I am 32 years old this year, have been trading cryptocurrencies for 8 years, and have made a profit of 20 million from an initial investment of 60,000. It's worth sticking to these 'ten key rules'.
1. Sideways consolidation consumes your patience, but if you persist, you will definitely reap rewards. (Except for high-level sideways consolidation after several times of increase)
2. After breaking through a certain moving average with increased volume, if it stabilizes above that moving average with reduced volume, it’s a buying point.
3. When the leading coins in a sector drop, it’s an opportunity for you.
4. Coins with gaps and upward momentum are very strong. If they retrace without breaking the gap, they will continue to rise.
5. If a coin has skyrocketed by ten times and continues to hit the upper limits with no volume on the rise, don’t be tempted; that’s the main force putting on a show.
6. Many people don’t make money in a bull market because they cannot hold onto their coins; a bull market means holding onto coins.
7. No top will be a sharp peak; at least a double top will appear. This is a fundamental principle of Dow Theory.
8. In a bull market, when the MACD's DIF tests the 0 axis downwards, if it doesn't break the 0 axis and returns to it, that’s a buying point.
9. When the 120-day moving average is in a bullish arrangement, and the trend line is turning upwards, decisively buy on dips; the accuracy is quite good. 10. For coins with consecutive small upward lines, it is advisable to pay more attention, indicating that the main force is collecting chips.
10. For coins with consecutive small upward lines, it is advisable to pay more attention, indicating that the main force is collecting chips!