Isn't it true that you often fall into the dead cycle of 'chasing highs and getting trapped, cutting losses and then seeing prices rise'? Either you stare at the candlestick charts all day until your eyes go dark, or you follow so-called 'experts' and end up losing your pants?
Today, I won't hold back; I'm sharing my 'lazy wave trading method' verified over 5 years of practical experience: 15-minute cycles + naked candlesticks + Bollinger Bands + MACD. No complicated analysis, no staying up all night watching the market. Just execute strictly, and you can steadily capture wave profits! Beginners can directly copy the homework after watching, and veterans can also patch up their gaps.
Let me highlight my core point: if you want to sustain profits in cryptocurrency trading, don’t be greedy about 'catching the full wave,' and avoid 'meme coins and erratic varieties.' Just focus on 'smooth trends' + 'clear signals'! Many people lose not because of poor skills, but due to chaotic mindsets and mixed signals. This method helps you filter out garbage signals and lock in high-probability opportunities.
Step 1: Choose the right variety to avoid 80% of the detours!
I never touch those altcoins that can jump dozens of points in a day with long upper and lower shadows flying everywhere; it's purely gambling! Prioritize selecting mainstream varieties that have smooth trends and moderate volatility, such as the well-known Bitcoin and Ethereum (those who know, know), as their trends are more regular, and signals are more reliable. Beginners practicing with these two varieties is definitely a safe bet.
Step 2: Indicator settings, the simpler, the more effective!
Open the 15-minute candlestick chart (don't use 5 minutes; the fluctuations are too chaotic and easy to get washed; also don't use 1 hour; you might miss the entry point), add the default parameters of the Bollinger Bands and MACD, and don't change any parameters! Many people love to mess with indicators, resulting in complicating simple market conditions. Remember: the default parameters of classic indicators are the optimal solutions verified by the market.
Step 3: Entry signal, both conditions must be met simultaneously! Give up if one is missing!
This is the core of the strategy and the key to my continued profitability; remember it well:
Condition 1: The candlestick must break through the middle band of the Bollinger Bands within 3 candlesticks after bouncing off the lower band, and the closing must firmly stand above the middle band! This indicates that the short-term trend has shifted from a downward trend to a sideways trend with a bullish bias, showing signs of upward momentum. If it takes more than 3 candlesticks to break through, it indicates a weak trend, most likely a false breakout.
Condition 2: The MACD must show a red volume bar, and the red volume bar must be gradually rising! The red bar represents bullish strength, and a gradual rise indicates that bulls are continuously entering, not just a false move. If the red bar fluctuates wildly or shrinks back right after appearing, decisively give up.
Let me give you an example: previously, Bitcoin rebounded after correcting to the lower band; the first candlestick touched the middle band but didn't pass, and the second candlestick directly broke through the middle band with volume at closing, while the MACD red bar was higher than the previous one. This is a perfect signal to enter; if only condition one is met, and the MACD is still a green bar, or the red bar is shrinking, no matter how tempting, don't touch it. I'd rather miss out than make a mistake!
Step 4: Stop loss and take profit; lock in risks and secure profits!
Stop loss is the lifeline of trading; I tell my fans this three times every day! My stop loss method is very simple: set it 2-3 points below the lowest point of the upward rebound, for example, if the lowest point of the rebound is 28000, set the stop loss around 27980 to prevent being washed out by small fluctuations.
Key reminder: If this stop loss space exceeds 50 points, directly give up this opportunity! Don't think 'maybe it can bounce back'; the result of holding on is likely to be a big loss. Wait for the next price drop to stabilize at the middle band, then look for entry opportunities, compress the stop loss space to a controllable range; this is a stable operation.
Don't be too greedy with taking profits; exit directly in two situations:
1. If the price first breaks through the upper band of the Bollinger Bands, then reverses down to touch the middle band, exit manually! This operation may either lead to a slight loss or capture a significant profit from the main upward trend, which is much more reliable than waiting for a target price. After all, the cryptocurrency market is volatile, and securing profits is the key.
2. If it starts to drop without touching the upper band, don't hesitate; wait for it to fall to the preset stop loss level, and let the system exit automatically. Don't hold onto the illusion of 'maybe it will bounce back'; the longer you wait, the more you lose.
