$BTC $BNB #SCRSpotTradingOnBinance #BinanceLabsInvestsLombard #CMEBTCFuturesRecordHigh
An experienced trader shares their successful eight-year strategy.
The Three Moving Average Approach
Key Components
1. 5-Day Moving Average (MA): Short-term indicator for quick price response.
2. 15-Day Moving Average: Medium-term indicator for balanced trend view.
3. 30-Day Moving Average: Long-term indicator for strong support/resistance.
Trading Rules
1. Uptrend Trading: Avoid downtrends and consolidating markets.
2. Capital Division: Split capital into three equal parts.
3. Buy Signals:
- First Buy: Price breaks above 5-day MA.
- Second Buy: Price breaks above 15-day MA.
- Third Buy: Price breaks above 30-day MA.
4. Sell Signals:
- First Sell: Price drops below 5-day MA.
- Second Sell: Price drops below 15-day MA.
- Third Sell: Price drops below 30-day MA.
Additional Tips
1. Discipline: Stick to strategy.
2. Patience: Wait for clear buy/sell signals.
3. Risk Management: Set stop-loss orders.
4. Market Awareness: Monitor trends and adjustments.
5. Education: Continuously learn trading strategies.
Resources
1. TradingView (charting tool)
2. CoinMarketCap (cryptocurrency data)
3. Crypto forums (market insights)
Disclaimer: Cryptocurrency trading involves significant risks. Consult financial experts for personalized advice.