Refuse to be a pawn! A survival guide to cutting through the fog of the cryptocurrency market with daily moving averages 🚀
🔥 After seven years of ups and downs in the cryptocurrency market, I know that understanding and discipline are the core of profitability. I lost over a million in the first three years, but then achieved profits of several million thanks to experience and strategies, with every penny embodying lessons learned through blood and tears.
The cryptocurrency market seems complex, but in reality, there are patterns to follow: 90% of investors blindly follow market news, 9% study the movements of major players, and only 1% of top players can analyze the essence of market trends using daily moving averages.
Moving average signals are key: the 5-day moving average reflects short-term fluctuations, the 30-day moving average represents medium-term trends, and the 60-day moving average indicates long-term trends. When the 5-day moving average crosses above the 30 and 60-day moving averages, it often signals the start of a market trend; conversely, it may indicate a trend reversal, requiring timely adjustments to positions.
A trading system must be clear: avoid impulsive trading; when the 5-day and 30-day moving averages are intertwined, the market direction is unclear, making it inadvisable to enter the market. True experts only act when all three lines are aligned and the trend is clear. In the highly volatile cryptocurrency market, a simple daily moving average strategy can be effective: enter when the 5-day moving average breaks through and exit when the 60-day moving average reverses.
Strictly adhering to discipline is fundamental: many people abandon their trading plans due to emotions, while the daily moving average strategy requires strict operation according to signals. There was once a trader who left a wedding venue to close a position due to a break in the 5-day moving average signal, ultimately achieving three years of stable profit through strict discipline.
If anyone feels lost due to market fluctuations, unsure how to deal with being caught in a losing position, or feels misled during their operations, feel free to reach out for discussion!
