How much money have you made in the cryptocurrency space?
I went from 3 million to 8 million in debt, and then to a profit of 10 million, mainly mastering contract skills. If you learn, you can do it too. I want to share a trading strategy that I have used.
1. Add cryptocurrencies that have risen in the top list within 11 days to your watchlist, but be careful to exclude those that have fallen for more than three days to avoid capital escaping after making profits.
2. Open the candlestick chart, only look at the cryptocurrencies with a monthly MACD golden cross.
3. Open the daily candlestick chart, here only look at the 60-day moving average. As long as the coin price retraces to near the 60-day moving average and shows a large volume candlestick, then enter the market heavily.
4. After entering the market, use the 60-day moving average as the standard: if the price is above it, hold; if it is below, sell. This is divided into three details:
1. When the wave's increase exceeds 30%, sell one-third.
2. When the wave's increase exceeds 50%, sell another third.
3. The most important point, which determines whether you can profit, is that if you buy in on the same day and the next day there is some unexpected situation causing the coin price to fall below the 60-day moving average, you must exit completely and not hold onto any false hopes.
Although the probability of falling below the 60-day moving average is very low with this method of selecting coins using the monthly and daily lines, we still need to be aware of risks. In the cryptocurrency space, preserving your principal is the most important thing. However, even if you have already sold, you can wait to buy back when it meets the buying conditions again.
Ultimately, the difficulty in making money lies not in the method, but in execution.
A trading system is a weapon that allows you to achieve stable profits. It can help you mark key levels, discover entry signals, and find trading opportunities that can make you money.
Daily trading, continuous profits. For friends who are confused about trading and want to make profits back, get on board quickly!!
