โถ Coinbase Website: Coinbase.com
โถ CEX Website: cex.io
How to invest in cyptocurrency safely? Believe it or not, there are some simple strategies that you could use to limit your risks when it comes to crypto-investing. I am by no means a crypto expert, so definitely research further before you invest your hard earned money!
The best cryptocurrency exchanges in Malaysia are:
Luno Malaysia (fully regulated by Securities Commission Malaysia)
I’m not sponsored, but have an affiliate link if you’re interested ๐
referral code (SGYZP7)
1. Sign up with my invite link
2. Deposit and buy MYRย 250 in BTC using “INSTANT BUY” (Luno exchange not included)
3. We both get MYRย 25.00 free BTC
Binance (this is a global platform that is not regulated by SC, so trade at your own risk!)
Again, not sponsored, but I do have an affiliate link ๐
How to set up the 4EMA chart on Luno:
1. Open up the Luno Exchange (on desktop)
2. On the top left corner, select the crypto of interest (BTC/MYR or ETH/MYR etc)
3. On the top left corner, change the time frame according to your liking (1hr-4hr for mid term trading, 1 day for long term investing) – personally, I prefer 1-4 hours if I’m looking at charts every other day, and 1 day charts if I am only looking at charts once a week or so
4. On the top, click on “indicator” and search “ema” – click on “moving average exponential” 4 times to bring it onto your chart
5. Click on the gear icon of each EMA tab to open the settings
6. Change the “length input” to (8, 13, 21, 55) from top to bottom and “colour” to (green, yellow, orange, red) from top to bottom, increase line thickness for better visibility
*Numbers are from the Fibonacci sequence, which has an interesting correlation to market trends!
7. Look for entry (buy signal) – look for a pinch, after the pinch, all 4 lines move upwards in the colour sequence green (top), yellow, orange, red (bottom)
8. Look for exit (sell signal) – look for a pinch, after the pinch, all 4 lines move downwards in the colour sequence red (top), orange, yellow, green (bottom)
Timestamps:
0:00 Introduction
00:38 Set a maximum investment limit
01:41 Choose a secure crypto exchange
03:01 Research the cryptocurrency
04:22 Decide when to buy/sell (Technical analysis)
07:38 Luno – how to place a limit order
08:25 Setting up a stop loss (optional)
11:19 Storing your crypto (hot vs cold wallets)
โถ Coinbase Website: Coinbase.com
โถ CEX Website: cex.io
Youtube version
