There is a very foolish way to trade cryptocurrencies that allows you to maintain 'ever-profitable'

Last year at the end of the year, I played with 100,000, and now it's 30 million, effortlessly achieving a hundredfold profit. The experience summary is below for everyone to reference and learn!

Making money from trading is actually that simple; you just need these three steps! Master them skillfully, and you can easily multiply your account by ten!

Step 1: First, look at the trend

Step 2: Then find the key levels

Step 3: Look for entry signals

Enter the market, take profit, close the position, and leave

Isn't it simple?

Let's elaborate a bit more below

Step 1: First, look at the trend

The state of a market can result in three main outcomes: rising, consolidating, or falling.

What is a major trend? Look at the charts for periods longer than 4 hours,

like 4 hours, daily, or weekly (my personal habit is to look at 4 hours)

If it’s rising, go long; if it’s falling, go short; if it’s consolidating, don’t trade.

Step 2: Find the key levels

Whether the market is rising or falling, it will jump like a bouncy ball, moving step by step from bottom to top or from top to bottom.

What we need to do is enter the market at its jump-off point and exit at the next landing point. How to find the precise steps becomes key. #Bitcoin

This is what we call key levels (main support and resistance levels). #TradingCryptocurrency

Step 3: Look for signals

Generally, if you notice a trend in the larger timeframe, you should look for trading signals in the smaller timeframe to enter the market.

Everyone has different trading strategies; mastering one or two is enough. #CryptoCircle

What’s more important is to quickly devise a trading strategy.

A complete trading strategy includes:

(1) Target—What to trade;

(2) Position—How much to hold;

(3) Direction—Long or short;

(4) Entry point—At what price to trade;

(5) Stop loss—When to exit losing trades;

(6) Take profit—When to exit winning trades;

(7) Contingency—How to deal with unexpected situations;

(8) Follow-up—Actions after the trade ends.