One of our criteria for BitTorrent to move lower has been met, which was a close below 24 satoshis. So I thought that instead of sharing a full analysis, it is better to share a FULL TRADE (2nd Entry) so that those that missed out on our first and second wave can profit from the next one.
Before we start, let me tell you that our previous trade remains active and in profits. All that is required to continue earning from this trade is pure patience. As soon as the retrace is completed, BTTBTC will resume its climb up.
Knowing this, here I am sharing a full trade so that you too can profit from trading this marvelous altcoin project... So perhaps you can hit LIKE now if you want to, and we can get started!
BitTorrent (BTTBTC) Trade Instructions by Alan Masters
BUY: 21-23
(This is our main recommended buy-in range. You can wait for BTTBTC to be within this range in order to buy-in.)
NEXT SUPPORT: 18
(This is where BTTBTC finds support if the price falls below our main buy-in price, a second entry. We can use this level to buy more or simply for reference.)
TARGETS:
(1) 27
(2) 32
(3) 37
(4) 43
(5) 47
(6) 42
(These are the levels where we sell for profits. There are many different ways and strategies on how to approach these targets. Our main strategy for beginners is to sell a portion of our holdings at each target. More advanced strategies can be used for seasoned traders.)
Note: It can take days, weeks or even months for a trade to fully develop.
Not all targets are meant to be reached. My main goal is to provide you with a good entry which creates a good position. You can sell as much as you want as prices move up and fully close your trade when you are satisfied with your profits.
STOP LOSS: Close daily candle below 17 satoshis.
(If the trade goes bad, this is where we stop cut our losses and if enjoy this altcoin, we can later look for a new entry lower [In this case the range 12-15 satoshis would be the next support].)
CAPITAL ALLOCATION: <10%.
(This is the recommendation of how much of your trading capital you should apply to this trade. Naturally, you can use as much capital as you want but I am a big advocate of diversification to reduce risks and increase potential rewards when trading altcoins.)
Note: These are all suggestions and recommendations. You can always modify these to suit your own unique lifestyle and trading style.
All the information here is shared for learning and entertainment purposes only. This is not financial advice.
Finally, I close my trades with a Spirit and Soul lifting message in the hopes of sending you good vibes and positive energies...
PATIENCE BRINGS SUCCESS
Patience is key when you start to trade.
Patience is necessary if you want the right decisions to make.
So sit down and relax, breath deeply, and join me once again.
I will be here offering my support... Together we know we can achieve success.
Patience my friend... It is the first quality really needed to win in this game.
Namaste.