A foolproof method for beginners to trade cryptocurrencies!!!
Let me tell you a very simple and almost guaranteed way to trade cryptocurrencies. Although it sounds a bit silly, it really works!
I know a senior who used to run a supermarket and later entered the crypto world. With this method, he achieved a turnaround in his life, and now his assets are in the eight figures! His method consists of four steps, from selecting coins to buying and selling, each step is very clear and particularly suitable for beginners.
Step 1: Select Coins
Open the daily chart and only look at those coins with MACD golden crosses, especially those above the zero axis, as they have the best effect! A MACD golden cross occurs when the short-term moving average crosses above the long-term moving average, which is usually a buy signal.
Step 2: Check the Daily Moving Average
Switch to the daily chart and only look at one moving average—the daily moving average. Remember one principle: hold when above the line, sell when below the line. If the coin price is above the daily moving average, hold it; if it drops below, sell it.
Step 3: Buy
When the coin you selected breaks above the daily moving average, and the trading volume is also above the daily moving average, you can buy in with your entire position. This indicates a strong trend, and it is very likely to rise.
Step 4: Sell
Selling is divided into three steps:
1. When the coin price rises by 40%, sell 1/3 of your position;
2. When the coin price rises by 80%, sell another 1/3;
3. If the coin price falls below the daily moving average, sell everything immediately, without hesitation!
The most important point: Risk Control
If the price drops below the daily moving average the day after you buy, don’t hold onto false hopes—sell everything immediately! Although the probability of falling below using this method is very low, you must have a sense of risk. Wait until the coin price is back above the daily moving average before buying again.
This method is simple but very practical. The key is to execute it strictly—don’t be greedy and don’t panic. Take your time, proceed steadily, and making money is just a matter of time!
