The dumbest but most stable way to trade cryptocurrencies actually comes down to six rules. Remember these, and you'll earn more over time.
Short-term Six Rules:
🔹 High-level consolidation mostly leads to new highs, while low-level fluctuations are prone to further dips.
🔹 Do not operate during consolidation; wait for direction to be confirmed before taking action.
🔹 Enter on bearish candles, exit on bullish candles, and follow the rhythm of the candlesticks.
🔹 Slow declines lead to slow rebounds, while sharp declines lead to quick rebounds.
🔹 Use the pyramid method for building positions, adding more as prices drop.
🔹 After consecutive rises and falls, consolidation is likely; prolonged consolidation will change, so watch the direction.
Less action, take it slow, focus on logic; don't treat opportunities with reckless enthusiasm. Trading cryptocurrencies is ultimately a test of endurance.