4 Tips for the Cryptocurrency World, So I Don’t Have to Work Now
As a poor college student, I made a five-figure income in just one year using a very simple method in the cryptocurrency world, which consists of 4 steps: selecting coins, buying in, managing positions, and selling. I will explain every detail clearly to you, (I suggest saving and following to avoid losing it later). I have tried many trading methods, which have allowed me to achieve relatively consistent profits. I am still using this method today, and it is both high and very stable.
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Step 1:
Add coins that have risen in the ranking over the past 11 days to your favorites,
but be careful to exclude any coins that have dropped for more than three days to avoid capital flight after realizing profits.
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Step 2:
Open the candlestick chart and only look at coins with a monthly MACD golden cross.
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Step 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,
After a volume candlestick appears, enter heavily.
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Step 4:
After entering the market, use the 60-day moving average as a standard, stay in when above,
Sell when below, with a total of three details.
One is that when the wave's increase exceeds 30,
Sell one-third,
The second is that when the wave's increase exceeds 50,
Sell another one-third,
The third is quite important
And it is the key to whether you can profit,
That is, if you buy in on that day,
And some unexpected situation occurs the next day,
The coin price directly breaks below the 60-day moving average,
Then you must exit completely,
Do not hold any other illusions,
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Although the probability of breaking below the 60-day moving average is very low with this monthly and daily selection method,
We still need to be aware of risks.
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In the cryptocurrency world, preserving capital is very important,
However, even if you have already sold,
You can wait for it to meet the buying conditions again
To buy back.
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Ultimately, the difficulty in making money is not the method, but the execution.
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"When the coin price directly breaks below the 60-day moving average, then exit completely, do not hold any other illusions.
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In summary, one cannot be rigid in the cryptocurrency world,
Being adaptable is the way to long-term survival in the market.