#BTC $ETH In recent days, everyone should have seen that I have been emphasizing the importance of being cautious, and I even wrote a blog post specifically discussing the issue of false breakouts. Thank you to my fans for the likes; many newcomers may not fully understand, but that’s okay, understanding will come gradually.
Next, I will share a foolproof trading method in the cryptocurrency world!!!
Let me tell you a particularly simple and almost guaranteed method for trading cryptocurrencies. Although it sounds a bit silly, it really works!
I know a senior who used to run a supermarket. Later, he entered the cryptocurrency world and achieved a turnaround in his life using this method. Now his assets are in the eight figures! His method has four steps, from selecting a coin to buying and selling, each step is very clear, and it is especially suitable for beginners.
Step 1: Select a Coin
Open the daily chart and only look at those coins with a MACD golden cross, especially those above the zero axis, as this effect is the best! A MACD golden cross occurs when the short-term moving average crosses above the long-term moving average, which is usually a buying signal.
Step 2: Look at the Daily Moving Average
Switch to the daily chart and only look at one moving average—the daily moving average. Remember a principle: hold when above the line and sell when below. If the coin price is above the daily moving average, hold it; if it breaks below, sell it.
Step 3: Buy
When the price of the coin you selected breaks above the daily moving average and the trading volume is also above the daily moving average, you can buy in fully. This indicates that the trend is strong, and it is likely to rise.
Step 4: Sell
Selling is divided into three steps:
1. When the coin price rises by 40%, sell 1/3 of your position;
2. When the coin price rises by 80%, sell another 1/3;
3. If the coin price breaks below the daily moving average, liquidate your position immediately, don’t hesitate!
The most important point: Risk Control
If the price suddenly drops below the daily moving average the day after you buy, don’t hold onto false hope; sell everything immediately! Although the probability of breaking down using this method is very low, having a sense of risk is essential. Wait for the price to regain the daily moving average before buying back in.
This method is simple but very practical. The key is to execute it strictly, avoid greed, and don’t panic. Take your time, proceed steadily, and making money is only a matter of time!
