There is a very foolish method for trading cryptocurrencies

There is a very foolish method for trading cryptocurrencies that I have tried many trading methods, and it has allowed me to achieve relatively consistent profits. I am still using this method to this day; it is high and very stable.

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Step 1:

Add cryptocurrencies that have risen in the ranking within the last 11 days to your watchlist,

but it is important to note that cryptocurrencies that have fallen for more than three days need to be excluded to avoid capital escaping after profit.

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Step 2:

Open the candlestick chart and only look at the cryptocurrencies with a MACD golden cross on the monthly level.

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Step 3:

Open the daily candlestick chart and only look at the 60-day moving average,

As long as the coin price pulls back to near the 60-day moving average,

and after a volume candlestick appears, then enter the market heavily.

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Step 4:

After entering the market, use the 60-day moving average as the standard; if it goes above, hold your position,

if it goes below, exit and sell. This is divided into three details.

The first is when the wave's increase exceeds 30,

sell one-third,

the second is when the wave's increase exceeds 50,

sell another one-third,

the third is the most important,

and it is the core that determines whether you can profit,

that is, if you buy in on that day,

and the next day there is an unexpected situation,

if the coin price directly falls below the 60-day moving average,

then you must exit completely,

don't have any delusions of luck.

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Although the probability of breaking below the 60-day moving average is very small through this method of selecting coins with monthly and daily charts,

we still need to have risk awareness.

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In the cryptocurrency circle, preserving your principal is the most important thing,

however, even if you have already sold,

you can wait for it to meet the buying criteria again

before buying back.

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Ultimately, the difficulty in making money is not the method, but the execution.

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"When the coin price directly falls below the 60-day moving average, you must exit completely; don’t have any delusions of luck.

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In summary, in the cryptocurrency circle, you cannot be rigid,

adapting to changes is the way to survive in the market for a long time,

so here we must pay attention,

the situation of the market and individual coins is completely opposite,

trading cryptocurrencies appears to be a contest with the market,

in reality, it is a battle with human nature; the risk you see on the surface

may actually be an opportunity,

sometimes the opportunity you see

may be a trap tempting you.