Today I will share with you a simple method that helped me turn my initial capital of 700,000 into 1,600,000.
I am still using this method; it is stable, simple, and the most important thing is that as long as you can stay calm, you can basically earn money and minimize losses.
Moreover, it is very suitable for beginners, easy to grasp, and once you understand the basics, you can proceed steadily.
1. Choose potential cryptocurrencies.
First, you need to find those cryptocurrencies that have been continuously rising in the past six months.
Add them to your watchlist.
Tip: If a certain cryptocurrency has dropped for more than three days in a row, quickly remove it.
Why?
This kind of cryptocurrency is likely to have been sold by large investors, and its potential for appreciation in the future is small, making it not worth investing in.
2. Use MACD monthly chart to confirm the trend.
Enter the MACD monthly chart and focus on the golden cross.
Why the monthly chart?
Because the golden cross on the monthly chart is the best signal for confirming medium to long-term trends, basically indicating that the upcoming upward trend is very stable, and the winning rate is also higher.
This is the most basic stable investment signal.
3. Enter near the 60-day moving average on the daily chart.
Switch to the daily chart and observe the 60-day moving average.
Timing: When the price pulls back to near the 60-day moving average and then shows a strong bullish candle, that is the best timing to enter.
At this time, the probability of a price rebound after touching the moving average is extremely high.
Invest heavily and wait for the rebound.
4. Strictly execute take-profit and stop-loss strategies.
Take-profit strategy:
When you earn 30%, sell one-third first.
When you earn 50%, sell another one-third.
The remaining can be held for further gains, following the trend.
Stop-loss strategy:
If the price falls below the 60-day moving average, immediately liquidate and exit.
This is a matter of discipline; not executing stop-loss due to greed will ruin everything.
Core of trading:
Monthly MACD golden cross + Daily 60-day moving average pullback entry. These two signals are enough.
During free time, observe the primary market; many potential cryptocurrencies are gaining momentum there.
You can use small funds to seize opportunities; basically, catching a potential cryptocurrency can easily double your investment.
About new cryptocurrency opportunities:
Recently, I saw a token from the AI sector invested by Japan's SoftBank, which is about to launch on major platforms, so don’t miss this opportunity! According to Coingecko's predictions, the increase may exceed 80 times.
This method is actually very simple, but the key is still execution.
As long as you understand it and follow the operations, you will be fine.
Many people fail because of emotional trading, leading to greater losses.
Controlling emotions and executing discipline is the way to success.
$RIVER $XMR
