Look at this my friend... I will mention something briefly once more: If you want to see the true potential from a chart structure perspective, just turn off the logarithmic chart and use the linear chart. This clearly shows that ATAUSDT (Automata) is trading at bottom prices. Even with five consecutive weeks closing green, we are still looking at the bottom. The log. chart gives a different impression.
Here we have the entire bullish wave mapped for ATAUSDT. I am aiming mainly at $3.23 with a 21X potential, around 2000%. But, we know how market conditions are becoming favorable and this can result in higher profits from all trading pairs.
The strategy continues to be the same. We look for very low risk pairs, trading low, before the action starts; we buy and we hold. We set up our sell orders on target beforehand, this is because sometimes there are strong candles that don't allow much time for selling. If the order is in beforehand, they get filled when strong swings happen. When there is a retrace, you can buy again waiting for the higher targets. Or simply keep the profits and let the rest of the cycle run its course.
Not all targets hit. It is true that it can happen that the bull-market pushes prices beyond all targets, but it can also happen that prices hit just below our number. We can win them all if we focus on the long-term. Or the majority of our trades.
With leverage, we have high risk and this calls for a different strategy. With spot, risk is almost non-existent. You can only lose if you sell below your entry point. A mistake can be cured through a long wait. But if we buy and the market goes green, we won and we can hold long-term.
It is important to buy-in early because there will be corrections and shakeouts along the way. With an early entry, we can remain calm and collected when prices drop. That's why we buy red/near support.
If we buy up, when the action is already ongoing and strong, when the retraces happen we tend to become anxious and make mistakes. To avoid this, we map support and resistance levels. Say, if ATAUSDT trades above 0.1000, we are strongly bullish. If it goes lower, we buy more... Etc. There are many ways to approach a pair.
Some people can close a trade after it goes 10% down. And buy back again at lower prices or search for a new pair. Some people do a 25% stop-loss while others use a fixed price stop. There is also the trailing-stop, on and on...
I don't use stop-loss. My focus is on spotting high probability chart setups. Buy and hold. So far, it works. We just spot the bigger market cycle and it becomes impossible to go wrong. We started in August, saying the Altcoins would go up... We continue to buy and hold. The market is now giving us great results.
When the market turns bearish, that is, a new ATH with clear reversal pattern, we consider the short side of the market. We won't do this again. Instead, we will be bullish forever and when the market turns bearish, we simply wait until a new support level shows up.
We are bullish on Bitcoin and the Cryptocurrency market. The strongest bull-market is unraveling right in front of us. Never be bearish. Never bet against Bitcoin. Cryptocurrency is the evolution of money. You should own it... And see your wealth growth.
This is only the beginning. The market is very young.
Where do you see everything 10 years from now? I'll tell you, everything will be up. It will be much better than anything we can imagine.
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