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There is one of the dumbest ways to trade crypto. I made over 10 million yuan from it, and I can profit almost every time.
Ten years ago, I left home with debt. When I was at my wit’s end, I got into the crypto world. Back then, I didn’t understand anything. I only knew one stupid method: buy only Bitcoin that has been down for more than 7 days, then sell when it rebounds 5%, and never hold more than necessary. Don’t chase highs, don’t be greedy, and don’t hold through dips.
With just this one move, I stuck with it for 10 years. I went from a few hundred yuan to an eight-figure amount. My debts were paid off, and I became steady. The dumber the method, the calmer the mind—and the money ends up coming by itself. $BTC
I use this method, and it’s actually very simple. It’s just 4 steps back and forth: coin selection, buying, position management, and selling. Every detail—now I’ll explain it all to you:
Open the daily chart, and only look at the daily timeframe. Only trade Bitcoin. When MACD forms a golden cross, preferably a golden cross above the 0 axis (zero line)—that has the highest success rate.
Still look at the daily chart, but only track one moving average: the daily moving average. Hold when the price is above the line; don’t touch it when it’s below.
After buying, if the Bitcoin price holds above the daily moving average, and the trading volume also matches, you can go in with a heavier position and follow along. Sell in three steps: when the swing gain exceeds 50%, reduce by 1/3; when the gain exceeds 100%, reduce by another 1/3; once it breaks below the daily moving average, fully liquidate.
This is also the most important step: the entire strategy is based on the daily moving average. If, after you buy, the very next day it unexpectedly drops below the moving average, you must sell everything—don’t hold onto wishful thinking. Although the probability of breaking below with this coin-selection approach isn’t small, risk control is always the top priority. After selling, wait for it to move back above the daily moving average, and then you can re-enter.