A very simple method to make money from cryptocurrency trading
1. Select digital currencies that have risen in the past 11 days, but avoid those that have fallen continuously in the past three days, because such currencies may have funds withdrawn.
2. Check the monthly charts of these currencies and find those with a golden cross in the MACD indicator, which usually means a positive long-term trend.
3. Switch to the daily chart and pay attention to the 60-day moving average. When the price of the currency falls back to this moving average and a K-line with increased trading volume appears, buy heavily decisively.
4. During the holding period, use the 60-day moving average as the benchmark. Continue to hold the currency price above the moving average; once it falls below the moving average, sell all immediately without hesitation.
5. When the profit reaches 30%, sell one-third first; when the profit reaches 50%, sell another one-third.
The most important thing is that if the price of the currency falls below the 60-day moving average the next day after buying, regardless of profit or loss, you must decisively clear the position to avoid further losses. Remember, protecting the principal is always the first priority.
The key to this method is strict implementation, especially stop-loss discipline.
Cryptocurrency trading is not only a game with the market, but also a test of human nature. Learn to identify opportunities and traps, and respond flexibly to market changes.
Even if you sell, if the price of the currency returns to the buying point again, you can reconsider entering the market. Only by being patient and adaptable can you survive and make profits in the cryptocurrency circle for a long time.