Do You Know This Trader’s Formula?
Key facts:
Money can be made by investing in rising altcoins in moving averages, says MacnBTC.
He estimates that he would have made millions of dollars if he had used this strategy in the past.
In a Twitter thread on March 1, trader MacnBTC revealed in detail one of his strategies for making money with cryptocurrency. He argued that if he had followed this plan a long time ago, he would have made millions of dollars through altcoins such as Polygon (MATIC), Solana (SOL), Fetch.ai (FET), SingularityNET (AGIX).
Before announcing his plan, MacnBTC he suggested that, in order to understand its purpose, it must first be legendary. He estimated that it is often heard in the business world that it is too late to invest in cryptocurrency when the price has already risen. But he considered that this could not be from the truth.
For a long time he confessed that he also thought: “It is already pumped, it is dangerous to enter now.” He said that for this reason he would look for and buy altcos pennies that had not gone up and were in the region of the one that had gone up. However, he now believes that “this is the dumb thing you can do”, and such a mentality is missing the opportunity to “win a million dollars”.
“The last thing you want is to sit for days or weeks on a sluggish asset that may or may not recover. Just because something started blowing up doesn’t mean it’s too late to get in. You just have to be smart about it.”
MacnBTC, a trader and educator in cryptocurrency investing.
Mercator declared that most of the time he won’t make it in the first leg up “and that’s good because it doesn’t matter”. After gaining experience, he indicated that his secret to making money is to keep track of altcoins and buy during consolidations or setbacks.
If cryptocurrency reverses its rise, it may be a good time to buy
In conversions, named MacnBTC, you must first observe the list of all assets and when the price starts to rise. To do this he recommends that the most recent index Tether (USDT) / Binance USD (BUSD) pairs in the sandwich. bringing the explorer, bringing it into the TradingView explorer, and just clicking through the percent change once a day.
Second, he explained that you have tracks of altcoins that are profitable by importing them to another watch list. Here he shows that one should not be discouraged if one gets up and starts to go, rather what he is looking for. He commented that the key is to indicate if he has the ability to rebound, which leads to the next step.
“After the spike, you want to wait for the trap. The harder and faster you scratch the coin, the more aggressive the retraction will be.
MacnBTC, cryptocurrency investor.
The trader indicated that what should be done in the third place is to predict if the cryptocurrency can rise after the regression by examining its moving averages (average prices at a certain time). For doing this he valued two things.
One of them is to buy in the first retracement when it touches the 7-day refined moving average (SSMA) and two stop losses (automatic sales) to manage any risk situation. And it should be noted that he puts one at the point he thinks will hit (for example, at a high price hit in the previous top) and another just below where he was bought, so as not to lose much if it falls.
“This plan is so simple and excellent. We simply offer a daily trend with the condition that if the situation is bubbling current and will continue to pump.
MacnBTC, cryptocurrency investor.
The second option indicated that the price of the first retracement should be bought at the 44 hours 200-day EMA and 44 hours 200-day SMA. He considered that this strategy could stop the losses by placing it more important than the previous one, because it is based on a longer trend.
How can you make money with altcoins in consolidations?
MacnBTC is also exposed, which can also make a profit by investing in cryptocurrency when it shows a price consolidation instead of an inversion. He explained that this could be done if, in that state, with smaller and smaller candlesticks, while maintaining a constant floor price, he would sustain the level.
If a triangle with a bright bottom is similar to the shape of this chart, the trader is advised to buy at the daily low if it approaches the following indicators: 25-day SSMA in 12 hours, 25-day SSMA in 1-day, and 200-day SMA in 4 hours next to the EMA of 200 days in 4 hours. When that happens, the altcoin may be poised to collect.
In summary, MacnBTC stressed that traders should: “eliminate the already inflated mentality”. The plan that he wants to give above all so that market players can put it into practice for 2024-2025, which he predicts will be “the best time for cryptocurrencies”. This has just joined the litter of traders who are reporting on CryptoNews, with clear ways of earning altcoins.