There is a very reliable method for speculating in cryptocurrencies. It looks simple, but it can really make money.
You have to keep an eye on the coins that have seen good growth in the past 11 days. Don't just jump in. Be careful. If a coin has fallen for more than three consecutive days, give up. It is likely that someone has trapped it. Open the K-line chart and focus on the coins with a golden cross in the MACD on the monthly line. This is like climbing a slope, with a strong momentum and momentum.
Then look at the daily line, especially the 60-day moving average, which is very critical. If the price of the coin falls near this line and the trading volume suddenly increases, it is a good opportunity to buy decisively. At this time, the 60-day moving average is your bottom line. As long as the price of the coin stays above the line, continue to hold it. Once it falls below this line, don't hesitate, sell it immediately, and cut the Gordian knot.
You have to have a plan for investment, don't mess around. If you make a profit in a wave, you must lock in the profit in time. If it rises by 30%, sell part of it first to lock in the profit; if it rises to 50%, sell a little more to leave yourself a safety cushion. But don't take it lightly. If you just bought it and the price of the currency fell below the 60-day moving average the next day, don't fight it anymore, clear your position decisively, and don't think it can go back up. This kind of fluke mentality is the most harmful, and the sooner you get rid of it, the better.
The most important thing about currency trading is to protect the principal. Sometimes you sell too early and miss the big rise, it doesn't matter, there are many opportunities. The next time the market comes, there is still a possibility of making money. In the final analysis, it is not difficult to make money, but it is difficult to abide by the rules. There are not many people who can really do the iron rule of "sell all immediately when the price of the currency falls below the 60-day moving average". But we have to set this rule for ourselves, be less greedy, and be safer, so that we can go further.
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