There is a very foolish method of trading cryptocurrencies that I have tried many different trading methods and achieved relatively consistent profits. I am still using this method today; it is high and very stable.

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Step 1:

Add cryptocurrencies with rising values within the last 11 days to your watchlist,

but it is important to note that cryptocurrencies that have dropped for more than three days should be excluded to avoid capital fleeing after making a profit.

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Step 2:

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

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Step 3:

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

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

after a volume candlestick appears, enter the market heavily.

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Step 4:

After entering the market, use the 60-day moving average as the standard; if it is above the line, hold on,

if it is below the line, exit and sell. This is divided into three details.

The first is when the price increase of the segment exceeds 30,

sell one-third,

the second is when the price increase of the segment exceeds 50,

sell another one-third,

the third and most important,

which is the core that determines whether you can profit,

if you buy in on the same day,

and the next day there is some unexpected situation,

the price of the cryptocurrency directly breaks below the 60-day moving average,

then you must exit completely,

don't harbor any luck-based mentality.

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Although this method of selecting cryptocurrencies combines monthly and daily charts,

the probability of breaking below the 60-day moving average is very low,

but we still need to have a risk awareness.

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In the cryptocurrency world, preserving the principal is the most important thing.

However, even if you have sold it,

you can wait for it to meet the buy point condition again

and buy it 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 of the cryptocurrency directly breaks below the 60-day moving average, you must exit completely, don't harbor any luck-based mentality."

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In summary, in the cryptocurrency world, you cannot be rigid,

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

so we must pay attention here,

the overall market and individual cryptocurrencies are completely opposite,

trading cryptocurrencies on the surface is a contest with the market,

in reality, it is a contest with human nature; the risks you see on the surface

may actually be opportunities,

sometimes you see an opportunity,

it may actually be a trap tempting you.