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This market is forever repeating the same secret: 90% of suckers are focused on news for Cryptocurrency Trading, 9% of smart people are watching market maker movements, while 1% of wolf-like players are dissecting market trends using daily moving averages.
Step 1: Treat the daily moving average as three distinct old Chinese medicine practitioners to verify its authenticity.
When the director of the emergency department suddenly perks up and rushes to check the pulse and ask questions of two senior experts (when the 5-day line crosses above the 30/60-day line), this is a signal that the market is preparing to go into ICU for rescue. Conversely, if you find the director of the emergency department slipping and rolling down from the armchair in the specialist clinic (when the 5-day line crosses below the 30/60-day line), don't hesitate, immediately adjust your positions.
Step 2: Establish a trading system to prevent emotional trading
Please stick a note on your trading interface and write in bold marker: "Moving Averages Clash, Ordinary People Retreat." When the 5-day moving average and the 30-day moving average entangle like a twisted dough, it is equivalent to rolling dice and guessing odd or even.
A true hunter only pulls the trigger when three lines march in the same direction.
Here is a counterintuitive piece of trivia: in the cryptocurrency market, where volatile price swings are commonplace, the simpler the daily moving average strategy, the more lethal it becomes. It's like a true martial arts master in combat, who never needs to perform fifty starting moves; a breakthrough of the 5-day line signals the drawing of the sword, while a turn of the 60-day line signifies the time to sheathe it.
Don't miss the good airdrops in the market!!!
In order to strengthen the current AI sector, the cryptocurrency RICE, invested by Japan's SoftBank, is set to launch on major platforms on August 20, and the airdrop has already begun.
As a trend of the future, the explosion of AI is inevitable. Musk and Bill Gates have mentioned the importance of AI more than once, and the field of artificial intelligence is bound to shine brightly in the future...
The corresponding artificial intelligence tokens also have huge upside potential.