There is a very foolish method for trading cryptocurrencies that has nearly 100% profitability.
This method is actually very simple, with just 4 steps: selecting the coin, buying, managing positions, and then selling. Every detail will be explained clearly!
Step 1: Open the daily chart and only look at the daily level. Choose coins where the MACD shows a golden cross, preferably a golden cross above the zero line, as this has the best effect!
Step 2: Switch to the daily level. Here, you only need to look at one moving average, called the daily moving average. Buy when it's above the line and sell when it's below the line.
Step 3: After buying, if the coin price breaks through the daily moving average and the volume is also above the daily moving average, buy with your entire position. Now for the fourth step, selling, which is divided into three details: first, when the wave increase exceeds 40%, sell 1/3 of your total position; second, when the overall wave increase exceeds 80%, sell another 1/3; if it breaks below the daily moving average, sell everything.
Step 4 is also the most important step. Since we are using the daily moving average as our buying basis, if unexpected situations occur the next day and it directly breaks below, you must sell everything without harboring any delusions! Although the probability of breaking through using our coin selection method is very small, we must still have risk awareness! After selling, wait for it to rise above the daily moving average again before buying back!