CryptoEngineering

Is it the beginning of the end or the end of the beginning? #2

Long
BINANCE:BTTBTC   None
Before we start, You should always follow some rules ;

1 ) Trade with BTC pair in a bull market, trade with USDT pair in a bear market. Don’t confuse it!

2 ) Less is more! Don’t use more than 4 – 5 indicators at the same time.
Trend lines , Moving Averages, RSI , Fibonacci levels and Chart patterns. Drawing lines are the most important indicators in any market.

3 ) Averaging down is the worst strategy. Averaging up is much better! You should buy coins when they’re on the way up in price, not on the way down.

Bear markets can last as little as three, six, or nine months or as long as two or, in very rare cases, three years.
So, there really a right time and a wrong time to buy a crypto, but understanding the difference requires some study. There’s no such thing as being an overnight success

At the same time, you should always keep the ratio below ;

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

You are an investor / trader, not someone who can predict the future. Base your decisions on real facts and analysis rather than risky, speculative forecasts. Never do something because other says so, trust yourself, but be open and flexible to learn from experts. Become stronger, become a wolf, not a sheep.

This is not trading advice, and should be used for educational purposes. Do not invest what you cannot afford to lose. You are solely responsible for your trading and investing decisions. You use any information in this account only at own risk.

Last but not least, When is the best time to buy?

1 ) Symmetrical Triangle has to be broken " For the quick profit "
2 ) Moving average 50 ( Blue line ) has to cross Moving Average 100 ( Yellow line ) " For the real bull confirmation "
3 ) See the huge volume then some consideration " For the real bull confirmation "
4 ) If you are buying at support level, it is good. But dont forget to set a stop loss for it. " For the quick profit "
5) Dont forget to follow me on twitter - twitter.com/c_ryptoengineer
Trade active:
I have a buy order at 12 satoshi! or when it breaks the trend-line!
Trade active:
Bought it. You can wait the candle breaks the descending triangle right now! Target is 18 sats.

The worst scenario ? It goes to 6 sats! Am I expecting? Of course!
Your objective isn’t to buy at the cheapest price or near the low, but to begin buying at exactly the right time, when your chances for success are greatest. This means that you have to learn to wait for a crypto to move up and trade at your buy point before you make an initial commitment.
Trade active:
Cutting Losses Is like Buying an Insurance Policy.

Think about it this way: If you bought insurance on your car last year and you didn’t have an accident, was your money wasted? Will you buy the same insurance this year?

Of course you will! Did you take out fire insurance on your home or your business? If your home or business hasn’t burned down, are you upset because you feel that you made a bad financial decision?

No. You don’t buy fire insurance because you know your house is going to burn down. You buy insurance just in case, to protect yourself against the remote possibility of a serious loss. It’s exactly the same for the winning investor who cuts all losses quickly. It’s the only way to protect against the possible or probable chance of a much larger loss from which it may not be possible to recover.

If you hesitate and allow a loss to increase to 20%, you will need a 25% gain just to break even. Wait longer until the stock is down 25%, and you’ll have to make 33% to get even. Wait still longer until the loss is 33%, and you’ll have to make 50% to get back to the starting gate!!!

TRADE SMART!
Trade active:
Bought BTT at 12 and 10 satoshi.
The average is at 11 satoshi.
The target is 18 satoshi.
I will keep you updated.
Trade active:
Sold at 18 satoshi, Around 80 % profit, Congratulations!

I am a potential buyer between 12 - 9 satoshi again.
Order cancelled:
Bought a big bag at 9 and 10 satoshi again.
Sell target at 18 and 22 satoshi
Trade active:
Bought a big bag at 9 and 10 satoshi again.
Sell target at 18 and 22 satoshi
Trade active:
I am a big buyer of BTT between 9 -10 satoshi.
As long as Justin is alive, Your bag is safe.
He will not kill the chicken with gold eggs.
Comment:
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Became a full time day trader in Nov 2016.
Got the ALGO trading idea in May 2019
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