There is a very foolish method for trading cryptocurrencies that almost guarantees profits.
This method is actually very simple, consisting of just 4 steps: selecting cryptocurrencies, buying, managing positions, and selling. Each detail will be explained clearly!
The first step is to open the daily chart and only look at daily levels, focusing on cryptocurrencies with MACD golden crosses, preferably choosing those crosses above the zero line, as this yields the best results!
The second step is to switch to the daily level and only observe one moving average, called the daily moving average. Hold when above the line and sell when below it.
The third step is after buying, if the cryptocurrency price breaks above the daily moving average, and the volume is also above the daily moving average, then buy with your entire position. The fourth step is to sell, which consists of three details. The first is that when the overall price increase of the wave exceeds 40%, sell 1/3 of the total position. The second is that when the overall wave increase exceeds 80%, sell another 1/3, and if it falls below the daily moving average, sell everything.
The fourth step is also the most important one. Since we are using the daily moving average as our basis for buying, if an unexpected situation arises the next day and it directly drops below it, then you must sell everything without any lingering hope! Although the probability of it breaking through using our method of selecting cryptocurrencies is very low, we still need to be risk-aware! After selling, wait for it to rise above the daily moving average again before buying back!