Trading coins for 8 years, from a principal of 100,000 to 30 million, just using this trick, with a winning rate of up to 99%, suitable for everyone
Today, I will share a method that is actually very simple. Even if you are a newcomer in the cryptocurrency world, as long as you strictly follow this method, you can easily make money.
First, we need to set the moving averages on the K-line chart to three moving averages, namely the 5-day moving average, the 15-day moving average, and the 30-day moving average. The 30-day moving average is the lifeline, a strong support or resistance line. Then, you can buy and sell the cryptocurrencies based on these three moving averages.
1. The selected cryptocurrency must be in an upward trend; of course, those in a consolidation phase are also acceptable, but those in a downward trend or with moving averages opening downward must not be selected.
2. Divide the funds into three equal parts. When the cryptocurrency price breaks through the 5-day moving average, buy 30% with a light position. When the price breaks through the 15-day moving average, buy another 30%. Similarly, buy the last 30% when it breaks through the 30-day moving average. This requirement must be strictly executed.
3. If the cryptocurrency price does not continue to break above the 15-day moving average after breaking through the 5-day moving average but instead pulls back, as long as the pullback does not break the 5-day line, maintain the original position. If it breaks, sell.
4. Similarly, if the price breaks the 15-day moving average but does not continue to break upwards, hold as long as it does not break the 15-day moving average. If it breaks, sell 30% first. If it does not break the 5-day moving average, continue to hold the 30% position.
5. When the cryptocurrency price continues to break above the 30-day moving average and then pulls back, sell off according to the previous method all at once.
6. Selling is the opposite. When the cryptocurrency price is at a high position and breaks below the 5-day line, sell 30% first. If it does not continue to fall, hold the remaining 60% position. If the 5-day, 15-day, and 30-day moving averages are all broken, sell everything; do not hold onto false hopes.
This "foolproof" trading method is simple, but the most important thing is to have the willpower to execute it. Once you buy in, the trading system is established, and only by strictly following the trading discipline can you earn profits.