There is the dumbest method of trading cryptocurrencies that I have tried many easy methods, but most of them lack practicality. Only this method has allowed me to achieve relatively consistent profits. I am still using this method to this day, and it is very high and stable. Everyone need not worry about whether you can learn it; if I can seize this opportunity, so can you. I am not a god, just an ordinary person. The difference between others and me is that others have overlooked this method. If you can learn this method and pay attention to it during future trading, it can help you earn at least 3 to 10 points of profit every day.
First step: Add cryptocurrencies that have risen in the rankings over the past 11 days to your watchlist, but it is important to exclude those that have dropped for more than three days to avoid situations where profits have already escaped.
Second step: Open the candlestick chart and only look at the cryptocurrencies with a MACD golden cross on the monthly level.
Third step: Open the daily candlestick chart and only look at the 60-day moving average. As long as the cryptocurrency price pulls back to near the 60-day moving average and a volume candlestick appears, you can enter the market heavily.
Fourth step: After entering the market, use the 60-day moving average as the standard. Stay in the market when it’s above the line and sell when it’s below. This is divided into three details. The first is that when the price increase of the wave exceeds 30, sell one-third. The second is that when the price increase of the wave exceeds 50, sell another one-third. The third, which is the most important and core to your ability to profit, is that if you buy in on a certain day and the next day, due to some unexpected situation, the price directly falls below the 60-day moving average, then you must exit completely without any sense of luck. Although the probability of falling below the 60-day moving average using this monthly and daily combination method is very small, I must raise risk awareness. In the cryptocurrency world, preserving your capital is the most important thing. Even if you have sold, you can wait to buy back when it meets the buying conditions again.
Mr. Liu writes in conclusion: Ultimately, the difficulty in making money does not lie in the method, but in execution.
“When the cryptocurrency price directly falls below the 60-day moving average, you must exit completely without any sense of luck.” Just this one sentence has eliminated 90% of the people.
In short, you cannot be rigid in the cryptocurrency market; being adaptable 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 often behave in completely opposite ways. Trading cryptocurrencies appears to be a contest with the market, but in reality, it is a contest with human nature. The risks you see on the surface may actually be opportunities. Sometimes, what seems like an opportunity may actually be a trap tempting you. In the cryptocurrency world, those who are self-disciplined experience both pain and joy; where there is hope, hell can also be heaven.
So this method must be saved for everyone to refer to multiple times. Friends who find it useful can share it with more cryptocurrency traders around them. Follow me to learn more practical advice in the cryptocurrency space. After getting rained on, I am willing to hold an umbrella for the leeks! I am Mr. Liu. Follow me and let’s walk together on the cryptocurrency road!