4 Tips for the Crypto World: How to Start Earning Six Figures Without Working Right Away. This is a very simple method. I once made six figures in a month using this method, and it only has four steps: selecting a cryptocurrency → buying → position management → selling. Every detail will be explained clearly to everyone.
I have tried many trading methods that have allowed me to achieve relatively consistent profits. I still use this method today; it has a high win rate and is very stable.
Step 1️⃣:
Add cryptocurrencies that have risen in the last 11 days to your watchlist.
However, it is important to note that cryptocurrencies that have fallen for more than three days should be excluded to avoid capital escaping after profits.
Step 2️⃣:
Open the candlestick chart and only look at the cryptocurrencies with a monthly MACD golden cross.
Step 3️⃣:
Open the daily candlestick chart, focusing only on a 60-day moving average.
As long as the price pulls back to near the 60-day moving average,
after a volume candlestick appears, enter with a large position.
Step 4️⃣:
After entering, use the 60-day moving average as a standard. If the price is above it, hold, and if below, sell. This is divided into three details.
First, when the increase in the wave exceeds 30%, sell one-third.
Second, when the increase in the wave exceeds 50%, sell another third.
Third, which is very important and determines whether you can profit, is if you buy in on that day. If the next day some unexpected situation occurs and the price directly falls below the 60-day moving average, you must exit completely and not hold onto any false hopes.
Although the probability of breaking below the 60-day moving average using this method that combines monthly and daily charts is very low, we still need to have risk awareness.
In the crypto world, preserving your principal is very important. Even if you have sold, you can wait until it meets the buying conditions again to buy back.
“When the price directly falls below the 60-day moving average, exit completely, and don’t hold onto any false hopes.
In summary, in the crypto world, one cannot be rigid; adaptability is the way to survive long-term in the market. Flexibly utilize personal thinking, continuously improve knowledge and practical experience, and you will succeed.
If you also want to succeed in the crypto world, don’t hesitate. You might as well follow Bingjie and use the right methods to start your wealth journey!
