The dumbest method for trading cryptocurrencies, every detail will be explained clearly to you!
Step 1: Open the daily chart, look only at the daily level, and select cryptocurrencies with a MACD golden cross, preferably choosing those that are above the zero axis, as this has the best effect!
Step 2: Switch to the daily level; here you only need to look at one moving average, called the daily moving average, buy when it is above the line and sell when it is below the line.
Step 3: After buying, if the cryptocurrency price breaks above the daily moving average and the volume is also above the daily moving average, you should buy with your entire position. For the fourth step, which is selling, this is divided into three details: the first is that when the wave's increase exceeds 40%, sell 1/3 of your total position. The second is that when the overall wave increase exceeds 80%, sell another 1/3, and when it falls below the daily moving average, liquidate your entire position.
Step 4 is also the most important step. Since we are using the daily moving average as our basis for buying, if an unexpected situation arises the next day and it directly drops below it, you must sell everything without holding onto any false hopes! Although the probability of it breaking below using our method is very low! We still need to have risk awareness! After selling, wait for it to regain the daily moving average before buying back again!