In this market where other people's money is put into one's own pocket, I genuinely hope my fans can make money. I am honored and happy to receive your attention.
There is a very foolish method of trading cryptocurrencies, but it can make money.
Teaching a man to fish is better than giving him fish. At the end of the article, I have prepared some very practical tips for everyone.
First step: Add cryptocurrencies that have risen in the ranking within 11 days to your watchlist, but be careful to exclude those that have fallen for more than three days, to avoid capital escaping after making a profit.
Second step: Open the candlestick chart and only look at cryptocurrencies with a MACD golden cross at the monthly level.
Third step: Open the daily candlestick chart, here only look at a 60-day moving average. As long as the cryptocurrency price pulls back near the 60-day moving average and a strong volume candlestick appears, then enter the market with a heavy position.
Fourth step: After entering the market, use the 60-day moving average as a standard. If the price is above the line, hold; if below, exit and sell. This is divided into three details.
1. When the wave's increase exceeds 30%, sell one-third,
2. When the wave's increase exceeds 50%, sell another one-third,
3. This is the most important part and the core that determines whether you can make a profit. If you buy on the day and the next day some unexpected situation occurs, and the price directly breaks below the 60-day moving average, you must exit entirely. Do not harbor any wishful thinking. Although the probability of breaking below the 60-day line using this method of selecting coins based on monthly and daily lines is very small, we still need to have risk awareness.
Protecting the principal is the most important thing. However, even if you have already sold, you can wait until it meets the buying conditions again to buy back.
Ultimately, the difficulty in making money lies not in the method but in execution. “When the price directly breaks below the 60-day moving average, you must exit entirely. Do not harbor any wishful thinking.” Just this one sentence has killed 90% of people.
Tips:
I have summarized some basic knowledge of candlesticks and some commonly used indicators into a summary document, which everyone can obtain (for free).
I sincerely thank everyone for their attention and support!
This post will always hold true for anything I say!
JUP/XRP/SOL