There is a very foolish way of trading cryptocurrencies, but it can make money in this bull market.

First step: Add cryptocurrencies that have risen in the rankings within 11 days to your watchlist, but be careful to exclude any that have dropped for more than three days to avoid capital fleeing after making a profit.

Second step: Open the candlestick chart and only look at cryptocurrencies with a MACD golden cross on the monthly level.

Third step: Open the daily candlestick chart, here only look at the 60-day moving average, as long as the price of the cryptocurrency pulls back near the 60-day moving average and a high-volume candlestick appears, then enter the market with a large position.

Fourth step: After entering the market, use the 60-day moving average as a standard, hold your position above the line and exit when below the line, which can be divided into three details.

The first is when the price increase during the wave exceeds 30%, sell one-third. The second is when the price increase during the wave exceeds 50%, sell another one-third. The third, and the most important, which determines whether you can profit, is that if you buy in on one day and the next day there is some unexpected situation where the price drops below the 60-day moving average, then you must exit completely, do not hold any lucky mindset. Although the probability of falling below the 60-day moving average using this method of selecting cryptocurrencies based on the monthly and daily charts is very small, we still need to have a risk awareness.

In the cryptocurrency market, preserving the principal is the most important thing. However, even if you have sold, you can wait until it meets the buying conditions again to buy back.

Ultimately, what makes it difficult to make money is not the method, but the execution. "When the price of the cryptocurrency directly falls below the 60-day moving average, then you must exit completely, do not hold any lucky mindset." This one sentence has killed 90% of people.

In short, in the cryptocurrency market, one cannot be rigid; adaptability is the key to long-term survival in the market. Therefore, we must pay attention to the fact that the overall market and individual cryptocurrencies can be completely opposite. Trading cryptocurrencies appears to be a contest with the market; in reality, it is a contest with human nature. The risks you see on the surface may actually be opportunities. Sometimes, what looks like an opportunity may actually be a trap tempting you.

Friends who are currently confused and directionless in trading, leave a comment with 111, may this bull market make you rich.