Hey Traders! Do you know that Money Follows CRYPTOCURRENCY Assets? Yes! the more CRYPTOCURRENCY Assets you can trade, the more money you might be able to make as profits in the CRYPTOCURRENCY Markets.
But if you want to be a consistently profitable CRYPTOCURRENCY trader for the long term, youâve got to stop holding CRYPTOCURRENCIES thatâs already dumping by 6% below your entry price.
And the best part! Youâve got to sell them at a loss to preserve your trading capital for trading the best performing CRYPTOCURRENCY Pairs on the Exchanges.
With that, before we get started Iâm going to let you in on my little experiment.
Keep Reading!
Look: when I first started my CRYPTO Trading business a couple of years ago I lost two BITCOINS due to lack of Crypto Trading knowledge.
And when I went to learn more about the most important metrics for performing proper technical analysis of any CRYPTOCURRENCY Pair!
All the advice I found were vague stuffs like: Buy at Support and Sell at Resistance.
Support becomes Resistance and Resistance becomes Support at some point on the candlesticks price chart data.
Needless to say, these generic ideas were so confusing and there was nothing practical on how to actually perform proper technical analysis of any CRYPTOCURRENCY Pair.
So I decided to run a bunch of experiments on the candlesticks price chart data of over one thousand CRYPTOCURRENCY Pairs.
And thanks to the data provided by the tradingview.com chart page, I discovered that the entire candlesticks price chart data of any CRYPTOCURRENCY pair is divided into sections of Bullish Trend and Sections of Bearish Trend.
Hence the name Bullish Trend Section and Bearish Trend Section was formed.
So the most important metrics for performing proper technical analysis of any CRYPTOCURRENCY pair are: The Bullish Trend section and The Bearish Trend Section of the CRYPTOCURRENCY price action.
And thatâs absolutely all that youâd ever need to perform proper technical analysis of any CRYPTOCURRENCY pair.
For example; Right now the best performing CRYPTOCURRENCY Pair on the BINANCE Exchange is the XVG/USDT CRYPTOCURRENCY Pair.
And the XVG/USDT CRYPTOCURRENCY Pair has left clues on the candlesticks price chart data.
So letâs jump right in to identify the Most Current Bullish Trend Section of the XVG/USDT CRYPTOCURRENCY Pair.
Stay Tuned!
Now as you can see on the candlesticks price chart data, the Most Current Bullish Trend Section of the XVG/USDT CRYPTOCURRENCY Pair started from the lowest price of this Green candlestick Bullish Trend Starter.
And to identify the lowest price of this Green candlestick Bullish Trend Starter, youâve got to zoom out on the candlesticks price chart data a couple of times in other to get the exact price of the lowest price of this Green candlestick Bullish Trend Starter.
So as you can see on the candlesticks price chart data, the lowest price of this Green candlestick Bullish Trend Starter is exactly at $0.001780.
And then use the yellow horizontal line tool to indicate the lowest price of the Green candlestick Bullish Trend Starter.
And from the lowest price of this Green candlestick Bullish Trend Starter, the price actions of the XVG/USDT CRYPTOCURRENCY Pair bounced up by 9.18% and then dip back down to 3.5%, it bounced up again by 14.96 and then dip back down by 7.50% and finally it bounced up again by 62.29% to complete its standard cycle of a Bullish Trend operation at the highest price of the Bullish Trend which is $0.002889.
So as you can see on the candlesticks price chart data, the most current Bullish Trend Section of the XVG/USDT CRYPTOCURRENCY Pair bounce up by approximately 62.29% over the course of 9days.
So if you were to trade this CRYPTOCURRENCY Pair like everyone did in our CRYPTO trading community.
Your Entry price will be constantly at the 15% of the most current Bullish Trend Section and then use the Blue horizontal line tool to indicate your Entry Price which is $0.002048.
And your stop-loss price will be constantly at the 9% of the most current Bullish Trend Section and then use the Red horizontal line tool to indicate your stop-loss price which is $0.001941.
And finally your Safety price will be at the 22% of the most current Bearish Trend Section and then use the PINK horizontal line tool to indicate your safety price which is $0.002173.
The question is how much money can you potentially lose or make as profit for participating on this Bullish Trend Section?
For example; letâs say you staked a $100 worth of trading capital to participate on this Bullish Trend Section.
Now as you can see on the chart, you would have made a 41% profit for trading the Bullish Trend Section.
And that means you would have made a $41 profit with a $100 trading capital, and thatâs a massive profit already.
What if you increased your trading capital to $1,000! You would have made a $401 profit for trading this Bullish Trend Section. Nice one right?
OK! Going back to see how this CRYPTOCURRENCY pair has performed on the various Bullish Trend Sections.
For example; this Bullish Trend Section bounced up by approximately 62.74% over the period of 10days 8Hours.
So if you were to trade this Bullish Trend Section like everyone did in our Crypto trading community, you can only lose 6% of your trading capital.
But it turns out that this Bullish Trend Section bounced up by approximately 62.74% and that means you would have literally made over 40% worth of absolute profit for participating on this Bullish Trend Section.
So Traders! Itâs really amazing how Money Follows CRYPTOCURRENCY Assets but youâve got to Do Your Own Research before investing in any CRYPTOCURRENCY Asset.
Leave a comment below right now, thanks.
