Brothers, today I'm going to teach you a simple method that helped me turn my initial capital of 500,000 into 1,600,000 this year. I am still using this method, and as long as you can stay calm, you will generally make a profit, incur minimal losses, and it's easy to get started.
1. Select Potential Cryptocurrencies
First, find those cryptocurrencies whose prices have been rising for the past six months and add them to your watchlist.
However, if a cryptocurrency has fallen for more than three consecutive days, remove it from your watchlist. Such cryptocurrencies are likely to have been sold off by the big players and have no potential left.
2. Confirm Trend with MACD Monthly Chart
Open the MACD monthly chart and focus on the MACD golden cross. A golden cross at the monthly level indicates a positive medium to long-term trend, which has a higher win rate; it is the most basic signal for stable investment. (MACD indicator parameters)
3. Enter Near the 60-Day Moving Average on Daily Chart
Switch to the daily chart and look at the 60-day moving average. Wait for the price to pull back to near the 60-day moving average, and when a sudden surge in volume occurs with a bullish candlestick, that is the best time to enter with a heavy position. In this case, the probability of the price bouncing back from the moving average is quite high.
4. Strictly Implement Take Profit and Stop Loss
As long as the price is above the 60-day moving average, hold firmly. When you make a 30% profit, sell one-third first; when you reach a 50% profit, sell another one-third; if the price falls below the 60-day moving average, don't hesitate, just liquidate your position and exit. This rule must be strictly adhered to; even a little greed can ruin you.
Summary of Trading Core: Monthly MACD Golden Cross + Daily MA60 Moving Average. To participate in the upcoming feast, you might also consider trying new cryptocurrencies. Don't overdo it; even the smallest investment can be made, just aim for a pedal bike to turn into a motorcycle.
Although my method is simple, the key is in the execution. The method is straightforward, but failures often occur due to emotional trading, leading to even greater losses.
