$BTC
Dry goods!
A stupid method of speculating in cryptocurrencies.
1. Currency screening
First, select from a large number of currencies those that have been on the list of gains in the past 11 days and have not fallen continuously in the past three days. The three-day continuous decline needs to be excluded to avoid capital profit flight. These are the focus of attention.
2. MACD monthly line indicator
Then check the monthly line chart of these currencies and find the currency with the MACD indicator forming a golden cross.
The appearance of the golden cross means that the medium- and long-term trend is positive, which is an important signal for us to consider entering the market.
3. Daily 60-day moving average entry
Then turn to the daily chart and focus on the 60-day moving average.
When the currency price is near the 60-day moving average and the trading volume is enlarged, you can choose to enter the market.
4. Holding and clearing positions
During the holding period, the 60-day moving average is used as the benchmark for operation.
Hold when the currency price is above the moving average, and consider selling once it falls below the moving average.
At the same time, in order to control risks, it is recommended to partially or completely reduce positions when the increase reaches a certain level (such as 30% or 50%).
Most importantly, if the price of the currency falls below the 60-day moving average the next day after buying, you must consider clearing your position immediately to avoid further losses.
Don't be stubborn, be flexible.
DYOR
