- We can see that LRCBTC removed 100% of the gains generated in January, so we are back to square one, now sitting at support.
- After a wave down, comes a wave up.
- There is a chance of LRCBTC price moving lower, so we always use a stop loss when trading. If the trade goes wrong, we get stopped out and only lose very little. If the trade goes right, as it almost always happens, then we can collect massive profits. Very low risk, super high rewards.
Loopring ( LRCBTC )
BUY: 0.00001100 – 0.00001200
NEXT SUPPORT: 0.00001000
STOPLOSS: Close weekly candle below 0.00000920.
1- Do not invest in every ICO – most of them are a scam.
2- Crypto is a heavily manipulated commodity and the price can change at any moment.
3- The creation cost of a coin represents the “wholesale” price – It is always better to buy when the price is close to the creation cost.
4- Crypto has a natural cash flow that dictates the selling pressure. Like, 1800 bitcoins are mine each day so 1800 bitcoin must be bought at the current price (“means market needs new $18 millions of investment every day if the price is $10,000 to maintain the current price“).
5- Patience and timing are key to making a profit:
Buy, when the price is close to the creation cost.
Sell, when the price is way high off the creation cost.