There is a dumbest method for trading cryptocurrencies that almost guarantees 100% profit. I made over 20 million using this method!
Today I will teach you a secret for trading cryptocurrencies that is very simple. Even if you are a newbie in the crypto world, you can still make money by following these steps. First, let's agree on this: when looking at the K-line chart, set three moving averages: 5-day, 15-day, and 30-day, where the 30-day average is the lifeline and very crucial.
Choose currencies that are rising, or those that are consolidating, but definitely avoid those that are falling. Also, do not trade if the moving averages are too close together.
Divide your funds into three parts: when the price breaks above the 5-day moving average, buy one-third with light positions; when it breaks above the 15-day moving average, buy another one-third; when it breaks above the 30-day moving average, buy in fully. Remember, this step must be strictly followed.
If the price breaks above the 5-day moving average and then does not continue to rise, but instead falls back, as long as it does not break below the 5-day moving average, hold on to it; if it breaks below, sell immediately.
Similarly, if the price breaks above the 15-day moving average and does not continue to rise, as long as it does not fall below the 15-day moving average, continue to hold it; if it breaks below, sell one-third first. As long as it does not fall below the 5-day moving average, keep that one-third position.
If the price continues to rise and breaks above the 30-day moving average but then falls back, handle it according to the method above.
Timing for selling is also very important. When the price is at a high point and falls below the 5-day moving average, sell one-third first; if it does not continue to fall, keep the remaining 60% position. If all three moving averages (5-day, 15-day, and 30-day) are broken, then you should sell everything, and do not hold any hopes of recovery.
This method, although simple, requires strict execution. Once you've bought, the buying and selling system is established, and you must adhere to trading discipline to make a profit.
If you are also a tech enthusiast and are keen on studying technical operations in the crypto world, feel free to check out my articles on the Gongzhong account 'Crypto Circle Sunny Day' where you can get the latest crypto information and trading skills.