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Having been involved in crypto trading for 8 years and crawling out of various pits, I finally understand the ins and outs. Many friends often ask me how to choose coins and how to grasp market trends. Honestly, the methods I use now are not complicated at all, but precisely because they are simple enough, they are truly effective.
I have seen too many people, when market fluctuations are large, become restless and operate wildly, only to end up losing everything. I went through the same experience myself. Looking back, those times were really foolish.
So I want to share the lessons learned over these years. If you are willing to follow this approach, it can truly change your trading results:
**When it comes to choosing coins, I always start with the top gainers list.** Why? Only coins that are already moving are active in the market and have subsequent opportunities. Why buy coins that haven't moved at all?
**For technical analysis, I mainly look at the monthly MACD.** When a golden cross forms, I enter the market directly; if there's no golden cross, I stay in cash and wait. Daily candlesticks only reflect short-term fluctuations; real opportunities are hidden in long-term trends. Those oversold rebound patterns? They are basically low-probability events. Every time someone bets on them, they end up losing badly.
**Also, the 70-day moving average is a must-watch indicator for me every day.** Once the price retraces to near the 70-day moving average and trading volume starts to increase, I gain confidence to add to my position. The market will give opportunities; when the signal appears, hold your position steadily. If no signal appears, be patient and wait.
**After entering the market, don’t fight the trend.** If the price rises, keep holding; if it falls below my stop-loss line, I exit immediately. Too many people are reluctant to sell, always hoping for a rebound, only to watch the profits they made evaporate.
**Take profit with rhythm; don’t try to take all gains at once.** Cut half of your position after a 30% increase, and again when it reaches 50%. The crypto market changes rapidly; if you miss this wave, there will be another. No need to be greedy.
**And the most critical rule: if the price falls below the 70-day moving average, withdraw immediately.** No matter how long you've held your position, if this line is broken, you must exit. Don’t fight the trend, don’t gamble with your life—this red line has saved me countless times.
The crypto world fears complexity. Those who truly make money rely on discipline and emotional control, not fancy operations.
All these words are lessons learned through blood. The crypto market will not mistreat disciplined traders, but it will severely punish those who don’t follow the rules.