Here is a simple beginner's guide on when to buy and sell cryptocurrencies using Binance on desktop:
1.Choose the cryptocurrency you want and maximize the chart.
2.Switch to TradingView.
3.Set the time frame to 5 minutes.
4.Remove all 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.MA 200 represents the overall trend of the market.
2.Buy when price crosses above MA 200.
3.Sell when price goes below MA 200.
4.Never buy if price is below the trend line of MA 200.
This strategy works well for me, but always remember to do your own research and analysis. Happy trading!