5 Steps AND REAL TIME TRADE SET UP to profit trading (and losing) in BTC Cryptocurrency now

HUC update 6 3 17

We shared this HUC chart with subscribers that led to a quick 20% LOSS for us – on the way to some nice profits.  In this post we’ll show you how we’re trading this market now.

5 Steps Summary – read details and an ACTIVE trade set up below:

STEP 1 ESTABLISH OVERALL TRADING STRATEGY

STEP 2 FIND THE HIGHEST PROBABILITY SHORT TERM TRADES POSSIBLE

STEP 3 DETERMINE POSITION SIZE

STEP 4 FIND  A COUPLE SPECULATIVE LOTTO TICKET TRADES

STEP 5 DEMAND BULLISH PATTERNS AND SHORT TERM PROFITS

BONUS STEP: Subscribe (link on right side of blog) to cryptopatterns newsletter for information to help you better understand trading probabilities in the cryptocurrency market.  See example trade set up that’s happening in REAL TIME right now at bottom of this post.

To understand how we’re trading in the current crypto market now start with this post from 2 days ago:

$DGB $SC Finding “SAFE” high risk action for subscribers.

STEP 1 ESTABLISH OVERALL TRADING STRATEGY

tl:dr? Always have a trading strategy – what kind of market are we in? Bull, Bear, Mixed? Big crypto focus? Small?  Patterns said rotation from larger cryptos to more highly speculative smaller lower volume cryptos.

STEP 2 FIND THE HIGHEST PROBABILITY SHORT TERM TRADES POSSIBLE

We did that in this post that was actually from 3 days ago

BCN BTS DOGE STRAT Updates 6 2 17 6:30 PM EST

If you don’t want to read that, the idea was to find the strongest charts in history, price and volume the BTC exchange and determine the best SHORT TERM risk/return trades.

Why ST gains?  This rotation won’t last forever and big crypto (BTC ETH, etc) is in IT and LT bull markets. They are the safest trades and ST can turn into IT or LT with those trades in ways you can’t count on with high risk low volume crypto.

STEP 3 DETERMINE POSITION SIZE

Stating the obvious: short term trades on low volume crypto that are not traded on the USDT exchange are much higher risk than large crypto.

Therefore, position sizes should be smaller.  MUCH smaller.  Since many of these crypto have patterns that can show large gains in a relatively short time (DGB SC for example), a lot of money can be made on smaller investments = minimizing risk = STAYING SAFE.

STEP 4 FIND  A COUPLE SPECULATIVE LOTTO TICKET TRADES

This is done as much for trading discipline as for excitement.  Most traders want to hit home runs.  By establishing (or watching) a couple of VERY SMALL super high risk trades with huge upside potential as part of your trading strategy, you’ve satsified that need for the home run as part of your trading portfolio that helps keep your focus on the safer bigger money investments.

Volume and price spikes suggested PINK and HUC.  Those very small trades went like they usually go which leads to perhaps the most important step:

STEP 5 DEMAND BULLISH PATTERNS AND SHORT TERM PROFITS

Your high risk trades need to perform. Quickly. Especially if you see better performance with stronger trades.  Get out of the non-performers and shift to the winners or just take the loss and go to the sidelines until a higher probability trade you believe in emerges.

PINK and HUC did not follow through with volume or higher prices the next day. We got out and took losses of 15 and 20% respectively on very small positions (larger than they should have been to be honest, but still small–nobody’s perfect)

Meanwhile our positions in BCN, DOGE and especially BTS moved up as expected and we had larger positions because probabilities said they were the “safer” trade. Then yesterday, we saw FCT was about to break out (posted on newsletter and twitter) so we added our PINK and HUC funds to our IT position in FCT and that trade is already up 20+% overnight.

Overall, our rotation trading strategy has already produced Short term results above our targets (10-25%) with great upside from here, but we’ll protect those gains using position management because anything can happen.

We’ll also keep a close eye on the large crypto market because that’s where the safest ST IT and LT trades are, where new money comes into the market, and, when this rotation ends, where we’ll want to be.

BONUS STEP Subscribe (link on right side of blog) to cryptopatterns newsletter for information to help you better understand trading probabilities in the cryptocurrency market.

For example — our updates will show trade set ups like this one for STEEM

we shared this update on twitter yesterday

steem real time 6 3 17

for subscribers they get a lot more detail — like this set up that’s happening in real time right now:

steem 6 5 17

Of course – EVERY trade is at your own risk and should fit your trading strategy – but if your study tells you the rotation and STEEM trade fits your strategy you could use the 5 steps outlined above and stay with cryptopatterns for updated information, and we believe you will increase your probability of trading success (which is not easy to do!)

This site is for informational and entertainment purposes only and not in any way intended to be investment or trading advice.  You are 100% responsible for your financial decisions at all times.  It is highly recommended you DO NOT  make any investment or trading decisions depending upon what you read on this blog/newsletter!

 

 

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