Spot
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
BLZUSDTIn fact im not sure about this one and if the price couldnt keep above support level i will sell it off !
IMO-NFA-DYOR
FOLLOW ME HERE !
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.
DOT broke out falling wedge#DOT/USDT
$DOT broke out from daily falling wedge, and now is in pullback to upper line of wedge to confirm it as support.
🐮 holding the broken line as support can increase price toward resistance zones shown in chart.
🐻 break down from descending line and back inside wedge will drop price to lower line around $4.
ICP at lower price#ICP/USDT
$ICP broke down from lower line of long term falling wedge pattern.
🐮 holding the parallel trend line of lower line as support can increase price to lower line of wedge again, and break out this descending resistance will increase price toward resistance zone between $15 and $17.5.
break out from resistance of $23 can pump price to moon.
🐻 rejection from lower line of wedge and break down current descending support will drop price to lower supports around $3 and lower.