4 Tips in the Crypto World That Helped Me Earn a Stable 8-Digit Income Every Month
When I entered the crypto world, I used a very simple method to make 5 digits in a year with just 4 steps: selecting coins, buying in, managing positions, and selling out. I will explain every detail clearly to you. I have tried many trading methods that allowed me to achieve relatively consistent profits, and I still use this method today, which is very high and stable.
-
Step 1:
Add coins that have risen in the past 11 days to your watchlist,
but be careful to exclude any coins that have fallen for more than three days to avoid capital escape after profits.
-
Step 2:
Open the candlestick chart and only look at coins with a monthly MACD golden cross.
-
Step 3:
Open the daily candlestick chart, here we only look at the 60-day moving average,
As long as the coin price retraces close to the 60-day moving average,
After a volume candlestick appears, enter heavily.
-
Step 4:
After entering, use the 60-day moving average as the standard.
If the price is above the line, hold;
If it falls below, sell out. This is divided into three details.
One is to sell one-third when the swing increase exceeds 30,
Two is to sell another one-third when the swing increase exceeds 50,
Three is quite important
and is the key to whether you can profit,
That is, if you buy in on that day,
And the next day some unexpected situation occurs,
If the coin price directly falls below the 60-day moving average,
Then you must sell everything,
Do not hold any other lucky thoughts.
-
Although the probability of breaking below the 60-day moving average is very low with this method combining monthly and daily charts,
We still need to have risk awareness.
-
In the crypto world, it is very important to protect your principal,
But even if you have already sold,
You can wait until it meets the buy point again
To buy back.
-
Ultimately, the difficulty in making money is not the method, but the execution.
-
"If the coin price directly falls below the 60-day moving average, then sell everything, do not hold any other lucky thoughts."
-
In summary, in the crypto world, one cannot be rigid,
Adapting to changes is the key to long-term survival in the market.
