Crypto Trading Method That Made Me A Millionaire* Use Crypto/Fiat Pairs only for this method *
Buying when a short term bubble busts in worthwhile cryptocurrency projects is how I became a millionaire. I'm gonna share a very basic method for doing this, with an example opportunity.
Look for a chart with the basic exponential rise, the "hockey stick up", the top of the bubble, which then finally crashes back down with a big sell off. This pattern happens repeatedly across Bitcoin 5.91% and also Alt-Coins.
When to buy? It's basically a spin off the %B indicator:
%B = (Price - Lower Band)/(Upper Band - Lower Band)
Instead of the "Lower Band" from the Bollinger Bands , we will use the the last lowest consolidation price, where prices were basically flat for an extended period (deemed as the 0%).
Instead of the "Upper Band" from the Bollinger Bands , we find the high of the bubble, after it has crashed (deemed as the 100%).
A great entry price for buying is anything <= the 30% level between these two prices.
So for Particl the "Upper Band" to use is roughly $50 and the "Lower Band" is roughly $9, the difference is $41. And 30% of $41 is $12.30; add that to the 0% level of $9, for roughly $21.30.
Therefore, you can be sure that anything lower than $21.30 is a great price. That's right now guys!
I think Particl is a worthwhile cryptocurrency project, well-funded, with a solid dev team. Also looks like we are on the cusp of this project's most important software development release, their long awaited decentralized marketplace which is focused on privacy. Buying in before software development releases is also a great trading method.
I try to get in at <= this 30% level price and hold through at least the next pump. Rinse and repeat.
Cheers!
Lowrisk
ICX/BTC setup could be spicyICX has been consolidating after its recent push to the .0008 area. As you can see, the top resistance has been rejected twice. I have two ways I will play this breakout. Once involves a bullish breaking of the resistance with a bullish confirmation of sorts. (Either a kicker or a volume spike). What I think is more likely to happen is a testing off that current support, denoted by the purple line. If it breaks said support I will be looking to buy around the next support at around .0005488 . My first exit point will then depend on if it rejects the support again or, what I think is more likely, we see a moon shot.
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TRX Finally on Tradingview!I am very excited to be able to chart this coin with you! This is one of my favorite coins and I will be holding this long term.
I opened my long position at 0.00000034 BTC or .0049 USD
TP: $1
Duration of trade: 1 year
It is looking like TRX is getting ready to have another upward breakout. The channel is new so there could be some more consolidation. I will keep updating.
The falling wedge is premature and is speculative at this point.
I hope that you will follow this journey and have the patience to hold onto this one.
Santiment looking good !Not much risk in this trade ! Trendline has been held nicely !
Buy on entry 1 sell on target 1 . Then buy entry 2 and sell target 2
Not much more to say
*Trade at your own risk ! This is not financial advice !
GBPJPY is heading to 150 and then 150.5 zone - quick playAfter the big up trend this pair formed big H&S pattern but it looks like it failed to continue down.
After It failed it actually created a bullish smaller h&s pattern .
Now It looks like this failure is driving the price up to the 150 zone and 150.5 also looks reasonable for me .
Everything is on the chart...
Best of luck:-)