If you want to trade in cryptocurrencies for the rest of your life, but don’t understand the technology and can’t find a suitable method to trade cryptocurrencies, then you might as well try this “fool-proof” operation. It is simple and practical. Even if you are a newbie, you can easily operate it. With an accuracy rate of over 80%, you can follow this method to buy and sell cryptocurrencies!
1. The selected coin must be in an upward trend. Of course, it is also acceptable to be in consolidation, but those that are in a downward trend or whose moving averages are all opening downward must not be selected.
2. Divide the funds into three equal parts. When the currency price breaks through the 5-day moving average, buy 30% of the position with a light position. When the currency price breaks through the 15-day moving average, buy another 30%. Similarly, when the price breaks through the 30-day moving average, buy the last 30%. This requirement must be strictly enforced.
3. If the price of the currency does not continue to break above the 15-day moving average after breaking above the 5-day moving average and instead pulls back, as long as it does not break the 5-day line during the pullback, maintain your original position. If it breaks, sell.
4. Similarly, if the price of the currency breaks above the 15-day moving average but does not continue to rise, hold if it pulls back without breaking the 15-day moving average. If it breaks, sell 30% first; if it doesn't break the 5-day moving average, hold 30% of your position.
5. When the price of the currency continues to break above the 30-day moving average and then pulls back, sell all at once as before.
6. Selling is the opposite; when the price of the currency is high and breaks below the 5-day line, sell 30% first. If it doesn't continue to go down, hold the remaining 60% of your position. If the 5-day, 15-day, and 30-day lines are all broken, sell everything; do not hold onto false hopes.
This 'foolproof' trading method, while simple, requires execution. After you buy in, the trading system is formed, and only by strictly adhering to trading discipline can you earn profits.