There is the dumbest way to trade cryptocurrencies,
I have tried many trading methods.
But most methods lack practicality,
Only this method,
Allowed me to achieve relatively continuous profits,
This method I am still using now,
High and very stable.
Everyone need not worry about whether you can learn it,
I can seize this opportunity, and you can too,
I am not a god, just an ordinary person,
The difference between others and me,
Only others have overlooked this one method,
If you can learn this method,
Emphasize this during the later trading process,
Can help you earn at least 3 to 10 percent more every day.
First step:
Filter recently rising cryptocurrencies: Add cryptocurrencies that have risen in the past 11 days to your watchlist. At the same time, exclude those that have fallen in the past three days to avoid choosing those that may have had profit-taking.
Second step:
Open the monthly charts of these cryptocurrencies and only look at those with MACD indicators showing a golden cross. This indicates that these cryptocurrencies may have upward potential in the long-term trend.
Step three:
Daily level entry timing judgment: Finally, check the daily candlestick chart, focusing on those cryptocurrencies whose prices have retraced near the 60-day moving average. When a volume candlestick appears, it can be seen as a signal for a heavy entry.
Step four:
After entering, use the 60-day moving average as the standard, holding above the line and selling below, divided into three details:
Sell one-third when the swing increase exceeds 30%: When the swing increase exceeds 30%, sell one-third of the holdings. This helps to lock in some profits and reduce risk.
Sell one-third when the swing increase exceeds 50%: When the swing increase exceeds 50%, sell one-third of the holdings. This further locks in profits and reduces potential losses.
Exit all positions when breaking the 60-day moving average: If you buy in on the same day and the next day the price directly breaks below the 60-day moving average, you must exit all positions without any hopes of recovery. This is the core determinant of whether you can make a profit, because although the probability of breaking below the 60-day moving average is low, you still need to maintain risk awareness; preserving capital is the most important.
In addition, even after selling, you can wait to buy back when the price meets the buying point again.
Ultimately, the difficulty in making money is not the method, but the execution. In the cryptocurrency market, preserving capital is the most important. In the cryptocurrency market, we cannot stick to conventional rules; flexibility is the key to long-term survival. We must recognize that the overall market trend may be completely different from the performance of individual cryptocurrencies. On the surface, it seems we are fighting the market, but in reality, we are grappling with our own human weaknesses. Those places that seem risky may actually be hidden opportunities; while those seemingly attractive opportunities may be carefully designed traps.