The Most Profitable 'Stupid Method' for Trading Coins: Price Action!
Many people entering the crypto world get confused by various indicators, formulas, and flashy strategies, resulting in charts filled with lines that are hard to understand.
The more they analyze, the more chaotic it becomes, leading to a breakdown in mentality.
The more they operate, the more they lose!
As for me? I rely on the 'stupidest' method: Price Action Trading! It's simple to the extreme, yet it allows me to capture major trends time and time again.
Why is Price Action so powerful?
Because it has 6 'perverse' advantages:
1· Simple operation, beginners can understand it at a glance.
2· No need to add any indicators.
3· Easy trading, no brainwork, no effort.
4· No psychological burden.
5· Saves a lot of time.
6· Most importantly: it really can make money!
To put it simply, Price Action is about returning to the extreme simplicity; you don't need to get tangled up in 'why the market is like this,' you only need to focus on 'what might happen next.'
What does Price Action focus on? It's just a 'naked chart,' no indicators, only price and candlesticks. The key information is only a few:
1· Market structure
2· Support and resistance
3· Trend / Range / Channel
4· Candlestick patterns
5· Breakouts and false breakouts
That's enough!
For example: when the price repeatedly bounces at a certain support level, the next time it reaches that support, you can basically set up in advance, waiting for the rebound to profit.
This is not mysticism; it’s a pattern that appears repeatedly as the market is driven by public psychology!
How does Price Action make money? For instance, I notice a declining trend where the price bounces at the weekly resistance level, creating a 'lower high.'
No need to think too much; this is the simplest and clearest sell signal, just short it! While many people are still entangled with indicators, I have already successfully captured a major trend.
Price Action is not a rigid formula; it is a mindset that allows you to **understand the 'language' of the market**.
Different people may use it differently, but the ultimate core is the same: find the repeatedly occurring price patterns and grasp the next fluctuation!
You will find that the turning points of major trends are actually already written in the candlesticks!
I rely on it to turn from a frequently liquidated small trader to a stable profit-maker, step by step.
Price Action is the starting point of your journey to wealth!
