Eight years of cryptocurrency trading, from 100,000 to 20 million, this method is super practical, with a very high success rate, and even beginners can easily get started!
Today I will teach you a secret to trading cryptocurrencies, it’s very simple, even if you are a newbie in the crypto world, as long as you follow along, you can make money. Let’s first agree, when looking at the candlestick chart, set three moving averages: 5-day, 15-day, and 30-day, with the 30-day being the lifeline, it’s very crucial.
When selecting coins, choose those that are rising, or those that are consolidating, but absolutely avoid those that are falling, and those with moving averages that are too close together are also not acceptable.
Divide your funds into three parts; when the coin price breaks through the 5-day moving average, buy one-third with a light position; when it breaks through the 15-day moving average, buy another one-third; when it breaks through the 30-day moving average, buy in fully. Remember, this step must be strictly followed.
If the coin price breaks through the 5-day moving average but does not continue to rise and instead falls back, as long as it does not break the 5-day moving average, hold on; if it breaks, sell immediately.
Similarly, if the coin price breaks through the 15-day moving average but does not continue to rise, as long as it does not break the 15-day moving average, continue to hold; if it breaks, sell one-third first, and as long as it does not break the 5-day moving average, keep that one-third position.
If the coin price continues to rise and breaks through the 30-day moving average, then falls back, handle it according to the methods mentioned above.
The timing for selling is also very important; when the coin price is at a high point, and breaks below the 5-day moving average, sell one-third first; if it does not continue to fall, keep holding the remaining 60% of the position. If all the 5-day, 15-day, and 30-day moving averages are broken, then sell everything, do not hold onto any hopes.
This method is simple, but the most important thing is to strictly follow it. After buying, the trading system is established, and you must adhere to the trading discipline, only then can you make money.
For the next layout direction, I will guide everyone to target the lucrative opportunities in altcoins, especially those with great potential projects, an expected space of over 10 times is not a problem. If you want to make big money in a bull market, like + leave a message, and I will take you to layout the entire bull market!