There is a very simple method in the cryptocurrency world that allows you to keep earning. A very simple trading method that enables you to maintain "everlasting profits".
Last year at the end of the year, I played around with 200,000, and now it has grown to 20,000,000, easily achieving a hundredfold profit. The summary of my experience is below for everyone's reference and learning!
Making money through trading is actually so simple; it only requires these three steps! Master them skillfully, and you can easily multiply your account tenfold!
Step 1: First, look at the trend.
Step 2: Then find the key levels.
Step 3: Look for entry signals.
Enter the market, take profits, close the position, and leave.
Isn't it simple?
Let’s elaborate a bit more below.
Step 1: First, look at the trend.
The state of a market can result in three outcomes: upward, sideways, or downward.
What is a major trend? Look at charts with a period of 4 hours or more,
For example, 4 hours, daily, or weekly (My personal habit is to look at the 4-hour chart).
If it’s going up, go long; if it’s going down, go short; if it’s sideways, do not trade.
Step 2: Find the key levels.
Whether the market is going up or down, it will jump like a bouncing ball, moving step by step from bottom to top, or from top to bottom.
What we need to do is enter the market at the jumping point and exit at the next landing point. How to find the precise steps becomes crucial. #Bitcoin
This is what we refer to as key levels (main support and resistance levels). #CryptoTrading
Step 3: Look for signals.
Generally, if you discover a trend in a larger timeframe, you should look for trading signals in a smaller timeframe to enter the market.
Everyone has different trading strategies they excel at; mastering one or two is sufficient. #CryptoWorld
More importantly, quickly formulate a trading strategy.
A complete trading strategy includes:
(1) Asset - What to trade;
(2) Position - How much to hold;
(3) Direction - Long or short;
(4) Entry point - At what point to trade;
(5) Stop loss - When to exit losing trades;
(6) Take profit - When to exit profitable trades;
(7) Countermeasures - How to respond to sudden situations;
(8) Follow-up - Actions after the trade ends.
