There is a dumb way of cryptocurrency trading. I have tried many trading methods, but most of them lack practicality. Only this method allows me to achieve relatively consistent profits. I am still using this method until now, which is high and very stable.
Do not worry if you can learn it or not, I can seize this opportunity, and you can also seize it. I am not a god, just an ordinary person. The only difference between others and me is that others overlook this method. If you can learn this method and pay attention to it in the later trading process, it can help you earn at least 3 to 10 more points of profit per day.
First of all, in the first step, add the individual coins with pump rankings within 11 days to the favorites. However, please note that individual coins with falls of three days or more need to be excluded to prevent the funds from already making profits and fleeing.
Open the Candlestick Chart for the second time and only look at the individual coins with a monthly MACD golden cross.
Open the daily candlestick chart on the third day. Only pay attention to the 60-day moving average here. As long as the price pulls back near the 60-day moving average and a volume candlestick appears, enter a heavy position.
After the fourth entry, the 60-day moving average is used as a criterion. If the price is above the average, hold the position; if it is below, sell and exit. There are three details in total. The first is when the swing trading gain exceeds 30%, sell one-third of the position. The second is when the gain exceeds 50%, sell another one-third. The third detail is the most important and the core of whether you can make a profit. If you buy in on one day and the next day unexpected circumstances cause the price to fall below the 60-day moving average, you must exit all positions, without any luck. Although the probability of falling below the 60-day moving average is very small when using this monthly chart combined with daily chart method to select cryptocurrencies, we still need to be aware of the risks. In the crypto world, protecting the principal is the most important thing. However, even if you have already sold, you can buy back when it meets the buying conditions again.
In short, in the crypto world, we must be flexible and adapt to survive in the market. Therefore, we must pay attention to the fact that the overall market and individual coins are completely different. Cryptocurrency trading is not just a competition with the market, but also with human nature. The risks you see on the surface may actually be opportunities. Sometimes, what you see as an opportunity may be a trap to tempt you. So everyone must keep this method in mind, read it several times, and share it with more cryptocurrency traders around you if you find it useful. Follow me and learn more about cryptocurrency trading.
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