24 Hours Later, 7 Winning Crypto Trades!

We are Tuesday and this is a follow-up on yesterday's blog post "Is using trend lines a good way to predict where the market is going to go?"

I really suggest that you read yesterday's post before this one so you understand what the analysis was for the seven trade predictions and for the first few hours, using Tether (USDT) and Augur, Ethereum, Litecoin, Stellar Lumens, Monero, Ripple and Zcash.

24 Hours Later, 7 Winning Crypto Trades!

This morning I looked at the charts again and I think that the results 24 hours later are very interesting and can confirm or not if trend lines are useful in predicting a move up or down.

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Let's see what the results are 24 hours later for each pair individually.

USDT/REP Trade Prediction

This is the chart for Augur and yesterday after 4 hours we concluded that the trend was going up. 24 hours later, it definitely continued to go up and stayed nicely within the trend lines.

The blue arrow is where I would have entered the trade.

A $1.2 jump in price for Augur and this trade would have been a winner.

USDT/ETH Trade Prediction

Ethereum did very well even if it didn't stay within the trend lines, the trend up was still correct. The moving averages still continued to go up as well with no sign of turning down.

The blue arrow is where I would have entered the trade.

As you can see that's a $15 jump up and this trade would have been a winner.

USDT/LTC Trade Prediction

Litecoin did also very well until the last candle where massive sells took place. It didn't stay within the trend lines, but still followed the trend up. The moving averages started to lose their strengh up and started to turn down.

The blue arrow is where I would have entered the trade when a candle touched that line.

Yesterday I thought this would have been a losing trade after 4 hours, but it recovered afterwards and selling at its pick before the fall would have made $2 per coin.

24 hours later, it's still a winning trade.

USDT/STR Trade Prediction

Stellar Lumens continued to go up, not as fast as the trend lines would have suggested, and it did a nice pick. The moving averages continued up slowly and then turned down slowly. 

The blue arrow is where I would have entered the trade.

24 hours later, it's still a winning trade, but it would have been wise to sell at it's pick, which would have been a nice jump up.

USDT/XMR Trade Prediction

Monero also went nicely following the trend lines and touching their point of convergence, which would have been a good time to sell. The moving averages continued up nicely before losing power and starting to turn down.

The blue arrow is where I would have entered the trade.

Then, it seems that at around 18 hours is where there can be a breakup and the best time to sell before the trend turns down. 

I hope this is helpful for you.

I use Coinigy to look at charts and place trades, if you would like to try Coinigy please use my referral link https://www.coinigy.com/?r=842aeb1c because I will get $15 if you purchase later on.

Would you upvote this post and follow me for more because this will encourage me to make more posts about cryptocurrency trading like this one?

Michel Gerard

www.michelgerardonline.com