Since December 2018 , How I made over 250 % profit on USD pair?Before I start to review my friend Alex's coin- UBIQ , I give you some general crypto trading strategies.
TRADING IS SIMPLE - People make it harder!
To be a champion trader / investor , I think you have to see the big picture. It's not about winning and losing; it's about every day hard work and about thriving on a challenge. It's about embracing the pain that you'll experience at the end of a race and not being afraid. I think traders / investors think too hard and get afraid of a certain challenge.
When I first start trading in late 2016, I was trading with 5 / 15 minutes candles. Result? I lost a lot !!!
Sometimes you have to step back and look at the bigger picture ( 1 week chart ) in life and you might be surprised what you can see!
Since December 2018 , I made over 250 % profit on USD pair , 150 % profit on BTC pair.
Let's assume that You converted all investment into lTC at $23 in December, You made 220% profit , 100% profit on BTC pair.
Even by holding the best performance coin , it was impossible to beat my performance. So how did I do it?
Simple! Let me go through with you step by step! i will give you 5 easy steps!
1 ) Trade with BTC pair in a bull market, trade with USDT pair in a bear market. Don’t confuse it!
2 ) Less is more! Don’t use more than 4 – 5 indicators at the same time on 1D or 1W chart.
Trend lines , Moving Averages, and Chart patterns. Drawing lines are the most important indicators in any market.
3) Averaging down is the worst strategy. Averaging up is much better! You should buy coins when they’re on the way up in price, not on the way down.
4 ) If it breaks the daily / weekly trend line with a strong candle, it is the easiest buy / sell signal.
5 ) Weekly Candle open –close above MA 20 ( bullish trend )
Weekly Candle open –close between MA 20 and MA 50 ( Natural - Decision weeks )
Weekly Candle open –close below MA 50 ( Bearish trend )
Weekly Candle open –close below MA 50 and MA 20 is below MA 50 ( SELL SELL SELL )
Daily Candle open-close above MA 20 ( Super Bullish)
Bullish : MA 50 Above MA 100 ( Daily )
Bearish : MA 50 below MA 100 ( Daily )
Daily Candle open-close below MA 20 and MA 50 is below MA 100 ( SELL SELL SELL )
If you read it until here, You are serious about trading. Congratulations, Let's continue!
Now, I want you to focus the chart.
A ) UBIQ was bullish at the " A " level. However, it started to show weakness at this level . It dropped below MA 20 open - close on a weekly chart. It was the first serious warning for you to think about selling!
B ) As long as The candle above this level , It was still a safe zone for holder until MA 50 passed MA 20 on 1W Chart. It was the second and last warning for you! If you didn't sell at this level, You dont like MONEY! If you still dont like MONEY, You can stop reading it!
The coin lost 72 % of its BTC value after the B support level is broken.
Many of you probably panic sold at this moment . China FUD , BTC fork FUD and $5000 psychological level FUD were also around in Sep 2017.
It didn't touch " T " level and recovered so strong. Broke the " B " level and Touched the " A " level. The chance knocked your door one last time. It was your third and last warning / luck if you were still holding the coin or re-bought again at any level.
In the stock / crypto market, history repeats itself. This is because human nature doesn’t change. And It happened again in a long time frame.
YOU LOST UP TO 90 % AT THIS TIME!
I am sure that Your twitter influencer told you to HOLD!!! I am not sorry for you because You blindly traded it and Your luck tried to warn you 3 times !!! NO BRAINER!
So, What is next? If you read this long article until here, You deserve something! Actually, I am sure that You already learnt a lot.
You also know the answer! But, Let me make your job easier.
We are on the latest support level ( ? ) . It has been holding nicely since late March 2019 . As long as , it is above you can HODL it . If it breaks the downtrend-line as well, The potential target is 110 % !! It is nice right, Yeah I know.
What about if it breaks the support level this level and the " T " support level, I am 100% sure that you dont want to hear it!
Your objective isn’t to buy at the cheapest price or near the low, but to begin buying at exactly the right time, when your chances for success are greatest. This means that you have to learn to wait for a crypto to move up and trade at your buy point before you make an initial commitment. If you work and cannot watch the market constantly, small quote devices or quotes available on cell phones and Web sites will help you stay on top of potential breakout points.
In the crypto market, and success has nothing to do with being lucky. You have to study and prepare yourself so that you can become successful on your own with your investing. So make yourself more knowledgeable. It isn’t easy at first, but it can be very rewarding. Anyone can learn to do it. You can do it. Believe in your ability to learn.
P.S . UBIQ is a legit project. i know ALEX in person . However, They dont have a strong team since Julian left Ubiq for Bittrex . Most of alt coins will die. Ubiq as well? Depending on how long bear market continue.Thanks to Julian, It can stay at Bittrex for a long time! Alex, Make UBIQ great again :)
