Live Crypto Trading: Learn How to Make $7,237 in Just One Week

You Can See This Just Comes Down Perfectly and Touches that 1618 Level

In the world of cryptocurrency trading, success stories are often shared to inspire and motivate others. One such success story involves a trader who was able to make a profit of $7,000 in just five days of trading. What makes this achievement even more impressive is the fact that the trader was wrong 57% of the time. In this article, we will delve into the details of this trader’s strategy and explore how they were able to achieve such remarkable results.

Understanding the Setup

The trader begins by explaining their approach to finding profitable trades. They focus on a specific trading setup known as a 35a trade. To identify these setups, the trader looks for a downtrend followed by a push up through that trend. They then use various indicators and chart patterns to determine their entry and exit points.

In the first trade of the week, the trader analyzes a cryptocurrency called Vechain (VET). They identify a resistance zone at the 1618 level and a top contact point at the 2618 level. By taking a position at the 61.8 level and setting a stop loss, the trader is able to profit from the subsequent price movement.

The Power of Hidden Divergence

What sets this trade apart is the discovery of a concept called hidden divergence. The trader explains that hidden divergence occurs when the price of an instrument is still moving up, but the relative strength is lower than the previous move. This indicates a potential sell-off in the price. By identifying hidden divergence and shorting into the 61.8 level, the trader significantly increases their success rate in these 35a trades.

Managing Risk and Reward

The trader emphasizes the importance of managing risk and reward in trading. They explain how they use Fibonacci projections and retracements to determine their take profit levels. By calculating the risk-reward ratio for each trade, the trader ensures that they are taking trades with a favorable risk-reward profile.

Lessons Learned from Other Trades

The trader goes on to analyze several other trades they took during the week. They discuss the setups, the indicators used, and the outcomes of each trade. Some trades resulted in profits, while others ended in losses. The trader emphasizes the importance of staying disciplined and not letting losses affect one’s confidence. They also highlight the need to constantly analyze and learn from both winning and losing trades.

Summary of the Week’s Results

At the end of the week, the trader provides a summary of their trading results. They share the total number of trades taken, the total risk factors, and the total profit made. Despite being wrong more than half the time, the trader was able to achieve a significant profit of $7,200.

Frequently Asked Questions

Q: How can I replicate this trader’s strategy?

A: The trader recommends studying their trades, analyzing the setups, and understanding the indicators used. By replicating the process and starting with as little as $100, traders can potentially achieve similar results.

Q: What is hidden divergence?

A: Hidden divergence occurs when the price of an instrument is still moving up, but the relative strength is lower than the previous move. This indicates a potential sell-off in the price.

Q: How can I manage risk and reward in my trades?

A: The trader suggests using Fibonacci projections and retracements to determine take profit levels. By calculating the risk-reward ratio for each trade, traders can ensure they are taking trades with a favorable risk-reward profile.

Q: How do I stay disciplined and confident after experiencing losses?

A: The trader advises staying focused on the overall trading strategy and not letting losses affect one’s confidence. It is important to analyze and learn from both winning and losing trades to improve as a trader.

Conclusion

The success story of this trader serves as an inspiration for aspiring cryptocurrency traders. By utilizing a specific trading setup, identifying hidden divergence, and managing risk and reward, the trader was able to achieve impressive profits. It is important for traders to constantly analyze their trades, learn from their mistakes, and stay disciplined in order to achieve consistent success in the volatile world of cryptocurrency trading.