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The dumbest method to trade cryptocurrencies on the market: turning 500U into 500kU, I only rely on this one set!
(—Written for all ordinary people who are afraid of losing, tired of watching, and want to turn things around)
I'm not a genius analyst, I often get K-line wrong, and I frequently miss hot spots. But from 500U to 500kU, I’ve walked this path, and I did it in a “dumb” way.
Actually, I only used a set of “dumb methods”—simple, mechanical, no fuss. Many people find it slow and stupid, always looking for a “smarter” way. But those who truly survive and make money in this market are precisely those willing to stick to being “dumb” to the end.
My approach has only four rules, strictly enforced, without hesitation:
First, only invest in coins that are favored by capital.
Add the coins that have increased the most in the past 7 days to your watchlist, and exclude those that have fallen for more than 2 consecutive days—no chasing after capital fleeing.
Second, only look at the monthly MACD golden cross.
Ignore the monthly chart if there’s no golden cross. Only the first retracement after the golden cross is a signal worth waiting for.
Third, keep a close eye on the 60-day moving average on the daily chart.
There is only one buy point: when the price retraces near the 60-day moving average, and a volume-driven bullish candle or a long lower shadow appears, indicating the main force has returned, and heavy buying is coming in. No volume or confirmation, better to miss out.
Fourth, the 60-day moving average is the line of life and death.
After entering, sell one-third at a 25% gain, and another third at a 40% gain. If the next day the price falls below the 60-day moving average, sell everything without hesitation.
This method, simply put, is “monthly chart sets the direction, daily chart controls risk.” The probability of breaking below is very small, but if it happens, you must get out.