AirSwap ( ASTBTC 4.18% ). Here is a perfect example of the charts we used to look at last year before December's bull run. I will point out the main points we used to look for. All these trades generated massive gains, we are talking in the ranges of 2-7x each and some even higher. So let's take a look at the chart for AST 1.85% and see what we can learn from it:
- Here we are just looking at the chart in general. You don't need to be an "analyst", you don't need to read any books, you don't need to know anything about trading to be able to look at this chart. But as soon as you start looking at it, you start to learn, you gain information even if it is in a "strange" language. Right now we are looking at candlesticks , patterns and indicators, but there is much more... So let's dive in...
- The peak/top price/all time high ( ATH -2.25% ) was hit on January 10th, 2018. I marked the date on the chart. After that we have a downtrend for the following 245 days, assuming the 12th September is when the bottom was hit. Note: There can still be another drop, strong one and fast one and that's why we use a stop loss for our trades. So far this seems to be the bottom based on the signals we are going to discuss below.
- The market had plenty of time to remove all the weak hands. All this time the price dropping, these are the people that no longer want to hold this token, gone. The light blue line is the EMA10 indicator and you can see we trade below it most of the time. Now, we are trading above EMA10 and we touched the same bottom twice, mid August and mid September. A sign of support.
- We have massive bullish divergence on the MACD building up for many months. This is the main signal to look for big profits potential long term trades.
- The RSI and STOCH are both bullish ... and the weekly chart can also give you an idea of the growth potential ahead...
- ASTBTC 4.18% is lacking some volume but is having slow steady growth, which is good signal for future growth. Once volume starts to build up, you will see this altcoin move up faster than what you can imagine.
- Please allow time for this trade to develop. It can take weeks and months for these signals to fully develop and there will be price swings in between.
- These signals change as the market changes. A bullish signal can be invalidated because of an event, just as another event can change the chart completely... so we remain always open to knowing that change is possible and these are only signals. We diversify. We have patience. We trade. We profit. We are grateful always for the profits... and we move on!
- Back to the trade...
Trade instructions for AirSwap vs Bitcoin -1.41% ( ASTBTC 4.18% )
Buy in: 0.0000113 - 0.0000129
Targets for ASTBTC:
(1) 0.0000157
(2) 0.0000185
(3) 0.0000238
More target available to PREMIUM supporters...
Stop loss: Close below 0.00000975 on the weekly candle.
Capital allocation: <5%.
SUCCESS IN TIMES OF FAILURE
How to succeed when everything is failing?
To succeed when failing is in question, you need to persist.
You to need focus on your goals, focus all of your energy... concentrate in what you believe.
As long as you persist and focus on your dreams... YOU WILL SUCCEED!
How to be/get good, when things seems to be doing/going bad?
To get good be good. To do good be good.
When things are going bad you can stop. Focus on what is going on.
Accept everything that is happening and understand the purpose behind it all.
Once you can meditate on the situation and the moment you call bad, you will be able to see the bigger picture and get the good out of the bad.
Namaste.