The most common mistake in encryption trading is complicating simple matters.
Many people get obsessed with complex combinations of technical indicators, but end up losing more and more. In fact, the logic of making money is often very simple.
**The logic for selecting coins is very straightforward** The cryptocurrencies on the rise list that have already broken through and moved upward often have stronger continuation — this is not a coincidence, but a specific manifestation of market sentiment. In contrast, for cryptocurrencies that have been in a long-term sideways trend or have broken bottom, buying in is basically a matter of probability.
**Use cycles to observe trends, don't be deceived by minute candlesticks** The monthly MACD golden cross is a reliable reference point. When this signal appears, you should enter the market; if there is no signal, just wait and observe—this is much less stressful than staring at the 15-minute chart every day. Short-term fluctuations can easily trap people in an emotional quagmire, while real opportunities are hidden in longer cycles. Betting on things like rebounds after excessive declines has historically seen far more people falling into pitfalls than making profits.
**Practical Application of Moving Average System** The 70-day moving average can serve as an important support/resistance level. When $BTC or other mainstream coins retest this line, if the trading volume increases simultaneously, the probability of success for adding positions will significantly increase. It is not about entering the market every time, but rather waiting for signal confirmation before taking action.
**The discipline of leaving the field is the most critical** When the price rises, hold steady; when it breaks key support levels, stop loss immediately—many traders fail because they are reluctant to cut losses and watch their profits evaporate. Taking profits can be done in batches; for example, when the price rises by 30%, take half the profit first, and sell the other half when it rises by 50%. This tiered approach to taking profits can significantly improve the survival rate of the account and its ability to withstand risks.
**Ultimate Iron Rule: Withdraw if it falls below the 70-day line** This line can be understood as the final line of defense in trading. No matter how long the position has been held, it must be exited once it breaks—just like tying a safety rope at the edge of a cliff. Preserving the principal ensures there is an opportunity for subsequent recovery.
The cryptocurrency market fluctuates daily, but the key is to establish your own trading discipline. The core competitive advantage of those who can sustain profit is not boldness, but rather precise entry timing and strict risk control execution. Simple yet disciplined often surpasses complex yet chaotic.
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DaisyUnicorn
· 12-22 14:30
The 70 daily chart is like the most reliable little flower in my garden; once it wilts, I will immediately do a Rug Pull... I should have done this a long time ago; the coins that I stubbornly held onto have taught me this lesson.
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BTCWaveRider
· 12-22 14:26
In plain terms, it's the discipline of stop loss; most people end up dying because they can't bear to cut loss.
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AirDropMissed
· 12-22 14:17
The 70 daily chart rule really has to be followed, otherwise it's just gambling.
The most common mistake in encryption trading is complicating simple matters.
Many people get obsessed with complex combinations of technical indicators, but end up losing more and more. In fact, the logic of making money is often very simple.
**The logic for selecting coins is very straightforward**
The cryptocurrencies on the rise list that have already broken through and moved upward often have stronger continuation — this is not a coincidence, but a specific manifestation of market sentiment. In contrast, for cryptocurrencies that have been in a long-term sideways trend or have broken bottom, buying in is basically a matter of probability.
**Use cycles to observe trends, don't be deceived by minute candlesticks**
The monthly MACD golden cross is a reliable reference point. When this signal appears, you should enter the market; if there is no signal, just wait and observe—this is much less stressful than staring at the 15-minute chart every day. Short-term fluctuations can easily trap people in an emotional quagmire, while real opportunities are hidden in longer cycles. Betting on things like rebounds after excessive declines has historically seen far more people falling into pitfalls than making profits.
**Practical Application of Moving Average System**
The 70-day moving average can serve as an important support/resistance level. When $BTC or other mainstream coins retest this line, if the trading volume increases simultaneously, the probability of success for adding positions will significantly increase. It is not about entering the market every time, but rather waiting for signal confirmation before taking action.
**The discipline of leaving the field is the most critical**
When the price rises, hold steady; when it breaks key support levels, stop loss immediately—many traders fail because they are reluctant to cut losses and watch their profits evaporate. Taking profits can be done in batches; for example, when the price rises by 30%, take half the profit first, and sell the other half when it rises by 50%. This tiered approach to taking profits can significantly improve the survival rate of the account and its ability to withstand risks.
**Ultimate Iron Rule: Withdraw if it falls below the 70-day line**
This line can be understood as the final line of defense in trading. No matter how long the position has been held, it must be exited once it breaks—just like tying a safety rope at the edge of a cliff. Preserving the principal ensures there is an opportunity for subsequent recovery.
The cryptocurrency market fluctuates daily, but the key is to establish your own trading discipline. The core competitive advantage of those who can sustain profit is not boldness, but rather precise entry timing and strict risk control execution. Simple yet disciplined often surpasses complex yet chaotic.