4 cryptocurrency trading tips that helped me say goodbye to a monthly income of over ten thousand while working! As a poor college student, I used a very simple method to make five figures in a year after entering the crypto space. There are just 4 steps: from selecting cryptocurrencies, buying in, position management, to selling. Every detail will be explained clearly to you. I have tried many trading methods that have allowed me to achieve relatively consistent profits, and I still use this method today, which is both high and very stable.

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Step 1:

Add cryptocurrencies that have risen in the past 11 days to your watchlist,

but be careful to exclude any that have dropped for more than three days to avoid funds escaping after making profits.

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Step 2:

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

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Step 3:

Open the daily candlestick chart, and here only look at the 60-day moving average,

As long as the cryptocurrency price pulls back to near the 60-day moving average,

after a volume spike appears, enter the market with a heavy position.

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Step 4:

After entering the market, use the 60-day moving average as the standard. If it is above, hold on,

below, exit and sell. 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,

the third is quite important

and is the key to whether you can make a profit,

that is, if you buy in on that day,

and some unexpected situation occurs on the second day,

the price directly falls below the 60-day moving average,

then you must exit completely,

don't hold any other lucky mindset.

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Although the probability of falling below the 60-day line using this monthly line combined with daily line selection method is very small,

we still need to have risk awareness.

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In the crypto space, the most important thing is to protect the principal,

but even if you have already sold,

you can wait until it meets the buying conditions again

to buy back.

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

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"When the price directly falls below the 60-day moving average, then exit completely, don't hold any other lucky mindset.

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In summary, one cannot be rigid in the crypto space,

adaptability is the key to long-term survival in the market.