Here's a simple guide for beginners on when to buy and sell cryptocurrencies using Binance desktop:
1.Choose the cryptocurrency you want and maximize the chart.
2.Switch to TradingView.
3.Set the timeframe to 5 minutes.
4.Remove any existing indicators.
5.Add the Exponential Moving Average (EMA) indicator:
Set its length to 20, color to white, and line thickness to medium.
6.Add another EMA indicator:
Set its length to 50, color to blue, and line thickness to medium.
7.Add the Moving Average (MA) indicator:
Set its length to 200, color to green, set the thickness to maximum, and enable the price level.
Buy and Sell Strategy:
1.The 200 MA represents the overall market trend.
2.Buy when the price crosses above the 200 MA.
3.Sell when the price drops below the 200 MA.
4.Never buy if the price is below the 200 MA trendline.
This strategy works well for me, but remember to always do your own research and analysis. Happy trading!