Brothers, today I will teach you a simple method that allowed me to turn 80,000 yuan into 3 million yuan last year. I am still using this method; as long as you can stay calm, it is a guaranteed profit and easy to grasp, ensuring you will learn it right away.
1. Select potential cryptocurrencies
First, find those cryptocurrencies whose prices have been rising for the past six months and add them to your watchlist. However, if a cryptocurrency has dropped for more than three consecutive days, delete it from your watchlist immediately, as it is likely that the traders have already sold off their holdings and there is no hope left.
2. Confirm the trend with MACD monthly chart
Open the MACD monthly chart and focus on the MACD golden cross. A golden cross at the monthly level indicates a positive medium to long-term trend, which has a higher win rate and is the most basic signal for stable investment. (MACD indicator parameters)
3. Enter near the 60-day moving average on the daily chart
Switch to the daily chart and look at the 60-day moving average. Wait for the price to pull back to near the 60-day moving average, and when a sudden volume surge occurs with a bullish candlestick, this is the best time to enter with a heavy position. In this case, the probability of price rebounding after touching the moving average is quite high.
4. Strictly execute take profit and stop loss
As long as the price is above the 60-day moving average, hold firmly. When you earn 30%, sell one-third first; when you earn 50%, sell another one-third. If the price falls below the 60-day moving average, do not hesitate; liquidate your holdings immediately. This rule must be strictly followed; even a hint of greed can lead to your downfall.
Summary of the core trading strategy: Monthly MACD golden cross + Daily MA60 moving average
Although the method is simple, the key lies in execution. The method is indeed straightforward, but it often fails due to emotional trading, especially when one is reluctant to cut losses after breaking below the 60-day moving average, resulting in even greater losses.
Making a fortune in the cryptocurrency market is not actually difficult; what is challenging is having iron-like discipline and execution. Just strictly follow the strategy, and you too can succeed.