On this journey, I have experienced three transitions between bull and bear markets, and I have almost stepped into all the pitfalls. However, it is these experiences that have allowed me to cultivate my own stable profit system.
First step: Add cryptocurrencies that have an increase in the ranking within 11 days to your watchlist, but it is important to note that cryptocurrencies that have fallen for more than three days need to be excluded to avoid capital already taking profits and escaping.
Second step: Open the candlestick chart and only look at cryptocurrencies with a MACD golden cross on the monthly chart.
Third step: Open the daily candlestick chart and only look at the 60-day moving average. As long as the price of the cryptocurrency pulls back to near the 60-day moving average and a high-volume candlestick appears, then enter the market heavily.
Fourth step: After entering the market, use the 60-day moving average as the standard. If the price is above the line, hold your position; if it is below the line, exit and sell. This is divided into three details.
The first is that when the price increase of a segment exceeds 30%, sell one-third.
The second is that when the price increase of a segment exceeds 50%, sell another one-third.
The third is the most important and is the core that determines whether you can make a profit. If you buy on that day and the next day some unexpected situation occurs, causing the price to drop below the 60-day moving average, you must exit completely and not hold any lucky thoughts. Although the probability of dropping below the 60-day moving average through this method of selecting currencies based on the monthly and daily charts is very low, we still need to have risk awareness. In the cryptocurrency world, preserving the principal is the most important thing. However, even if you have sold, you can wait to buy back when it meets the buying criteria again.
Therefore, discovering your own profit-making theory is the golden key to your stable income. Treat the experiences of others as fertilizer, as a reference standard to assess the feasibility of building your own theory.
