Learn these few steps, and you can 100% earn from trading cryptocurrencies!!
Step 1: Add cryptocurrencies that have shown an increase in the ranking within 11 days to your watchlist, but it is important to note that those that have dropped for more than three days should be excluded to avoid losing profits.
Step 2: Open the candlestick chart and only look at the cryptocurrencies that have a MACD golden cross on the monthly chart.
Step 3: Open the daily candlestick chart, here only look at the 60-day moving average. As long as the price of the cryptocurrency retraces to near the 60-day moving average and shows a large volume candlestick afterwards, enter with a large position.
Step 4: After entering, use the 60-day moving average as a standard. If it is above the line, hold; if it is below the line, exit and sell. There are a total of three details:
1. When the increase of the wave exceeds 30, sell one-third.
2. When the increase of the wave exceeds 50, sell another third.
3. The most important, and the core that determines whether you can make a profit, is that if you buy on one day and the next day there is an unexpected situation that causes the price to drop below the 60-day moving average, you must exit completely and not hold any delusions.
Although the probability of falling below the 60-day moving average is very low with this method of combining the monthly and daily charts, we still need to have a risk awareness. In this circle, the most important thing is to preserve the principal. However, even if you have already sold, you can wait for it to meet the buying conditions again before buying back.
Ultimately, the difficulty in making money is not the method, but the execution. "When the price directly falls below the 60-day moving average, you must exit completely and not hold any delusions;" just this one sentence kills 90% of people.
Recently, I plan to set up an ambush for a potential cryptocurrency that is ready to explode, doubling is quite simple. At the same time, I also plan to find some potential cryptocurrencies to hold until the end of the year, expecting a space of over 10 times is no problem. If you want to follow along, leave a message, follow, like, and join the group.