“Foolproof” Bitcoin Technical Indicator Essentials!
If you want to trade cryptocurrency for a lifetime but don’t understand the technology and can’t find a suitable trading method, why not give this “foolproof” operation a try? It's simple and practical, even new investors can easily operate it, with an accuracy rate of over 90%. In the crypto world, buying and selling can be done following this method!
1. The chosen cryptocurrency must be in an upward trend; of course, it can also be in a consolidation phase, but it must not be in a downward trend or have downward-opening moving averages.
2. Divide your funds into three equal parts. When the price breaks above the 5-day moving average, buy 30% of your position. Wait until the price breaks above the 15-day moving average to buy another 30%. Similarly, buy the last 30% when it breaks above the 30-day moving average. This requirement must be strictly followed.
3. If the price does not continue to break above the 15-day moving average after breaking above the 5-day moving average, but rather shows a pullback, as long as the pullback does not break below the 5-day line, maintain your original position. If it breaks below, sell.
4. Similarly, if the price breaks above the 15-day moving average but does not continue to break above, hold if the pullback does not break below the 15-day moving average. If it breaks, first sell 30%, and if it does not break the 5-day moving average, continue to hold the remaining 30% position.
5. When the price continues to break above the 30-day moving average and shows a pullback, sell according to the previous method all at once.
6. Selling is the opposite. When the price is at a high level and breaks below the 5-day line, first sell 30%. If it does not continue to drop, hold the remaining 60% position. If the 5-day, 15-day, and 30-day lines are all broken, sell everything; do not hold onto false hopes.
Although this “foolproof” operation method is simple, it still requires patience to implement. The most important thing is to have discipline; once you buy in, the trading system is established, and only by strictly adhering to trading rules can you earn profits.
