07 Nov - 10 NovTotal return: 268%
Coins: SMBR, HYPER
0.5 BTC Giveaway 11/11 10am EDT here RT to winA large percentage of traders in Crypto are afraid to buy a coin that has been shunned by the rest of the market – regardless of whether the technicals indicate that the coin is about to jump 100%+. It just seems too risky to them. Personal feeling and opinions are far less accurate than the market. Also, the majority of unskilled traders stubbornly hold onto their losses when the losses are small and reasonable. They could get out cheaply, but being emotionally involved and human, they keep waiting and hoping until their loss gets much bigger and costs them dearly. In a similar vein, unskilled traders tend to cash in small, easy to take profits and hold their losers. This tactic is exactly the opposite of correct trading procedure. These traders will sell a coin with a very small profit before they will sell one with a huge loss.
SEMBROSMBR was a Pumpers Pick during the last week of October. We got in as it dumped down to 210 Satoshi. SMBR is now sitting at 2700 Satoshi which is a 1185% gain. Not too bad.
SMBR has started to find its rhythm in the market.
Since its introduction it has dipped from 5771 to 261 a -95% drop in vaule – then jumped from 261 to 2990, A 1045% gain. Dipped to 847, and then climbed to 3106 which a 266% increase.
All of this action has taken place within a mere three weeks, which is SMBRs total lifespan on the market.
This volatility is becoming predictable and simple to exploit due to the fact that it has dipped into that 845 – 880 price range twice and then bounced upwards twice – generating a 200%+ profit on both occasions.
I wouldn’t go as far as saying 845 – 880 is the floor for this coin, but it is clearly a point of focus for many traders who are now taking advantage of this pattern.
The whole thought process behind putting my own Bids within this 845 – 880 price range was born out of the simple fact that I could clearly see that the last time SMBR was in this range – it bounced and produced a substantial 203% gain.
I had to assume that I wasn’t the only one who noticed this simply because there were other small orders placed by traders who also saw the opportunity. This was the only confirmation I needed to place some lowball orders of my own in anticipation of a quick price plunge.
Tip:
Never, ever, follow conventional wisdom in the market. You have to learn to go counter to the markets. You have to learn how to think for yourself; to be able to see that the emperor has no clothes. Most people can’t do it. Most people want to follow the roar of the crowd but, for the most part, following what everyone else is doing is rarely a way to make the largest amount of money. You may scrape some tiny winnings here and there, but you will eventually begin to suffer huge and hard to take losses.HYPERHYPER is a very interesting market to me. It has been in an extended uptrend since July.
In the month of June HYPER gained 477%.
Most of July was spent in a down trend, reaching a low of 304 Sats before rocketing and delivering a 2860% gain before the month’s end.
August opened up at 5559 Satoshi.. after a few days of consolidation, HYPER went into beast mode and climbed a staggering 313% to 22999 satoshi.
Then came the long and drawn out down trend that lasted throughout September – don’t be fooled though – there was several flash rallies during this period producing gains of 40% - 100% each time. So, overall, another profitable month
The September plunge came to a halt early in October when the price hit 1446, before exploding and delivering a 1490% profit for those who were in tune with the trend.
The moral is – HYPER has been consistently profitable for nearly 5 months now making HYPER one of the most credible Altcoins on the market right now.
Currently HYPER is following the same type of pattern that I described in September. Its in a slight down trend. Which is great, because this is the perfect climate for scalpers who love to repeatedly dip in and out of a coin with 50 – 100% gains each time.
In a downtrend, sell resistance is low for longer periods of time. Each time the price drops, resistance becomes weaker – allowing for the market to be moved effortlessly. This is why you are much more likely to see a flash rally during a downtrend as opposed to the more gradual and natural price hikes that occur during uptrends.
Tip:
Never, ever, follow conventional wisdom in the market. You have to learn to go counter to the markets. You have to learn how to think for yourself; to be able to see that the emperor has no clothes. Most people can’t do it. Most people want to follow the roar of the crowd but, for the most part, following what everyone else is doing is rarely a way to make the largest amount of money. You may scrape some tiny winnings here and there, but you will eventually begin to suffer huge and hard to take losses.SIDENOTE: Look at each market (coin) as a venue - a venue that has a max capacity. In our case the venues capacity, instead of human beings, can only be filled with BTC (trading volume). So, If a coin has already attracted a tremendous amount of volume, volume that is magnitudes above what the logical part of your brain would deem average levels – then that particular market is filled (or close to being filled) to its maximum capacity. Thus the only thing left to happen is for the BTC to come back out of that market – causing the value to plummet. Note: BTC is a buy right now. Pay attention to the price and execute your buys at the low points. Oct - Dec will be very interesting.
Twtter: @Pumper_Ryan follow for daily picks, and updates.