There is a dumbest way to trade cryptocurrencies that can help you buy a Xiaomi SU7 in three months!
Brothers, today I am sharing a method I used at the end of last year to turn 50,000 into 1,000,000, a hundredfold profit, simple and straightforward, suitable for everyone! I am still using this method, which is stable and efficient.
Step 1: Select Strong Coins
Add coins that have risen in the last 11 days to your favorites, but be careful to exclude coins that have fallen for more than 3 consecutive days to avoid capital fleeing after making profits.
Step 2: Monthly MACD Golden Cross
Open the monthly chart and only look at coins with a MACD golden cross. A monthly golden cross indicates a positive medium to long-term trend, which has a higher win rate.
Step 3: Enter near the 60-day moving average on the daily chart
Open the daily chart and only look at the 60-day moving average. When the coin price pulls back to near the 60-day moving average and a volume candle appears, enter with a large position!
Step 4: Use the 60-day moving average as a standard; hold above the line and sell below the line
If the price rises more than 30%, sell 1/3 of your position.
If the price rises more than 50%, sell another 1/3 of your position.
The most important point: if the coin price falls below the 60-day moving average the day after buying, exit completely, and do not have any wishful thinking! Although the probability of falling below is low, there are many black swans in the crypto world; preserving capital is the key.
The core of this method is: Monthly MACD Golden Cross + Daily 60-day Moving Average. It's simple and easy to learn, but the key is execution! Many people know the method but fail to execute it strictly, especially when they are reluctant to cut losses when the price falls below the 60-day moving average, resulting in greater losses.
Brothers, making money in the crypto world is not difficult; the challenge is discipline and execution. Save this method and use it next time you trade, and earn steadily!
The bull market is returning, and the market is about to take off. I have selected several hundred-fold coins for everyone, follow me, Wu Chan shares