Warning: session_start(): open(/tmp/sess_c13edb6034472c652126bd21b65f1c20, O_RDWR) failed: Disk quota exceeded (122) in /home/customer/www/thefuturecoin.com/public_html/wp-content/plugins/jnews-social-login/class.jnews-social-login.php on line 83

Warning: session_start(): Failed to read session data: files (path: /tmp) in /home/customer/www/thefuturecoin.com/public_html/wp-content/plugins/jnews-social-login/class.jnews-social-login.php on line 83

Warning: Cannot modify header information - headers already sent by (output started at /home/customer/www/thefuturecoin.com/public_html/wp-content/plugins/jnews-social-login/class.jnews-social-login.php:83) in /home/customer/www/thefuturecoin.com/public_html/wp-content/plugins/jnews-weather/class.jnews-weather.php on line 70
May 25th 2020, Crypto Chartbook: Built not bought | 2020-05-25 | Investing & Stocks – The Future Coin
The Future Coin

Bitcoin

$56,837.21

BTC 2.00%

Ethereum

$2,253.63

ETH 3.27%

XRP

$1.50

XRP 12.26%

Litecoin

$273.89

LTC 4.88%

EOS

$7.26

EOS 7.88%

  • News
    • Bitcoin News
    • Ethereum News
    • Ripple News
    • Litecoin News
    • Altcoin News
    • Blockchain News
    • Business News
    • Technology News
    • Policy & Regulations
  • Markets
    • Market News
    • Market Analysis
    • Price Indexes
    • Top Cryptocurrencies
    • Heatmap
  • Opinion
  • Cryptopedia
    • Explained
    • Bitcoin101
    • Ethereum101
    • Bitcoin Cash101
    • ICO101
    • Ripple101
  • Press Releases
No Result
View All Result
The Future Coin
No Result
View All Result
Home Opinion

May 25th 2020, Crypto Chartbook: Built not bought | 2020-05-25 | Investing & Stocks

by The Future Coin
May 25, 2020
in Opinion
0
May 13th 2020, Crypto Chartbook: Transaction time and ability matters | 2020-05-15 | Investing & Stocks
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter

Built not bought

This isn’t just a catchy phrase. It is the only way to riches. It is statistically proven that most market speculators, that try to blindly follow a trading recommendation fail to produce consistent results. Why? The most difficult part in trading is execution. No matter if you trade on a neighbors hunch or a computerized trading system, it is sheer impossible to execute a foreigner’s system. You might spend thousands of dollars on a sophisticated black box software and will find yourself turning it off at exactly the worst moment. Trading is psychology! When a stranger’s advise hit a series of losses you simply can’t stand the heat any more. Right at that point though, the winning trades might follow. Consequently you underperform the system since you skipped the execution of those vital winners. Built not bought.

We created our free Telegram channel over two years ago for exactly that reason. Total transparency is the only way for market signal followers to make a stranger’s system their own. We post our trades live! Observers can ask questions and make our market approach their own. With each publication of a weekly chart book our readers can get insights about the puzzle pieces of our market approach. We describe detailed intricacies. We explain what we do and encourage to back and forward test on your own. Through the sharing of our underlying principles of our trading systems, it is possible for the reader to gain the psychology necessary to create consistent results.

BTC-USDT, Monthly Chart, Mandatory Large Time Frame Overview:


BTC-USDT, monthly chart as of May 25th, 2020

One core component for ending up in the green is a roadmap. A high time frame overview of what your trading instrument is doing from a larger perspective. In the case of Bitcoin we are finding ourselves at exciting times of a possible triangle breakout to the upside. A strong supply zone right below actual price, supports the general tone to be bullish.

BTC-USDT, Daily Chart, Aggressive Early Entry:


BTC-USDT, daily chart as of May 25th, 2020

With the principles of our quad exit strategy minimizing risk, we already took an aggressive weekly long entry based on the above daily 40 simple moving average support and other key factors.

Weekly Chart, Built Not Bought, BTC-USDT versus XMR-USDT, Bitcoin Leading:


BTC-USDT versus XMR-USDT, weekly chart as of May 25th, 2020

To further reduce risk we use an inter-market relationship we recently extracted. The above weekly chart depicts the relationship between Bitcoin (white line) and Monero (dark blue line).

Points 1,2 and 3 are time starting points where you can make out that Bitcoin has found its recent absolute low within that week.

From those points on Bitcoin prices advanced and built over the next weeks double or triple bottoms. Illustrated by rising green lines. Most likely these price advances created in most trading systems confirmed long entries.

While Bitcoin at the starting points had its recent lows, Monero actually continued each time trading lower in the weeks to follow. Indicated by falling orange lines.

One way of taking advantage of this market relationship between those two trading vehicles would be of taking a confirmed Bitcoin long entry signal and rather trade the still suppressed Monero prices. Risk is smaller due to the tighter stop and better risk reward ratio. Consequently one could potentially get more bang for the buck.

In a way Bitcoin can be used as a leading indicator for a Monero trade.

BTC-USDT versus XMR-USDT, Weekly Chart, Built Not Bought, Good Exit Timing:


BTC-USDT versus XMR-USDT, weekly chart as of May 25th, 2020 b

Let us now look at exits. We find a similar relationship to be mutually beneficial to time exits well on Monero through Bitcoin price observation.

We would like to encourage the reader to find very similar relationships extended through our whole portfolio. This way feeling more familiar with our entry and exit timing. As a result making principles and market relationships that we observed your own as well.

Built not bought

It is the series of trades that make a long term winner, not an individual trade. Since we do not have an intuitive aspect as humans for thinking in probabilities we need to gain psychological strength elsewhere for proper execution. Only in depth knowledge of a trading system paired with repetition of reinforced positive results can lead to execution confidence. We are aware that not everybody can master all aspects of becoming a successful investor in creating their own systems from scratch. There are no free lunches though and as such we encourage to take our trading principles, stack them and make them at least partially your own. You can’t just buy a Ferrari and immediatly expect to win the race. Looking under the hood and being aware of the core components, in addition of taking at least a few driving lessons, is part of becoming a winner.

We post real time entries and exits for many cryptocurrencies in our free Telegram channel.

Source link

EDITOR’S CHOICE

You Can Now Earn Ethereum 2.0 Staking Rewards on Coinbase

Ethereum Could Reduce Fees With Batch Transactions

Ethereum Rival Polkadot Futures Suffer 99% Flash Crash—Forcing Binance To Enact Fresh Controls

Global Crypto Investment Fund FD7 Ventures to Sell $750M USD Worth of Bitcoin to Increase Cardano and Polkadot Holdings

Coinbase Files for Direct Public Listing With SEC – Cryptocurrency Regulation

Tanla to take Blockchain platform Trubloq abroad

Best Pick For You

News

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Business News
  • Ethereum News
  • Litecoin News
  • Ripple News

Features

  • Market Analysis
  • Opinion
  • Explained
  • Policy & Regulations
  • Top Cryptocurrencies
  • Technology News

Market Tools

  • Market News
  • Price Indexes
  • Bitcoin Price Index
  • Ethereum Price Index
  • Bitcoin Cash Price Index
  • Litecoin Price Index
  • Monero Price Index
  • HeatmapPartner

Cryptopedia

  • Explained
  • Bitcoin101
  • Bitcoin Cash101
  • Ethereum101
  • ICO101
  • Ripple101

© 2020 Coingraph

No Result
View All Result
  • News
    • Bitcoin News
    • Ethereum News
    • Ripple News
    • Litecoin News
    • Altcoin News
    • Blockchain News
    • Business News
    • Technology News
    • Policy & Regulations
  • Markets
    • Market News
    • Market Analysis
    • Price Indexes
    • Top Cryptocurrencies
    • Heatmap
  • Opinion
  • Cryptopedia
    • Explained
    • Bitcoin101
    • Ethereum101
    • Bitcoin Cash101
    • ICO101
    • Ripple101
  • Press Releases

© 2020 Coingraph

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
bitcoin
Bitcoin (BTC) $ 56,819.00
ethereum
Ethereum (ETH) $ 2,258.17
binance-coin
Binance Coin (BNB) $ 524.63
xrp
XRP (XRP) $ 1.50
tether
Tether (USDT) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.332588
cardano
Cardano (ADA) $ 1.30
polkadot
Polkadot (DOT) $ 37.81
bitcoin-cash
Bitcoin Cash (BCH) $ 999.35
litecoin
Litecoin (LTC) $ 274.25
vechain
VeChain (VET) $ 0.268159
chainlink
Chainlink (LINK) $ 40.60
uniswap
Uniswap (UNI) $ 31.81
stellar
Stellar (XLM) $ 0.555517
usd-coin
USD Coin (USDC) $ 1.00
theta-token
Theta Network (THETA) $ 12.29
filecoin
Filecoin (FIL) $ 162.10
tron
TRON (TRX) $ 0.145763
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 56,721.00
neo
NEO (NEO) $ 123.07
solana
Solana (SOL) $ 30.25
eos
EOS (EOS) $ 7.25
iota
IOTA (MIOTA) $ 2.36
klay-token
Klaytn (KLAY) $ 2.63
binance-usd
Binance USD (BUSD) $ 0.998252
monero
Monero (XMR) $ 344.15
bitcoin-sv
Bitcoin SV (BSV) $ 328.74
crypto-com-chain
Crypto.com Coin (CRO) $ 0.222593
bittorrent-2
BitTorrent (BTT) $ 0.008512
terra-luna
Terra (LUNA) $ 13.58
cosmos
Cosmos (ATOM) $ 21.39
aave
Aave (AAVE) $ 388.85
tezos
Tezos (XTZ) $ 6.28
okb
OKB (OKB) $ 17.66
ethereum-classic
Ethereum Classic (ETC) $ 37.28
ftx-token
FTX Token (FTT) $ 51.36
algorand
Algorand (ALGO) $ 1.48
compound-ether
cETH (CETH) $ 45.17
pancakeswap-token
PancakeSwap (CAKE) $ 24.35
avalanche-2
Avalanche (AVAX) $ 29.57
kusama
Kusama (KSM) $ 414.10
thorchain
THORChain (RUNE) $ 15.73
nem
NEM (XEM) $ 0.407188
dai
Dai (DAI) $ 1.00
compound-usd-coin
cUSDC (CUSDC) $ 0.021943
elrond-erd-2
Elrond (EGLD) $ 189.05
holotoken
Holo (HOT) $ 0.018135
maker
Maker (MKR) $ 3,575.27
huobi-token
Huobi Token (HT) $ 17.94
dash
Dash (DASH) $ 315.30