The 10 Golden Rules of Cryptocurrency Trading – A Simple Path to Wealth
Learn this simple method of trading cryptocurrencies, and you'll gradually build wealth. Follow these 10 rules carefully:
1. If a strong cryptocurrency drops continuously for 9 days at a high level, act quickly.
2. If any cryptocurrency rises for two days in a row, reduce your position promptly.
3. If any cryptocurrency rises more than 7% in a day, watch for a pullback the next day before deciding.
4. Only enter the market after a previous upward trend has ended.
5. If a cryptocurrency shows low volatility for three straight days, wait three more days; if nothing changes, consider switching holdings.
6. If a cryptocurrency doesn’t recover the previous day’s loss the next day, exit immediately.
7. On the gainers list, if there are three rising days, expect five; if five, expect seven. For cryptocurrencies rising two days straight, buy the dip—the fifth day is often a good time to sell.
8. Volume and price indicators are key. Trading volume is the market’s soul. A breakout after low-level consolidation is a signal; high-level volume spikes without price movement mean it’s time to exit.
9. Only trade cryptocurrencies in an upward trend for maximum gains. A rising 3-day moving average signals short-term growth; a rising 30-day average means medium-term growth; an 80-day average indicates a major uptrend; a 120-day average confirms long-term growth.
10. Small capital doesn’t mean no opportunities. With the right method, a rational mindset, strict execution, and patience, you can succeed.
Finally, avoid trading cryptocurrencies full-time, and never trade with borrowed money.