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============================================================================ OST (OSTBTC) Trading on Binance - 2018-11-06 ============================================================================
Every -- EVERY! -- pump has a pre-pump. It doesn't matter if it comes from a pump and dump group, a partnership announcement, an exchange listing or just insider trading. There are always people in the know who will trade the news ahead of you. The good news is: data allows us to catch it.
Such is the case today with OSTBTC. The "news" is that they are listed on Bittrex. And there was a nice 25% pump over the 1 hour candle that made for some very easy pickings if you were paying attention.
Check out the chart above - my AllCryptoSignals Volume Pressure Gauge indicator caught this pump long before it happened. How? By seeing the pre-pump activity.
============================================================================ List of Entry Signals + Trades Captured with the AllCryptoSignals Volume Pressure Gauge ============================================================================
Here's the OSTBTC trade. This exact trade can be made with the following two tools:
Chart period: 60 minute, VP Gauge setting: 5, Alert Crossing Up over -10
2) An automated trading bot that buys on my signal and sells using a trailing stop once hitting a specific price gain (Gunbot + Trailing Stop - Stop Limit (TSSL) or any other bot that supports a trailing stop is perfect!)
Trade #1 - 25% (8 hours)
When I see my VPG indicator climbing fast from -50 on the 60 minute chart, I know something is up. As you can see, even if the pump didn't happen this trade would still exit with a gain. So, very limited risk here and well worth the time.
What are your thoughts? Did you get in on OSTBTC's pump?
Thanks for post, interesting stuff. I was lucky enough to get this pump but unfortunately had just lowered my sell levels 30% literally 4 minutes before the pump. Still learning here.
Quick question. Do u mean to imply this was the pre-pump and there will be another pump soon? Or do u think this was the pump. (That’s what she said).
BlockLevels
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@TheLuckyNoob - thanks for commenting! And at least you got in... don't sweat missing out on gains. Every positive trade is a positive trade.
From my experience, I doubt that we'll see another 25% pump very quickly for OSTBTC as they're being listed on Bittrex, which might sound great but is kind of meh when it comes to altcoin trading volumes.
Now, if they were being freshly listed on Binance I'd say that there is all sorts of chance for a future pump. But for now, I would only expect a couple of bounces as the chart returns to normal.
TheLuckyNoob
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@AllCryptoSignals, well said.
I’ll hope for the best but plan accordingly, thanks for your help very much.
Quick question. Do u mean to imply this was the pre-pump and there will be another pump soon? Or do u think this was the pump. (That’s what she said).