47,552,285,794 coin trading tips that helped me leave my job with a monthly income over 10,000!
I, an ordinary office worker, made a five-figure income in the cryptocurrency market in a year using a very simple method with just four steps: choosing coins, buying, position management, and selling. I will explain every detail clearly. I have tried many trading methods and achieved relatively consistent profits. I still use this method today; it is high yield and very stable.
Step 1:
Add coins with rising percentages over the past 11 days to your watchlist,
but be careful to exclude any coins that have fallen for three days or more to avoid capital escape after profit.
Step 2:
Open the candlestick chart and only look for coins with a MACD golden cross on the monthly level.
Step 3:
Open the daily candlestick chart; here we only look at a 60-day moving average.
As long as the coin price pulls back near the 60-day moving average,
after a volume candlestick appears, enter the market heavily.
Step 4:
After entering the market, use the 60-day moving average as a standard. If the price is above, hold; if it’s below, sell. There are three details in total.
One is when the swing increase exceeds 30%,
sell one-third.
Two is when the swing increase exceeds 50%,
sell another one-third.
Three is quite important,
and it determines whether you can make a profit.
That is, if you buy in on the same day,
and some unexpected situation occurs the next day,
causing the price to drop below the 60-day moving average,
then you must exit completely,
don’t hold onto any other delusions.
Although the probability of breaking below the 60-day moving average is very low using this method of selecting coins based on the monthly and daily lines,
we still need to have a risk awareness.
In the cryptocurrency market, preserving capital is the most important thing.
However, even if you have sold,
you can wait for the next opportunity that meets the buying condition to buy back.
Ultimately, it’s not the method that makes it hard to earn money,
it’s the execution.
When the price drops below the 60-day moving average, then exit completely, don’t hold onto any other delusions.
In conclusion, in the cryptocurrency market, you cannot be inflexible;
being adaptable is the key to long-term survival in the market.
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