After paying over ten thousand in tuition, I finally understand: trading cryptocurrencies to make money doesn't require complicated operations! This method can be learned by elementary school students, and by following it, you can outperform 90% of the amateurs.
1. Tips for Selecting Coins (Avoiding 99% of Pitfalls)
Look for recent strong coins, filtering for coins that have ranked in the top 50 in price increase over the past 11 days, but immediately discard any that have fallen for three consecutive days! These could be traps set by big players to sell at a high price.
Open the monthly chart and only look at coins that show a "golden finger" signal -- when the MACD lines cross upwards at the bottom, these coins are highly likely to start a significant trend.
For daily charts, focus on the 60-day moving average. When the coin price retraces near this line, and a large bullish candle appears (trading volume is more than 1.2 times the average of the previous five days), this is the best buying point.
2. Buy and Sell Mnemonics (Three Life-Saving Rules)
For confirming buy points, take an example: BNB is currently at $280, and the 60-day moving average is at $260. When the price drops to $265 and suddenly surges in volume, enter immediately! Use a tiered take-profit method: take out 113 when it rises by 30%, take out another 113 when it rises by 50%, and hold onto the remaining 1/3 for the long term (unless it breaks below the life line).
Life-saving technique: After buying, if the closing price drops below the 60-day moving average, clear your position immediately! Remember, it’s the closing price, not the intraday low, confirmed at midnight.
3. Pitfall Prevention Guide (Blood and Tears Experience of Veterans)
Avoid buying altcoins ranked outside the top 100 by market capitalization, avoid those with a 24-hour trading volume < 10 million USD, and avoid projects where the team hasn’t moved for three months. If you encounter any of these situations, pause trading: if Bitcoin suddenly spikes or plunges more than 10%, if the U.S. announces interest rate hikes, or if there are rumors of exchange outages.
Position control secret: Divide your funds into 10 parts, and only buy 1 part each time. Always keep 30% in reserve; during a crash, you are the boss!
4. Mentality Training (The Key to Truly Making Money)
Set up automatic alerts in T..w for price alerts (60-day line + 3%), and only trade when you hear the "ding" sound to avoid impulsive trades. Spend 5 minutes every night at 10 PM checking: whether your holdings are above the 60-day line, whether Bitcoin is consolidating, and whether there are any breaking news.
Remember: this method is like cruise control in driving; it allows you to reach your destination safely. But in the event of heavy rain (extreme market conditions), you must take control of the steering wheel yourself! Go practice now, and next month you will come back to thank me.
Follow Brother Jie, and eat nine meals a day! You can choose how much to earn, but I only give you one chance. If you want to get on board, hurry up; don’t wait until others have made their profits before you regret it!
The market waits for no one; hesitation means missing out!