Eight years ago, I was a mess in the crypto market, using all kinds of complex indicators—RSI, Bollinger Bands, MACD, you name it. And the result? Frequent trading, momentum investing, and my account kept shrinking. Until one day, cornered, I realized an important principle: instead of gambling on those elusive predictions, it's better to find a truly useful tool.
So I made a bold decision: to remove all the flashy things from the chart and leave only a 30-day moving average.
Why this line? Simply put, the 30-day moving average represents the average cost of the market over the past month. When the current price is above the 30-day moving average, it indicates that most of the recent buyers are making a profit, and market sentiment is improving; once it falls below this line, the meaning is clear - the situation has cooled down. This is a judgment standard that is simple to the point of being rudimentary, but it is precisely this simplicity that has allowed me to climb out of the debt quagmire in eight years, with my account growing from zero to eight figures.
Many people scoff at this method when they hear about it, thinking it is too primitive and outdated. However, in the practical world of the crypto market, I have found that the majority of people's failures stem precisely from their attempts to grasp too much. Those complex combinations of indicators and advanced technical analysis frameworks ultimately became a pretext for impulsive trading. As for me, I rely on this one line to find a sense of rhythm amid the market fluctuations.
The beauty of the 30-day moving average lies in its stability, as it is not easily disturbed by short-term noise. When leading cryptocurrencies like Bitcoin or Ethereum fluctuate around the moving average, I know the market is still in a dilemma; once it breaks upward and stabilizes, that is a signal of a shift in trend. The opposite is also true. Based on this logic, I have established my own trading discipline—never taking risks without clear moving average signals.
Over the years of struggling in the crypto market, I have seen too many people getting dizzy with new coins, new technologies, and new narratives. They chase the hype, sweat it out, but in the end, they are left empty-handed. My experience is that the ones who truly make money are often not the smartest, but those who can stick to their discipline. A moving average, a set of rules, a bit of patience can sometimes be more effective than ten trading books.
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Rugman_Walking
· 1h ago
To be honest, I've heard the argument that simplicity is the ultimate sophistication too many times, but your case of going from negative to eight figures in eight years really has something to it. However, I still want to ask – can the 30-day moving average really hold up in such extreme market conditions? For example, during the big dump in 2021.
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SatoshiHeir
· 2h ago
It should be pointed out that there is a fundamental flaw in your argument. Based on on-chain data analysis, the 30-day moving average, as a lagging indicator, has a failure rate of up to 67% during extreme fluctuations—how many people perished in the fantasy of "holding above the moving average" during the bull run of 2017 and the crash of 2022.
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GweiWatcher
· 2h ago
The way is simple, brother. I only realized this later. Those fancy indicators were really just self-comfort, the 30-day moving average is enough.
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BankruptWorker
· 2h ago
Wow, this guy went from debt to eight figures in eight years? Just relying on one line? I always feel like I've heard this story before... But I have to admit, my "golden combination" of MACD combined with RSI is really losing money.
Eight years ago, I was a mess in the crypto market, using all kinds of complex indicators—RSI, Bollinger Bands, MACD, you name it. And the result? Frequent trading, momentum investing, and my account kept shrinking. Until one day, cornered, I realized an important principle: instead of gambling on those elusive predictions, it's better to find a truly useful tool.
So I made a bold decision: to remove all the flashy things from the chart and leave only a 30-day moving average.
Why this line? Simply put, the 30-day moving average represents the average cost of the market over the past month. When the current price is above the 30-day moving average, it indicates that most of the recent buyers are making a profit, and market sentiment is improving; once it falls below this line, the meaning is clear - the situation has cooled down. This is a judgment standard that is simple to the point of being rudimentary, but it is precisely this simplicity that has allowed me to climb out of the debt quagmire in eight years, with my account growing from zero to eight figures.
Many people scoff at this method when they hear about it, thinking it is too primitive and outdated. However, in the practical world of the crypto market, I have found that the majority of people's failures stem precisely from their attempts to grasp too much. Those complex combinations of indicators and advanced technical analysis frameworks ultimately became a pretext for impulsive trading. As for me, I rely on this one line to find a sense of rhythm amid the market fluctuations.
The beauty of the 30-day moving average lies in its stability, as it is not easily disturbed by short-term noise. When leading cryptocurrencies like Bitcoin or Ethereum fluctuate around the moving average, I know the market is still in a dilemma; once it breaks upward and stabilizes, that is a signal of a shift in trend. The opposite is also true. Based on this logic, I have established my own trading discipline—never taking risks without clear moving average signals.
Over the years of struggling in the crypto market, I have seen too many people getting dizzy with new coins, new technologies, and new narratives. They chase the hype, sweat it out, but in the end, they are left empty-handed. My experience is that the ones who truly make money are often not the smartest, but those who can stick to their discipline. A moving average, a set of rules, a bit of patience can sometimes be more effective than ten trading books.