Learn this simplest method of trading cryptocurrencies, and you will gradually become wealthy. Master the following 10 rules:
1. If a strong cryptocurrency drops for 9 consecutive days at a high position, make sure to follow up in a timely manner.
2. If any cryptocurrency rises for 2 consecutive days, make sure to reduce your position in a timely manner.
3. If any cryptocurrency rises more than 7%, the opportunity to continue rising the next day can be observed.
4. Wait until previous bull markets have ended before entering the market again.
5. If any cryptocurrency has been stagnant for 3 consecutive days, observe for another 3 days; if there is no change, consider switching positions.
6. If any cryptocurrency fails to recover the previous day's cost price the next day, exit in a timely manner.
7. There must be five if there are three on the rise chart, and there must be seven if there are five. For cryptocurrencies that have risen for two consecutive days, buy on dips; the fifth day is usually a good selling point.
8. Volume and price indicators are crucial; trading volume can be considered the soul of the cryptocurrency market. When the price breaks out from a consolidation at a low level with increased volume, it needs attention; when there is increased volume but the price stagnates at a high level, exit decisively.
9. Only operate on cryptocurrencies that are in an upward trend; this maximizes gains and avoids waste. When the 3-day moving average turns upward, it indicates a short-term rise; when the 30-day moving average turns upward, it signifies a medium-term rise; when the 80-day moving average turns upward, it indicates a main upward trend; and when the 120-day moving average turns upward, it indicates a long-term rise.
10. In the cryptocurrency market, small funds do not mean no opportunities. As long as you master the correct method, maintain a rational mindset, and strictly execute strategies while waiting for opportunities to arise. Finally, I advise everyone not to trade cryptocurrencies full-time, and especially not to trade cryptocurrencies with borrowed money, or you will suffer greatly!