RE: BLITZ 1,100% or 10x in 2days.. wow..
Hi Luc,
I too watched your videos on YouTube and luckily downloaded them before they went offline a few weeks later. Now you're back, posting all this amazing info you can't imagine how happy that made me.
In this crazy crypto world, full of opportunities and high risks, your advice really feels like the golden egg. Thank you for sharing!
However I do feel I need some clarification on how you execute your trading method.
Am I right in saying, you scroll through charts and look for the pattern which is your strategy. Then you find the base and set an alert for when the price drops below the base. Then you continue scrolling through more charts and set alerts. Further, whenever an alert notifies you, you watch the price closely as it drops and you buy the bottom. Then you watch the price closely to sell at the peak, or you set a sell order for the price you assume it will be? I'm a little lost there.
Because I'm currently backpacking I have limited functionality concerning devices, but I try to trade on my tablet, trying to make up for the losses due to bad decisions I made after the peak of late.
I would appreciate if you could clarify those details I am not sure of. I think I can see the trends you talk about, I am just not sure how to act whenever I spot the trend. Moreover, should you have any ideas regards to how to trade efficiently on a tablet I would be more than happy to hear :)
Thanks again and enjoy your coming trades!
I create a list of coins that are active and I am interested in, Most of these are very easy to trade and have great charts.. Its pretty hard to find bad charts in cryptos.. they are full of novice traders, so there easy to read.. but yes then I set alerts and orders in places that I would buy when a panic dive happens, then as soon as I have bought I already set up my sells up above where they should bounce to.. I often layer into a trade since I cannot predict the future.
Hey Luc, may I ask you a quick question about support, a lot of times when I look at charts it looks like whenever the candle has a long tail going down, the price will quickly rebound upwards and support gets much closer to the end of the wick, is this correct?
It really depends on the chart.. some of these charts have very thin books.. So when a big order hits there just arent enough buy orders on the bid to handle it for a secons or two and the price drops to fill that one order.. this is not support, because if the guys supporting it had time to react they would have never allowed it to drop that low.. thats why within seconds its back at a more reasonable area.. so support really is where the bigger players wont allow it to go any lower and then you usually get a nice bounce from there.. So most of the long wicks (like the one on BLTZ) dont count..
That makes sense, funnily enough I wasn't thinking about blitz...Man the charts were insane these 2 days, all I managed to do was get a breakeven trade on DGB(chart missed a bounce and flag freaked me out a bit, then the whole thing bounc)... The new updates are good, people get to know whats up with some insights along the way, I like this stuff, good material for newbies like me
Correct me if I'm wrong Luc, but is the only way to really capitalize on those crazy quick dives like the one on this chart by just setting buy orders at these crazy low points on the chart and kinda hoping that dive takes place. I would imagine even for someone like you who's monitoring the charts all the time it may be hard to see that quick drop and place a buy.
Maybe Luc bypassed your question, but for the most part you will need to anticipate these sharp drops by putting in a buy order on some of the charts. Even if an alert goes off, sometimes I do not have time to react to make that buy. These seem to be mostly with the lower volume coins.
How long do you trade for during the day?
I trade 9-430.. stockmarket.. and coins here and there all day and night