How to Earn More Than $20 Daily in Cryptocurrencies

1. Research Cryptocurrencies with Constant Daily Volatility

- Have Significant Trading Volume: Look for coins that are active in the markets, as these tend to have more predictable fluctuations.

- Show Regular Volatility: Check cryptocurrencies that exhibit daily ups and downs, allowing you to take advantage of peaks and corrections.

- Recommended Tools: Platforms like Binance help you analyze historical charts, patterns, and daily trends.

2. Buy on Corrections and Sell Near the Average

- Buy on Corrections: After a peak, cryptocurrencies often experience a drop known as a correction. Use indicators like the RSI (Relative Strength Index), Buy when the RSI is low.

- Sell Near the Average: Once the price approaches the daily average or a key resistance level, consider selling. This ensures that you will make a profit before the market corrects again.

- Avoid Greed: Don’t wait for the coin to reach impossible highs. A steady profit is more valuable than taking unnecessary risks.

3. Accept That You Won’t Always Win

The cryptocurrency market is unpredictable, and some days things won’t go as you expect.

- Risk Management: Don’t bet all your capital on a single trade. A good acceptable loss margin is 2-5% of your portfolio on each trade.

4. Diversify Your Investments

Don’t put all your resources into a single cryptocurrency.

- Invest in Several Cryptos: If one doesn’t perform well, the gains from others can offset the losses.

- Split Your Portfolio: Allocate a larger percentage to coins with less volatility

- Example of Diversification: 50% in stable or recognized coins, 30% in volatile coins and 20% in risky bets.

5. Remember the Essentials

- Don’t use money you can’t afford to lose: The market is highly volatile.