Let me share two of the dumbest methods for trading cryptocurrencies that will help you maintain 'eternal profits'. If you can execute them, making a million is achievable.
The 1st Method
1. Work hard for two months to increase your capital to around 10,000.
2. Buy cryptocurrencies when Bitcoin's weekly price is above the MA20; buy two to three coins, making sure they are new coins and trending during the bear market, such as APT before it surged. It emerged during the bear market. As long as Bitcoin rises a bit, it can take off, like OP. Remember, it has to be popular, with a story to tell.
3. Stop loss if Bitcoin falls below the MA20. Continue to make money during the buying or waiting period, allowing yourself two to three chances to fail. If you have 20,000 in savings and invest 10,000, you can afford to fail three times.
4. If you manage to buy a coin like APT, exit when it reaches around 4-5 times your investment. Keep executing the strategy; remember, with small capital, you must buy new coins and avoid ETH and BTC. Their price increases cannot support your dreams.
5. If you transition from a bear market to a bull market and achieve three 5x returns, you would have about 125 times your investment. This process may take between one to three years. You have three chances to fail; if you fail all three times, it indicates you lack the ability, and you should distance yourself from this circle, avoid investing, and especially steer clear of contracts.
In summary, remember to enter the market when it’s time, stop loss when needed, and be patient.
The 2nd Method
1. Add cryptocurrencies that have risen to the watchlist within 11 days, but be cautious to exclude any coins that have declined for more than three days to avoid capital flight after profit-taking.
2. Open the candlestick chart and only look at coins with MACD golden crosses on the monthly chart.
3. Open the daily candlestick chart and focus solely on the 60-day moving average. As long as the price retraces to the vicinity of the 60-day moving average and a volume increase candle appears, enter your position.
4. After entering, use the 60-day moving average as a standard; hold if above it and sell if below it.
① Sell one-third when the price surge exceeds 30%.
② Sell another one-third when the price surge exceeds 50%.
③ This is the most important part and the core that determines whether you can profit: if you buy in on a day and the next day an unexpected situation occurs, causing the price to fall below the 60-day moving average, you must exit completely without any luck-based thinking.