There is a very foolish way to trade cryptocurrencies that almost guarantees 100% profit.
From now on, start studying cryptocurrency trading seriously.
There is an uncle around me who used to drive a taxi, then he got involved in the cryptocurrency world. From then on, he started studying cryptocurrency trading seriously and achieved a significant turnaround in his life, with assets reaching 8 figures. The method he uses is actually very simple, with just 4 steps: selecting the cryptocurrency, buying in, managing positions, and selling out. He will explain every detail clearly to you!
The first step is to open the daily chart and only look at daily-level cryptocurrencies with a MACD golden cross. It’s best to choose a golden cross that is above the zero line, as this has the best effect!
The second step is to switch to the daily level and look at only one moving average, called the daily moving average. Buy when the price is above the line and sell when it is below.
The third step is after buying, if the cryptocurrency price breaks through the daily moving average and the volume is also above the daily moving average, then buy with all your holdings. The fourth step is selling, which is divided into three details. The first is when the wave increase exceeds 40%, sell 1/3 of the total position. The second is when the overall wave increase exceeds 80%, sell another 1/3. If it falls below the daily moving average, sell everything.
The fourth step is also the most important step. Since we are using the daily moving average as our buying basis, if an unexpected situation occurs the next day and it directly falls below, then you must sell everything and not hold onto any false hopes! Although with our cryptocurrency selection method, the probability of it breaking below is very low! We still need to have risk awareness! After selling, wait until it stands above the daily moving average again before buying back.