TheMagpie

How to Spot an Easy Trade XLMBTC

BITFINEX:XLMUSD   XLM / Dollar
Small gains can be made by using BBands and looking for a big red candle through the bottom of the cloud. RSI confirms this.
Trade active: Can close now for a quick 5% gain. I will keep profits and keep trade open.
Trade closed: target reached: Closed at a % gain. Should have closed at 5% but alas...

Comments

Forgot to close position here. Closed at a 3% gain.
Reply
Great idea but once you make the profit how do you save it...keep it in bitcoin, send to a bank (if this, how?) Thanks for your insight!
Reply
TheMagpie shamil3864
@shamil3864, Depends on how I expect BTc to perform. In this case I would keep profits in BTC but if BTC looks likely to drop I will convert to USDC
Reply
shamil3864 TheMagpie
@TheMagpie, Many thanks for your answer...but would I have to sell my xlm to get comparable bitcoin then send it from binance to coinbase to buy USDC or can I get USDC on Binance...this is soooo important to me as it is the first time I have come across a type of a coin that will not fluctuate like other altcoins...kudos to you for sharing with this still a newbie novice trader!
Reply
TheMagpie shamil3864
@shamil3864, You can convert Stellar to Coinbase they do EUR/USD-XLM since last week.
Reply
shamil3864 TheMagpie
@TheMagpie, Hi again and thanks for your continuing support...and for introducing me to USDC the stable coin backed by the US dollar. I like Binance and I see it supports the USDC. I've been thinking there is one very helpful thing you can do for me and I'm sure for many of your followers also in my situation i.e. how to save profit from changing value ...it seems to me there are 4 essentials...1) how to get funds into USDC in Binance from a bank etc. 2) how to use those funds in USDC to purchase an altcoin, in my case xlm 3) how to take xlm profit and put it into USDC 4) how to send this profit from Binance USDC to a bank...understanding this and being able to put it into practice is for me truly the Holy Grail of crypto currency trading as it solves the big problem of keeping the value of your profit intact. You so generously showed us, your followers, how to make a profit and If you could lay out the above steps needed so that we can keep it I and many, many others of your followers I am certain would respond by giving you kudos, the highest praise possible! Huge thank you!
Reply
TheMagpie shamil3864
@shamil3864, Not trading advice but 1) Firstly I would buy your preferred coin in Coinbase. You can buy XLM, LTC, XRP, Bitcoin...etc directly witha card or the bank transfer 2) If you short or long XLM you will recieve BTC as profit, you can then trade this for USDC/USDT or buy more XLM. Up to you. I trade on Poloniex btw (STR/BTC).
Reply
shamil3864 TheMagpie
@TheMagpie, Wonderful, huge thank you...again, Big kudos for your generous thoughtfulness...you are Best...I am now a happy camper!
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out