Spot
GMT - Awesome coin for spot, very bullish📈🔥GMT is sexy because:
⭐️ Market is bullish
⭐️ Accumulation is 77 days
⭐️ We are in the end of formation
⭐️ We trapped a lot of bears
⭐️ Had false breakout
⭐️ Formed local level
⭐️ Over VWAP
I already bought this coin on spot and expecting nice profit from it. Also, I will try to enter with small stoploss on futures when we will be near the trendline.
Remember to fix profit by parts!
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Martingale Strategy
Martingale Strategy
1. The Martingale Strategy is a strategy of investing or betting introduced by French mathematician Paul Pierre Levy.
2. It is considered a risky method of investing.
3. It is based on the theory of increasing the amount allocated for investments, even if its value is falling, in expectation of a future increase.
4. When the Martingale Strategy is used in trading, the trader must double the position size when faced with a loss.
5. The Martingale system is a methodology to amplify the chance of recovering from losing streaks.
6. The amount spent on trading can reach huge proportions after just a few transactions.
7. If the trader runs out of funds and exits the trade while using the strategy, the losses faced can be disastrous.
8. The risk-to-reward ratio of the Martingale Strategy is not reasonable.
Calculating the Breakeven Point (BEP)
1. Current Total Investment = (1*BTC@49348.17) + (2*BTC@39342.32) + (4*BTC@21117.39) = 212502.25
2. Breakeven Point = Current Total Investment / (Total Number of BTC) = 212502.25 / 7 = 30357.48
WAVES broke out descending trend line#WAVES/USDT
$WAVES broke out from long term descending trend line and hold above ascending trend line with the same angle.
🐮 holding the support zone and ascending trend line will increase price toward resistance zone around $6.
break out from resistance zone can pump price toward $7.5 and $8.
EOS at lower line of falling wedge#EOS/USDT
$EOS is above lower line of lower zone of long term falling wedge pattern.
🐮 holding the lower line of wedge as support will increase price to resistance zone around $1.2.
and breaking out from this zone will head up price to upper line of wedge that is the same with resistance zone around $1.6.
🐮🐮 as you know if break out from upper line it will increase as high as the height of pattern.
🐻 breaking down from descending support will invalid this analysis.