Bitcoin Forum

The crypto bear market has been difficult to trade I'm really happy that we seem to be approaching to the end of a cycle correction, while I've shorted my btc and have being adding to my stack I have found a technique that has been good to grow the btc stack that I keep hodling.

I'm using an approach based in compounded growth rates. Basically taking quick in and out trades of 3% gain 2% stop-loss (buying and then selling alts) in small time frames to accumulate btc. We get free signals which are posted every couple of hours, some trades have been quite fast and some others have taken as much as 4 hours.

Signals look like this one https://cdn.discordapp.com/attachments/457359982346633227/515633840824254465/XLMBTC.chart.png

On Fridays (today at 4pm CDT, in about 15 mins!!) they release a bunch of signals for everyone in the channel (not sure but I think every 10 minutes or so).


Glad to share this experience as I've been trying different trading methods and from what I've learned in trading choosing an approach that works for you and applying it consistently is a key for success, if you wanna check it out this is their discord  Voodo crypto  (https://discord.gg/TbYwFNp)

If anything today is a great they to check out what this signals are about, as today we get a taste of what the paid membership is for 8 hours. If anyone has questions about how to trade these, I'd be happy to share what I've lerned so far



Cheers!!

Hope that this plan could work and would give me a lot of profit inside Binance. I have been trying to trade hard but I lose often more than I win.

Following certain channel signals can further confuse you as a trader as most of them are garbages only after their so called paid subscribers but do not actually deliver profitable signals. Particularly I have retired from active days trading but only take supposed positions hoping they are profitable moves after careful analysis while maintaining the appropriate risk ratio. This is not the time to go all in on crypto

you are in the right market with the highest trading volume in the rank coinmarketcap,

for now I am still hesitant to use crypto price prediction signals, but I can still use this for additional references in asset price predictions on the market.

Binance have an item is "Binance Research", i think it also worth taking some time to read for the trading.

last week to know me is the perfect cases in point. the daily we cover the binance of long anticipated moves for a KYC for the costomers, binance is the largest exchange by trading volume, has been confirmed by adding KYC verification. It has even been released in 2017 but has enabled traders to withdraw up 2 btc per day with only email confirmation. and making it clear that a transition for full KYC was likely to follow. nice to hear that.

I'll also be kind of hesitant in using any price signals now, considering the history we've history with so many of them. Personally, I've had to stay away from trading at all this period, because the more I try, the more I shed my BTC stack which isn't just the best. I shall return to trading when the market becomes a bit stable.

Don't know why now the market is more stable and I see the downward trend is not visible from yesterday, then the daily trade depends on how you manage your information. What I do for btc trade is almost the same as you, see what value touches low price, speculate what percentage of increase and decrease.

Day trading in Binance is kinda hard nowadays because of this bear trend. But long term trading is still the best way to trade in crypto.

Arbitrage is more beneficial for the day traders in this bear market because we still have price difference from exchanges to exchange so buying and selling at the right exchange will give huge profits for the day traders to survive this long bear market.

OP how you said we are at the end of correction cycle?

you get a good moment. that way you can buy at the lowest price

Market has been actually volatile lately, something good for the day traders. The stability you are talking about was there about a month ago where there we barely any bullish or bearish movements

Bearish trend is also necessary to make profits. Without the bearish trend you won't be able to buy the deep... i think sometimes as day traders, we have got to be a little patient until the price reaches our sell target.

Circumstances like this are indeed very beneficial for someone who arbitrates, I strongly agree because of price movements So fast and day trading is the right choice to get profits quickly. This condition is indeed detrimental to some people, but this situation is also very beneficial for some people. Hopefully we can be smart and we are right in choosing decisions.

You only need to be right about 66% of the time with your strategy to profit which shouldn't be too hard. The hardest thing is controlling your emotions, be that fear or greed. Make sure you take the profit when you can and don't hold beyond your stop-loss at any cost.

I just hope that we are really approaching the end of this correction like you said. We are already in the month of December, but there is no going up, the price has been stable. Although I’m very happy because the price has managed to get out from the $3000 zone and now in $4000, hope it goes up from there. Let’s see how it would be before the end of this year.

I was a day trader in binance, too and i am somewhat interested in your introduced approached.

My question is, does your signal groups a paid group? Or do they offer free signals, which i doubt? I'm not sure if you are just promoting the discord signal group you've mentioned. But whatever it is, I am very curious about it.

I see a lot of groups in telegram and discord offers a free signal that they got from the other paid groups. They do that to attract people to join in their channel, and it's only for temporary of time because after it reached the number of people they want, they will ask for paying off the service. They got the signals from the other channel because I watch and analyze, some groups have the same words from the other paid groups which I joined before. So be careful when you want to use the free because we never know who they are. No offense.

Doesn't makes any difference at all, whether paid or not. People should not follow those kind of pump-and-dump groups specially if you're just a newbie in this market. Much better if you perform your own analysis and trade yourself, at least you will learn a lot from it and as you gain experienced you will make the right decisions. These kind of groups usually are just being used to manipulate the price on their favour so just be cautious.

If you understand well(Binance), you can do a lot better than now, but you have to work a little while and understand If you can get some help from someone, then you will be able to understand a lot, But if you study it for some time then hopefully it will be a lot better, Problems if you make a mistake in deciding.

Day trading was not a simple way to buy and sell at Binance because all the coins are huge marketcap in Binance exchange so we can participate easily in Binance but sudden dump and pump was occur in anytime. So we must concentrate in short term investment and high margin trading was reduce the risk of day trading.