There is a very foolish method for trading cryptocurrencies, but the probability of making money is 80%

There is a very foolish method for trading cryptocurrencies that I have tried many different trading methods, which has allowed me to achieve relatively consistent profits. I am still using this method to this day, and it is both high and very stable.

Step 1:

Add cryptocurrencies that have risen in the ranking 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 funds escaping after making a profit.

Step 2:

Open the candlestick chart, only look at the cryptocurrencies with a golden cross on the monthly MACD.

Step 3:

Open the daily candlestick chart, here only look at the 60-day moving average; as long as the cryptocurrency price pulls back near the 60-day moving average,

after a volume candlestick appears, enter the market heavily.

Step 4:

After entering the market, use the 60-day moving average as the standard; if the price is above it, hold on, if it is below, sell out. This is divided into three details. The first is when the price increase of the wave exceeds 30, sell one-third,

the second is when the price increase of the wave exceeds 50, sell another third, and the third is the most important

and is the core that determines whether you can make a profit; that is, if you buy in on that day and the next day there are some unexpected situations, and the price directly falls below the 60-day moving average, then you must exit completely, do not have any lucky thoughts.

Although the probability of falling below the 60-day moving average through this method of selecting coins based on monthly and daily lines is very small, we still need to have risk awareness.

In the cryptocurrency circle, preserving your principal is the most important thing. However, even if you have already sold, you can wait for it to meet the buying conditions again before buying back.

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

When the price directly falls below the 60-day moving average, you must exit completely, do not harbor any lucky thoughts.