There is a stupid way to trade coins, but it can make money
First, the first step is to add the coins that have been on the list of rising coins within 11 days to your favorites. However, please note that coins that have fallen for more than three days need to be excluded to prevent funds from taking profits.
Step 2: Open the K-line chart and only look at the coins with MACD golden cross at the monthly level.
Step 3: Open the daily K-line chart. Only look at the 60-day moving average here. As long as the currency price pulls back to near the 60-day moving average and a large-volume K-line appears, enter the market with a heavy position.
Step 4: After entering the market, use the 60-day moving average as the standard, hold on to the price above the line, and sell when the price is below the line. There are three details in total.
The first is to sell one-third when the band's increase exceeds 30. The second is to sell another one-third when the band's increase exceeds 50. The third is the most important and the core that determines whether you can make a profit. That is, if you buy on the same day and some unexpected circumstances occur on the second day, the currency price directly falls below the 60-day moving average. In this case, you must exit the market and don't have any fluke mentality. Although the probability of falling below the 60-day line is very small through this method of selecting currencies by combining the monthly line and the daily line, we still have to be aware of risks.
In the cryptocurrency world, the most important thing is to protect your principal. However, even if you have already sold it, you can wait until the buying point is met again and then buy it back.
In the final analysis, the difficulty in making money is not the method, but the execution. "When the price of the currency directly falls below the 60-day moving average, you must leave the market completely and don't have any fluke mentality." This sentence alone killed 90% of people.
In short, you cannot be stubborn in the cryptocurrency circle. Being able to adapt to changes is the way to survive in the market for a long time. So here we must pay attention that the situation of the overall market and individual coins is completely opposite. On the surface, cryptocurrency speculation is a competition with the market, but in fact it is a competition with human nature. The risks you see on the surface may be opportunities. Sometimes you see an opportunity, but it may be a trap to tempt you.
Follow me on the homepage, I will share layout strategies every day! Help you get rich
#When will the Fed cut interest rates?#Newcoinmining DOGS#JacksonHole Annual Meeting#USCPI data fell for the fourth consecutive month
