I used the dumbest method for trading cryptocurrencies, and my win rate is close to 100%! (A must-read for all cryptocurrency traders)
I have a senior friend who used to run a car repair shop. Later, he got into the cryptocurrency world and started seriously studying trading. Unexpectedly, he achieved a turnaround in life through this method, and now his assets are in the 8-digit range! His method is particularly simple, with just 4 steps: from selecting coins, buying, position management to selling, each step is clear and straightforward. Now, let me detail how he does it.
First, the first step is to select coins. Open the daily chart and focus on those cryptocurrencies that have a MACD golden cross at the daily level. It's best to choose those that have a golden cross above the zero line, as these coins are more likely to rise and perform better.
The second step is to look at the daily moving average. Switch to the daily level and observe the moving average, which is the daily moving average. Remember a principle: if the coin price is above the daily moving average, hold onto it; if it falls below the daily moving average, sell it quickly without hesitation.
The third step is to buy. Once you have selected a coin, wait for the coin price to break through the daily moving average while the trading volume is also above the daily moving average, then buy in fully. At this point, the likelihood of a price increase is high, so you must seize the opportunity.
The fourth step is to sell. There are three small details here. When the price increase of the coin exceeds 40%, sell one-third of your position to secure some profits. When the price increase exceeds 80%, sell another one-third of your position to further reduce risk. If the coin price falls below the daily moving average, do not hesitate and sell everything.
Lastly, there is one more step: risk control. This is crucial! We base our buying on the daily moving average, and if the next day the coin price suddenly drops below the daily moving average, it is essential to sell everything—do not have any illusions! Although the probability of a drop based on our coin selection method is small, we must always be aware of the risks. After selling, wait for the coin price to rise back above the daily moving average before considering buying again.
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