Replacing Ethereum with Cardano
We are going to replace Ethereum with Cardano and trade only on the weekly charts!
I started my Trading System in March 2018, so that was during the heavy bear market, since March 2018, we did already close 13 positions, all 13 positions have been closed with profit, while we only went long, i don't short the market and no leverage trading.
The Results Charts of my Crypto Trading System, since March 2018.
On these charts you see the net results of the closed positions.
Since March 2018 until now, the trading is on the daily chart of trading pair BTC/USD. On the weekly chart of trading pair ETH/USD. And on the monthly chart of trading pair LTC/USD. With patience waiting for the best Buy/Sell signals.
Since 13 July 2020, we have an open position of trading pair ETH/USD.
You can follow the open positions on my LIVE portfolio https://www.cryptocompare.com/portfolio-public/?id=362637
We keep the current open position of ETH/USD until we get the Sell signal from my Trading System, after that, we'll trade ADA/USD on the weekly chart, instead of ETH/USD.
Why replacing Ethereum with Cardano?!
Simply because Cardano is way better than Ethereum and we replace it now thanks to Shelley, since 29 of July 2020 Cardano has become the most Decentralized Blockchain, while Ethereum still suffers from Scalability issues, way less decentralized and slow with high fees.
Cardano Transactions Growth at ATH!
Source: https://adascan.net/charts/transactions
And, after we close the other open positions of trading pairs BTC/USD and LTC/USD, we'll trade these trading pairs also only on the weekly chart, so we'll no more trade BTC/USD on the daily chart and no more trading on the monthly chart of trading pair LTC/USD.
Why replacing daily and monthly charts of trading pairs BTC/USD and LTC/USD with the weekly chart?!
Because after more than 2 years of trading with my Trading System, the weekly chart seems to be the best to trade with! We always go for the best, the best wins! ;)
To be clear, we just keep the open positions, until we get the Sell signals from my Trading System, and than, my Trading System will be:
The trading is on the weekly chart of trading pairs BTC/USD, ADA/USD, LTC/USD. With patience waiting for the best Buy/Sell signals.
Total Investment Capital: $ 3000 *
Trading on Weekly Chart per Trading Pair:
Max Investment Capital: $ 1000 *
Entry: $ 200 ( 20% )
Max DCA-buy: 5 times
*You can invest less or more, or don't invest at all, it's up to you!
Note. My Trading System is only suitable for patient traders, who wants to realize profits for the long term and to let the invested capital grow considerably and solidly. So if necessary, sometimes we need to wait days, weeks, months or even years to open/close a successful profitable position.
DISCLAIMER: The trading signal of my Crypto Trading System is not a financial advice, there is no guarantee that you will make profit from my trading signals. Crypto trading is very risky, so don’t trade with money you can’t afford to lose.