On this journey, I have experienced three bull-bear market transitions and have stepped into almost all the pitfalls. But it is these experiences that have allowed me to cultivate my own stable profit system.
First step: Add coins with rising rates in the last 11 days to your watchlist, but be careful to exclude any coins that have dropped for more than three days to avoid capital escaping with profits.
Step 2: Open the candlestick chart and only look at the coins with a monthly MACD golden cross.
Step 3: Open the daily candlestick chart and only look at the 60-day moving average. As long as the coin price retraces to near the 60-day moving average and a volume candlestick appears, you should enter with a heavy position.
Step 4: After entering the market, use the 60-day moving average as a standard; if the price is above it, hold; if it falls below, exit and sell. This is divided into three details.
The first rule is to sell one-third when the rally exceeds 30%.
The second rule is to sell another one-third when the rally exceeds 50%.
The third step is the most important and is the core that determines whether you can profit. If you buy in on the same day and then the next day some unexpected situation occurs, causing the coin price to fall below the 60-day moving average, you must exit completely and not hold onto any lucky thoughts. Although the probability of falling below the 60-day moving average using this method of combining monthly and daily selections is very low, we still need to have a risk awareness. In the cryptocurrency market, preserving your capital is the most important thing. However, even if you have sold, you can wait for the right conditions to buy back again.
Therefore, developing your own set of profit-making theories is the key to stable income. Treat the experiences of others as fertilizer, and use them as a reference for the feasibility of constructing your own theory.
