Whether you are speculating in cryptocurrencies for the long term, short term or intraday, you can make tens of millions from 200,000 yuan by repeatedly using the simplest method of speculating in cryptocurrencies. Do you dare to believe it?
Five years ago, I met a senior in Shanghai. He used the simplest method to easily withdraw more than 12 million yuan in the cryptocurrency circle. He taught us at the time that the truth is always simple. If you think too much about cryptocurrency trading, the more you consider, the less accurate your judgment will be. Those who lose money trade in cryptocurrency in this way. If you want to make a profit, it is actually very simple. Just find a method that suits you and what you are good at, and do it repeatedly. Unknowingly, your account number will go up. The words of the senior have always been engraved in my mind.
The method I used back then, I have consistently applied in practice, and compared to other methods on the market, it is indeed simpler and more practical. Below, I will share this method with everyone. As long as you can learn it, even if you can't multiply your investment by dozens or hundreds of times like your predecessors, at least making some pocket money shouldn't be a problem.
Alright, without further ado, let's get straight to the point. The method is very simple; everyone just needs to remember this mnemonic.
First, wait a bit longer when the market is consolidating. When the market is in a sideways consolidation, it is best to observe for a while because after consolidation, the market will change. It is best to act only after a clear trend appears.
Second, do not hold on to hot positions, change positions frequently. From start to finish, it can end up empty. All popular short-term positions are speculative; once the heat cools off, capital will leave immediately. If you lag behind, you will be left alone, confused in the wind.
Third, when there is a gap up and a big rise, there is hope during the upward movement. The K-line slowly rises, showing a high opening bullish line, and the volume also expands, indicating that the market has entered an acceleration phase. At this time, we must remain calm, hold the position steady, and what awaits you next will be a wave of significant profit.
Fourth, do not cling to large bullish lines; be decisive in exiting at the end of the trading day. Whether at a high or low position, after a large bullish line appears, there will be a pullback; even if it reaches the limit up, you should exit. We must prevent profit withdrawal.
Fifth, when buying on a down day, if you make a mistake, you should still buy on an up day, and if you make a mistake selling, you should still sell. Here, the line refers to moving averages or important support or resistance levels. Short-term traders generally only look at the daily moving average and daily attack line. I don't like to drag things out; I typically only hold for three days at most, not exceeding a week, even if things get better later, it won't concern me.
Sixth, do not chase highs, do not sell, do not jump into the water, do not buy, remain still during consolidation. This can be considered a basic principle for survival in the cryptocurrency market. If you want to survive for a long time in the cryptocurrency market, you must remember this phrase well.
Seventh, buy in at the right moment, prepare first, better to enter less than to enter too much. No matter how confident you are, you cannot invest all your funds at once. Because in the cryptocurrency market, the only constant is change.
Ask yourself four questions before taking action.
1. What is the reason for your purchase?
2. What is your trading plan?
What will you do after a drop?
4. What is your follow-up action after being trapped?
As long as you can ensure that everything has expectations and responses to the facts, you will inevitably achieve stable profits. If you still feel confused and don't know how to approach this market, comment 333 to get on board!
