Title: How to Turn a Hundred Dollars into Ten Thousand Dollars Trading Crypto: A Comprehensive Guide Introduction: Trading cryptocurrency can be a lucrative venture, even with a small initial investment. In this article, we will explore a strategy that aims to turn a hundred dollars into ten thousand dollars by leveraging risk management techniques and […]
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This is a complete guide on how to turn your small crypto trading account into a money making machine someone with a larger account could risk 500 to a thousand dollars each trade and be totally fine while this is probably the size of your entire account because ofThis we have to trade cryptos that move big to find these cryptos we can use a crypto screener like deckscreener.com or tradingview we can then filter the cryptos by their daily weekly and monthly percent change to find what's moving right now look for a cryptoThat's in a clear Trend whether it be up or down once you've found a trend in crypto look to enter on a pullback by using the Fibonacci retracement tool and entering around the 61.8 level then draw a line to measure the most recent price swing and project that forward to giveYou your profit Target once price reaches your target take half of your profits and hold on to the rest until price begins to reverse a simple way of doing this is using the 10 period moving average indicator if price breaks this blue line here you exit the rest of yourTrade this strategy ensures you're following the overall trend while maximizing your profits follow for more because
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Here's how much I made in a week of trading crypto as a part-time Trader and content creator the first trade was on Dogecoin we were in a really strong downtrend so I decided to go short around .07 as I noticed that was a nice level of resistance unfortunately priceJust kind of farted around for a bit before blowing through the previous highs resulting in about a 500 loss but now that I knew we were in an uptrend I decided to buy at that same .07 level this time using it as a level of supportI then looked to Target an ABCD pattern from my point of entry and even though it did take a while we did eventually hit our Target which resulted in about a profit of three thousand three hundred dollars bringing a total profit for the week of around two thousand eight hundred dollars