Any trade can take its time to develop, specially if we are using a long term perspective rather than short term. We trade based on yearly cycles, pretty simple, with patience and always profits.
When the market moves down, we buy in and load up on coins.
When the market moves up, we sell most of these coins to buy again when the market goes back down.
In between, we use many different strategies, short term, mid term and long term. Some people sell all of their coins at 10-20% profits, normally when they hit their first and second targets. Other people only sell a portion and keep the rest, while others wait long term and sell only after months or years... Whichever you choose, it really depends on your lifestyle and trading plan.
Buying more when the price is low, a 2nd entry, increases your potential on the way up, increases profits potential by reducing your buy in price and reduces risks as you split capital into multiple trades.
We trade long term, because we appreciate our time. Weekly and monthly price swings are nothing really to us, unless you are trading short term. Just like hourly price swings are nothing, when you are trading mid term.
So join the trade and wait patiently... If you are looking for a short trade, then feel free to sell as soon as we hit 10-20% profits, which always happens after a few days.
If you are looking for the passive trading strategy, buy and hold, and let the market do the rest. When we reach the top, you will receive the warning on when to sell.
BitBay (BAY) Trade 2nd Entry by Alan Masters
CHARTS, SIGNALS & INDICATORS
- BitBay is oversold on the .
- Very good on the .
- Bottom of .
- Good long term potential on the weekly and .
- Low . Huge room available for growth.
Buy in: up to 460
BitBay (BAY) Targets:
Stop loss: 380
Capital allocation: 2.5%.
Time: Up to 12 weeks.
The time to sell is when everything is going up. Sell in portions, for profits... always securing profits as the prices go up.
We also have several bullish signals developing on the 12h and 4h time frame.
- We need to close above 435 on the 4h candle to lock these signals and profit from additional upward movement.
- Still within buy in range so feel free to buy in, rebuy and reload.
- A close above 470 on the daily is also welcome.
Enjoy your weekend.
(1) 514 * Target reached