How do you make money in the crypto world?
If you plan to trade cryptocurrencies long-term but don't understand the technology and haven't found effective trading tips, you might want to try this super simple "foolproof" strategy. Even if you're a complete beginner, you can easily get started with a success rate of up to 80%. Whether buying or selling, just follow the steps.
First, you need to pick cryptocurrencies that are either rising or at least stable; directly pass on those that are falling or have a clear downward trend.
Then, divide your money into three parts. When the coin price crosses the 5-day moving average, carefully buy one-third first. Wait until it crosses the 15-day moving average, then buy another one-third. If it can also cross the 30-day moving average, buy the remaining one-third as well. This step must be strictly followed; don't be lazy.
Next, if the coin price, after crossing the 5-day moving average, lacks the strength to continue to the 15-day moving average and instead drops, as long as it doesn't fall below the 5-day moving average, hold steady. If it breaks below that, sell immediately.
The same logic applies if the coin price crosses the 15-day moving average but lacks the strength to continue. As long as it doesn't fall below the 15-day moving average, hold on. If it breaks, sell one-third first. If the portion at the 5-day moving average is still stable, keep holding it. If the coin price crosses the 30-day moving average and then drops, follow the previous rules and sell as needed.
Conversely, when selling, do it the same way. If the coin price is high, and once it drops below the 5-day moving average, sell one-third first. If it doesn't drop further, keep holding the remaining 60%. But if the 5-day, 15-day, and 30-day moving averages are all broken, clear out completely without hesitation.
This foolproof strategy is simple, but the key is to stick to the rules. Once you buy, you must establish the buying and selling rules; only by strictly adhering to the rules can you make money!
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