Eight Years of Cryptocurrency Trading: From $500,000 to $60 Million - A Legendary Journey
The second phase of the bull market has commenced. If you have $500,000 to invest, consider following these "Ten Rules" to potentially create your own success story.
Essential Trading Rules (Expert Insights):
Sideways Trading Builds Resilience**: Navigating sideways markets can strengthen your resolve. Persistence often pays off, but be wary of risks following high-level sideways trading.
Breakout Opportunities When a stock price breaks through a moving average with significant volume and stabilizes above it, this presents a prime opportunity to invest.
Sector Leaders' Pullbacks Entry opportunities arise when leading sector stocks pull back.
Gap Strength: Do not underestimate the momentum of a currency with a gap. If the gap remains unfilled during a pullback, expect continued strength.
5Ignore High Flyers: There's no need to envy currencies consistently hitting new highs. These are typically the result of meticulously planned major fund allocations.
Bull Market Patience: Making money in a bull market isn't straightforward. The challenge lies in maintaining confidence in your holdings despite market fluctuations.
Dow Theory Basics: A single peak isn't the end. According to Dow Theory, at least a double top is likely.
MACD Buy Signals: In a bull market, if the MACD’s DIF line tests the zero axis downward without breaking it and then returns above, it's a strong buy signal.
120-Day Moving Average Strategy: When the 120-day moving average shows a bullish trend and the trend line turns upward, buying at a low level significantly increases your chances of success.
Small Positive Lines Indicate Potential: Currencies showing continuous small positive lines have significant growth potential.
By adhering to these expert trading rules, you may navigate the bull market more effectively and create your own legendary success in cryptocurrency trading.
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