I use the dumbest method for trading cryptocurrencies, and my win rate is currently almost 100% profitable. I have earned over 10 million with this method!
1. Place trades at 9 PM every day
During the day, the news is too chaotic, with all sorts of false positives and negatives flying around, and the market fluctuates erratically, making it easy to get trapped.
I usually wait until after 9 PM to operate; by then, the news is basically stable, the candlestick chart is cleaner, and the direction is clearer.
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2. Keep the profits in your pocket
Don't always think about doubling your money! For example, if you earned 1000 U today, I recommend withdrawing 300 U to your bank card immediately and continuing to trade with the rest.
I've seen too many people who "made three times their investment but want five times" and ended up losing everything on a pullback.
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3. Look at indicators accurately
Don't make trades based on gut feelings; install TradingView on your phone and check these indicators before trading:
• MACD: Is there a golden cross or death cross?
• RSI: Is it overbought or oversold?
• Bollinger Bands: Is there a contraction or breakout?
At least two of these three indicators should provide consistent signals before considering entry.
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4. Be flexible with stop losses
When you have time to watch the market, if you're in profit, manually adjust your stop-loss price upwards. For example, if your buy price is 1000 and it rises to 1100, raise your stop-loss to 1050 to secure profits.
But if you have to go out and can't monitor the market, make sure to set a hard stop-loss at 3% to protect against sudden crashes.
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5. Withdraw every Friday
Not withdrawing is just a numbers game!
Every Friday without fail, I transfer 30% of my profits to my bank card, and continue to roll the rest. Over time, this way, the account will keep growing thicker.
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6. There are tricks to reading candlesticks
• For short-term trading, look at the 1-hour chart: If there are two consecutive bullish candles, consider going long on $ETH.
• If the market is stagnant, switch to the 4-hour chart to find support lines: Consider entering when it drops near the support level.