It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong. You have to wait until there is money lying in the corner and all you have to do is go over there and pick it up. If your trades aren’t as simple as that, then there is something in your strategy that is limiting your potential.
In crypto, long term price patterns are the sacred keys that unlock the gates of continuous profit. Taking longer-term plays ensures that you do less work, but make more money than the average market participant.
However, as I mentioned in an earlier post. Many people trade altcoins, others trade opportunity.
Whilst long-term trades are the most simple to execute from start to finish, there always exists small pockets of opportunity that arise in certain coins due to a change in their overall environment.
VIA is a coin that has a very obvious and exploitable long term trend which I spoke about here. However, what we are now seeing with VIA is an increase in volume during the accumulation phase – perhaps novices looking to try their hand at buying into accumulation.
I have observed VIA jump from 9,200 Satoshi to 19,138 Satoshi providing a 108% profit. Then after this advancement, the price fell to 10,800 Satoshi, a 43% decline.
This 40% decline has occurred again yesterday, accompanied by alarmingly low sell resistance – absolute no brainer.
The absence of recurring price patterns is uncertainty.
When it comes to trading, one has to realise. Trading is the exploitation of opportunity. It is necessary to pass up trade after trade until you are presented with a pattern of movement, because all patterns are exploitable.
Tip: Through my analysis I aim to underscore the distinction between gambling and betting or trading with an edge. Participants in Crypto may well be gambling. If you don’t have a method (an edge), then trading is every bit as much as a gamble as betting in the casinos. But with a method, trading becomes a business rather than gambling. Fortunately for us Crypto traders, whereas the casinos can ban players because they become too proficient, this market has no way of eliminating the skilful traders. Therefore if you have an edge that provides you with the most unfair advantage over other traders, no exchange can come to you and say, “We’ve noticed that you’re making too much money. You can’t trade here anymore.”