My trading strategies - page 8. | Bitcointalksearch.org

LUCKMCFLY

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Quote from: MrcMrc on April 16, 2021, 06:10:22 PM

First am not a pro trader, but my trading techniques have proven fundamentals. I recycled around Bitcoin and some handful of good altcoins; I trade with a hand full of funds since altcoins and the bitcoin market move in the opposite direction; I fill my bags with altcoins when the alt markets are down against Bitcoin and sell them when the market is on the rise to buy bitcoin which will be on a downtrend at that moment.

This technique has worked for me over the years.

That is an excellent strategy, but that means that you have had very good vision regarding altcoins and some good luck, because there are many altcoins that have not yet started since 2018, however I know the logic you apply and it is very good What criteria do you take into account to buy altcoins? do you apply technical analysis? Or do you only buy the altcoins that are closest to the Top of CMC? When the price of Bitcoin falls, what do you do is buy altcoins? What happens is that when Bitcoin falls in price, altcoins tend to fall faster, the important thing is to know at what time you can buy that is the lowest point, since if you buy at some point the same altcoin will fall much more.

RealMalatesta

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Quote from: MrcMrc on April 16, 2021, 06:10:22 PM

First am not a pro trader, but my trading techniques have proven fundamentals. I recycled around Bitcoin and some handful of good altcoins; I trade with a hand full of funds since altcoins and the bitcoin market move in the opposite direction; I fill my bags with altcoins when the alt markets are down against Bitcoin and sell them when the market is on the rise to buy bitcoin which will be on a downtrend at that moment.

I do not think always good altcoins are moving opposite to bitcoin market. There were occasions they both traded on same directions and opposite directions as well. For example, when bitcoin was trading below $5000 levels, ethereum also trading around $200 from its ATH of $1100.

Overall when money is moving out of crypto space then both bitcoin and altcoins will facing bearish trends. When investors diversify to have balanced portfolio, they do invest with both bitcoins and good altcoins then both bitcoin and altcoins will get into bullish trend which is happening right now.

I guess you might have followed specific coins to maximize chance but in simple overall look, your strategy is not a working one for me.

xianbits

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Quote from: tippytoes on April 16, 2021, 06:59:53 PM

The OP's technique will only work if he selected valuable alts in the first place. But if mistakenly, he invested in the wrong alts, I don't think he will get the same results. Your strategy is very generic. And it will depend on which particular alts are you referring to. Only few of them can give you good returns as most of them will die down before you can get your profits. If the OP knows that his strategy is working for him, why not use it to his own advantage. Just remember, not all alts are worth holding.

I also don't know how was his strategy is so special, well, no offense to the OP but, that is so basic almost everyone have already done and have been doing. But, good to hear it worked to him so well and that he has bagged good alts before the market soared at this level.

On the other hand, though some alts are not worth holding, I've seen a lot of those considered shitcoins before now soaring so high now. Which gives me second thoughts.

tippytoes

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The OP's technique will only work if he selected valuable alts in the first place. But if mistakenly, he invested in the wrong alts, I don't think he will get the same results. Your strategy is very generic. And it will depend on which particular alts are you referring to. Only few of them can give you good returns as most of them will die down before you can get your profits. If the OP knows that his strategy is working for him, why not use it to his own advantage. Just remember, not all alts are worth holding.

Quidat

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Quote from: MrcMrc on April 16, 2021, 06:10:22 PM

First am not a pro trader, but my trading techniques have proven fundamentals. I recycled around Bitcoin and some handful of good altcoins; I trade with a hand full of funds since altcoins and the bitcoin market move in the opposite direction; I fill my bags with altcoins when the alt markets are down against Bitcoin and sell them when the market is on the rise to buy bitcoin which will be on a downtrend at that moment.

This technique has worked for me over the years.

As long it would worked then stick with it because we do have our own ways on making trades and own ways so it might work for you but not for others.
Be grateful that you do able to make money and able to sustain yourself into this market.Strategies do differ on each trader and i agree that technicals
and fundamentals are really needed for you to make analysis towards your trades not just on making out some decisions and positioning without
any basis because thats just pure gambling.

Bitcoin_Arena

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I have tried doing this with top altcoins like Ether via the ETH/BTC pair, but truth is there comes a point when markets start to confuse. Sometimes when BTC rises, even alts rise along. When BTC drops, alts drop along.

Other times, alts just start pumping out of nowhere due to news and FOMO like the recent pumps of DOGE and XRP. It's hard to predict such outcomes via charts. Otherwise one of the best indicators is probably the Bitcoin dominance. When it's over 60%, alts seem to follow BTC price or at times, BTC outperforms them. When the BTC dominance is down, alts tend to perform better than BTC.

MrcMrc

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First am not a pro trader, but my trading techniques have proven fundamentals. I recycled around Bitcoin and some handful of good altcoins; I trade with a hand full of funds since altcoins and the bitcoin market move in the opposite direction; I fill my bags with altcoins when the alt markets are down against Bitcoin and sell them when the market is on the rise to buy bitcoin which will be on a downtrend at that moment.

This technique has worked for me over the years.

Topic: My trading strategies - page 8. (Read 1354 times)