The method I am sharing with you today is actually very simple. Even if you are a beginner in the cryptocurrency world, as long as you strictly follow this method, you can easily make money.
First, we need to set the moving averages on the K-line chart to three lines: the 5-day moving average, the 15-day moving average, and the 30-day moving average. The 30-day moving average is the lifeline and serves as a strong support or resistance. Then, you can use these three moving averages to buy and sell cryptocurrencies.
1. The selected cryptocurrency must be in an upward trend. Of course, it can also be in a consolidation phase, but it must not be in a downward trend or have moving averages that are all pointing down.
2. Divide the funds into three equal parts. When the price breaks through the 5-day moving average, buy 30% with a light position. When the price breaks through the 15-day moving average, buy another 30%. Similarly, when it breaks through the 30-day moving average, buy the final 30%. This requirement must be strictly adhered to.
3. If the price does not continue to break up after breaking through the 5-day moving average and instead retraces, as long as the retracement does not break below the 5-day line, maintain the original position. If it breaks below, sell.
4. Similarly, if the price breaks through the 15-day moving average but does not continue to break up and retraces without breaking below the 15-day moving average, continue to hold. If it breaks below, first sell 30%. If it does not break below the 5-day moving average, hold the remaining 30% position of the 5-day moving average.
5. When the price continues to break up through the 30-day moving average and then retraces, sell all at once according to the previous method.
6. Selling is the opposite. When the price is at a high level and breaks below the 5-day line, first sell 30%. If it does not continue to drop, hold the remaining 60% position. If the 5-day, 15-day, and 30-day lines all break below, sell everything. Do not hold onto false hopes.
This "foolproof" method is simple, but the most important thing is to have execution. Once you buy in, the trading system is formed, and only by strictly following the trading discipline can you earn profits.
I made tens of millions using this method in the cryptocurrency world!
First bucket of gold in the cryptocurrency world: 8000 entered the cryptocurrency world and grew to 10 million in less than 3 years! (Earned purely by luck)
Second bucket of gold in the cryptocurrency world: 8 million in debt to 200,000 starting point to 20 million, took 4 years (luck + skills)
Third bucket of gold in the cryptocurrency world: From May 23, 2022, to November 14, 2024,
In two years, with less than 700,000, the yield rate reached 418134.86%, achieving more than 28 million.
