I used the dumbest method for trading cryptocurrencies, with a win rate close to 100% profit! (Everyone trading cryptocurrencies should read this)
Six things not to enter:
1. Don't touch coins that have been continuously falling and haven't stabilized above the 60-day line for 60 days. Let's wait and see when they turn around.
2. Don't buy coins that have risen and then received good news. Good news often signals a sell-off, and coins that have already risen may be the main force wanting to cash out.
3. Don't chase coins that have surged too much and are far from the 5-day line. Coins that rise too quickly carry a lot of risks, and chasing highs can easily get you trapped.
4. Don't take risks with coins that suddenly spike at high levels. A sudden spike at a high level carries significant risk; it could be the main force quietly unloading.
5. Avoid coins with a turnover rate exceeding 30%. A high turnover rate indicates fierce battles between buyers and sellers; let's stay away from this volatile market for now.
6. Don't be fooled by coins that are still holding up despite a bad environment. If the market is poor yet they are still being forced up, it's likely a “smoke and mirrors” tactic.
Four things not to let go:
1. Hold onto coins with an RSI between 50 and 80. An RSI in the mid to high range indicates that the coin still has strength; holding on can earn you more.
2. Don't rush to sell coins that have jumped from low positions. A gap up indicates strong bullish momentum; see if it can continue to rise.
3. Hold tightly onto coins that are trending upwards. Following the trend, coins in a rising market will earn you more the longer you hold.
4. Don't easily sell coins where the chips are concentrated in one place. When chips are piled together, the main force may want to push the price higher; waiting for a peak to sell is not too late.
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