Newcomers want to earn six figures a month in the cryptocurrency world? I only used 4 steps to achieve it steadily!
If you think you can get rich quickly in cryptocurrency through mysticism or complex indicators, you are gravely mistaken.
What I used is just a simple, stable, and replicable process.
I have had the experience of earning six figures in a month, completely relying on these 4 steps.
Step 1: Select cryptocurrencies
First, add cryptocurrencies that have been on the "Top Gainers" list in the last 11 days to your watchlist.
However, if any cryptocurrency has dropped for 3 consecutive days, immediately remove it. Such cryptocurrencies are basically where the main funds have withdrawn, and there’s not much opportunity.
Step 2: Look at the monthly chart
The key is to look at one indicator: MACD golden cross on the monthly chart.
There are actually very few cryptocurrencies that meet this condition, but it indicates a strong directional trend, which is a trend made by "experts".
Remember, it’s not about randomly betting on trends; it’s about following the correct trend.
Step 3: Enter the market at the 60-day moving average on the daily chart
Everything revolves around the 60-day moving average.
As long as the cryptocurrency price pulls back near the 60-day moving average and shows a strong bullish candle, I will enter with a heavy position.
Simple and straightforward but effective.
Complexity will always lose to simplicity.
Step 4: Selling rules
This part is crucial, determining whether you can survive.
Gain 30%: sell 1/3
Gain 50%: sell another 1/3
If it drops below the 60-day moving average the next day: close all remaining positions.
The core principle here is: if it drops below the 60-day moving average, get out immediately!
Don’t hold on to hope or stubbornly keep your positions.
Many people fail not because they can't analyze, but because they can't sell and stop losses in time.
Remember: preserving your life is 100 times more important than making quick money!
If it drops below the 60-day moving average, you can buy back, but the lost principal will never come back.
If you want to survive in the cryptocurrency world for a long time, the most important thing is not to stubbornly cling to some fantasy, but to flexibly respond to market changes and be a disciplined "execution machine".
I share these thoughts every day. If you can avoid losing once because of this, then you should save it.
The next round of market trends is prepared for disciplined people, not for those who fantasize about getting rich.
