CryptoEngineering

Those who do not learn history are doomed to repeat it. #Bitcoin

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
No one has a crystal ball for the crypto market, but what we do have to look at is history. Although past performance does not guarantee future results, when it comes to the Bitcoin ’s current situation, history shows some alarming parallels. Above are two charts regarding the bitcoin that will have you wondering: Will this time be different, or will history repeat itself?

The patterns do repeat themselves -- and with good reason. The stock market is governed by a set of two principles: supply and demand ; and fear and greed. Both are based on human nature, and human nature doesn't change. In a bear market, all stocks are taken down. Greed gives way to fear, and investors can't sell fast enough. But the smart money sees value in the best stocks and will begin accumulating shares, bidding these stocks up. So, when the market hits bottom, some of these stocks will have already built bases and are back near highs. They get ready to break out and rush to new highs, leading the way once a new bull market begins.
And these bases have certain characteristics that show up repeatedly in market cycle after market cycle

If you asked 10 people about their strategy you will find one trader among each 10 people. 9 out of each 10 people become traders then end up losing money after few month, weeks or even days.
The only person who keeps making money from the crypto market is the smart trader and not the gambler . If you want to make money from the crypto market then you must shift your mindset to become more of an trader / investor than a gambler. Gambler might make some profit on the short or even the medium term but sooner or later they end up with losses.

Ok, I know some of you are still waiting me for more specific review about to talk about Bitcoin right now. Actually, Nothing is changed.

Below $7800 , I am not so optimistic! If we close and open the day candle above $7800 , It will be time to put more money in my crypto portfolio.

Strong Resistance blocks: $9,800 - $10,000

If we close above $12000 for a week, We will be opening new long trades! Then, Our targets will be $15000, $17000 and $20000 resistance levels.

Strong Support block: $6,000 - $6,500

I’m opening a big-sized long position (saving some of my USDT balance in case we do get a chance at ~$4800 - $5200).
No matter what, I am still bullish long term and targeting $50,000 value BTC sooner or later.

Last but not least you should always keep the ratio below

30 - 40 % BTC
40 - 50 % ALT
10 - 30 % USD

If you know and apply : 5% strategy with a stop loss, 10% profit strategy , Moving Average Across Strategy and RSI strategy , You will make money in a bear and bull market.
If you dont know, It is time to find out.

**They are in no way a prediction of current or future market direction. In the end, price and volume action on individual crypto / stocks and the indexes themselves are the true guides and will always dictate the most appropriate action to take.

**Nothing shared or published by me constitutes an investment recommendation, nor should any data or content provided by me be relied upon for any investment activities. I strongly recommends that you perform your own independent research and/or speak with a qualified investment professional before making any financial decisions.
Trade active: Highly appreciated

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Trade active: Bought some at $4400 . Let's see how it goes.
Trade active: Bitcoin market cap hit $77 billion like it mentioned on the news.

https://news.bitcoin.com/bitcoin-value-t...

Further, Their Metcalfe-based analysis indicates current support levels for the bitcoin market in the range of 22–44 billion USD, At least two times less than the current level.

$22 Billion? Historical Snapshot - April 30, 2017
Market Cap : $21,485,886,958
Bitcoin : $1,318.00

https://papers.ssrn.com/sol3/papers.cfm?... ( You can download the pdf file there )

On this basis alone, the current market resembles that of early 2014, which was followed by a year of sideways and downward movement. Given the high correlation of cryptocurrencies, the short-term movements of other cryptocurrencies are likely to be affected by corrections in bitcoin (and vice-versa), regardless of their own relative valuations.
Trade active: https://charts.bitcoin.com/btc/chart/met...

Market will repeat itself, Metcalfe's Law - UTXO has saying great thing about this market right now.

If you havent bought it yet, Wait for the confirmation. In a Bearish Market , New or inexperienced traders lost the most money.
Trade active: Bought some at $3200. Hated the averaging down IN A BEAR MARKET, but it is BTC right :)
Trade active: Recommend you to read it!

chrome-extension://oemmndcbldboiebfnladdacbdfmadadm/https://vantagepointtrading.com/wp-content/uploads/2010/05/How-I-Made-2000000-in-the-Stock-Market.pdf
Trade active: chrome-extension://oemmndcbldboiebfnladdacbdfmadadm/http://1.droppdf.com/files/qHnH9/how-to-make-money-in-stocks-william-j-o-neil.pdf

One more book is done! The best thing is improving yourself in this bear market.
Trade active: chrome-extension://oemmndcbldboiebfnladdacbdfmadadm/http://www.r-5.org/files/books/trading/speculation/Jesse_Livermore-How_To_Trade_In_Stocks_(1940_original)-EN.pdf

Improving yourself / Reading books are the Best way to spend weekend!

I dont read so many trading books but When I do , I read the best ones!
Jesse Livermore was the legend!
Trade active: The Disciplined Trader
Developing Winning Attitudes
Mark Douglas - NEW YORK INSTITUTE OF FINANCE

chrome-extension://oemmndcbldboiebfnladdacbdfmadadm/http://cache3.pdfdrive.com/dl.php?id=25514791&h=1d30792685b6813d6c733332b1855e1e&u=cache


On Dec 7, Bought some BTC at $3200 and some BTC at $4400.
The average is at $3600 , after calculating some % .

Above $3475 , continue the trend.
Below $3475 , I will take the loss and will wait for the next opportunity.

Finished 4 great trading books since Dec 11. 2 more left to accomplish the goal.
Trade active: It looks bearish!
Trade active: Sold all $btc at 4700 and 5000!
I will be waiting to break $5000 with a strong 4h candle to buy it back to sell at $5800 - $6200 . 20% profit in 1 D for BTC is not bad!
Trade active: Hey Guys,

I started to be more active on twitter. Let's get connect there as well.

https://twitter.com/c_ryptoengineer
Trade active: I am completely out of my Bitcoin position at $6100. Either I will re consider to at $6600 or I will start to buy at $4200 again.
Trade active: Jumped to altcoins when BTC was $6600.
BTC pumped 5% , so do altcoins! Thanks to Bitcoin Cash , Easy 30% ! TA WORKS, guys!

So far so good right now. REMEMBER DEC 2017!
Many great opportunities right now on altcoins.

If you are scary from the dump, Use stop -loss! Good luck
Comment: If you have been trading for some time and have been using Technical Analysis as a way to find trading opportunities, you would have probably come across the Moving Average Crossover strategy.

It is probably one of the most well-known Technical Analysis signals out there. The strategy basically uses Two Moving Averages, one with a shorter period and the other with a longer period.

A bullish signal is generated when the shorter period Moving Average crosses the longer period Moving Average from below. When the opposite happens, that is when the shorter period Moving Average crosses the longer period Moving Average from above, we have a bearish signal.

So, Let me analyzing BTC's current movement from 2011 to 2019 by reviewing MA (20 , 50 , 100 , 200 ) on a weekly chart.

2011 - 2013

On Jan 2 , 2012 , The first time a weekly candle was above MA 20 after the big correction. Tried to stay above MA 50 , It couldn't.
It dropped up to 46% from the top , MA 20 was the strongest support on it.
Then, " the next bull market " started when the candle passed MA 50 at the next time. ( and MA 20 was above MA 50 )

From 2012 to 2014, The best time to buy Bitcoin was when it touched MA 20 on a weekly chart


2014 - 2016


On Jun 29 , 2015, The first time a weekly candle was above MA 20 after the big correction. Tried to stay above MA 50 , It couldn't.
It dropped up to 37% from the top , MA 200 was the strongest support on it.
Then, " the next bull market " started when the candle passed MA 50 at the next time. ( and MA 20 was above MA 50 )

From 2016 to 2018, The best time to buy Bitcoin was when it touched MA 20 on a weekly chart

2018 - 2020

On March 25 , 2019, The first time a weekly candle was above MA 20 after the big correction. Tried to stay above MA 50 , It could ? It couldn't?

A ) It will drop up to 37% from the top , MA 20 will be the strongest support on it.
Then, " the next bull market " started when the candle passed MA 50 at the next time. ( and MA 20 will be above MA 50 )
******* BEST BUY : $4600 - $4800

B ) It will drop up to 46% from the top , MA 200 will be the strongest support on it.
Then, " the next bull market " will start when the candle pass MA 50 at the next time. ( and MA 20 will be above MA 50 )
******* BEST BUY : $4000 - $4400

From 2019 to 2021, The best time to buy Bitcoin will be when it touch MA 20 on a weekly chart!!!!

I strongly believe that YOU WILL GET AT LEAST ONE MORE TIME TO BUY BITCOIN BELOW $5000 before the next bull season!
Bull Season Date? ( SEPTEMBER 2, 2019 - November 4, 2019)

A or B ? Comment below , please.
Trade active: Nov 21, 2018 : Bought Bitcoin at $4400
Dec 7 : Bought Bitcoin at $3200 again
Apr 2, 2019 : Sold Bitcoin at $5000
Apr 24 : Bought Bitcoin back at $5200
May 9 : Sold Bitcoin at $6100
May 10 : Bought xrp, ltc ,$eth on USD pair
May 16 : Sold xrp ltc eth with 50% profit on USD pair
May 22 : Bought middle / low cap coins trx btt npxs dent
June 1: TRX pumped 45% (June 3 ), btt sold 70% ,npxs sold 40%, dent sold 80%

All the trades shared on twitter / tradingview day by day publicly. Please follow us if you havent done it. May was a good month for us.
Congratulations to people who follow my calls.
Trade active:
Trade active: If you are interested in ALGO trading, Check out my masterpiece #EngineeringRobo.

Got my first bitcoin in Oct 2013.
Became a full time day trader in Nov 2016.
Got the ALGO trading idea in May 2019
Started to search about it in June 2019
Backtesting since Sep 2019
Pre-Launch last week with 50 people!

Trade active: Everyone has things to do - life is chaotic. We don’t have time to be at the computer every waking moment ensuring our portfolio is on track.
In one of the previous examples, we discussed portfolio rebalancing every hour. This is an example of something that could easily take 2 - 3 hours or longer for each rebalance. If you have a diversified portfolio, it will take even longer. Not only would this be repetitive, but it would also be time-consuming. Countless trading strategies are cumbersome in this way.

Engineeringrobo is not like you. It doesn’t have anything better to do. All it wants to do is implement these time-consuming strategies for you.

Let me get straight to the point.

If you want to make money from financial markets , you have to be a part of trading.
To be a part of trading, You have to go to trading school. Never forget, It is not FREE at all.

You have two choices in front of you.

1 ) You can try to learn by making mistakes, the cost of your trading mistakes is your tuition fee to the markets. There is no guarantee that you will pass the class and make money!!! Even if you spend years and years.

2 ) You can try to learn trading with EngineeringRobo, there is a cost to get EngineeringRobo. There is also no guarantee that you will pass the class and money money, however, it is guarantee that you will pay way less tuition fee to the markets!

The choice is yours!

If you decide @EngineeringRobo,You will never regret it!


Trade active:
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Comments

nice analysis
+1 Reply
@kaisermidas, Thank you dude.
Reply
very well done awesome work
+1 Reply
@y0gi, Thank you . Hope you are doing great.
Reply
Good Luck My Dude!
+1 Reply
@Dameworld, So far so good, dude! Good luck on your trade as well.
Reply
I liked your style in explanation very much good work bro keep it up
Reply
@HamadaMark brother,I learnt a lot from you since Nov 2016! It has been 2 years :)
+1 Reply