Choosing coins comes down to three simple rules; more than that is just noise.
Do you find yourself rushing in when the market spikes, only to get wrecked? I used to be that naive too. Now I've narrowed it down to these key points:
1. Start your coin selection from the gainers list—if it hasn't pumped yet, don't touch it; if the funds aren't looking at it, you won't have a shot.
2. Skip the candlesticks; focus on the monthly MACD—buy when the golden cross hits, short when it’s not. Don’t gamble on a rebound.
3. Keep an eye on the 70-day line—only add when it retraces with volume. If the signal isn’t there, just wait.
4. Cut losses when it breaks the line—don’t get sentimental. Going from profit to loss happens with just one word: 'wait.'
5. Take profits in a rhythm—sell half at 30%, then another half at 50%. Don’t think you can get rich in one go.
6. The final life-saving tip—if it breaks the 70-day line, get out immediately. Don’t fight the market, don’t gamble your life away.
The simpler it is in the crypto space, the easier it is to execute.
How many of these six rules can you stick to?
#Berkshire significantly increased its position in Alphabet