I used the dumbest method for trading cryptocurrencies, and my win rate is close to 100%! (A must-read for all cryptocurrency traders)
1. Identify the market makers protecting the price, follow the right direction to profit!
If the market isn't crashing, but the coins you hold aren’t moving down, it indicates that the market makers are protecting the price. Hold onto these coins tightly, don't be scared off by short-term fluctuations, as there’s often a big profit to be made later!
2. For short-term trading, watch the 5-day moving average; for medium-term, focus on the 20-day moving average, don't be fooled by flashy indicators!
For short-term trades, stick to the 5-day moving average, hold if the price is above it, and cut losses decisively if it drops below; for medium-term trades, refer to the 20-day moving average with the same principle. Don’t get confused by various technical indicators, be decisive in your actions!
3. If there's no movement in three days of short-term trading, switch; if it drops by 5%, cut losses!
The essence of short-term trading is to enter and exit quickly. If the price doesn't rise within three days of buying, switch coins decisively; if it drops after buying, and you’re down by 5%, don't hesitate, just cut losses, don’t drag it out!
4. A coin price halving + consecutive sharp drops often indicate a bottom-fishing opportunity!
If a coin falls by over 50% from its peak and experiences nine consecutive days of plummeting, it usually signifies that it has “bottomed out,” and a buying opportunity is near. At this point, enter the market decisively, a rebound could happen at any moment!
5. Only chase the leaders, don’t catch falling knives!
Leading coins rise the fastest and are the most resilient in decline, so don’t shy away from buying just because the “price is high,” and avoid trying to catch the “falling knives” that have dropped sharply. Remember, in a bull market, the strong remain strong, and only by following the leaders can you make big profits!
6. Don’t fantasize about bottom-fishing; follow the trend in a downward market!
Coins that are crashing are like jumping off a building; you never know where the bottom is, so don’t be overconfident in “catching the bottom.” When the trend is downward, cut losses when necessary, following the trend is the way to go!
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