There is a dumbest way to trade cryptocurrencies

There is a dumbest way to trade cryptocurrencies. I have tried many trading methods, and this method has allowed me to achieve relatively consistent profits. I am still using this method now, which is high and very stable.

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Step 1:

Add cryptocurrencies that have risen in the rankings over the past 11 days to your watchlist,

but be careful to exclude any cryptocurrencies that have dropped for more than three days to avoid capital exiting after taking profits.

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Step 2:

Open the K-line chart and only look at the cryptocurrencies with a golden cross in the monthly MACD.

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Step 3:

Open the daily K-line chart, here we only look at a 60-day moving average,

As long as the cryptocurrency price pulls back to near the 60-day moving average,

and after a volume K-line appears, enter the market heavily.

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Step 4:

After entering the market, use the 60-day moving average as a standard; if it is above the line, hold your position,

and if it is below the line, exit and sell. This can be divided into three details.

The first is when the segment's increase exceeds 30%,

sell one-third,

The second is when the segment's increase exceeds 50%,

sell another one-third,

The third is the most important

and is the core that determines whether you can make a profit,

if you buy in on that day,

and the next day there are unexpected situations,

and the cryptocurrency price directly breaks below the 60-day moving average,

then you must exit completely,

don't hold any delusions.

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Although the probability of breaking below the 60-day moving average using this method of selecting cryptocurrencies based on monthly and daily lines is very low,

we still need to have a sense of risk.

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In the cryptocurrency market, protecting your principal is the most important thing.

However, even if you have sold,

you can wait until it meets the buying conditions again

and then buy back.

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Ultimately, the difficulty in making money lies not in the method but in the execution.

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"When the cryptocurrency price directly breaks below the 60-day moving average, you must exit completely; do not hold any delusions.

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In short, in the cryptocurrency market, you cannot be inflexible,

being adaptable is the way to long-term survival in the market,

so we must pay attention here,

the situation of the market and individual cryptocurrencies is completely opposite,

trading cryptocurrencies seems to be a contest with the market,

but in reality, it is a contest with human nature; the risk you see on the surface

may actually be an opportunity,

sometimes the opportunity you see

might be a trap tempting you.