Want to really make money in the cryptocurrency market? I spent years trying and making mistakes, and finally discovered that the secret to making money is actually hidden in these few rules. Today, no more nonsense, let's get straight to the point.
Moving averages are our lifeline, remember these 8 key moments:
1. When the K-line pierces the moving average from below, it's like the first ray of light in the dark night, don't hesitate at this moment.
2. The most charming fake drop - when the price breaks below the moving average and quickly rebounds, this is the main force washing the plate, just follow along.
3. If it doesn’t break on the pullback, it’s a solid support - every time there’s a pullback, it stops above the moving average, indicating that the bulls have no intention of retreating.
4. The harder the drop, the stronger the rebound - when the price deviates too far from the moving average, it’s like an overstretched rubber band, ready to snap back at any moment.
Be decisive when it’s time to run:
5. Moving average flattens and turns down, if the price breaks below, it’s like a cliff - don’t fantasize, those slow sell orders will get you.
6. The most lethal fake breakout - watching it break through only to crash back, this is the last escape window.
7. Every rebound gets pressed down by the moving average - this is telling you: the trend is already dead.
8. When it rises too crazily, it has to pay back - when the price strays too far from the moving average, it’s like a kite with a broken string, it will return sooner or later.
The harsh truth of the cryptocurrency market: most people don’t fail to understand the trend, but fail to control their hands. Remember, moving averages are the clear signal the market gives you, don’t fight against the trend, and definitely don’t fight against yourself. When making money, act like a machine, buy when you should, sell when you should; when losing money, act like a philosopher, summarize your experiences and come back next time.
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