Surf MarketCap waves like a Ninja with ETC
I'm sorry that I did not manage to post in time... it is my first post and I accidentally posted it as private initially... But the idea of surfing on MarketCap waves is very recent and I will definitely repeat this concept so you can follow next time :-)) Happy trading!
---
During our weekly Crypto-bloodbath I was shorting Altcoins and BTC and accumulating tons of USDT so now I will explain how to find best opportunities to spend it with a sweet profit.
Recent MarketCap swings
Within recent Crypto Market Cap swings I proved that some Altcoins are gaining and losing value ~3.5 times faster than BTC on average and they react to swings with a delay so we can observe BTC swings and predict what exactly will happen to some of observed Altcoins coins. I compared several graphs and I was looking for the best coin to exploit these findings in the Market.
Comparison of marketcap swings sensitivity
My winner coin is ETC since it has a very solid background, Bullish general trend and very high correlation with BTC swings with a multiplier of a swing around 3.2×.
Once we proved marketcap upswing on coinmarkercap graph (anyone got a better idea where to observe marketcap swings btw?) and matched BTC regression trend with ETC reg. trend around ~0.0065 we started shorting USDTxBTC to catch up. We immediately profit about 5% on this trade alone, but we don't want to be trading only BTCUSDT alone and next swing might drag us back. I prefer to short continuously in waves and immediately stop if marketcap trend is changed.
Our ETCBTC Trade!
Entering long on our selected altcoin is far more risky since the outcome of our trade is multiplied compared to BTCUSDT trade and we may not catch up to exit the doubletrade back to USDT once marketcap trend changes, if we don't have exact plan.
Entry: 0.0077343
During our entry SqueezeMoment is Bullish on both ETC and BTC at each timeframe (1min, 3min, 5min, 15min, 30min, 1hr), this is extremely strong indicator that trend is not going to change any time soon, so we can safely enter and base our plan on trend lines with minimal risk.
Target 1: 0.007914
Level of most recent resistance matched with longterm trendline. We take only about ~10% here unless something suggest to exit the trade soon. This resistance should be easily passed.
Target 3: 0.007998
Resistance of a round number (0.0080). This resistance (human factor) is much stronger so we take ~33%
Target 3: 0.008194
New height resistance, this one should be also strong, but its overall impact is hardly predictable straight away in entering a trade, we should take ~40% and reevaluate.
100% Stoploss/Exit: 0.00759551
If ETC drops below strong support line we exit unless overal marketcap is still very Bullish.
Whole trade should use a short momentum and be exited quickly just in few hours.
---
During our weekly Crypto-bloodbath I was shorting Altcoins and BTC and accumulating tons of USDT so now I will explain how to find best opportunities to spend it with a sweet profit.
Recent MarketCap swings
Within recent Crypto Market Cap swings I proved that some Altcoins are gaining and losing value ~3.5 times faster than BTC on average and they react to swings with a delay so we can observe BTC swings and predict what exactly will happen to some of observed Altcoins coins. I compared several graphs and I was looking for the best coin to exploit these findings in the Market.
Comparison of marketcap swings sensitivity
My winner coin is ETC since it has a very solid background, Bullish general trend and very high correlation with BTC swings with a multiplier of a swing around 3.2×.
Once we proved marketcap upswing on coinmarkercap graph (anyone got a better idea where to observe marketcap swings btw?) and matched BTC regression trend with ETC reg. trend around ~0.0065 we started shorting USDTxBTC to catch up. We immediately profit about 5% on this trade alone, but we don't want to be trading only BTCUSDT alone and next swing might drag us back. I prefer to short continuously in waves and immediately stop if marketcap trend is changed.
Our ETCBTC Trade!
Entering long on our selected altcoin is far more risky since the outcome of our trade is multiplied compared to BTCUSDT trade and we may not catch up to exit the doubletrade back to USDT once marketcap trend changes, if we don't have exact plan.
Entry: 0.0077343
During our entry SqueezeMoment is Bullish on both ETC and BTC at each timeframe (1min, 3min, 5min, 15min, 30min, 1hr), this is extremely strong indicator that trend is not going to change any time soon, so we can safely enter and base our plan on trend lines with minimal risk.
Target 1: 0.007914
Level of most recent resistance matched with longterm trendline. We take only about ~10% here unless something suggest to exit the trade soon. This resistance should be easily passed.
Target 3: 0.007998
Resistance of a round number (0.0080). This resistance (human factor) is much stronger so we take ~33%
Target 3: 0.008194
New height resistance, this one should be also strong, but its overall impact is hardly predictable straight away in entering a trade, we should take ~40% and reevaluate.
100% Stoploss/Exit: 0.00759551
If ETC drops below strong support line we exit unless overal marketcap is still very Bullish.
Whole trade should use a short momentum and be exited quickly just in few hours.
Trade closed: target reached:
Target 1 and 2 reached with ease! While reaching Target 2 CoinMarket trend changed so we took 60% instead of 33% and reevaluate.
During reevaluation, trend proved bullish indicators and I decided to take last 30% of profit on Target 2.
Result:
10% Of volume @ 2.3% profit - fees
90% Of volume @ 3.4% profit - fees
+ Additionaly 60% of volume @ 3.6% profit on BTCUSDT trade
~ 5.5% profit total (-fees) in few hours on one a single marketcap wave
During reevaluation, trend proved bullish indicators and I decided to take last 30% of profit on Target 2.
Result:
10% Of volume @ 2.3% profit - fees
90% Of volume @ 3.4% profit - fees
+ Additionaly 60% of volume @ 3.6% profit on BTCUSDT trade
~ 5.5% profit total (-fees) in few hours on one a single marketcap wave