There is a very foolish method for trading cryptocurrencies. I have tried many trading methods, but most of them lack practicality. Only this method has allowed me to achieve relatively consistent profits. I am still using this method to this day, which is high and very stable.
Everyone need not worry about whether you can learn this. If I can seize this opportunity, so can you. I am not a god; I am just an ordinary person. The difference between others and me is that others have overlooked this method. If you can learn this method and pay attention to it in future trading, it can help you earn an additional 3 to 10 points in profit every day.
First Step: Add cryptocurrencies with rising trends in the past 11 days to your watchlist. However, it is important to note that cryptocurrencies that have dropped for more than three days should be excluded to avoid funds escaping after making profits.
Step 2: Open the candlestick chart and only look at cryptocurrencies with MACD golden crosses on the monthly level.
Step 3: Open the daily candlestick chart. Here, only look at the 60-day moving average. As long as the cryptocurrency price retraces to near the 60-day moving average and a large volume candlestick appears, enter the market with a large position.
Step 4: After entering the market, use the 60-day moving average as the standard. If it’s above the line, hold on; if it’s below, sell. This can be divided into three details.
The first point is to sell one-third when the fluctuation exceeds 30.
The second point is to sell one-third when the fluctuation exceeds 50.
The third point is the most important and is the core determining factor for whether you can make a profit. If you buy in on the same day and unexpected situations arise the next day, causing the price to break below the 60-day moving average, you must exit completely without any lucky thoughts.
Although the probability of breaking below the 60-day line is very low through this method of selecting coins based on monthly and daily lines, we still need to have risk awareness. In this regard, preserving the principal is the most important thing. However, even if you have already sold, you can wait to buy back when it meets the buying criteria again.
Ultimately, the difficulty in making money is not the method but the execution. "When the cryptocurrency price directly breaks below the 60-day moving average, you must exit completely without any lucky thoughts." Just this one sentence has eliminated 90% of people.
In short, in the cryptocurrency market, you cannot be rigid; adaptability is the key to long-term survival in the market. Therefore, we must pay attention to the fact that the overall market and individual cryptocurrencies are completely opposite. Trading cryptocurrencies appears to be a contest with the market, but in reality, it's a contest with human nature. The risks you see on the surface may actually be opportunities. Sometimes, what you see as an opportunity might actually be a trap to tempt you.
Now is also a relatively good opportunity to buy at the bottom. I will lead fans to ambush cryptocurrencies that have high explosive potential. Feel free to consult!
