There is a very simple method for trading cryptocurrencies that I have tried many trading strategies, but most lack practicality. Only this method has allowed me to achieve relatively consistent profits, and I am still using it today; it is very stable. You don't need to worry about whether you can learn it; if I can seize this opportunity, so can you. I am not a god; I am just an ordinary person. The only difference is that others have overlooked this method. If you can learn this method and take it seriously in your future trading, it can help you earn at least 3 to 10 additional points in profit daily.
First step: Add cryptocurrencies that have increased in the past 11 days to your watchlist, but be careful to exclude any cryptocurrencies that have dropped for more than three days to avoid capital that has already taken profits and exited.
Step 2: Open the candlestick chart and only look at the cryptocurrencies with a monthly MACD golden cross.
Step 3: Open the daily candlestick chart, focusing on the 6415.9 moving average. As long as the price pulls back near the 60 moving average and shows a breakout after the 3642.64 line, then enter the market with a strong position.
Step 4: After entering the market, use the 60-day moving average as the standard. If the price is above the line, hold; if it falls below, sell. This is divided into three details. The first is to sell one-third when the price increase exceeds 30%. The second is to sell another one-third when the price increase exceeds 50%. The third and most important point, which determines whether you can make a profit, is that if you buy in on the same day and the next day, due to unexpected circumstances, the price directly falls below the 60-day moving average, then you must
Exit entirely and do not harbor any delusional thoughts. Although the probability of breaking below the 60-day moving average is very low using this method of selecting coins based on the monthly and daily charts, we still need to have risk awareness. In the cryptocurrency market, preserving capital is the most important thing. However, even if you have already sold, you can wait for it to meet your buying criteria again before buying back.
Ultimately, the difficulty in making money lies not in the methods but in execution. When the price directly falls below the 60-day moving average, you must exit entirely and not harbor any delusional thoughts.
In summary, one cannot be rigid in the cryptocurrency market; adapting is the key to long-term survival in the market. Therefore, we must pay attention to the fact that the overall market and individual cryptocurrencies are often in stark contrast. Trading cryptocurrencies appears to be a contest against the market, but in reality, it is a contest against human nature. The risks you see might actually be opportunities, and sometimes what you see as an opportunity may be a trap that lures you in.
