4 Tips for Cryptocurrency: How to Start Making Six Figures a Month Without Working? This is a very simple method. I once made six figures in a month using this method, and it involves 4 steps: selecting the cryptocurrency → buying → position management → selling. Each detail will be explained clearly to everyone (it is recommended to follow and save this for regular learning and practice). I have tried many trading methods that have allowed me to achieve relatively consistent profits, and I am still using this method today, which is highly effective and very stable.
Step 1️⃣:
Add cryptocurrencies that have seen an increase in value over the past 11 days to your watchlist,
but be careful to exclude any cryptocurrencies that have dropped for more than three days to avoid capital fleeing after making a profit.
Step 2️⃣:
Open the candlestick chart and only look at cryptocurrencies with a MACD golden cross on the monthly chart.
Step 3️⃣:
Open the daily candlestick chart, and here only look at the 60-day moving average,
As long as the cryptocurrency price retraces to near the 60-day moving average,
After a volume candlestick appears, then enter the market heavily.
Step 4️⃣:
After entering, use the 60-day moving average as a standard; hold when above the line and sell when below the line. This is divided into three details.
The first is to sell one-third when the wave's increase exceeds 30.
The second is to sell one-third again when the wave's increase exceeds 50.
The third is quite important and is the key to whether you can make a profit: if you buy in on that day, and if unexpected circumstances occur the next day, causing the cryptocurrency price to fall below the 60-day moving average, then you must exit completely and not hold any other illusions.
Although the probability of falling below the 60-day moving average is very low with this method of selecting cryptocurrencies based on the monthly and daily charts, we still need to have a risk awareness.
In the cryptocurrency world, preserving the principal is the most important thing. However, even if you have already sold, you can wait until it meets the buying conditions again before buying back.
"When the cryptocurrency price directly falls below the 60-day moving average, then exit completely, do not hold any other illusions.
