy to fall into the trap of being lured into buying.
When learning about candlestick charts, it's important to remember these three points: a bullish signal does not equal a bullish market; being bullish does not equal a suitable buying point; a suitable buying point does not equal a stable profit.
1. Seizing the opportunity to build positions for the future can allow many people to cross social classes again in a bull market!
2. There will be real-time sharing of short-term and long-term strategies for imitation spot opportunities!
3. The market is active again now, and we definitely need new star sectors or coins to trigger a new bull market. Catch one and make a big profit, catch a few and make explosive profits!
The crypto world is like a marathon; it's not about running fast, but about running steadily. Those who earn money by luck often lose it back through skill. Only by ingraining position management into your DNA can you survive in this market that devours without spitting out bones. Remember: as long as you are alive, you have a chance to turn things around.