Master these steps, and you can earn 100% in crypto trading!!
Step 1: Add cryptocurrencies that have risen in the ranking within the last 11 days to your watchlist, but be careful to exclude those that have dropped for more than three days to avoid losing out on profits.
Step 2: Open the candlestick chart and only look at cryptocurrencies with a MACD golden cross on the monthly chart.
Step 3: Open the candlestick chart at the daily level; here, only look at the 60-day moving average. As long as the cryptocurrency price retraces to near the 60-day moving average and a volume spike candlestick appears, then enter the market heavily.
Step 4: After entering the market, use the 60-day moving average as the standard. If the price is above it, hold; if it falls below, sell. This is broken down into three details: 1. When the price increase during a wave exceeds 30%, sell one-third; 2. When the price increase exceeds 50%, sell another one-third; 3. The most important part, which determines whether you can profit, is if the price you bought drops below the 60-day moving average the next day due to unexpected circumstances, you must sell everything and not hold any false hopes.
Although the probability of breaking below the 60-day moving average using this monthly and daily selection method is very low, we still need to be aware of the risks. In the crypto world, preserving your capital is the most important thing. Even if you have sold, you can wait to buy back when it meets the buy conditions again.
In the end, the difficulty in making money lies not in the methods but in execution. 'When the price directly drops below the 60-day moving average, you must exit completely without any false hopes.' This one sentence has eliminated 90% of people.
